The Kenyan unit was exchanging at Sh147.26 against the greenback on Thursday, according to data from the Central Bank of Kenya (CBK), compared to Sh120.45 during the same period last year marking a depreciation of 22.2 percent.
Lower foreign exchange inflows and higher global interest rates are the key factors that will see the Kenyan shilling continue to lose ground against the US dollar, according to data analytics and intelligence firm Stears.
The Kenyan unit was exchanging at Sh147.26 against the greenback on Thursday, according to data from the Central Bank of Kenya (CBK), compared to Sh120.45 during the same period last year marking a depreciation of 22.2 percent.
