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ZAMBIA forex

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.
Kenyan and Zambian currencies seen softening

Kenyan and Zambian currencies seen softening

Published 22 Apr, 2021 08:33pm
  • Kenya's shilling is expected to face pressure next week as month-end demand for dollars from importers increases.
  • On Thursday, commercial banks quoted the shilling at 108.35/108.55 against the dollar compared with last week's close of 106.95/107.15.
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.
Kenyan currency seen firming, Zambia, Uganda's to soften

Kenyan currency seen firming, Zambia, Uganda's to soften

Updated 11 Mar, 2021 10:01pm
  • The Kenyan shilling is expected to edge up against the dollar next week, driven by dollar inflows from offshore investors into local government bonds.
  • The kwacha will likely continue trading under pressure against the dollar next week due to sustained demand for hard currency and scanty inflows.
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