Nairobi/Kampala – Kenya’s shilling was steady on Wednesday amid weak demand for dollars as corporate business slowed ahead of Easter weekend holidays that start on Friday.

The shilling was quoted at 101.50/60, the same rate as Tuesday’s close. The shilling has appreciated about 0.7 per cent against the dollar so far this year.

Meanwhile, the Ugandan shilling weakened a touch on Wednesday, undermined by a pickup in appetite for hard currency from commercial banks. The Ugandan unit was quoted at will get UGX 3370/3375, buying and selling, respectively.