Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Kenya Shilling Gains Second Day on Increased Tea, Coffee Sales

Don't Miss Out —
Follow us on:

March 28 (Bloomberg) -- Kenya’s shilling strengthened for a second day as tea and coffee sales increased at weekly sales, leading to a higher inflow of dollars.

The currency of East Africa’s biggest economy appreciated as much as 0.4 percent to 82.80 per dollar and was trading 0.1 percent stronger at 82.98 to the dollar at 12:16 p.m. in Nairobi. A close at this level will be the longest winning streak since March 13, according to data compiled by Bloomberg.

Kenya’s coffee prices rose 9 percent at a sale yesterday, the Nairobi Coffee Exchange said in an e-mailed statement today. The average price climbed to $230.12 for a 50-kilogram (110-pound) bag, from $211.05 a week earlier, as sales more than doubled to 7,002 bags, the exchange said. African tea prices rose to an average of $2.79 a kilogram from $2.74 last week at a weekly sale in Mombasa, Tea Brokers East Africa Ltd. said in an e-mailed statement today.

Tanzania’s shilling weakened, depreciating as much as 0.3 percent to 1,598 per dollar and last traded 0.1 percent lower at 1,594.5.

The Ugandan shilling gained for a second day, appreciating as much as 0.8 percent. It last traded 0.4 percent stronger at 2,495 to the dollar.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at

To contact the editor responsible for this story: Antony Sguazzin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.