Bloomberg News

Kenyan Government Expects Shilling to Gain Strength ‘Very Soon’

October 06, 2011

Oct. 6 (Bloomberg) -- Kenya’s government said it expects the shilling to strengthen against the dollar “very soon” after Prime Minister Raila Odinga led efforts to stabilize the currency.

Odinga is meeting President Mwai Kibaki today to discuss measures to support the currency, Alfred Mutua, the government’s spokesman, said in a statement on the website of the country’s Office of Public Communications. A further statement is expected to be released later, he said.

To contact the reporter on this story: Sarah McGregor in Nairobi at smcgregor5@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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