Does this mean more purchasing power? USD/KSH

https://www.google.com/amp/s/www.bnnbloomberg.ca/kenya-shilling-soars-as-locals-ditch-dollars-after-eurobond-sale-1.2035190.amp.html

A $1.5 billion Eurobond placement by Eastern Africa’s second-largest economy was met with strong foreign-investor demand this week, easing concern about the repayment of a note due in June.

On top of that, foreign investors are snapping up the local currency to pay for 241 billion shillings ($1.6 billion) of local infrastructure debt sold on Wednesday. The central bank accepted bids for about three times the amount of notes on offer.

What does this mean for us Importers?

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Following closely…

Nabii amefanya

Speculators have started panic selling their dollars in reserve.
Looking back Ruto adviced everyone to sell their dollars some months back.

Believing in him can be traumatic coz he is a rabid lier

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Someone post Pauline Njoroge explanation on her version of what’s really happening