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Middle East & Africa


South Africa govt bonds in demand JOHANNESBURG: South African government bonds rallied on Monday, pushing the yield on the 13-year benchmark to a 6-month low as demand resumed after a sell-off last week prompted by a downgrade from Fitch.   The rand also pulled back from last Friday's 5-week low against the dollar, although a renewed bout of selling could easily set it back on track towards last November's volatile 8.80-9.01 range.   The yield for the 13-year benchmark hit a trough of 7.08 percent, its lowest since late July 2012, and ended the session at 7.11 percent, down 5.5 basis points from Friday's close.   The shorter-dated issue due in 2015 shed 3.5 basis points to 5.315 percent.   The 13-year bond yield had climbed as high as 7.175 percent on Friday, the day after Fitch cut South Africa's sovereign credit rating to BBB from BBB-plus, citing a deterioration in the economic outlook.   "Today is probably a retracement from the overshoot we saw after ...

Uganda 91 days T-bill yield dips to 9.782pc KAMPALA: The yield on Uganda's benchmark 91-day Treasury bills edged down at auction on Wednesday to 9.782 percent from 9.936 percent, while those of other tenors on sale rose.   Center>Copyright Reuters, 2013 ...
South Africa bonds weaken JOHANNESBURG: South Africa's government bonds weakened and yields were higher on Friday as the local market scales back its expectations of a domestic interest rate cut this year.   Local debt also moved in tandem with the rand currency and other emerging market assets, weighed down by US Federal Reserve minutes which suggested it might pull out of its asset-buying programme sooner than expected.   "Obviously it's a risk off sentiment - on the back of that the currency ...
Uganda KAMPALA: The weighted average yield on Uganda's five-year bond jumped at an over-subscribed auction worth 100 billion shillings ($37.17 million) on Wednesday, the central bank said.   Bank of Uganda said the yield on the five-year paper climbed to 15.326 percent from 12.157 percent at its last sale in October.   Copyright Reuters, 2013* ...
Saudi Arabia to issue bonds for Jeddah, Riyadh airports DUBAI: Saudi Arabia's government will issue bonds next year backed by the kingdom's ministry of finance to fund construction work at airports in Riyadh and Jeddah, Finance Minister Ibrahim Alassaf told Al Arabiya television on Sunday.   "The rest of the bonds for King Abdulaziz Airport in Jeddah and King Khaled Airport in Riyadh will be issued this (coming) year," Alassaf said.   The kingdom's General Authority for Civil Aviation (GACA) said in January it planned to issue a ...
Kenya NAIROBI: The yield on Kenya's benchmark 91-day Treasury bills fell for a third straight week to 8.445 percent on Thursday at an oversubscribed sale, from 8.987 percent last week, the central bank said.   The bank said it received bids worth 7.86 billion shillings ($91.5 million) for the 4 billion shillings on offer, and accepted bids worth 6.4 billion shillings.   Copyright Reuters, 2012 ...
Bunds fall as equities rise, Italian sale eyed  LONDON: German Bund futures dipped on Thursday as global equities rose overnight, with investors looking to Italy's last funding hurdle of 2012 to gauge whether a recent rally in higher-yielding bonds would continue.   The treasury is seeking to place up to 6 billion euros of five- and 10-year bonds at an auction that could bring Rome within reach of its 460-465 billion euros ($594-$600 billion)2012 borrowing target.   Italian bond prices did not cheapen in the run-up to ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln