Why flagging shilling keeps me awake at night

Inflation is the public enemy number one. The weak shilling could be a reflection of political uncertainty. [iStockphoto

As a schoolboy in the early days of the late former President Daniel arap Moi's reign, I recall seeing a headline in one of the dailies: "Shilling devalued by 25 per cent."

That was in the days of the fixed exchange rate.