Kenyan shilling stable, expected to trade in narrow range

0
365

NAIROBI (Reuters) – The Kenyan shilling was stable on Thursday and was forecast to trade in a narrow range amid some dollar demand from the energy sector, traders said.

At 0807 GMT, commercial banks quoted the shilling at 100.50/70 per dollar, compared with 100.55/75 at Wednesday’s close.

Reporting by John Ndiso; Editing by George Obulutsa

SHARE
Previous articleUganda central bank holds its key lending rate at 9.0%
Next articleThousands of Cameroonians escape to Nigeria as violence flares
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.