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Economists see shilling slide past 160, high prices
KWFT and the African Guarantee Fund have signed a Sh725 million risk-sharing partnership agreement to expand lending to women-led or women-owned small and medium enterprises in Kenya.
The shilling could slide to more than 160 units against the US dollar in the coming months, a new forecast by a majority of analysts and economists working with leading global banks, consultancies, and think tanks shows, a situation likely to exert renewed pressure on prices of goods and services.
The Kenyan currency has gained about 10 percent of its value against the greenback since it hit a record low on January 25.
