We can import those electric cars from Uganda-it's brilliant. But u have gud ideas. We have no value add here; hardly consume any local product.

Perhaps we need to put more energy infrastructure on BOOT so that private investors could fund infrastructure with FDI. It shouldn't be hard for ADB to raise funds for clean energy projects here. Geothermal potential is high.

One question though... i'm curious, what's the significance of 100?

I don't know what thinking people do here, expensive oil+weaker shilling=more expensive fuel at the pump=inflation=high interest rates, such is the ripple effect of a weaker KSH, CBK should not let up with the tightening...if people stop importing while exports continue the current a/c deficit will shrink & the KSH will strengthen...inflation will fall..btwn the current tightening is short term...CBK should do anything to strengthen the KSH

@the deal naturally any country like kenya that is emerging from developing to developed has to have a huge import bill because of fuel, infrastructure, technology etc. This is inevitable.
It is up to the treasury to ensure supply of exports increase to match the import bill and stabilize the shilling..

What would you prefer a weaker shilling or economic stagnation?
we will definitely get hit by one but

@guru67. The lesser of two evils is compromise on the value of the shilling? I would disagree. Yes we're facing supply shocks indeed, but market sentiment is compounding those shocks further... these are secondary effects which delay the readjustment... and lead to other unintended consequences.

KES is not just a number...it carries meaning in ur mind... the situation precipitated from simple fundamental to speculative... every1 knows we need to import more fundamentally... I asked a question above, what's the significance of 100... it's all psychological. There's no significance (doesn't matter what tech charts say). So the CB must create the impression in people's minds and that's what he's done.

This has been driven by money liquidity, it's just that the bankers decided to start lending to private sector. Without liquidity we wouldn't have imported period. We have overinvested in infrastructure (doing too much too fast) to the extent that we can't borrow more cheaply and our savings are being depleted. We need to create inventory with what existing infrastructure we have and value add to be competitive. We must open doors for investors to innovate especially on energy infrastructure...

u balance the equation by attracting FDI to infrastructure projects and not just accumulate public debt. We can generate economic growth in many ways, both the public and private sector can do this, but there's only a few ways of stabilizing a currency. The solution is not to inflate (through expansionary policies) but to innovate (e.g.,mpesa)... imho that's how u get to widen ur export base and get Kenyan to consume the products they produce.

As we stand now Monetary Policy is the quickest response we have as fiscal policy has a lag, e.g import substituiton, more geo.thermal, wind, irrigation, fuel blending e.t.c