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South Africa's bonds, rand weak on risk-averse trade JOHANNESBURG: Yields on South Africa's government debt rose on Tuesday after a poor bond auction and the rand weakened to a month-low as Greece's debt woes and Ukraine's conflict sapped risk appetite.Government bonds weakened with the yield for the 2026 benchmark jumping 13 basis points to a month-high of 7.585 percent as of 1516 GMT."It's a combination of international trends, the rand that is under pressure and then we had a weak bond auction," said Marten Banninga, head of bond trading at WWC Securities.On Tuesday the Treasury sold 2.35 billion rand ($202 million) worth of its 2030, 2044 and 2048 paper, the same bonds sold at last week's auction.However this week the papers cleared at higher yields and demand dropped.The rand was trading 1.06 percent softer at 11.7125 to the dollar, after hitting new month-low of 11.7220.Sentiment was also hit by the domestic economy's dim prospects as power utility Eskom ...

Ivory Coast aims to borrow over $1bn ABIDJAN: Ivory Coast will next month tap international lending markets for a second time, aiming to raise more than $1 billion in a placement of bonds, the country's finance minister said Thursday."The objective is to complete the operation by the end of February 2015 so that the money will be available in March," Daniel Kablan Duncan told a news conference.Ivory Coast successfully raised $750 million in a eurobond placement last July in its first foray ...
South African debt yields at over 20 month lows, rand softer JOHANNESBURG: South Africa's government bonds fell to their lowest in nearly 22 months on Friday, in a market increasingly seeing the chance that slowing inflation due to sliding oil prices will keep interest rates depressed.The yield on debt maturing in 2026 -- the benchmark for the secondary market -- fell 12.5 basis points to close at 7.355 percent, a level last seen in late May 2013.Demand by foreign accounts has driven local bonds higher this ...
Kenyan Treasury bill yields seen rising NAIROBI: Yields on Kenya's Treasury bills are expected to rise slightly at next week's sale, taking a cue from yields on a two-year bond sold this week. The central bank will auction 91-day, 182-day and 364-day Treasury bills worth a total 12 billion shillings ($132.89 million). "I think there is room for rates to go higher. The two-year bond came up a bit higher so it shows the government can pick at a better rate," ...
Nigeria sells 195.5bn naira in T-bills, yields rise LAGOS: Nigeria raised 195.56 billion naira ($1.06 billion) worth of treasury bills with maturities ranging between three months and one year at higher yields this week, the central bank said on Friday. The bank sold 33.87 billion naira in 3-month treasury bills at 11 percent, compared with 9.99 percent at the Nov. 19 auction. A total of 51.30 billion naira worth of the six month bill was sold at 13.84 percent, against 10.8 percent previously. ...
South Africa's 3-month T-Bill average yield edges up to 6.09pc JOHANNESBURG: South Africa sold 4.685 billion rand ($418 million) worth of three-month Treasury Bills on Friday, at an average yield of 6.09 percent, up slightly from 6.05 percent last week. The bid to cover ratio also edged higher to 1.4 from 1.3.Copyright Reuters, 2014 ...
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 ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln