Tanzania Shilling Loses Against Kenya Shilling Amid CHAN Match Ticket Claims
- The Kenyan shilling remained bullish in the foreign exchange market for more than eight months.
- The shilling beat regional and international currencies, including the Uganda shilling, the Tanzania shilling, and the US dollar
- Recent reports claimed that Kenyans took advantage of the local currency strength to buy all tickets for the CHAN match between Tanzania and Morocco
- The Tanzanian shilling reported slight pressure from the Kenyan shilling amid the claims on Friday, August 22
Wycliffe Musalia has over six years of experience in financial, business, technology, climate, and health reporting, providing deep insights into Kenyan and global economic trends. He currently works as a business editor at TUKO.co.ke.
Tanzanian shilling has reported a slight pressure against the Kenyan shilling in the week of the CHAN quarter-final matches.
Source: Twitter
This followed reports claiming that Kenyans bought all the tickets for the CHAN match between Tanzania and Morocco.
How much are Tanzania match tickets in Kenyan shillings?
A ticket for the Tanzanian clash with Morocco cost TSh 2,000, which a Kenyan fan claimed to have bought tickets worth TSh 200,000.
Search option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner ;)
According to the Central Bank of Kenya (CBK), Tanzanian shilling exchanged at TSh 19.38 per Kenyan shilling on Friday, August 22, ahead of the match.
This means every ticket bought in Kenyan shillings costs KSh 103.19.
However, Tanzania President Samia Suluhu dismissed the claims that Kenyans bought all the tickets, assuring supporters that no such scheme had taken place.
Suluhu's administration noted that every supporter who wished to attend would be able to access the stands.
Are there changes in Kenyan shilling value against Tanzanian shilling?
CBK data showed the shilling gained value against the Tanzanian shilling days to the CHAN match.
On Wednesday, August 20, the Tanzanian shilling traded at TSh 19.36 per Kenyan shilling.
However, on Friday, August 22, the Tanzanian shilling lost against the Kenyan currency to trade at KSh 19.38.
Source: UGC
In June 2025, the Tanzanian shilling recovered from the world's worst-performing currency.
Bloomberg reported that the TZS appreciated by 1% to trade at 2,588.12 against the US dollar, marking a 3.7% gain.
Why Tanzanian shilling regains value
This followed measures employed by President Samia Suluhu's administration.
The Bank of Tanzania officially banned the use of foreign currencies, including the US dollar, for all local transactions in an effort to stabilise the weakening shilling.
Suluhu enacted new foreign exchange regulations that required all goods and services to be priced and paid for exclusively in Tanzanian shillings.
More to follow...
Source: TUKO.co.ke
