Kenyan shilling eases due to increased energy sector dollar demand

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NAIROBI (Reuters) – Kenya’s shilling weakened on Friday due to increased dollar demand from across all sectors, including energy importers, traders said.

At 0858 GMT, commercial banks quoted the shilling at 100.45/65 to the dollar, compared with 100.30/50 at Thursday’s close.

Reporting by George Obulutsa; Editing by Duncan Miriri

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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