Zambian Kwacha Gains as Ghana Cedi Faces Pressure
The Zambian kwacha is expected to strengthen further due to high copper prices and mining sector inflows. Meanwhile, Ghana's cedi and Uganda's shilling face depreciation pressure from corporate dollar demand and pre-budget uncertainty.
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Zambia's kwacha is expected to strengthen against the United States dollar through next Thursday, fueled by steady mining sector inflows. The currency rose to 18.69 per dollar on Thursday from 19.01 a week earlier. Ghana and Uganda face mounting depreciation pressure.
