Kenyan shilling steady, seen firming

NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar demand and foreign currency inflows from sectors like agriculture and tourism.

At 0929 GMT, commercial banks quoted the shilling at 101.75/85, unchanged from Thursday's close.

"Going forward it's going to gain. (Dollar) demand is not there. So a little supply is pushing it lower (stronger). Tea sales, non governmental organisation funds is constant money which is going to come in," said a senior trader at one commercial bank.