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Shilling slips against the dollar as 2012 nears close

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The Kenyan shilling slipped against the dollar in early trading yesterday as oil importers bought the dollar to make their end month purchases. Traders said it could weaken further next week as activities pick momentum in the New Year. In early morning deals, commercial banks quoted the shilling at 85.95/86.15 per dollar, weaker than Thursday's close of 85.85/86.05. "There are some energy and oil sector guys in the market buying dollars," said Dickson Magecha, a trader at Standard Chartered Bank...

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