Fedspeak This Week.

Fedspeak This Week.

Several top Fed officials are set to speak this week, including Chair Powell, Fed Vice Chair Kaplan, and Fed Vice Chair Rosengren. These speeches will likely dominate trading in Treasuries and set the direction of interest rates for the week. However, there will be plenty of key economic reports that will also be released. Among the most important reports to watch this week are the Federal Funds Rate, the jobs market in the United Kingdom, and the Purchasing Managers Index (PMI) readings for the United Kingdom, Japan, the Eurozone, and the U.S.

Fed officials are set to speak about monetary policy this week, but they will also focus on the economy. They'll also likely give hints as to when the Fed will begin to start reducing its balance sheet. The minutes from the most recent Fed meeting will be released on Wednesday. They could offer a shot in the arm for the US dollar bulls. However, if they feel that conditions have loosened too much, they could change their tone and say that they would like to see some action to cool the economy.

Fed Chair Powell will speak on Friday. In his remarks, he will highlight the central bank's commitment to fighting inflation. He also outlined the path for the Fed to wind down its asset purchasing facility next summer. He said that a rate hike "was just the beginning" and suggested that it was possible for inflation to return to its long-term average. He also warned against a continued softening of the labor market.

Other Fed officials will speak this week, including FRBNY President William Dudley, Minneapolis Fed President Neel Kashkari, and Chicago Fed President Charles Evans. These speeches will also be important in determining the direction of the market this week.

Chicago Fed President Charles Evans argued that the central bank needs to raise interest rates at least another percentage point this year. He also noted that the unemployment rate would rise to 4.4% next year. However, he said that he didn't see "recession-like jobless numbers" in the near future.

New York Fed President John Williams also began the week with a speech. He said that while the economy remains strong, the risks associated with further rate hikes are substantial. He also said that the Fed should be prepared to pause if the Fed Funds Rate reaches 4 percent. He warned that inflation is expected to remain on the rise for the next several years. He also said that he expects short-term yields to continue to move higher.

Fed officials will also speak about the economy, with a particular emphasis on consumer spending and the pace of holiday shopping. Consumer inflation has increased since September. Several economists believe that the economy is slowing down, and they've pointed to the unemployment rate as a potential indicator of recession. This is a topic of great concern to the Fed, which wants to avoid the possibility of recession.

There will also be a variety of economic reports released this week, including the jobs market in the United Kingdom, the University of Michigan consumer sentiment index, and the Purchasing Manager Index (PMI) readings for the U.S., Japan, the Eurozone, and the UK. The jobs market is due to be released on Tuesday, while the Purchasing Manager Index (PMI) is due on Wednesday and Friday.

Japanese Yen Boosted Against US Dollar on Soft US CPI. Has USD/JPY Broken

During last week's trading sessions, the US dollar dominated the currency market. As the US financial year ended, the dollar index rose +8%. It finished the week modestly stronger against Asian currencies. However, the greenback was largely driven by technicals and hopes of a Fed pivot. As a result, EUR/USD, GBP/USD and USD/JPY pair were under pressure.

In the US, the US CPI report was softer than expected. However, the Philadelphia Fed Manufacturing Index slid to a negative -19.4 from -8.7 in September. This prompted markets to refocus on lower-yielding currencies. Despite this, the dollar managed to edge higher against the yen. This resulted in the USD/JPY pair breaking through its ascending trend channel for the first time in over a year.

The US CPI report had the potential to sway Bank of Japan hawks who want to call off large-scale monetary easing. Meanwhile, Japanese PPI showed mixed results. However, the national CPI was expected to turn into positive territory. The Bank of Japan is expected to continue to maintain its ultra-loose monetary policy. The BOJ remains the only major central bank with negative interest rates. However, this may change in the coming months. Whether this leads to a stronger USD/JPY remains to be seen.

Japan's economy has substantial internal tensions. The country's FX reserves are not unlimited. This means that Japan's large firepower can only be employed so far. Moreover, small and medium sized businesses can't escape the grip of inflation. In addition, Japan's older voters have fixed incomes and cannot export without inflation. The Japanese government encourages businesses to boost wages. But while this is a welcome relief for consumers, it also helps offset a cost of living crisis.

The Bank of Japan has been an outlier for the last year. Despite maintaining its ultra-loose monetary policy, the yen has declined 22% against the dollar in the last 12 months. The Bank of Japan has spent $70bn on FX intervention between the USD/JPY region 146-151.

