Kenya,Tanzania currencies ease vs dlr,Uganda firms

NAIROBI, June 18 (Reuters) - The Kenyan and Tanzanian shillings eased against the dollar in the week to Wednesday while the Ugandan currency firmed, dealers said.

KENYA

The Kenya shilling <KES=> eased slightly against the dollar during the week, thanks to foreign investors retrieving money after massive over-subscription for shares in mobile phone firm Safaricom's initial public offering.

At 0930 GMT commercial banks posted the unit at 64.35/55 compared with last Wednesday's closing level of 64.20/30.

Traders said the shilling hit a two-month low of 65.10/20 against the U.S currency in Friday's session.

They attributed the fall to offshore investors who participated in the just-concluded flotation of mobile phone firm Safaricom (SCOM.NR: Quote, Profile, Research, Stock Buzz) recouping funds in dollars.

"The repatriation of refunds from the Safaricom IPO put the pressure on the shilling," said a dealer at Barclays Bank.

Oil importers were also in the market for dollars, adding to the shilling's fall, dealers said.