African Currencies Weekly Forecast
Analysis based on 6 articles · First reported Jun 25, 2026 · Last updated Jul 02, 2026
The forecasts for various African currencies indicate mixed sentiment. The expected stability of the Kenya — Kenyan shilling and Zambia — Zambian kwacha may offer some predictability for investors in those markets. However, the potential weakening of the Ghana — Ghanaian cedi and Uganda — Ugandan shilling due to corporate demand and reduced central bank support could lead to increased volatility and impact import costs for businesses operating in those countries.
This event provides a weekly forecast for several African currencies, including the Zambia — Zambian kwacha, Kenya — Kenyan shilling, Ghana — Ghanaian cedi, Uganda — Ugandan shilling, and Nigeria — Nigerian naira. Traders expect the Zambia — Zambian kwacha and Kenya — Kenyan shilling to remain largely stable, with the kwacha supported by month-end obligations and mining output, and the shilling continuing its stable trend. The Ghana — Ghanaian cedi is anticipated to weaken due to corporate dollar demand and reduced central bank intervention. The Uganda — Ugandan shilling is also expected to show a weakening tone due to importer demand, although this appetite has recently slowed. The Nigeria — Nigerian naira is projected to be supported by central bank dollar sales.
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