The Japanese yen also surged against the US dollar on soft US CPI. The BOJ is hoping that prices will rise to a level that will justify its stance of zero interest rates. It will also continue to maintain its yield curve control target of -0.10%. However, this may not last long. Increasing prices could lead to inflation that peaks after hitting 3%.

The Bank of Japan's hawks want to free Japan from its monetary isolation. However, Japan's economic outlook is still vulnerable to stagflation. Despite a modest increase in inflation, the economy is expected to grow just 1.2% in the year ahead. Moreover, Japan's older voters have fixed incomes after decades of deflation. Moreover, the Bank of Japan has staked everything on beating deflation.

The yen's strength against the dollar helped boost exports. However, the yen's strength against the US dollar may be short-lived. The Bank of Japan's persistent monetary policy may also erode the USD/JPY pair. In addition, the Bank of Japan may continue to use its large FX reserves to support the currency.

GBP/USD Outlook: Pound Dollar Lacks Conviction as Price Action Stalls

Despite a slew of good data out of the UK last week, the Pound US Dollar exchange rate stalled. The US dollar swung sharply after the release of the US Producer Price Index, which showed a 0.3% month-on-month jump. This was enough to spur speculation that the Fed might slow interest rate hikes a bit. However, the news was overshadowed by the unexpected increase in jobless claims, which could be a sign that the US economy is beginning to soften.

The British pound enjoyed a rally against most peers last week, largely in part to the hawkish rhetoric of Bank of England Governor Mark Carney. The minutes of the BoE's recent policy meeting contained some notable tidbits, including the fact that labor market slack was evaporating faster than expected. The slew of good UK economic data has given investors a little hope that the recession isn't as severe as many had previously thought. On the other hand, the release of a new survey of retail sales and distribution trades weighed on household spending power.

The Pound also got a lift from the release of a PMI reading that beat expectations. While the figure was a bit sluggish, it was the most significant number printed in the report. The underlying sentiment of the UK retail sector was bleak, with signs that consumer spending is slowing and the cost of living crisis is taking its toll on household spending. This could be a headwind for the Pound.

While the British pound has been consolidating against the US dollar for the past few weeks, there are signs of weakness. The GBP/USD currency pair is currently trading around US$1.2068, which is below its seven-week high. In the coming weeks, it will be a battle of interest rates between the two nations. With the US economy showing signs of sluggishness, the likelihood of a strong US Dollar recovery is bleak. A break of the 1.23 handle and a move to 1.24 would be required to drive prices higher. The next leg of the directional move will likely depend on the usual Weekly Initial Jobless Claims data due early next week.

The Fed's most recent meeting minutes did not do the British pound any favors. The FOMC noted that "there is little reason to expect a substantial improvement in inflation over the near term," but that the Fed is considering easing rate hikes in order to preserve the "strength of the labor market and financial conditions." The Fed is also keeping a close eye on the US housing market, which is back in the spotlight after a couple of years of a slowdown. This could spell trouble for traditional carry currencies like the pound.

In terms of the 'big three' FX indicators, the Pound is at the bottom of the pack. While the US is the biggest currency by market capitalization, the euro has been the king of the hill since the turn of the century. The British pound is lagging behind its peers in terms of the GDP growth rate and the unemployment rate.

Warning: Undefined array key 0 in /mnt/data/www/kenyapalacio.com/wp-content/themes/consultup/functions.php on line 229
Your SaaS setup could be a major security risk to your business

Your SaaS setup could be a major security risk to your business

Your SaaS Setup Could Be a Major Security Risk to Your Business
Your SaaS setup could be a major security risk to your business
Cloud-based software is an innovative delivery model that makes it easier for businesses to access applications over the internet. Rather than developing and installing the software, it is delivered on a SaaS platform by an independent software vendor (ISV). This eliminates the need for businesses to build specialised applications or develop workforces that are specialized in specific tasks.

It is also convenient and cost-effective, making it a great choice for small and medium-sized businesses. It can be accessed on any device with an internet connection and it is backed up to prevent data loss.

However, your SaaS setup can be a security risk if you don't keep it up to date and maintain it properly. This is especially true if your company has sensitive data that needs to be protected against Data breach and misuse.

Misconfigurations of SaaS security settings are a major cause of cyberattacks, and a recent survey from the Cloud Security Alliance revealed that 63% of all security incidents are caused by misconfigurations in SaaS. These misconfigurations include allowing too many people to access a cloud application, and implementing identity and access management incorrectly.

