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Kenya Shilling continues to weaken against the US dollar

Mount Equity Group Tokyo Japan > News > Markets > Kenya Shilling continues to weaken against the US dollar


Kenya Shilling continues to weaken against the US dollar

NAIROBI, Kenya – The weak Kenya Shilling against the US dollar is slowly pushing Kenya’s debt service towards a KSH 1 trillion mark. Currently, the Kenya Shilling is trading at KSH 130 against 1 US dollar. This has escalated the service debt by KSH 50 billion.

The National Treasury estimates that the country’s national service debt might hit the KSH 1 trillion mark this financial year and could double to KSH 2.1 trillion in four years.

These estimations further reveal underscore the growing burden on the budget, with National Treasury now saying…

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