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Kenyan shilling weakens due to manufacturing sector demand – Reuters

NAIROBI, Dec 7 (Reuters) – Kenya's shilling weakened on Tuesday due to increased dollar demand from the manufacturing sector and general goods importers, traders said.
At 0909 GMT, commercial banks quoted the shilling at 112.70/90 per dollar, compared with Monday's close of 112.60/80.
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Japan's promised economic stimulus must be big enough to exceed the economy's output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday.
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Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.