Kenya Shilling Could Hit Ksh168 as War Fuels Dollar Surge - March 2026

The Kenyan Shilling is facing significant pressure and could plummet to Ksh168 due to the ongoing Middle East war, leading to a surge in the U.S. dollar and increased cost of living. The Embassy of Iran in Nairobi has strongly refuted claims that a crisis in the Strait of Hormuz will lead to increased fuel prices in Kenya. Meanwhile, Kenyan flower exporters have suffered financial losses amounting to $4.8 million due to the ongoing conflict, which has disrupted critical air cargo routes. The World Bank Group has pledged financial aid and support to vulnerable countries, including Kenya, facing fuel and fertilizer shortages exacerbated by the ongoing Middle East war.

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Kenya Shilling Could Hit Ksh168, Economists Warn as War Fuels Dollar Surge

The Kenyan Shilling is facing significant pressure and could plummet due to the ongoing Middle East war, leading to a surge in the U.S. dollar and increased cost of living.

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