Why a weaker shilling in East Africa is not all bad news

Shillng pic

Dar es Salaam. The recent depreciation of the Tanzanian shilling against the currencies of regional peers Kenya, Uganda and Burundi is poised to benefit Tanzania’s exports.

Analysis by The Citizen indicated that as of Wednesday, the shilling has depreciated noticeably against the Kenyan shilling, Ugandan shilling, and Burundian franc.