Kenyan shilling strengthens against weak dollar
The Kenyan shilling rose slightly against a broadly weaker dollar on Monday, with traders forecasting that the local currency will come under pressure due to end-month corporate demand for dollars. At 08:11 GMT, leading commercial banks quoted the shilling at 80.90/81/10 compared with Friday’s close of 81.00/10. Traders said they expect particularly strong demand for dollars from the energy sector.…