Deteriorating shilling

The stability of the Kenya shilling is seemingly hanging in the balance with the shilling tanking further, with each passing day against the US dollar. It is this volatility that has the manufacturing sector worried about the operating environment in the country arguing that if a solution is not found to stop the free fall, Kenya could be rendered unattractive for business. But just what happened to east Africa’s dominant currency? Jimmy Mbogoh spoke to market experts to understand some of the intrigues and what it will take to stabilise the shilling and restore its dominance in the region.