The shilling extended gains on Wednesday, hitting its strongest in more than three months as confidence the government would pay off a Eurobond maturing in June buoyed investor appetite.
The shilling strengthened over three percent against the US dollar to reach 150.00/151.00, a level it last traded at on October 26, compared with Tuesday's close of 155.50/156.50 to the dollar, LSEG data showed.