The shilling strengthened on Friday last week, helped by dollar inflows from offshore investors interested in buying government securities.
Commercial banks quoted the shilling at 105.10/20 to the dollar, compared with Thursday’s close of 105.55/65.
A senior trader said: “The shilling strengthened on the interest rates.  The interbank rate is very tight.  I think the Treasury bill is beginning to attract offshore interest now, so the market is seeing some flows”.

“It is basically the offshore (investors) chasing the Treasury bills”. On Thursday, the weighted average yield on 91-day Treasury bills jumped to 18.607 per cent from 14.486 per cent at last week’s sale, the central Bank of Kenya Report said.

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