Friday, July 6, 2007

Kenya businesses say strong shilling is hurting them

(Reuters) - Kenyan companies say the strong shilling is hurting both exporters and businesses competing with cheap imports in the local market, with some saying the current exchange rate amounted to a national crisis.

In early May, Central Bank Governor Njuguna Ndung'u explained the strength of the national currency with a three-year financial boom and growth in sectors like agriculture and tourism.


Read more at Reuters Africa

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