Kenya shilling hits strongest level in nearly two years

Leo Uhuru alikuwa anawashawishi investors U.K sisi tuko bize kutafuta 1.5 tril iliyopotea kwa mazingira yakutatanisha.

Hongereni Kenya sisi wajasiria Mali mnatuvutia sana kuja kuwekeza huko.
 


Your stupid post is full of mipango mipango mipango. Give us the real facts or get a pillow.
 
Yani wewe ni mjinga kiasi hiki
 
Thats bulcrap, goods produced locally are sold using local currency so thats internal. So if you were industrialising to produced goods for the local market then you dont need to lower your currency against the dollar. There are other incentives for that like reducing charges and taxes for local industries... Lowering currency only affects you when you exportor import , thats why we call it "foreign exchange! ". And right now Tz imports more than it exports, at what cost does every importer have to pay
 
I will give you 1 example
Tanzania saves trillions after moving to natural gas
This is import substitution for Dollar imported Crude oil. JPM has been so agressive that many industrial plants e.g Azam & Dangote are switching from petroleum to gas. A high exchange rate provides motivation for industries to "substitute" what they have been importing with local alternatives and save their valuable dollars for other equipment/materials not locally available
 
You clearly did not understand what thisdayes said. A weak Currency Favours exports, a Strong currency Favours imports. Tz is Fast moving towards import substitution and focus is on exports.
You need some schooling
Sure i think they missed a point, developing countries like ours in EAST have to appreciate their currency only strategically, as doing so can cut down trading routes with other markets due expensive exports.

Other wise, the best option is to use a regulated devaluation that caters the need of the economy.
 
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