Ugandan importers reap from weak Kenya shilling

A goods truck at the Kenya-Uganda’s Malaba border point. PHOTO | FILE | NMG

Ugandan traders are reaping from the depreciating Kenya shilling, pushing the the value of Kenya’s exports to Uganda to Ksh100 billion mark ($614 million) for the first time.

Official data shows that Kenya exported goods valued at Ksh105 billion ($644 million) to Uganda in the year to November last year, a period that saw the Kenyan Shilling lose 17.45 percent of its value against the Ugandan shilling.