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Kenyan shilling flat, seen vulnerable NAIROBI: The Kenyan shilling was steady on Monday but was seen vulnerable if the tight money market conditions ease up, traders said. At 0705 GMT, commercial banks quoted the shilling at 88.05/88.15 to the dollar, unchanged from its closing level on Friday. The shilling has been supported by tighter conditions on the interbank market, where the weighted average lending rate rose to 11.9492 percent on Friday from about 7.5 percent in mid-July. Commercial Bank of Africa trader Joshua Anene said the shilling looks vulnerable as the currency had been weakening over the past two weeks even though liquidity has tightened. "That tells you that if money market conditions improve, and the rates come down, then the shilling should come under pressure," he said. Anene added that the central bank may once again intervene if the shilling continues weakening. <Center><b><i>Copyright Reuters, 2010</b></i><br></center>Copyright Reuters, 2014 ...

South African rand steady versus the dollar, bond yields mixed JOHANNESBURG: The rand held steady against the dollar on Monday ahead of major economic data releases locally and abroad, with the market keeping a keen eye on South African and US consumer inflation numbers later in the week. The local unit edged 0.01 percent firmer, to 10.5900 versus the greenback by 0642 GMT, just shy of the 10.6000 mark. "The local unit held around a 100-day moving average of R10.56 against the dollar, after advancing ...
South Africa&#39;s rand steady, pauses near 10.50 resistance JOHANNESBURG: South Africa's rand held steady against the dollar early on Friday, pausing in its recent march towards the key 10.5000 resistance level. At 0610 GMT, the unit was trading at 10.5420 to the dollar, slightly firmer from its close in New York on Thursday. The rand, which has notched up five days of daily gains against the dollar, received a boost from a rise in US jobless claims the previous session, climbing to its ...
Kenyan shilling steady on tight liquidity, stocks inch up NAIROBI: The Kenyan shilling was little changed on Thursday after a slowdown in dollar demand from companies put off by tight liquidity, while stocks nudged higher. At the 1300 GMT market close, commercial banks quoted the shilling at 88.05/88.15 to the dollar, barely changed from its closing level of 88.00/88.10 on Wednesday. "Tight liquidity has kept position-taking at bay," said Sheikh Mehran, head of trading at I&M Bank. "Today has been a very flat day ...
Nigeria raises 100bn naira in bonds at higher yields LAGOS: Nigeria sold 100 billion naira ($616.90 million) worth of bonds with maturities ranging between three and 20 years at auction on Wednesday, fetching higher yields than previously, the Debt Management Office said on Thursday.The debt office said 15 billion naira of 3-year debt notes were sold, fetching 11.12 percent, higher than the 11 percent they got at the July auction, while 50 billion naira of 10-year debt was sold at 12.22 percent against 12.19 ...
Kenyan shilling steady after dollar demand fizzles NAIROBI: The Kenyan shilling was little changed on Thursday after dollar demand by companies fizzled and dollar inflows remained scant, but traders said the currency had a bias for easing.At 0830 GMT, commercial banks quoted the shilling at 88.05/88.15 to the dollar from its closing level of 88.00/88.10 on Wednesday."Corporate demand has decreased and companies are not buying at these levels, which is keeping the shilling from sliding further," said Sheikh Mehran, head of trading ...
Kenyan shilling under pressure, Nairobi share index slips NAIROBI: The Kenyan shilling inched down on Wednesday due to strong demand for dollars from companies and banks.Nairobi's benchmark NSE-20 share index slipped on mild profit taking.At the 1300 GMT market close, commercial banks quoted the shilling at 88.00/88.10 to the dollar, recovering from an intra-day low of 88.10/88.20. The shilling had closed at 87.95/88.05 on Tuesday."There has been weakness in the shilling due to corporate demand and short-covering by banks, which forced it to ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln