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Thursday, October 20, 2011

Kenya: 'U.S. and Euro Zone Crises to Affect Nation's Exports'

from all africa.........

"North America and western Europe, which are now in economic crises, take a third of Kenyan exports and are the largest source of tourists to the country.

The shilling has suffered rapid depreciation as investors move to the safety of the dollar amid fears of loan defaults by Greece.

Kenya experienced slow growth in the second quarter of the calendar year to 4.1 per cent compared to 4.8 per cent in the same quarter in 2010"...............READ MORE

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