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allafrica - 12 days ago

Kenya: Export-Led Growth, the Cure to Kenya s Currency Devaluation

[Capital FM] Kenya finds itself at a crucial juncture in its economic trajectory. The Kenyan shilling (KES) has experienced significant depreciation against the United States Dollar (USD) and other major world currencies in recent months. For the first time, the KES has hit a record high of KES.160 to the USD. Equally, the KES has lost value against its East African sister nations currencies, Ugandan Shilling (UGS) and Tanzanian Shilling (TZS).


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