As of March 3, 2026, the escalating conflict involving Iran, Israel, and the United States has shifted from distant tension to direct economic risk for Kenya. Analysts now warn that over Sh700 billion in Gulf trade faces disruption. Consequently, the Kenyan Shilling (KES) is experiencing
Shilling Weakens Against Global Currencies The Kenyan Shilling weakened against major global currencies in Q3 2025. Moreover, it lost value against the Euro, Pound, Yen, and Rand. Marginal Gain Against US Dollar The shilling posted a slight gain of 0.2 percent against the U.S. Dollar. Nevertheless, depreciation against other global currencies remained significant. Stronger



