The revelation that one of Kenya’s biggest edible oil manufacturers has suspended operations due to a biting dollar shortage is the latest indication that all is now well in the currency market. Pwani Oil, the maker of Freshfri and Fry Mate cooking oils, says it cannot source raw materials like palm oil for lack of dollars.
It is our prayer that industrialists do not follow this path given its implication on delivering job cuts in a setting where the economy is yet to recover from Covid-19 economic hardships.
