The Kenyan shilling strengthened against the US dollar on Friday, marking its first significant gain since November last year.
Experts at Reuters attributed the shilling's recovery to increased foreign currency inflows from investors purchasing government bonds.
According to data from the London Stock Exchange Group (LSEG), the shilling traded at 128.25 against the dollar on Friday, February 7, an improvement from Thursday's closing rate of 130.00.
This development follows the Central Bank of Kenya's (CBK) recent move to attract investors by issuing tax-free infrastructure bonds, aiming to raise Ksh70 billion.
