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Shilling holds steady after elections

NEWS
By Macharia Kamau | August 15th 2017

The Kenya shilling has over the last one week held ground and even made slight gains against major world currencies, despite the tensions that followed last Tuesday’s polls.

It has also withstood the aftermath of the polls, where the Opposition has disputed the election results.

According to a Reuters report, it gained slight ground yesterday and traders said they were watching political developments.

Banks quoted the shilling at 103.80/90 to the dollar, compared with Friday’s close of 103.90/104.00.

[Machaira Kamau]

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