History paints bleak future for the shilling, with 100-plus level set to be ‘new normal’

The weakening of the shilling against the dollar over the course of the last decade — and especially the drastic drop in 2015 — has had an effect on every Kenyan in one way or another.

And now, with the US increasing its interest rates from a historic low of near-zero to 0.25 per cent last week, there are many questions, opinions and concerns on what will happen to the local currency.