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The Shilling weakened against the dollar on Friday and traders said it would slide further, hurt by concerns about rising imports and falling tourism revenues.
At the close of trade, the shilling was posted at 95.400/50 to the dollar, down from Thursday’s close of 95.25/35. Bobby Otieno, treasurer at Ecobank Kenya, said some importers were frontloading their dollar requirements due to worries over the weakening of the shilling, thus driving up demand.
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