Excessive imports to hurt EAC currencies, experts warn

Inflation slowed for the 11th consecutive month last month, giving room for CBK to cut its prime-lending rate by 200 basis points to 11 per cent from 13 per cent in September.  [PHOTO: MOSES OMUSULA/STANDARD]

By James Anyanzwa

Currencies in the East African trading bloc are poised to come under immense pressure in the coming months, as member States import more goods and services than they export.