Kenyan shilling stable, seen easing due to telecom sector dollar demand

Kenya's shilling was steady on Thursday and traders said it was seen weaker due to dollar demand from sectors like telecoms and manufacturing, while tight liquidity would limit its losses. FILE PHOTO | NATION MEDIA GROUP.

Kenya's shilling was steady on Thursday and traders said it was seen weaker due to dollar demand from sectors like telecoms and manufacturing, while tight liquidity would limit its losses.

At 0720 GMT, commercial banks quoted the shilling at 102.40/60 to the dollar, from Wednesday's close of 102.35/55.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.