The World Bank warns of strong Kenyan shilling
A steady inflow of investors’ dollars in the past 10 years has strengthened the shilling but it has also exposed the economy to external shocks while making exports more expensive according to the World Bank. An analysis by the Bank shows that the Kenyan shilling has gained by more than 34% in real terms over the past decade. Foreign investor interest in Kenya has mainly been through the Nairobi Securities Exchange, mineral exploration, opening of companies and regional offices.
