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Business confidence up in Kenya ahead of festive season

The level of confidence that business executives have in the economy still remains extremely strong despite increased insecurity threats, a just-released survey by Standard Chartered Global Research shows.

The survey indicates the business sentiment indicator for the month of November surged remarkably ahead of the Christmas season, driven mainly by rising demand and a softer Kenyan shilling.The shilling fell to 90.30/40 at the start of trading yesterday from the previous day’s close of 90.20/30.

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