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Kenyan shilling continues slide, stocks down

Kenya’s shilling weakened further against the dollar Wednesday, as it came under increasing pressure due to inflated demand from companies looking to buy dollars at current rates out of fear the local currency would weaken further.

At the close of trade Wednesday, commercial banks quoted the shilling at Sh104.65/75 to the dollar, compared to Tuesday’s close of Sh104.25/35 to the dollar.

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