Kenyan shilling strengthens on foreign investor inflows

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NAIROBI (Reuters) – The Kenyan shilling strengthened against the dollar on Monday supported by inflows from foreign investors interested in government debt and select stocks at the Nairobi stock exchange, traders said.
At 0813 GMT, commercial banks quoted the shilling at 100.80/101.00 per dollar, compared with 100.90/101.10 at Friday’s close.

Reporting by John Ndiso; editing by Elias Biryabarema

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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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