Kenyan shilling notes as the currency holds steady while rising oil prices threaten to fuel inflation./ courtesy

Shilling holds steady but rising oil prices threaten Kenya

Shilling remains stable against the dollar despite global pressures. Rising crude prices could push up Kenya’s fuel and transport costs. Inflation climbs as oil nears the $100 per barrel mark. Kenya’s shilling is refusing to buckle against the US dollar, but a new threat is emerging from the global oil market that could hit fuel…

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