The weakening of the Kenyan shilling has led to an increase in fruit prices along the Kenya-Uganda border. Various fruits, including watermelon, bananas, pawpaws, and pineapples, have seen price hikes. The depreciation of the Kenyan shilling against the Ugandan shilling has contributed to the increased costs of acquiring products from Uganda, impacting the fruit trade at the East African Community border. In towns like Malaba and Busia, the exchange rate is currently Sh24 for one Kenyan shilling against the Ugandan shilling, marking the lowest rate recorded, while selling at Sh25. This exchange rate has implications for cross-border trade and is influencing the pricing dynamics of imported goods, including fruits, along the Kenya-Uganda border.

Source: The Star November 17, 2023 13:06 UTC