Shilling steady, seen gaining on agriculture exporter inflows

Kenya's shilling was steady on Wednesday but traders said it was likely to strengthen, helped by expected dollar inflows from non-governmental organisations and tea and flower exporters.

"Outlook is for a stronger shilling until we see a pick-up in end-of-month demand if it comes in," said a senior trader at one commercial bank.

The trader said the shilling was also benefiting from low oil prices, which had translated into a lower import bill.