NO DOLLAR, NO HOUSE! Nairobi Landlords Start Charging Tenants in Dollars Amid Shilling Depreciation
As the Kenyan Shilling faces depreciation against major currencies, including the United States Dollar, a growing number of landlords in Nairobi, particularly in affluent areas like Westlands, Karen, Gigiri, Runda, Kileleshwa, and Muthaiga, are adopting a strategy to mitigate potential losses. They are now requesting rent payments in dollars to safeguard against the volatility of…