Brexit costs fruit exporters Sh8m a day as Pound hit

Britain’s decision to leave the European Union is costing Kenyan fresh-produce exporters Sh8 million a day because of the pound’s slump against the dollar, the head of the industry association said.

The British currency has weakened 12 percentage points against the dollar since June 23, when the country voted to end its membership of the trading bloc, known as Brexit. That’s hurting Kenyan shippers of fruit, vegetables and flowers to the UK, Fresh Produce Exporters Association of Kenya Chairman Dipesh Devraj said.