How The Weak Kenya Shilling is Affecting Agriculture

The Kenyan Shilling is the worst performing currency in the world, shedding off over 22% year to date. This has been largely caused by a huge negative balance of trade and of course the usual speculators in the market who are short selling the shilling. Kenya is a net importer of goods hence the trade deficit and given the surge in crude oil prices, I believe we are yet to see the worst. Continue reading