Kenyan shilling strengthens against dollar due to hard currency inflows

The Kenyan shilling strengthened against the dollar on Monday due to hard currency inflows from horticulture exports and offshore investors.
NAIROBI - The Kenyan shilling strengthened to its strongest level in six months against the dollar on Monday due to hard currency inflows from horticulture exports and offshore investors buying government debt amid thin oil importer demand, traders said.

At 0649 GMT, commercial banks quoted the shilling at 100.20/40 per dollar, a level last traded in September last year, compared with 100.40/60 at Friday's close.

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Kenyan shillingdollarhorticulture exportsoffshore investorsgovernment debtoil importer demandcommercial banks