Kenya: Weaker Shilling Boon for Flower Exporters

Cut flower exporters say the weaker shilling, which has depreciated against the dollar over the past few weeks, will shore up their earnings in the meantime. However, they say the gains are eroded by the higher cost of inputs, which they say are mostly imported.

Flower exporters are also bracing to start paying taxes in Europe from October as hope dwindles on the signing of an Economic Partnership Agreement between the EAC and EU trade blocs.

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