Kenyan shilling weakens as players beef up positions

• At 0852 GMT, commercial banks quoted the shilling at 106.30/50 per dollar, compared with 106.20/40 at Friday's close.

At 0852 GMT, commercial banks quoted the shilling at 106.30/50 per dollar, compared with 106.20/40 at Friday's close.

"Demand (from importers) will slow down but cash is king and everybody is running for safe cover to hold their money in dollars," said a senior trader from one commercial bank.