This was expected....things will start becoming worse if it crosses the 90/-mark.

Back to the Nyayo era!

One more reason why UK is the man to beat up before 2012.

are there any economic fundamentals that have been messed up with to warrant this shilling weakening??

during moi era ('93 to 98) it leaped to past shs 100 mark, but it was being manipulated by moi era crooks...

=> and that is modestly put.

The cost of oil will still increase if this is the trend hence higher cost of doing business

Dont say that...there are fellows here defending that guy with their hearts and souls!

Even during the Moi error, the shilling never dipped below 100, not unless you are talking of the black market!

Instead of seeing only doom and gloom, why not invest in agriculturals which earn their income in foreign currency and hedge your portifolios?

90 was expected. ICC after the six, the US & Europe after drug & corruption money, war in Libya & Gaddaffi's 'friends & interests' in Kenya, China increasing African invesments(Kenya is hq to most of its operations around East, Central & Southern Africa) & last but not least elections. Many 'people' want a weaker shilling and i do believe it is pure manipulation coz some huge amount of dollar might be coming in or is already in.
For sure Central bank could have averted this crisis early enough as we are net importers. Some personal interest is being fulfilled here. In most countries the dollar is weakening and the dollar demand around does not support this dramatic increase.