The Kenyan shilling is expected to remain under pressure due to excess liquidity in the money markets and dollar demand from sectors such as energy, traders said.
more| 22 Feb 2018 05:48 | Reuters Africa |
UGANDA The Ugandan shilling is seen trading with a weakening bias as demand for dollars from manufacturing and energy sector importers and commercial banks weighs.
more| 20 Feb 2018 03:56 | AllAfrica.com |
THE shilling loses its grip against US dollar last week as the pressure continues to mount. The shilling, due to increase pressure from greenback lost its grip slightly by 0.09 per cent to 2,254/89 versus 2,252/97 the week before, according to Orbit ...
moreThe Tanzanian shilling is expected to trade little changed against the dollar in the coming days, helped by subdued demand for dollars from major importers.
more| 22 Jan 2018 00:33 | AllAfrica.com |
Dar es Salaam - The shilling rebounded on Friday after depreciating slightly against the dollar for three consecutive days earlier in the week.
moreThe Kenyan shilling is expected to trade in the same range against the dollar in the coming week as the market looks to a central bank rate-setting meeting on Monday for direction, traders said.
more| 19 Dec 2017 22:30 | AllAfrica.com |
... new life in the local currency," said the managing director of the People's Bank of Zanzibar, Mr Musa Juma. He said that demand for dollar and other foreign currencies decreased in the local market as many producers and service providers who were ...
moreNAIROBI, Dec 14 (Reuters) - The Ugandan and Tanzanian shillings are expected to hold their ground against the dollar in the next week, while Nigeria's naira is forecast to weaken, traders said.
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