Kenyan, Tanzanian and Zambian currencies are likely to strengthen in the coming week while Uganda’s shilling is expected to post moderate losses.

The Kenyan shilling is expected to strengthen against the US dollar due to tight liquidity and increased foreign remittances amid flat demand from importers ahead of the holiday season.

Commercial banks quoted the shilling at 101.45/65 per dollar in Thursday’s trading, compared with 102.55/75 a week ago. Tanzania’s shilling is also expected to gain, helped by low dollar demand. 

Business
Premium Kenya leads global push to raise Sh322tr from climate taxes
Real Estate
Premium End of an era: Hilton finally up for sale, taking with it nostalgic city memories
Business
Premium Civil servants face the axe as Ruto seeks to ease ballooning wage bill
Business
Total Energies to pay businessman Sh4 million