Fund managers question strength of Kenya Shilling

Central Bank of Kenya Building on Haileselasie Avenue, Nairobi. Wilberforce Okwiri, Standard

Fund managers and analysts have questioned the strong Kenya Shilling, with some claiming that the local currency was over-valued, putting themselves at crossroads with the regulator--Central Bank of Kenya (CBK).

They added that a resilient shilling was hurting the country’s export earnings even as it rendered Nairobi Securities Exchange less attractive to foreign investors.