Kenyan shilling stable ahead of supreme court election petition

Aug 26, 2017

The Kenyan shilling was stable against the dollar on Friday as the market awaited a Supreme Court ruling on an opposition petition against the re-election of President Uhuru Kenyatta, traders said.

At 1313 GMT, commercial banks quoted the shilling at 103.10/20 per dollar, the same as Thursday’s close.

“What comes up in court will give direction on political uncertainty ahead,” said a trader from a commercial bank. The court has until Sept. 1 to hear and determine the challenge brought by opposition leader Raila Odinga.

Reporting by John Ndiso; Editing by Duncan Miriri - (Reuters) 

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