so today the kes traded at 83.10/20, the mof(ps kinyua) said they will not intervene...now this is rather worrying given that
1.crude is at that +100 usd/bbl price
2.the country is facing drought and might need to import food
3. the micro/sme sector will hurt from a weak exchange rate
4. the country will soon turn to fuel generators

...al this makes me wonder whether we shall hit the much touted 6pct growth level...pros and cons exist one could say..whats ur take good folks? is any wazuan hurting/gaining from such a weak exchange rate?

I have always been of the opinion that a successful Kenyan BPO sub-sector would be the silver bullet in stabilising/strengthning of our Kes with potential forex inflows larger than coffee,tea & tourism combined but all of a sudden the hype around it disappeard!! Plus when we get the BPO sector right we'd ride the global recovery and grow earnings YoY for the next 20yrs or so!! The pple responsible ought to read this...

Beneficiaries=exporters. Hope being an agric driven economy the cash will be enough to go around.

exporters DO NOT benefit from an overly weak ccy, please note that kenya is a net importer so unless u generate ur own energy and ride a bike as well as transport ur produce by bike...ur no better off than the rest of us...meanwhile mwananchi wa kawaida ataumia

Cant speak for everyone. I guess on AVERAGE it does not. The nature of the business probably matters. I would say it favors service exporters more than it does tangible product exporters.