Kenyan shilling surges against the dollar

The Kenyan shilling surged against the dollar on Thursday with inflows from offshore investors buying stocks and government debt exceeding dollar demand from merchandise importers, traders said.

At 0747 GMT, commercial banks quoted the shilling at 101.25/45 per dollar, compared with 101.45/65 at Wednesday's close.

(Reporting by John Ndiso; Editing by Clement Uwiringiyimana)