Demystifying Economics, Currency Fluctuations & Inflation Dynamics

KCA University hosted a thought-provoking panel discussion anchored on the theme “Currency Fluctuations & Inflation Dynamics: Implications for Policy.” The event featured a panel of three seasoned economists and policy experts; Kwame Owino; the CEO Institute of Economic Affairs (IEA), Dr. Abraham Rugo; the Executive Director of the International Budget Partnership Kenya and William Odhiambo Ramogi; the CEO of Elim Capital Limited.

The discussants demystified complex economic concepts and equipped students with practical insights into navigating the dynamic world of finance and economics by breaking down intricate economic terms into simple and easy-to-understand concepts.

Speaking at the panel discussion, Kwame Owino noted that it is through real-world examples and engaging anecdotes, that industry experts can connect with the students and make topical issues relatable and relevant. “The easiest way for us to make economics and financial literacy relatable is by relating economic theories to everyday experiences. We need to demonstrate how financial matters are shaping the world around us.”

The panelists emphasized the importance of understanding currency fluctuations and inflation dynamics, particularly in today’s globalized economy. They highlighted how events such as changes in government policies, geopolitical tensions, and technological advancements can impact currency values and inflation rates, and how individuals and businesses can navigate these challenges.

One of the key takeaways from the discussion was the importance of diversification in managing currency risks. William Odhiambo noted that spreading investments across different currencies and asset classes greatly reduces the impact of currency fluctuations on investor portfolios. He also emphasized the need for businesses to adopt flexible pricing strategies to cope with inflationary pressures.

“We live in a world where change is constant,” said Dr. Abraham Rugo. “Economic conditions can change rapidly, investors and business people need to be prepared to adapt and respond accordingly.”

The panel discussion was concluded with students expressing their appreciation for the insights shared by the panelists. They opined that they had a better understanding of how economic theories apply to real-world situations and felt more confident in their ability to navigate economic challenges now and in the future.

The Panel Discussion was hosted by the School of Business to cultivate interdisciplinary learning on economics, finance, business, and related fields while providing students with real-world insights into theoretical concepts and policy implications as they engage with industry experts. KCA University hosts panel discussions on topical issues that are engaging, relevant, diverse and valuable to students to enhance their educational experience while providing them with platforms for learning, networking, critical thinking, knowledge sharing and overall skill development.