Kenya Headed Zimbabwe Way. Landlords Demand Rent In Dollars As Shilling Plummets

With the Kenyan Shilling depreciating against major currencies including the United States Dollar, many business people are finding ways to cushion themselves against eventual losses.

In particular, a section of landlords in Nairobi have started demanding rent payments in Dollars as the Shilling continues to show signs of volatility.

It was noted that most landlords asking for rent in dollars have their properties located in affluent neighbourhoods including; Westlands, Karen, Gigiri, Runda, Kileleshwa, and Muthaiga among others.

#TOA NYOKA STATEHOUSE

Kila mtu atarudi kwao, now zile ghaseeer kama @kodiaga with many thousands in acc but zero land mtalijua jiji mbwa hizi :green_emoji:

We’re going to be like Burundi or parts of DRC where the US small denominated bills are used by almost everyone even Kwa kiosk…note zimechoka ajab.
And nimeona sale agreement ya ploti mahali iko in US$ .

Niko Na kwetu Bungoma Kwanza sahii mvua imenitandika nikiingisha vifaranga Kwa nyumba