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Tag: Standard Gauge Railway

Industry

Maersk boosts Kenya’s SGR train with full block

17th April 201817th April 2018 EABW EditorComments(5)

MOMBASA, Kenya–The world’s largest container shipping company Maersk on Friday engaged the services of a full block freight train to ferry cargo from the Port of Mombasa via the Standard Gauge Railway (SGR) to the Inland Container Depot (ICD) in Nairobi. In a move billed as a game changer and a major boost for the […]

In the market

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session.
Markets

Dollar Creeps Lower on Cooling Hopes of Delay to Tariffs on China

11th December 2019 EABW Editor Comment(0)

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session. Market activity was surprisingly dreary, with both demand and supply counters sizing each other out. Foreign currency flows were evenly matched for the majority of the session and kept the USDUGX currency pair steady. Looking ahead, flows are likely […]

The Uganda shilling continued its bullish trajectory against the dollar in Thursday’s trading session, boosted by ample dollar supply..

Dollar heads for weekly decline as data and trade tensions weigh

6th December 2019 EABW Editor Comment(0)

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Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan.

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