Shrinking

The Financial Squeeze: Kenya's Declining Forex Reserves and Its Implications As the sun rises over the bustling streets of Nairobi, casting a warm glow over the kaleidoscopic cityscape, a cloud of concern looms larger in the distance—Kenya's financial health. Recent figures from the Central Bank of Kenya (CBK) reveal a troubling decline in the nation’s foreign exchange reserves. Dropping from an impressive $11.2 billion (KSh 1.45 trillion) on July 10 to $10.69 billion (KSh 1.38 trillion) by the end of the month, this…

Navigating Price Increases in Nigeria's Streaming Market In recent months, Netflix has adjusted its pricing structure in Nigeria, raising the cost of its Basic plan to ₦4,000 from ₦3,500 and the Mobile plan to ₦2,500 from ₦2,200, as reported by Punch. To some, these changes might appear as just another weight on the shoulders of consumers already navigating the waves of economic uncertainty. But what does this mean for a country grappling with inflation and dwindling purchasing power? This is not the…