While importers in the East African region have been struggling with a dollar shortage that has pushed up the cost of basic commodities, Kenya’s tea exporters have been among the beneficiaries of the country’s a weak shilling, earning more than $1.32 billion (KSh171.7 billion) from the commodity.
The Tea Board of Kenya (TBK) said the country reported an increase in shipments to $1.07 billion (KSh139.21 billon) last year. And due to a weak shilling, the average price of the leaves at the Mombasa tea auction jumped 18.6 percent to an average of $2.49 (KSh324) per kilogram last year.
