The shilling has performed better against the dollar this year compared to key regional trading partners, potentially hurting export earnings from these markets. PHOTO | SALATON NJAUThe shilling has performed better against the dollar this year compared to key regional trading partners, potentially hurting export earnings from these markets. On the other hand, the Uganda shilling has depreciated by 0.2 per cent to the dollar this year, the Tanzanian shilling by 1.8 per cent, the Egyptian pound by 11.9 per cent and the Rwanda franc by 5.9 per cent. Kenya’s key export destinations in the region include Uganda, Tanzania, Rwanda, Egypt, DR Congo, Somalia and South Sudan. Among African countries, South Africa was the biggest source of imports for Kenya in the first five months of the year at Sh18.3 billion.

Source: The North Africa Journal August 16, 2016 18:56 UTC