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Topic

African currencies

Kenyan, Ugandan and Zambian currencies seen under pressure

Kenyan, Ugandan and Zambian currencies seen under pressure

Published 20 May, 2021 08:30pm
  • The Kenyan shilling will be under pressure in the coming week, as companies are getting ready for their end of month obligations amid projected lower economic growth.
  • The Uganda shilling is seen trading on a weak footing against the dollar in coming days as traders start to rebuild oversold positions, traders said.
Nigerian, Zambian, Kenyan currencies seen under pressure

Nigerian, Zambian, Kenyan currencies seen under pressure

Published 25 Feb, 2021 05:51pm
  • The naira is seen easing on the spot market after it fell 0.21% to 410.29 per dollar on Thursday.
  • The kwacha is likely to face continued pressure against the dollar going into next week due to heightened demand for hard currency amid limited inflows.
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