Kenyan shilling firms to 4-month high, helped by remittances


NAIROBI (Reuters) – The Kenyan shilling strengthened on Monday to a four-month high , by dollar inflows from remittances and offshore investors buying shares on the stock market, traders said.

At 0803 GMT, commercial banks quoted the shilling at 102.30/50 per dollar, compared with 102.50/70 at Friday’s close. The shilling last traded at its present level on July 8, Refinitiv data showed.

Reporting by John Ndiso; Editing by George Obulutsa

Previous articleCongo central bank lowers 2019 GDP growth forecast to 4.6%
Next articleNSE benchmark index down -16.68% YTD as MSCI delist Nigerian financial institutions
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.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.