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Why a weaker shilling in E.Africa is not all bad news
05 Sep 2024 00:01 GMT
… against the Kenyan shilling, Ugandan shilling, and Burundian franc … , which may reduce Tanzania’s imports from Kenya … the currency.
During the same period Tanzanian shilling depreciated … implications.
Interestingly, the Tanzanian shilling has appreciated by 3 …
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What lies ahead as shilling continues to slip against the dollar
04 Sep 2024 00:21 GMT
… es Salaam. The Tanzanian shilling has depreciated against the … on currencies like the shilling.
The shilling traded at an … Tanzania is due to the underperformance of the local currency, … policies to stabilise the shilling and control inflation.
Additionally …
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Ministry of Energy compares Tanzania's oil importation deal with Kenya's, defend...
29 Aug 2024 11:11 GMT
… speculative activities, and ensuring foreign exchange rate stability to support economic … appreciation of the Kenya Shilling against the USD. It … press release.
Comparison to Tanzania
The Ministry noted that … premiums in comparison to Tanzania's Bulk …
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Kenyan banks see forex losses from subsidiaries
24 Aug 2024 06:29 GMT
… statements in their local currency (functional currency), but when they … 31 percent against the Tanzanian shilling this year, 27.5 … Tanzania, Mauritius and Burundi, also made losses on their currency … has been dampened by forex losses, Kenyan banks have …
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Higher revenues, strong shilling push Serena Hotels operator back into profit
22 Aug 2024 10:24 GMT
… gains from a stronger local currency, which reduced the group … for instance, Royal Tour Tanzania, has paid off,” TPS … strengthening of the Kenyan shilling against the US dollar … concerns, high interest rates, currency volatility and inflation.
However, the …
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Higher revenues, strong shilling lift Serena hotels operator back into profitability
22 Aug 2024 09:31 GMT
… , for instance, Royal Tour Tanzania, has paid off,” TPS …
Appreciation of the Kenyan Shilling against the dollar over the … on the stronger local currency.
The Group’s total … concerns, high interest rates, currency fluctuations and inflation.
The firm …
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FOCUS ON Sadc SUMMIT 2024: Tanzania
11 Aug 2024 03:11 GMT
… official, universally-spoken language in Tanzania. English, also an official … Country: 945 200 square kilometres
Currency: Tanzanian Shilling (TZS) Tsh 1 = 100 … Tanzanians profess Christianity, which in Tanzania includes Roman Catholic, Lutheran, Methodist …
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Kenya shilling remains stable as CBK boosts usable dollar foreign exchange reser...
11 Aug 2024 13:16 GMT
… reported that the Kenya shilling remained stable against regional … CBK reported that the shilling remained stable against major … .
"The Kenya Shilling remained relatively stable against … Tanzania.
The region is working towards developing a single currency …
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Strategic FYDP III execution keeps public debt in check
06 Sep 2024 09:49 GMT
… said the depreciation of the Tanzanian Shilling against the US Dollar is …
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EABL posts 12% profit decline amid currency devaluation, rising interest rates
31 Jul 2024 17:09 GMT
… was primarily attributed to currency devaluation and rising interest … total revenue.
Uganda and Tanzania also recorded strong performances, with … in Kenya, along with forex losses. Earlier this year, … ) due to the weakening shilling.
Although EABL’s tax …