Kenya: Kenyan Shilling Remains Steady Against Dollar as Global Fuel Prices Drop

The Kenyan Shilling on Monday continued on the stability path against the dollar opening the week on almost the same level it closed on Friday.

Data from the Central Bank of Kenya showed that the shilling traded at Ksh128.50/129.50 for the buying and selling respectively.

The Shilling strength was bolstered by the inflows from tea exports that matched the month-end importer demand.

The CBK also attributed the fall in oil prices to be a contributing factor towards Shilling cementing its…