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IMF inflows ease pain for importers, lifts shilling

Treasury Cabinet Secretary Amb. Ukur Yattani. [File, Standard]

What has been a source of anger for most Kenyans on social media concerning the government’s huge appetite for loans is turning out to be good news for importers.

The disbursement of the Sh33 billion by the International Monetary Fund (IMF) has injected some life into the Kenyan Shilling, easing the pain for traders who use foreign currencies to buy goods and services in the global market.

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