Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. A volatile global currency market in the first half of 2025, sparked by softening demand for the US dollar and a rally in European currencies, has had wide-reaching effects across East Africa.
Driven by rising geopolitical tensions, softening investor confidence in US assets, and a rally in European currencies, the region’s three largest economies, Tanzania, Kenya and Uganda, have each recorded different outcomes in their exchange rates against the British pound, US dollar and euro.
