Foreign investor inflows seen supporting Kenyan shilling
Reuters - Fri, 17 May, 2013NAIROBI (Reuters) - The Kenyan shilling firmed slightly on Friday and traders said they expected further gains in coming days as offshore investors convert dollars to buy stocks and government bonds. Nairobi's blue-chip index has already risen 20 percent this year. March's peaceful presidential election, the stable currency and Kenya's relatively low inflation have all helped boost investor confidence. At 0725 GMT, commercial banks quoted the shilling at 83.70/90 to the dollar, compared with Thursday's close of 83.80/90. The stock index, which is only calculated at close of trading, ended 0. ... More »Foreign investor inflows seen supporting Kenyan shilling
