Unprecedented market swings for East Africa in February 2025

At the start of 2025, Kenya and Tanzania have been key talking points, albeit for extremely different reasons. Kenya has seen a near-stagnating FX market in terms of volatility despite some fairly seismic macro developments across the economy. Whereas Tanzania has had a quieter period with fewer headline events. The FX market has seen unprecedented swings over the last few months as the liquidity picture whipsawed wildly.

In this latest report, you’ll learn the latest on the FX markets in East Africa including updates on Kenya, Tanzania and Central Africa.