Think RMB.

East African markets round up

2016-12-07

As the festive season nears, markets in East Africa are unlikely to experience change in appetite. For Kenya, the shilling continues to tick weaker, but in an orderly fashion but will remain supported by increase in tourism revenue and a $1.5 billion precautionary facility from the IMF which the central bank is yet to tap. Across the borders in Uganda and Tanzania, both currencies are stable, but analysts say the Uganda shilling move has scared off potential investors. Roy Daniels, Head of Africa Trading desk at Rand Merchant Bank joins CNBC Africa for more.