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Kenyan shilling

Zambia's kwacha seen on back foot, Kenyan shilling firm
Markets

Zambia's kwacha seen on back foot, Kenyan shilling firm

  • The kwacha is likely to remain under pressure against the dollar as demand for hard currency outweighs supply.
  • Tanzania's shilling is expected to hold steady next week with support from moderate US dollar demand from importers and inflows from investors.
Published 03 Jun, 2021 08:27pm
Kenyan, Ugandan and Zambian currencies seen under pressure
Markets

Kenyan, Ugandan and Zambian currencies seen under pressure

  • 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.
Published 20 May, 2021 08:30pm
Kenyan shilling seen strengthening, Zambia unit under pressure
Markets

Kenyan shilling seen strengthening, Zambia unit under pressure

  • Commercial banks quoted the shilling at 109.10/30 per dollar, compared with last Thursday's close of 109.65/109.85.
  • On Thursday, commercial banks quoted the currency of Africa's second largest copper producer at 22.0750 per dollar, slightly down from 22.0231 at the close of business a week ago.
Published 01 Apr, 2021 05:10pm