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Kenya, Nigeria, Zambia currencies set to weaken further, as Zim dollar rides high on a roller-coaster

Kenya's shilling, Nigeria's naira and Zambia's kwacha are expected to weaken further in the week to next Thursday, while Ghana's cedi and Uganda's shilling could strengthen, traders said. KENYA Kenya's shilling is expected to weaken further in the coming week, driven by demand for dollars from the manufacturing and energy sectors. Commercial banks quoted the…
United States Chris Mfula Muthli Ncube George Obulutsa Elisha Bala Gbogbo John Stonestreet

Nigeria, Ghana, Kenya, Zambia currencies set to weaken further

DAKAR, July 20 - Kenya's shilling, Nigeria's naira and Zambia's kwacha are expected to weaken further in the week to next Thursday, while Ghana's cedi and Uganda's shilling could strengthen, traders said. KENYA Kenya's shilling is expected to weaken further in the coming week, driven by demand for dollars from the manufacturing and energy sectors. |
John Stonestreet George Obulutsa Chris Mfula Sedem Dornoo Elisha Bala Gbogbo Christian Akorlie

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Ghana invites domestic dollar bondholders to debt restructuring

Ghana's finance ministry has invited eligible holders to exchange $809.9 million in domestic U.S. dollar bonds for a package of new bonds with lower rates and longer maturities, it said on Friday, part of efforts to restructure debt to meet International Monetary Fund loan requirements.
Greater Accra Christian Akorlie Jonathan Oatis Mark Potter Maxwell Akalaare Adombila International Monetary Fund

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