Kenya’s shilling weakens slightly against the dollar, here’s why

PUBLISHED: Tue, 23 Apr 2019 13:33:32 GMT


NAIROBI (Reuters) – The Kenyan shilling weakened slightly against the dollar on Tuesday, driven by demand from the energy sector and merchant importers as trading resumed from Easter holiday, traders said. At 0945 GMT, commercial banks quoted the shilling at 101.45/65 per dollar, compared with 101.35/55 at Thursday’s close.

Reporting by John Ndiso; Editing by Hereward Holland

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.