Kenya’s shilling firms slightly; to ease on increased forex demand

NAIROBI, Jan 7 (Reuters) – Kenya’s shilling was slightly firmer on Tuesday but was expected to weaken due to increased demand for dollars from manufacturing and oil retailing companies, traders said.

At 0809 GMT, commercial banks quoted the shilling at 129.00/129.60 per dollar, compared to Monday’s closing rate of 129.10/129.60. (Reporting by George Obulutsa; Editing by Tannur Anders)

(c) Copyright Thomson Reuters 2025. Click For Restrictions – https://agency.reuters.com/en/copyright.html