This can lead to the unauthorized access of confidential information and the theft of personal details such as social security numbers. This type of attack is a prime example of why business leaders should implement identity and access management correctly to protect their company’s valuable data from threats.

A good identity and access management solution will provide strong authentication and allow you to control who has access to certain parts of your system. This is especially important when you are using multiple different applications or services, such as a customer relationship management (CRM) or an employee database.

If your company is using a SaaS tool for managing payroll, it is essential to ensure that the provider provides sufficient access permissions and user authentication. This will prevent hackers from stealing confidential data and gaining access to sensitive information without your knowledge.

Identify how your SaaS data links to other internal applications and business processes, and conduct regular security audits on your entire IT infrastructure. This will help you spot potential vulnerabilities and take the necessary actions to fix them.

The security risks associated with your SaaS setup are serious enough that you should consider using a high-end risk management tool to ensure that your sensitive data is secure and that it is only accessed by those who need to see it. This can be done through a third party or through a SaaS tool that includes an advanced risk management feature.

In addition, you should regularly perform backups to make sure that your data is always safe. This will save you time and money in the event that your data is stolen or destroyed by a hacker.

Despite all of these factors, it is important to remember that your cloud-based software is still subject to cyberattacks. Your business could lose a lot of money and reputation by not taking the necessary precautions to protect your SaaS tools from Data breach. You need to ensure that your cloud-based solutions are kept up to date and that you have a dedicated IT team that is constantly monitoring the way your data is being stored on these tools. This is just as important as monitoring your other IT systems, and will keep you safe from a Data breach.

Warning: Undefined array key 0 in /mnt/data/www/kenyapalacio.com/wp-content/themes/consultup/functions.php on line 229
British Pound Forecast: GBP/USD Looks to UK Inflation Data for Directional.

British Pound Forecast: GBP/USD Looks to UK Inflation Data for Directional.

GBP/USD Looks to UK Inflation Data for Directional Outlook
GBP Forecast: Looking to UK Inflation Data for Directional Outlook
The British Pound is expected to stay in a tight range versus the US Dollar this week as investors continue to weigh monetary policy decisions by the Bank of England. This week, market watchers will pay particular attention to UK inflation and unemployment data as well as other economic data from around the world.

Inflation: The Biggest Driver of GBP Currency Forecasts
The main driver of the value of sterling has been UK inflation, which can be viewed as a gauge of how strong the economy is growing. The pound usually falls when there is a decline in inflation, and it usually rises when the economy gets stronger.

Inflation rates have stayed low since the financial crisis of 2008 and are expected to remain there for quite some time. However, the Bank of England is considering a Quantitative Easing (QE) program to increase the money supply and help stimulate growth. This can have a significant impact on the pound, especially since the UK's economy is still very vulnerable to slowing or collapse.

Expectations for UK Inflation: The underlying UK inflation rate is expected to fall slightly in December, which could alleviate recession fears and support the pound. A rise in wage growth may also help bolster expectations for the Bank of England to hike interest rates in the future.

US Inflation: The next round of US inflation data is set to be released this week, and the results are expected to be slightly lower than last month's numbers. This is expected to boost Treasury yields, which will increase demand for the pound and support the GBP/USD exchange rate this week.

UK Employment: The latest UK employment data showed a smaller than expected fall in jobs for November, pointing to continued resilience in the labor market. This data could also support the BoE to raise interest rates before the Federal Reserve, which could increase demand for the pound.

The pound was on a tear this past week, with the GBP/USD pair trading at its highest level against the US dollar since early December. However, a weaker-than-expected reading in UK industrial production and manufacturing output weighed on the Pound.

Traders were also awaiting the UK CPI report for further clues about the Bank of England's monetary policy plans. The January report was expected to show that the Bank of England would continue to hike interest rates until it saw inflation drop back to its 2.0% target.

The Bank of England has already boosted interest rates twice this year, and it is likely to hike another 25 basis points in March, which could push the Bank Rate up to 4% by the end of the year. However, if the rate rises above 4%, the Bank of England could consider cutting rates again in the future to reduce the risk of a recession.

Warning: Undefined array key 0 in /mnt/data/www/kenyapalacio.com/wp-content/themes/consultup/functions.php on line 229
Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive

Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive

Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive
Euro Forecast: USD Controlling EUR/USD Price Action Dismissive of Positive
The USD has gained a bit of momentum over the past few months as it continues to trade softer against the European currency. This has been driven by easing inflation in the US and a softening of interest rate hikes from the Federal Reserve. This is proving to be a good combination for the EUR/USD and its traders.

