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August 7, 2026
1h ago

Experts Issue Prediction for Kenyan Shilling as Dollar Demand Weakens

Experts Issue Prediction for Kenyan Shilling as Dollar Demand Weakens

This comes at a time when Kenya's economy has remained resilient, growing by 5.3 per cent in the first quarter of 2026, supported by stronger performance in manufacturing, construction, tourism and other service sectors...

✨ Key Highlights

The Kenyan Shilling is expected to remain stable against the U.S. Dollar due to falling demand and consistent investor inflows into Kenyan government bonds.

  • The Shilling was quoted at Ksh129.39/45 against the dollar on Friday, showing minimal change.
  • Key players include currency traders and the Central Bank of Kenya, whose Monetary Policy Committee is set to meet on August 11.
  • The Kenya Bankers Association is advocating for the Central Bank Rate to be maintained at 8.75% to support exchange rate stability and keep inflation within target.

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