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Traders Expect Zambia, Kenya Currencies Hold; Uganda Shilling Weakens

6/26/2026

Summary

Story summary

Traders expect Zambia's kwacha to hold at 18.20 per dollar, up from 18.05, and Kenya's shilling to stay near 129.45/65, tighter than Thursday’s 129.55/75 close.
Ghana's cedi traded around 11.20, up from 11.15, with mining-sector FX receipts expected to keep it range-bound, said Andrews Akoto of Absa Bank Ghana.
Uganda's shilling weakened to 3,695/3,705, from 3,645/3,655, and traders forecast it to swing between 3,680 and 3,720 as importers seek dollars.

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Story summary

Traders expect Zambia's kwacha to hold at 18.20 per dollar, up from 18.05, and Kenya's shilling to stay near 129.45/65, tighter than Thursday’s 129.55/75 close.
Ghana's cedi traded around 11.20, up from 11.15, with mining-sector FX receipts expected to keep it range-bound, said Andrews Akoto of Absa Bank Ghana.
Uganda's shilling weakened to 3,695/3,705, from 3,645/3,655, and traders forecast it to swing between 3,680 and 3,720 as importers seek dollars.