Despite this, the Euro is still down 6% year-to-date and trading around the parity level at the start of 2022. The Euro to Dollar exchange rate is largely controlled by factors such as interest rates, unemployment, inflation, jobs data and capital flows. However, a large part of the pricing is also related to 'event' risks that cannot be gauged in advance.

EUR/USD - Price Trend on D1 Chart: Upwards
The euro has been in a long-term bullish trend since the start of 2017 but has been struggling to break above the 1.04 mark, with the recent bounce above the 1.06 level offering some upside resistance for the pair. The Euro to Dollar exchange rate could strengthen further if the Dollar weakens even further and Euro strength continues.

EUR/USD - Price Action: Dismissive of Positive
The Euro is under pressure from a range of risks. A key factor weighing on the European currency is Russia’s decision to shut off the Nord Stream 1 pipeline, which effectively cut off the continent’s main energy artery and exacerbated the region’s economic crisis. This, combined with a global recession that is expected to be much slower than previously forecast, has pushed the euro below parity against the USD in September.

In response to this, the ECB lifted interest rates by 50 basis points in December and reaffirmed its commitment to hiking them further. These factors have been a big contributor to the EUR/USD strengthening, with the euro gaining 9% so far in 2019.

Looking forward: The next few months are likely to see a lot of uncertainty. The EU economy is expected to contract in both the current quarter and the following one, mainly due to higher uncertainty and tighter financing conditions.

There are also fears that the global economy may slow further if the Chinese government decides to implement its zero-Covid policy, which would stymie the country’s growth potential. Despite this, the euro remains strong thanks to the continued weakening of the greenback and its ability to serve as a safe haven.

Moreover, the Chinese economy is expected to re-open after the Lunar New Year in late January. This could help support demand in the Chinese economy which will offset a slowing US and Europe.

The Euro to Dollar exchange rate is a very complex market to predict and it can be difficult to predict where the exchange rate will go in the long run. This is because there are so many moving parts, such as 'events' that can affect the exchange rate. This means it is important to use the latest market data and technical analysis to make a forecast of the EUR/USD rate.

GBP Breaking News: Pound Undeterred by UK GDP Beat Due to Strike Action

The British pound exchange rate has gone on a roller coaster ride in recent months. It has fallen to a new low against the dollar, hit a record low against the euro, and risen to an all time high against the yen. But the pound is still under pressure, and analysts say it's likely to remain vulnerable to further losses.

Britain's economy has fallen into recession. In the third quarter of 2017, UK GDP declined 0.2%. And UK unemployment has been rising. Although the government's Growth Plan includes ambitious plans to cut taxes, it may not be enough to revive the economy.

Since the Brexit vote, the pound has been driven down by falling economic data, aggressive Bank of England interest rate hikes, and increased borrowing costs. In fact, UK household debt reached 420% of GDP in 2011. This is the highest level since the financial crisis in 2007. If a recession were to develop, the cost of insuring government debt would rise to the highest level in more than two decades.

The pound fell to a 37-year low against the dollar on Friday. That's down from a high of $2 in 2007 before the financial crisis. As a result of that, the Bank of England raised the Bank Rate by 75 basis points. A key policy decision is set for next week. Whether the BoE hikes rates again is unclear.

In the third quarter of 2018, UK inflation accelerated to its highest levels in over 40 years. It reached 10.1%, and consumer price inflation is expected to peak at around 11 percent in the current quarter. At the same time, government borrowing rose to a record level.

The Office for National Statistics reported that retail sales in August fell 1.6% month over month, and the Confederation of British Industry found that retail sales fell by more than expected. Meanwhile, oil prices further impacted manufacturing profitability.

In response to these issues, the Bank of England has been aggressively hiking interest rates to control inflation. However, it's also faced the difficult task of determining what to do with the resulting borrowing costs. These rates may have to be hiked even higher, which could push the pound lower and make imports and exports more expensive. Ultimately, the Bank Rate is a key determinant of where the pound will settle, but a weaker pound can make inflation control harder.

Britain is a founding member of the G7 and the Organization for Security and Co-operation in Europe. In addition, it is a founding member of the Asian Infrastructure Investment Bank. While the country has been able to weather the Great Recession, it is now facing a self-inflicted financial crisis.

