Fresh pain for firms as Shilling plunges past 150 against dollar

A woman shops for second-hand shoes at a stall in Toi Market, Nairobi. Imports have become more expensive following the depreciation of the shilling against the dollar. [Stafford Ondego, Standard]

The shilling has hit a fresh all-time low against the dollar, worsening Kenya's foreign exchange crisis and causing a fresh round of pain to importers and consumers.

This is expected to trigger ripple effects throughout the battered economy, hindering the government's efforts to rein in the cost of living.