© Reuters. The Kenyan shilling has been under significant stress due to an oversupply of dollars, leading to its devaluation and trading at Sh150 per U.S dollar. The situation has been aggravated by capital outflows as major economies increase base lending rates to mitigate inflation. Importers seeking dollars further exacerbate the situation, as reported by
© Reuters. A man rides a bicycle past a sign directing to Ettadamen district, in Tunis, Tunisia June 24, 2022. Picture taken June 24, 2022. REUTERS/Jihed Abidellaoui By Jorgelina do Rosario LONDON (Reuters) – Tunisia reached a preliminary deal with the International Monetary Fund a year ago on a $1.9 billion loan programme, but 12
© Reuters. The Nigerian Naira has continued to depreciate against major currencies, with the exchange rate for a dollar reaching N950 at the Lagos Parallel Market on Friday, September 15, 2023. The Naira also saw depreciation against the British Pound and the Euro, going from N1190/£1 to N1210/£1 and from N995/€1 to N1020/€1 respectively. This