Last week, the Bank of England announced that it was increasing interest rates by a total of 75 basis points. It also said that it expected the rate to stay above 11 percent for several months. During that period, the Bank of England expects to see a slow recovery from recession.

EUR/USD Clears October High to Eye September High

During the past month, the euro to US dollar exchange rate has risen close to 5%. This is on the back of moderately improved economic sentiment in the eurozone. Nevertheless, concerns over a recession in the eurozone and Russia's uncertainty about its energy supply continue to weigh on the euro.

Earlier this month, the euro fell to a two-week low against the dollar after the European Central Bank raised interest rates to 1.25%. The ECB reaffirmed that it would continue to raise interest rates until they reach 2% in 2025. Nevertheless, speculation has been circulating for a smaller hike than expected, causing the euro to recoup some of its losses.

Aside from the ECB, the other major player driving the EUR/USD rate is the Federal Reserve. With the Federal Reserve raising interest rates for the first time in a decade, the greenback has become a haven for investors in times of economic uncertainty. However, with the US Consumer Price Index (CPI) likely to show slowing inflation in October, the Fed may shift its strategy from tightening monetary policy to fostering soft landings for the economy. This may keep the EUR/USD from falling too much.

Earlier this month, the euro to US dollar exchange rate briefly touched parity. This is a level of convergence that has not been reached in a few months. This was the first time that the euro has traded at this level since mid-2018. However, it may not be the last. Traders should keep in mind that past performance is not a good indicator of future results.

The euro to US dollar exchange rate has risen a significant amount since the end of September, when the euro briefly fell below the level of parity with the dollar. In fact, it has rebounded from its low on 16 September. Traders should note that the euro may not reach parity until it reaches a new monthly high. If it does, traders will have an opportunity to create a profitable trade by examining how the market reacts to technical strategies.

In the past week, EUR/USD broke out of a three-month long downslope resistance trendline, drawn from its October high. The euro may have more room to go if it can clear the psychologically important figure of $1.0198.

If the euro breaks out of its current downtrend and moves above its September high, traders may consider a move towards the 1.0220 area. On the other hand, if it fails to do so, traders may consider a move towards the 1.0370 region. This area largely lines up with the 1.0369 high of August.

If the euro breaks out of its downward trend and moves above its September high, traders may think about creating a trade that includes the upcoming Consumer Price Index data. However, the inflation rate in the eurozone could exceed expectations and thereby weaken the outlook for the region's growth. This could put pressure on the European Central Bank to further increase interest rates.

Useful Information About the Rules of Trading in Forex in Kenya

When you are thinking about trading in Forex in Kenya, you need to know the rules and regulations governing the industry. These rules include taxation, brokers and regulations. However, you also need to know about the customer service. In this article, you will learn how to choose a broker and what to look out for.


The new Kenyan forex regulations came into force on the 25th of August 2017. They are designed to protect the interests of investors and create a friendly environment for online trading. One of the most important changes is the requirement for forex brokers to hold a valid license in the country. If they do not, it is illegal to trade on their platform. Forex brokers in Kenya are regulated by the Capital Markets Authority. Traders must open their accounts with a CMA-regulated broker to make sure their funds are protected. If your broker goes out of business, you can get compensation up to Kes. 50,000 if you have invested your money through them. There are six CMA-regulated brokers in Kenya: EGM Securities, Scope Markets, Pepperstone, HotForex Kenya, Windsor Markers, and M-Forex.


If you are planning to trade in the Forex market, it is a good idea to know about the Kenyan regulations first. This will help you avoid unnecessary expenses and risky investments. Kenyan brokers are regulated by various top regulatory bodies, including the Cyprus Securities and Exchange Commission (CSEC) and ASIC (Asia Pacific). They offer a variety of trading instruments and features, including innovative tools and valuable research. Some of them even offer educational resources to help beginners. Lastly, they provide a number of perks, including a freeze on trading fees, low minimum balance requirements, and great customer service. The currency exchange in Kenya is regulated by the Capital Markets Authority (CMA). The Central Bank of Kenya may also implement its own local regulation. Before choosing a broker, be sure to check the CMA's criteria.


