Africa’s major currencies expected to remain stable amid slow activity in financial markets
Zambia’s kwacha is expected to be trade around its current levels but some analysts said it could gain further out as the economic outlook improves. On Thursday the kwacha was quoted at 24.39 per dollar from 24.45 a week ago.
Kenya and Uganda currencies steady after marginally ceding ground to US dollar, Ghana’s to weaken
Kenyan and Ugandan shilling are expected to be stable against the dollar in the next week to Thursday, while Ghana’s cedi and Zambia’s kwacha are seen weakening and Nigeria’s naira could strengthen, traders said. Kenya Kenya’s shilling is expected to hold steady, with dollar sales from the central bank helping...
