Boost for importers, Treasury as shilling holds forex gains

Data from the Central Bank of Kenya published Friday showed the shilling trading flat at Sh129.02 to the US dollar for the week ending February 19. [File, Standard] 

The Shilling is expected to maintain its recent stability against the US dollar, boosted by strong foreign exchange reserves and improved access to external financing, analysts say.

This offers a crucial reprieve to President William Ruto’s administration as it grapples with a cost-of-living crisis with just under eighteen months to the polls.