Weak Shilling News Today

The depreciation of the Ugandan shilling against global currencies, indicates economic challenges and the risk of debt distress for the country

Kenya’s public debt shot up by $13.3 billion in the year ended December 2023.

External loan disbursements, exchange rate fluctuation and domestic debt uptake cause increase.

While he would like us to believe that a weak shilling is good for the country, the opposite is true as the cost of production has increased.

A depreciated shilling pushes up prices of imported goods and services, leading to a rise in the cost of living

Why coffee is Kenya’s worst-performing export commodity despite weak shilling

The State’s nod to hive off Sh270 billion of planned deficit financing from domestic borrowing to external borrowing is ill-advised.

The new Central Bank chief who took office on Monday, has a full in-tray—weak shilling, low forex reserves and inflation

Kenya’s dollar millionaires stood at 7,700 in 2022, a sharp drop from 8,500 in 2021.

Food and fuel prices could go higher on account of local and international events.