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Kenya: Looming Job Losses as U.S. Dollar Shortage Bites
Capital FM, 7 June 2022
Concerns have been raised that the dollar shortage in Kenya could trigger job losses as more manufacturing firms may be forced to shut down or suspend operations as they try to… Read more »
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Kenya: Kenyan Manufacturers Urged to Reduce Import Bill Amid U.S. Dollar Shortage
Capital FM, 7 June 2022
Kenyan manufacturers have been urged to reduce their import bills and incorporate locally produced products into their business model in the wake of the US dollar shortage which… Read more »
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Kenya: Pwani Oil Shuts Down Plant, Suspends Operations Citing Dollar Shortage in Kenya
Capital FM, 6 June 2022
Pwani oil, the manufacturer behind the Salit Oil, Mpishi Poa, and Fresh Fry cooking oil products has announced the temporary halt of its operations citing among others the dollar… Read more »
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Kenya: Kenya's Business Confidence Hits Record Low as Election Nears
Capital FM, 6 June 2022
Kenya's business confidence continues to decline two months before the General Elections scheduled for August 8, the Stanbic Bank Purchasing Managers' Index (PMI) has revealed,… Read more »
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Kenya: Kenya's Dollar Shortage a Serious Threat to Manufacturing Sector, KAM Warns
Capital FM, 31 May 2022
The Kenya Association of Manufacturers has warned that the ongoing dollar shortage in the country poses a serious threat to the sector members who rely on dollars to import key raw… Read more »