Kenyan shilling hits record low of 150 to the dollar

The Kenyan shilling hit a record low of 150 to the dollar, exacerbating the challenges faced by the population due to high inflation and new taxes. The decline in the shilling is attributed to factors such as high debt levels, depleted government revenues, and the strengthening of the US dollar during the Middle East crisis. Kenya's debt has reached 10.1 trillion shillings ($67 billion), with the cost of servicing the debt increasing as the currency weakens.