🇺🇬🇿🇲🇬🇭🇰🇪 Uganda's currency seen extending losses after hitting record low

Uganda's shilling is expected to weaken further over the next week to Thursday after falling to its weakest-ever level against the US dollar, according to traders cited by Reuters. The same traders said the Zambian kwacha and Ghanaian cedi may also face pressure, while Kenya's shilling is expected to remain stable.

The update points to continued strain in parts of East and West Africa's foreign exchange markets, with Reuters attributing the outlook to trader assessments for the coming week.

#Uganda

🔸 Source

@africaintel