Spotlight on Zim, Kenya & SA

Kenya Kenya’s economy is projected to grow by 6.6% in 2022 according to the Finance Ministry. The main risks being the new Delta variant and political instability ahead of an August general election | The officials also said that the budget deficit is expected to shrink to 5.6% of GDP. | The Kenyan Shilling remains firm at the 108 level against the USD and 150 against Sterling.

South Africa

President Cyril Ramaphosa has appointed the chairman of the Development Bank of Southern Africa, Enoch Godongwana, as the new Finance Minister after Tito Mboweni's resignation | The Rand has recovered all of its mid-week losses against the US Dollar and Sterling - ending the week at USDZAR 14.63 and GBPZAR 20.30 respectively.


Qatar Airways made its inaugural landing in Harare this afternoon. | In a strong sign of confidence in Zimbabwe's economic prospects; the winner of the World’s Best Airline Award for 2021 will make three flights every week on Wednesday, Friday and Sunday. Full Schedule: Doha (DOH) to Lusaka (LUN) QR1455 departs: 02:20 arrives: 08:50, Lusaka (LUN) to Harare (HRE) QR1455 departs: 10:20 arrives: 11:20, Harare (HRE) to Lusaka (LUN) QR1456 departs: 18:55 arrives 19:55, Lusaka (LUN) to Doha (DOH) QR1456 departs: 21:25 arrive 05:55 (+1)

At Heritage Pay, we specialise in high value money transfers to emerging markets. We are particularly suited to helping individuals buying property abroad; importers paying foreign suppliers; and investors to other countries. So to discuss how the above may affect your money transfer requirements, please contact your Currency Dealer at Heritage Pay on: +44 (0) 207 117 2934 - free on WhatsApp.

None of the information in this article is, nor should be construed as, financial advice. All foreign exchange transactions involve risk and you should always seek your own independent financial advice before entering into any foreign exchange transaction.

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