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Topic

Tanzania's shilling

Kenya's shilling to strengthen, Tanzania's to hold steady

Kenya's shilling to strengthen, Tanzania's to hold steady

Published 24 Jun, 2021 05:59pm
  • The Kenyan shilling is expected to strengthen against the dollar next week, helped by inflows from the diaspora, a trader at a commercial bank said.
  • Commercial banks quoted the shilling at 2,314/2,324 against the dollar, the same levels recorded a week earlier.
Zambia's kwacha seen on back foot, Kenyan shilling firm

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

Published 03 Jun, 2021 08:27pm
  • 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.
Kenyan, Nigerian currencies seen range-bound

Kenyan, Nigerian currencies seen range-bound

Published 29 Apr, 2021 05:51pm
  • The naira is seen range-bound next week as the central bank tries to boost forex sales through direct interventions to local firms and foreign investors, traders said.
  • Commercial banks quoted the shilling at 2,310/2,324 on Thursday, the same levels recorded a week earlier.
Nigerian currency seen under pressure, Kenyan rally to pause

Nigerian currency seen under pressure, Kenyan rally to pause

Published 15 Apr, 2021 06:42pm
  • The naira could ease on the spot market after the central bank, in its first hard currency sale to foreign investors this year, quoted it at a low of 435.81 for the five-month forward contract, traders said.
  • The unit slid to a record intra-day low of 436.81 against the dollar, following the central bank sale earlier in the week.
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