Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Sesame, Tobacco Inflow Stabilises Shilling

16 JULY 2020
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Tanzania Daily News (Dar es Salaam)



THE Tanzania shilling almost maintained its position in the last two weeks, thanks to the inflows from sesame and tobacco.

The shilling, according to the central bank (BoT), appreciated by ten cents to 2,308/86 yesterday from 2,300/96 at the beginning of the month.

NMB Bank, one of the largest lenders in the land, said sesame and tobacco boosted the market but projected the shilling to strengthen further once cotton inflows start to flow.

"We expect cotton inflows to be observed in the market soon [as the season starts this month].

"This will boost the US dollar supply and hence cater for the daily demand from corporates and retailers," NMB said in its daily e-market report.


Orbit Securities said until last Thursday the shilling marginally gained 6 pips week on week to a weighted average exchange rate of 2,309/03 per US dollar.

"The amount traded on the Interbank Foreign Exchange Market (IFEM) went down by 11 per cent to a total of 6.94million US dollars for the three days during the week.

"The amount is lesser compared to the previous week due to fewer trading sessions during the week under review as a result of the Sabasaba Holiday," Orbit said.

Last week, traders projected that Kenya shilling will come under pressure over this week, while Tanzania's will likely hold firm.

Uganda's shilling was seen strengthening, Zambia's kwacha holding ground and Nigeria's naira weakening.

Sesame, tobacco inflow stabilises shilling
 
Wakenya hawaamini pia hawapendi kusikia
Hakuna nchi ambako Magufuli anapendwa zaidi ya Kenya, wakenya wanamzungumzia na kumpenda Magufuli kuliko nchi yoyote ile hapa Africa, hilo ndio linalowafanya wachache wenye kumiliki vyombo vya habari ambao wengi ni kutoka upande wa Jubilee kumchukia na kuona wivu na kuanzisha kampeni ya kumchafua.
 
Hakuna nchi ambako Magufuli anapendwa zaidi ya Kenya, wakenya wanamzungumzia na kumpenda Magufuli kuliko nchi yoyote ile hapa Africa, hilo ndio linalowafanya wachache wenye kumiliki vyombo vya habari ambao wengi ni kutoka upande wa Jubilee kumchukia na kuona wivu na kuanzisha kampeni ya kumchafua.
Kweli kabisa mkuu Magu amefanya Wakenya wengi waone Rais wao anacheza tu.
 
Hakuna muda Rais wa Afrika na Africa imekua maarufu ulimwenguni kama kipindi hiki cha Corona na maamuzi ya JPM

Magufuli ameongelewa Tokea Corona ianze mpaka sasa bado anatrend huko twitter.com


Yaani tokea Magu aingie madarakani,amekuwa akiongelewa kaka,kumbuka ile hashtag#whatwouldmagufulido?pia nilifuatlia media za Africa,has a Nigeria niliona kwenye kituo kimoja cha TV walivyokuwa wanamsifia Magu na kuuponda uongozi wa Buhari,yaani Magu anatrend longtime sana.
 
Yaani tokea Magu aingie madarakani,amekuwa akiongelewa kaka,kumbuka ile hashtag#whatwouldmagufulido?pia nilifuatlia media za Africa,has a Nigeria niliona kwenye kituo kimoja cha TV walivyokuwa wanamsifia Magu na kuuponda uongozi wa Buhari,yaani Magu anatrend longtime sana.
Sana
Ni Rais wa Afrika alietokea kujulikana sana ulimwenguni kwa sasa kuliko Rais yeyote.
 
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