Tag: shilling

Ugandan shilling trades flat on thin demand

KAMPALA: The Ugandan shilling traded in the same position on Tuesday from a day earlier as inflows of hard currency from some commodity exporters met

Kenya’s shilling drops to its lowest level in nearly two years

NAIROBI: Kenya's shilling dropped to 104.05/20 per dollar on Thursday, its lowest level in almost two years, traders said. They attributed the drop to uncertainty caused...

Kenyan shilling holds steady against dollar

NAIROBI: Kenya's shilling was steady against the dollar on Wednesday in slow trade, taking a pause after two straight sessions of weakening caused by concerns...

Kenyan shilling to firm, Zambia kwacha to hold steady

KAMPALA: Kenya's shilling is forecast to strengthen in the next week to Thursday, while Zambia's kwacha will be stable, traders said. KENYA The Kenyan shilling is seen...

Kenyan shilling firms, helped by flows from horticulture exports

NAIROBI: The Kenyan shilling strengthened against the dollar on Wednesday on the back of inflows from horticulture exports and non governmental organizations, traders said. At 0927

Ugandan shilling firms as players trim positions

KAMPALA: The Ugandan shilling was a touch firmer on Tuesday, underpinned by a sell-off of dollars by commercial banks looking to trim their positions. At market

Tanzania spending to rise 2pc to 33.11 trillion shillings

DAR ES SALAAM: Tanzania's overall spending will rise 2pc to 33.11 trillion shillings ($14.43 billion) in 2019/2020, while borrowing 4.96 trillion shillings from the domestic...

Kenyan shilling stable amid tightening liquidity

NAIROBI: The Kenyan shilling was stable against the dollar on Wednesday supported by tightening liquidity in the local money market and inflows from diaspora remittances,

Kenya central bank sells dollars as IMF facility expiry weighs on shilling

NAIROBI: Kenya's central bank pumped in dollars into the market late in Thursday's trading session after the shilling weakened due to the expiry of a...