August 20 – August 27, 2021: Weekly financial markets review and outlook with Stephen Kaboyo

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The local currency traded unchanged, underpinned by seasonal month end flows that improved supply conditions amid sluggish demand. The currency held in the range of 3530/40.In the regional markets, Kenya shilling was stable, but expected to weaken due to increased demand from importers. In addition, the rising COVID-19 cases have heightened fears of more restrictions on economic activity which cou