A drop in the value of the Euro and Sterling Pound has taken a toll on Kenya’s exports to the European Union (EU) pushing the country’s revenues down by Ksh 20 Billion which is 9 per cent of the total revenue.
Britain’s Pound fell from highs of Sh140 to one pound to the current Sh127 to one pound hurting the earnings of Kenya’s exports to the UK. The Euro has equally depreciated against the dollar and the shilling to Sh117 currently.