Monday, May 7, 2007

Kenya shilling near 4-year high on c.bank comment

(Reuters) - Kenya's shilling neared a four-year high against the dollar on Monday, helped by comments from the new central bank governor that a financial boom in the last three years boosted economic growth, dealers said.

In an interview with Reuters, governor Njuguna Ndung'u forecast 8 percent growth by 2008 and defended the shilling's recent strength, citing a boom over the past three years.


Read more at Reuters Africa

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