Kenya: Kenyan Shilling Steady Despite Oil and Manufacturing Sector Demands

The Kenyan Shilling continued its steady streak against the United States Dollar on Monday amid concerns of a potential weakening because of recent political tensions that gripped the country.

The local currency’s stability was chiefly attributed to inflows in foreign exchange currency reserves in the Central Bank of Kenya (CBK). The shilling further remained strong despite Friday being declared a public holiday for DP Kithure Kindiki’s swearing-in ceremony.

Tourism and tea exports boosted…