The Kenyan shilling stayed steady against the dollar this week even as the U.S. currency weakened for a second straight week. The local unit closed at Ksh129.19, unchanged from April 30.

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The first shipment of Kenyan avocados reached China on May 8 under a new zero-tariff agreement that began on May 1. Chinese authorities confirmed the arrival of 6.9 tonnes of the fruit alongside South African apples. The deal removes duties on 98.2 per cent of Kenyan exports to help balance trade.

Eight Kenyan workers remain detained in Benghazi, Libya, more than six weeks after their arrest on March 21. Their families are appealing for urgent government help to secure their release.

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A suspected extortion ring is under police investigation for using forged court filings to threaten a Ksh14 billion payout by Co-operative Bank to farmers and Sacco shareholders.

 

 

 

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