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Why weak shilling failed to lift Kenya’s exports
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.
Kenya’s exports last year upset expectations by falling against what was a more than one fifth depreciation of the Shilling against major world currencies, including the US dollar, Euro and British Pound. A weaker
While the exports had been widely expected to grow, data from the Central Bank of Kenya, through 10 months to October 2023, shows total good exports fell by 2.1 percent to Sh978.7 billion ($6.104 billion) in the period.
