Kenya’s Economy Struggles With Rising Inflation And Depreciating Shilling

Paul Manga, a subsistence farmer, slashes his withered maize crop that he will repurpose as animal feed following a dry season in some regions of the country. Kenya's inflation rate goes up to 6.8% causing a hike in fuel and food prices. JAMES WAKIBIA/SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES.

 Kenya’s economy has relatively gone low compared to 5 years ago in 2018 when the highest exchange rate against US dollar was 102.047 Kenyan shilling  and the lowest was 99.3857 shillings.

“The Kenyan Shilling has remained stable against international and regional currencies during the last of September, as of September 28 it exchanged US dollar at the rate of 147.94,” said the Central Bank of Kenya (CBK) in a weekly report.