Kenyan shilling weakens due to importer demand, excess liquidity

The Kenyan shilling weakened against the dollar on Thursday due to dollar demand from importers and excess liquidity in the money markets, traders said.

At 0700 GMT, commercial banks quoted the shilling at 100.95/101.15 per dollar, compared with 100.75/95 at Wednesday's close.  

Business
Irony of lowest inflation in 17 years but Kenyans barely making ends meet
Business
Job loss fears as Mbadi orders cost-cutting in State agencies
Business
How new KRA guidelines will impact income tax calculation
Opinion
Diversifying Kenya's exports for economic prosperity