×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Export-led growth is the lasting cure to Kenyan currency's depreciation

Kenya Association of Manufacturers CEO Anthony Mwangi. [Courtesy]

Kenya finds itself at a crucial juncture in its economic trajectory. The Kenyan shilling has experienced significant depreciation against the United States Dollar and other major world currencies in recent months.

For the first time, the shilling has hit a record high of 160 to the dollar. Equally, it has lost value against its East African sister nations' currencies in Ugandan and Tanzania. This depreciation has brought economic challenges, driving up import costs of food, fuel, raw materials, and medicine, among many others.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Boxing
Boxing heavyweight Anthony Joshua hospitalised after fatal road crash in Nigeria
Motorsport
Why spectators will have even more fun in 2026 Safari Rally showdown
Volleyball and Handball
Women teams led the way with impressive show as men struggled
Football
Diallo strikes again as Ivory Coast and Cameroon share spoils in AFCON classic