All
 

 

Just in:  

You are here: Home»Markets»Fixed Income»Middle East & Africa

Middle East & Africa

Archive

Ugandan shilling little changed but expected to strengthen KAMPALA: The Ugandan shilling was little changed on Tuesday though traders were betting on a stronger local currency in the short term, buoyed by inflows from end-of-year spending by non-governmental organisations (NGOs).At 0946 GMT commercial banks quoted the shilling at 2,745/2,755, a touch stronger than Monday's close of 2,748/2,758."NGOs close the year early so we expect significant conversions from them in the coming days," said Isaac Iga, chief dealer at Orient Bank. "Those inflows, added to remittances from emigrant workers, should outweigh any demand."Local NGOs typically receive donations in hard currency and Isaac said they would be doing conversions to pay salaries for November and December and meet any outstanding operational expenses for the year.The local currency is down 8.2 percent against the greenback so far this year.Traders say the local currency is likely to oscillate in the 2,720-2,750 range ahead of the release of November inflation data, which trader's ...

Kenyan shilling weakens to near 3-year lows on dollar buying NAIROBI: Kenya's shilling fell to a new three-year low on Tuesday, weakened by concerns the central bank has wiped out some of its reserves and due to falling revenue from the tourism and tea sectors, while shares also retreated.At the 1300 GMT close of trade, commercial banks posted the shilling at 90.30/90.40 against the dollar, weaker than Monday's closing level of 90.05/90.25 against the dollar."People are waiting to see if the central bank will intervene ...
Egypt sold $1.796bn of dollar-denominated T-bills CAIRO: Egypt's central bank said it sold $1.796 billion in one-year dollar-denominated treasury bills to local banks and foreign financial institutions on Monday, more than the bank had expected when it announced the auction. The government has relied mainly on the local money market to finance its public deficit since a popular uprising in early 2011 that deterred many foreign investors. Announcing thhe auction last Thursday, the central bank said it intended to sell $1.75 ...
Egypt sells 734.3mn euros of 1-year T-bills: central bank CAIRO: Egypt's central bank said on Monday it had sold 734.3 million euros ($917.80 million) in euro-denominated one-year treasury bills at an average yield of 1.894 percent.The government has turned mainly to the local money market to finance its public deficit since Egypt's popular uprising in early 2011 deterred most foreign investors.Copyright Reuters, 2014 ...
South Africa's bonds, rand end week firmer JOHANNESBURG: Yields on South African government bonds dropped to two-week lows on Friday, reflecting an upbeat mood in emerging markets as a falling oil price improves prospects for benign inflation. The South African Reserve Bank is due decide on interest rates next week and dealers say the combination of moderating inflation domestically, a relatively stable rand and the lower price of Brent crude should see the central bank stay put on interest rates. The yield ...
Kenya 91-day T-bills yield falls to 8.670pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.670 percent at auction on Thursday from 8.706 percent last week, the central bank said. The bank received bids worth a total 458.5 million shillings ($5.13 million) for the 3 billion shillings worth of bills on offer, and accepted the entire amount.Copyright Reuters, 2014 ...
Kenya 91-day Treasury bill yield falls to 8.706pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.706 percent at auction on Thursday from 8.715 percent a week ago, the central bank said. The bank said it received bids worth 639 million shillings ($7.16 million) for the 3 billion shillings worth of bills on offer, and accepted the entire amount. The bank said it would auction a 91-, 182- and 364-day Treasury bills worth a total of 12 billion shillings ...

 



 
IndexClosingChg%
ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,729.17 0.03
ArrowDAX 9,915.56 0.55
ArrowCAC-40 4,373.42 0.20
ArrowNikkei 17,383.58 0.14
ArrowH.Seng 24,111.98 1.12
ArrowSensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln