The outlook for African currencies is mixed next week. Those of Kenya, Nigeria and Ghana are expected to be broadly stable, while Zambia's will probably fall but Uganda's could rise, traders said.

Kenya

Kenya's shilling should continue its long-running stable trend, supported by dollar inflows from investors buying government bonds.

Commercial banks quoted the shilling at 129.25/45 to the US currency, compared with last Thursday's close of 129.20/40.

"We are not seeing much strong demand (for dollars). The view is that it (the shilling) is going to be stable," one trader said.

Nigeria

Nigeria's naira is expected to hold steady, buoyed by central bank dollar sales.

The currency was quoted at 1,360 to the dollar on the official market on Thursday, versus 1,373 a week ago.

The unit was changing hands at 1,425 to the dollar in street trading on Thursday.

"I expect the naira to be stable, particularly given the Central Bank of Nigeria's presence in the market ... to ease demand pressure," a trader said.

Ghana

Ghana's cedi will probably stay around its current levels next week thanks to mining sector dollar inflows and easing corporate demand.

LSEG data showed the cedi trading at 11.72 to the dollar, compared to 11.67 a week earlier.

"The cedi is likely to hold steady against the dollar in the coming week, supported by improved interbank liquidity and mining-sector FX inflows," a trader said.

"Demand at the last central bank FX auction still exceeded supply, but the backlog narrowed from the levels seen at the preceding auction," the trader added.

Zambia

Zambia's kwacha is likely to remain under pressure next week, as investors are cautious ahead of the August 13 general election.

On Thursday commercial banks quoted the kwacha at 19.25 per dollar, from 18.95 a week ago.

Uganda

Uganda's shilling is seen trading with a firming tone in the coming days due to expected dollar inflows from offshore investors looking to participate in a government bond auction.

Commercial banks quoted the shilling at 3,720/3,730 to the dollar, compared to last Thursday's close of 3,745/3,755.

Uganda's central bank is due to auction 990 billion shillings ($266.13 million) worth of Treasury bonds of various maturities next week.

"We anticipate strong offshore interest and those (hard-currency) inflows could give a bit of support to the local unit," a trader said, adding the shilling was expected to firm to 3,700 against the dollar.