NAIROBI: The Kenyan shilling weakened slightly on Thursday, with traders attributing the depreciation to rising demand for the dollar from manufacturers and oil retailing companies.

The shilling traded at 129.65/129.85 at 0748 GMT, compared to Wednesday’s closing rate of 129.00/130.00. “Demand is still surpassing supply.

Kenyan shilling steady as export dollar inflows match rising demand

That’s partly attributed to the end-of-month demand that we normally see,“ a trader at one commercial bank said.