The weakening of the Kenyan shilling against major global currencies has lifted the salaries of expatriates and made it easier for them to settle their expenses on the back of cooling inflation, increasing the attractiveness of Nairobi for them.
The Kenyan currency has steadily weakened against major world currencies since the year opened, hitting a record low of 147.36 to the dollar from 123.37 in January, reflecting a 19.4 percent depreciation that has handed an advantage to expatriates.
