Why Uganda’s weakening shilling could hurt Kenyan businesses
Originally published by People Daily — Read the original article →
Uganda’s rapidly weakening currency is emerging as a fresh threat to Kenyan businesses that depend on the neighbouring country as a major export market, raising concerns that local manufacturers could face declining sales, tougher price competition and delayed payments from customers across the border. The Ugandan shilling fell to a record low of 4,208.10 against […]