Market Report, "Home Care in Kenya", Published
The depreciation of the value of the Kenyan shilling has resulted in imports, especially those which are priced in US dollars, becoming more expensive. Added costs are being pushed onto consumers in the form of increased retail prices which are further fuelling inflation. Furthermore, the Central Bank of Kenya has raised interest rates in a bid to save the currency, which has reached an all-time low of KES107 to the dollar. This has increased the cost of borrowing in the...
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