Tea and coffee exports earn Kenya $1.32bn
Exports of the two commodities gained from a depreciation of the Kenya shilling, which had lost ground to hit lows of $1.13 as at the end of last year.
Source: theeastafrican.co.ke
Stay updated with breaking news from Weaker Shilling. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Exports of the two commodities gained from a depreciation of the Kenya shilling, which had lost ground to hit lows of $1.13 as at the end of last year.
The Treasury has attributed the decline in the foreign assets to a reduction of CBK’s foreign currency reserves besides a fall in banks’ deposits abroad.