Kenyan shilling stable amid dollar inflows from charities

A teller serves a client with Kenya shilling notes at the cashier's booth of a forex exchange bureau in Kenya's capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya

NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar with subsiding demand from manufacturers and oil importers likely to keep trades in a narrow price band during Monday’s session, traders said.At 0630 GMT, commercial banks quoted the shilling at 103.20/40 per dollar, compared with 103.25/45 at Friday’s close.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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