The Central Bank of Kenya (CBK) quoted the shilling against the US dollar at 103. 88, nearly the same level it closed on Friday last week.
The report by Deloitte East Africa indicates that in Kenya, the returns on equity have been on a downward trend despite growth in gross premiums.
Besides the low internet charges, the telecommunication firms are also offering free social media access, enabling the youth to spend more time online.
These pests are currently turning out to be a major threat to food production in the east African nation as a lengthy dry spell emboldens them.
The Central Bank of Kenya quoted the currency to the dollar in the Tuesday trading at 104. 10, down from 104. 02 at the close of Monday.
The bourse noted that several trades were executed during the session, laying the ground for future trading at the bourse.
The total transactions serves as an indication of the importance of the service in the lives of Kenyans, said the central bank.
