See the best-performing currency in Africa as naira gets new position

  • The Kenyan shilling has become Africa’s best-performing currency in Africa after a recent gain
  • The currency strengthened to a 15-month high against the US dollar amid improved FX inflows into the country
  • The naira suffered depreciation against the US dollar in the last three weeks, trading at N1,483.67 against the US dollar

The Kenyan shilling currency has risen to a 15-month high against the US dollar.

The last time the shilling performed this strong was in March last year, rising from Shs161 per dollar to Shs 128.66 to remain one of the best-performing currencies in Africa.