Kenyan shilling remains under pressure on strong dollar demand – Reuters
NAIROBI, Sept 22 (Reuters) – The Kenyan shilling was on the backfoot on Wednesday on the combination of weak inflows and strong dollar demand across sectors, traders said.
At 0845 GMT, commercial banks quoted the shilling at 110.25/110.45 against the dollar, compared with Tuesday's close of 110.20/40.
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The South African Transport and Allied Workers Union (SATAWU) has called off its strike at Transnet, ending a boycott that paralysed the state-owned logsitics firm and impacted commodities exports from Africa's most advanced economy.
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