The weakening of the shilling has increased Kenya’s dollar debt by Sh305.6 billion since the start of the year as the local currency yesterday hit a new historic low of Sh111.3 against the greenback.
Kenya owed $30.6 billion on December 31, which was Sh3.1 trillion when the shilling was trading at 101.25 and the same debt is now worth Sh3.4 trillion.
