Kenyan shilling strengthens to highest in more than two months

NAIROBI: The Kenyan shilling rose to its highest in two months on Thursday, building on its recent gains after the Supreme Court upheld the re-election of President Uhuru Kenyatta in a repeat vote last month.

At 0805 GMT, commercial banks quoted the shilling at 103.00/20 per dollar, its highest level since Sept. 15, compared with 103.15/35 at Wednesday's close.

The shilling has strengthened from 103.80/90 since the beginning of the week, after the Supreme Court's ruling, which dismissed two petitions seeking to nullify Kenyatta's re-election.