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African markets: factors to watch on July 10

KENYA MARKETS

The Kenyan shilling held steady on Tuesday, with dollar supply and importer demand matching each other, traders said.

CENTRAL BANK OF ETHIOPIA

Ethiopia’s central bank said on Tuesday it was adopting an interest-rate-based monetary policy regime, setting its initial rate at 15% and creating an interbank market for currency trading, in a major restructuring of the country’s banking sector.

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