Zambia’s kwacha is forecast to weaken against the dollar in the week to next Thursday, Uganda’s currency will strengthen, while those of Ghana and Nigeria will remain stable, traders said.
Kenya’s shilling is expected to remain on the back foot in the week ahead as persistent demand for dollars from oil importers and manufacturers weighs on the local currency.
At 0814 GMT, commercial banks quoted the shilling at 140.75/95 per dollar compared with last Thursday’s close of 140.40/60. It hit 140.80/141.00 earlier in the day, a record low.
Source: reuters
In other news – China will maintain bans on the import of food
China will maintain bans on the import of food from about one-fifth of Japanese prefectures for safety reasons, Chinese customs said on Friday, citing Japan’s move to discharge nuclear contaminated water into the sea.
China, the biggest buyer of Japan’s seafood exports, said it would also strictly review the documents for food, especially aquatic products, from other parts of Japan, customs said in a statement. Learn more
