DAR ES SALAAM, Tanzania -- Financial markets may have priced in the recent U.S. rate hike well in advance, but for businesses in emerging nations, life is only getting harder.

Bruce, right, from China's Fujian Province, sells Chinese-made motorbikes in Dar es Salaam, Tanzania.
DAR ES SALAAM, Tanzania -- Financial markets may have priced in the recent U.S. rate hike well in advance, but for businesses in emerging nations, life is only getting harder.