CBK boss Thugge put in a corner over weakening shilling

This came, as it emerged that Kenya's foreign debt had risen by more than Sh382 billion in the past four months of the 2023/24 financial year.

Public Debt and Privatization Committee Vice Chair Makali Mulu was concerned that that the Central Bank had partially abdicated its duty of advising the government on measures that needed to be implemented to strengthen the shilling and regularize the exchange rate.