×
The Standard e-Paper
Stay Informed, Even Offline
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NAIROBI: Kenya’s shilling firmed yesterday after hard currency inflows entered the market from foreign investors fleeing Nigeria’s faltering economy, while others were chasing yields on government debt.
Commercial banks quoted the shilling at 91.10/20 to the dollar, stronger than Wednesday’s close of 91.15/25 to the dollar. “With what’s happening in Nigeria, everyone is getting scared. So they are really coming in massive chunks to invest in Kenya,” said Sheikh Mehran, head of trading at I&M Bank.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join