Dollar shortage hinders Kenyan firms’ expansion capacity
Kenyan firms have cited dollar shortage among a string of domestic challenges that have obstructed their expansion capacity and impacted revenues. PHOTO | SHUTTERSTOCK
Kenyan firms have cited dollar shortage among a string of domestic challenges that have obstructed their expansion capacity and impacted revenues.
This comes as the country’s foreign reserves hover below the statutory four months import cover, with the shilling plummeting to a record low of Ksh124 against the US dollar.