If you are thinking of entering the world of Forex trading in Kenya, then it's essential that you understand the rules and regulations. The first rule is that you can only trade in a currency that is recognized by the Kenyan Central Bank. Other countries may allow you to trade in a foreign currency, but if you want to use a Kenyan currency, you must be a resident of the country. There are a few exceptions to this rule, so you should check with your banker or tax advisor before you start trading in a foreign currency. If you want to trade in Forex in Kenya, you should look for a broker that is registered with the Capital Markets Authority. This agency is a respected regulator and has strict laws in place. The Capital Markets Authority has overseen the launch of many complex financial products on the Nairobi Stock Exchange, including the foreign exchange market. In Kenya, there is no maximum leverage allowed for Forex trading, though some of the best brokers offer up to 400:1 leverage. If you have a large sum of money, you should consider opening a trading account with a broker that is regulated by the CMA. The CMA also does not require Forex brokers to provide you with a deposit protection plan. This can be a concern for retail investors in Kenya.

Customer service

If you are considering putting your money on the Forex market, it is a good idea to get all the information you can about the different rules and regulations that govern Forex trading in Kenya. Firstly, you should always ensure that your broker is regulated. Then, you should consider the different types of accounts available, such as ECN accounts, cent accounts, and Islamic accounts. Depending on your preferences, you can choose from a variety of currency pairs and account types. The foreign exchange market in Kenya is regulated by the Capital Markets Authority, which ensures the safety of your money. Traders should ensure that they choose a broker that is regulated by the CMA. By doing this, you can be sure that your money is safe and will be returned to you if your broker goes out of business. There are six CMA regulated forex brokers in Kenya.

Minimum capital requirements

Foreign dealers who are registered in Kenya must meet the capital requirement of Sh50 million to be eligible to trade in the Kenyan forex market. Moreover, these foreign dealers must be regulated by the Capital Markets Authority. As a result, traders should only patronize forex brokers licensed by the Authority. This is crucial for the protection of investor funds, as unlicensed forex brokers can impose great risks to traders. There are a number of brokers in Kenya that offer different account types. These brokers offer different features and the minimum balance for an account will vary. Some brokers accept only cent accounts, while others offer ECN or Islamic accounts. Most brokers offer these account types and have varying capital requirements. Some brokers require only a small deposit, while others require a minimum of $500 to open an account. While this amount is low, it still allows traders to open sizeable trading positions and make profits.

Spot Metal Market in Kenya

Kenya has recently introduced a new spot metal market that is designed to provide a safe haven for scrap metal. The metals included in this market include gold, silver, copper and iron ore. However, traders have been complaining about the regulations and hefty fees. In an effort to curb the problems, the government is establishing a multi-agency vetting team that will examine each application. The team will be headed by a county commissioner.


In terms of value, the spot metal market for silver in Kenya is worth $X, a figure that includes both wrought and unwrought silver. It is a market that reflects the total revenues from producers and importers, excluding the cost of logistics and retail marketing. It also includes the margins of retailers. While the market is relatively small, it is expected to grow at a rate of approximately X percent a year.


The price of copper is a sensitive commodity, and the price fluctuates according to a number of fundamental factors. These factors include the state of the economy, potential supply issues, and the housing market, among others. In times of strong economic growth, demand for copper can increase due to infrastructure developments. However, during times of economic decline, projects requiring large amounts of copper may slow down or fail.


Kenyan investors can now participate in the international gold spot metal market through the Standard Investment Bank. The bank has a money manager licence from the CMA, which allows it to invest and trade commodities on behalf of clients. The bank requires a minimum deposit of Sh250,000 for a transaction to be completed. However, local investors must still purchase gold and silver in physical form or use offshore dealers that are not regulated by the Kenyan government.

Precious metals

The spot precious metals market in Kenya is a popular place for people to buy and sell precious metals. Prices can fluctuate widely depending on the demand and supply of the metal. The last quarter of the year sees a surge in demand around holidays and festivals around the world. This also results in higher prices.

Scrap metal exports to India

Kenya exports 13,000 tonnes of scrap metal every year and an average of 1,083 tonnes per month. The majority of Kenyan scrap metal exports go to India, with the United Arab Emirates and Thailand following close behind. Kenya exports a very small amount of scrap metal to Rwanda.

Scrap metal theft

Scrap metal theft is a major problem in Kenya, but the government is attempting to curb the problem by imposing a ban on the scrap metal market. The ban, which came into effect on 20 January, aims to stop thieves from destroying the country's public utilities, road and rail infrastructure. Unlicensed traders face hefty fines and even jail sentences. They are also required to carry a license copy on their vehicles.
  • #