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Kenya Sees Economic Boost from Obama Visit

(Version anglaise seulement)

Kenya's shilling is likely to strengthen against the dollar due to an anticipated recovery in tourism and the positive sentiments around President Barack Obama's visit, Finance Minister Henry Rotich said on Wednesday. The shilling is hovering near 3 1/2-year lows against the dollar and is down 10 percent so far this year, mainly due to a firmer dollar, a surge in imports and lower tourism earnings after a number of Islamist militant attacks in East Africa's biggest economy...

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