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South Africa's rand weakens after ECB unveils details of stimulus plan JOHANNESBURG: South Africa's rand weakened against the U.S. dollar on Thursday as the European Central Bank's announcement detailing its $1 trillion bond buying programme failed to halt the greenback's strong run.At 1620 GMT the rand had softened 0.3 percent to 11.8285 per dollar in volatile trade. It earlier gained close to 0.5 percent to 11.7300, its strongest level in a week, after the ECB's announcement.The dollar index showed the greenback maintaining its positive run as it chalked up 0.44 percent against a basket of major currencies, with the euro a major loser, down 0.51 percent .With no local data releases, market attention was squarely focused on the ECB's policy meeting in Cyprus where the bank said it would begin its 60 billion euro ($66 billion) a month quantitative easing program from Monday.Local bonds were subdued and hardly moved on the QE details, with the yield on the highly-traded instrument due ...

Kenyan shilling firms, stocks fall for third day NAIROBI: Kenya's shilling firmed on Thursday helped by slow importer dollar demand and on expectations of foreign investors buying a government bond on sale this month.Stocks fell for a third consecutive day.The shilling closed at 91.05/15 to the dollar, compared with Wednesday's close of 91.15/25 to the dollar.Traders the shilling will also gain from hard currency inflows foreign investors preparing to buy an infrastructure bond on sale this month."Demand has somewhat eased after most of ...
Egypt's pound steady on official auction and black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Thursday, while the pound stayed stable on the black market. The central bank said it offered $40 million on Thursday and sold $38.4 million at a cut-off price of 7.5301 pounds per dollar, unchanged from the last auction on Wednesday. The central bank has now kept the official exchange rate steady for more than a ...
Ugandan shilling recovers after central bank dollar sale KAMPALA: Uganda's central bank was offering US dollars for sale after the shilling weakened to a record low on Thursday, traders said.The Bank of Uganda intervened after the local currency hit a new all-time low of 2,940/2,950 in early morning trading. The shilling's fall slowed to 2,930/2,940 after the dollar sell-off.Copyright Reuters, 2015 ...
South Africa's rand softer as US data hopes support dollar JOHANNESBURG: South Africa's rand was still on the back-foot on Thursday after falling to a three week low overnight in an emerging market sell-off prompted by expectations of strong US jobs data in the next session.The rand traded at 11.8280 per dollar, down 0.29 percent from its previous close.The rand partly tracked the euro, which wallowed near its weakest level in over 11 years against the dollar as investors waited for the European Central Bank ...
Egypt's pound steady on official auction, slightly weaker on black market CAIRO: Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Wednesday, and the pound remained marginally weaker albeit relatively stable on the black market.The central bank said it offered $40 million on Wednesday and sold $38.3 million at a cut-off price of 7.5301 pounds per dollar.The central bank has now kept the official exchange rate steady for more than a month after letting the pound ...
Kenyan shilling firms after banks sell dollars, stocks fall NAIROBI: Kenya's shilling firmed on Wednesday after banks sold dollars to unwind their long positions in the face of scant demand so far this week, while stocks were down for a second day.At close of trade at 1300 GMT, commercial banks quoted the shilling at 91.15/25 to the dollar, compared with Tuesday's close of 91.25/35. It firmed to an intra-day high of 91.00/20 during the session before reversing some gains."We have seen modest gains on ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln