The shilling has strengthened to below 100 units to the dollar for the first time in 10 months, yielding gains for consumers who are set to feel an ease in the cost of goods and services but loading pain on exporters who will get less earnings from their sales.
The Kenyan currency breached the psychological 100 units to the US dollar in Thursday’s trading, buoyed by continued heavy foreign exchange inflows that are outweighing demand.
