Episode 34: Where Are The Dollars?

Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.In this episode hosted by Ramah Nyang, we are joined by NCBA Bank CEO and Kenya Bankers Association Chairman, John Gachora, on a discussion on the dollar shortage the country is currently facing. Mucai Kunyiha, Chairman of the Kenya Association of Manufacturers, also joins us to share the perspective of manufacturers who have raised concerns about the unavailability of dollars.Subscribe to get notified when we make a new post.Show Notes00:01:30 Is there a dollar shortage?00:03:47 Price discovery00:12:18 Speculative accumulation of dollars00:17:44 Net foreign assets and capital flight00:22:41 How do we fix the shortage?00:30:38 Raising interest rates00:40:21 Supply of dollars by CBK00:50:55 Inflation00:53:46 Impact on manufacturers01:02:20 Balance of payment problem Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe