Never A Bad Time To Invest

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Greetings from National Bank of Kenya.

It is our hope that you and yours are staying safe during these challenging times of the COVID-19 pandemic.

Whilst economic activity is depressed globally, this does not mean that there are no opportunities. Every dark cloud, it is said, has a silver lining.

Probably, one of the questions on your mind is whether or not to invest during such uncertain times. Our take is that there is never a bad time to invest.

Living in the diaspora, you are at a unique advantage during this period with the Kenya Shilling weakening against the US Dollar. At bare minimum, this means more gains on your every time you remit funds into Kenya in foreign currency. You have the option of holding the funds for you as bank deposits, if your investment plan is accumulating savings at home as we await economic recovery.

You can also redirect your funds to investment classes that have remained largely unshaken by the current economic turbulence, such as Treasury Bonds, which remain a risk-free investment at very attractive rates, even during this turbulent times. At National Bank, we currently offer a yield rate of 8% after costs and taxes for amounts invested into Treasury Bonds. While bonds are long term investments, they have the advantage of being easy to liquidate, and high yielding.

We are also at hand to offer further advisory services on investment and answer any related questions. Together, we can work on an investment plan. Call on us at any time. You can also reach us on diaspora@nationalbank.co.ke. We are happy to guide you through investing locally while you earn abroad.

Diaspora Team

National Bank of Kenya

Diaspora
Forex
  • USD: Buying: 104.65 , Selling: 118.75
  • EURO: Buying: 118.65 , Selling: 137.15
  • Sterling Pound: Buying: 139.90 , Selling: 161.61
  • Canadian Dollar: Buying: 80.72 , Selling: 92.82
  • Australian Dollar: Buying: 73.52 , Selling: 85.68
  • Swiss Franc: Buying: 110.01 , Selling: 125.60
  • Japanese Yen: Buying: 0.8766 , Selling: 1.0317
  • Swedish Kroner: Buying: 9.212 , Selling: 15.736
  • Norwegian Kroner: Buying: 9.628 , Selling: 15.480
  • Danish Kroner: Buying: 14.342 , Selling: 18.582
  • Indian Rupee: Buying: 1.2426 , Selling: 1.7796
  • Tanzanian Shillings: Buying: 0.04335 , Selling: 0.05462
  • Uganda Shillings: Buying: 0.02648 , Selling: 0.03768
  • SA Rand: Buying: 5.2746 , Selling: 9.5225
  • Chinese Yuan: Buying: 16.025 , Selling: 18.845
  • UAE Dirham: Buying: 28.432 , Selling: 32.496
  • RWF: Buying: 0.0976 , Selling: 0.1609