QuidMetrics

Shilling weakness may push up import costs

Experts warn currency depreciation could increase prices for machinery, electronics and raw materials.

The Kenyan shilling is expected to weaken in the coming week, potentially raising the cost of importing key goods, according to expert warnings. The anticipated currency movement could drive up prices for machinery, electronics and industrial raw materials brought into the country.

Weaker exchange rates typically mean businesses pay more in shilling terms for goods priced in foreign currency, passing higher costs through supply chains and eventually to consumers.