Currencies

Kenya shilling slightly firmer, eye on political developments

FILE PHOTO | NMG
FILE PHOTO | NMG 

Kenya's shilling gained slight ground on Monday and traders said they were watching political developments after President Uhuru Kenyatta was declared winner in elections last week that the opposition has challenged.

Kenyan opposition leader Raila Odinga on Sunday called for a one-day strike to take place on Monday to protest action taken by security forces to crush dissent by supporters backing his claim to the presidency.

Mr Odinga has promised to announce a new strategy on Tuesday.

At 0831 GMT, commercial banks quoted the shilling at 103.80/90 to the dollar, compared with Friday's close of 103.90/104.00.