Kenya Shilling Could Hit Ksh168, Economists Warn as War Fuels Dollar Surge
All eyes now turn to the Central Bank, with a crucial April 9 meeting of the Monetary Policy Committee expected to signal the direction of the economy...
✨ Key Highlights
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.
- The Kenyan Shilling traded at Ksh129.72 against the dollar on Thursday, down from Ksh129.30 on March 12.
- Experts from the Institute of Economic Affairs (IEA) warn the shilling could fall to Ksh160 by year's end.
- The conflict is causing disruptions in trade, with Kenyan exporters estimated to be losing about Ksh1.2 billion weekly.
Continue Reading
Read the complete article from Kenyans
Part of the Day's Coverage
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.
