Dollar shortage signals price hikes on local goods



Business Daily | by Elizabeth Kivuva


Manufacturing firms are facing challenges accessing dollars from local banks to fund capital goods imports, threatening product shortages which could push up consumer goods prices.

The Kenya Association of Manufacturers (KAM) said on Thursday that the lack of access to hard currency is negatively affecting their ability to settle obligations to overseas suppliers in a timely manner…

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here