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Kenyan shilling treads water against the dollar NAIROBI: The Kenyan shilling held steady against the dollar on Monday as importers remained on the sidelines.At 0805 GMT, leading commercial banks posted the shilling at 89.10/20, unchanged from Friday's close.The shilling, which is 2.8 percent down against the US currency this year, has been under pressure due to a dearth of dollars as tourism, a key source of foreign exchange, dwindled in the wake of frequent attacks by Islamists.Traders said the supply of dollars was still low but the currency was unlikely to tumble beyond the 89.50 level since the central bank intervened last month when it fell to that level, pumping in dollars to shore up the shilling."The supply side still looks a bit weak but we don't expect any major movements," said Duncan Kinuthia, head of trading at Commercial Bank of Africa.Copyright Reuters, 2014 ...

Egyptian pound steady on official, weaker on black market CAIRO: Egypt's pound held steady at a central bank dollar sale on Monday, when the bank said it sold $37.4 million at a cut-off price of 7.1401 pounds per dollar.The price was unchanged from Thursday's sale.In the unofficial market, the pound was trading at 7.38 to the dollar, slightly weaker than Thursday's rate of 7.37, one trader said.The rate for dollar sales has stayed in a tight range since the beginning of June, after the ...
Ugandan shilling weakens on importer demand KAMPALA: The Ugandan shilling fell for a second session on Monday, weighed down by dollar demand from importers, with the weakening seen as likely to persuade the central bank to keep interest rates on hold on Tuesday.At 0942 GMT commercial banks quoted the shilling at 2,673/2,683, weaker than Friday's close of 2,667/2,677."We're seeing a continuation of appetite from importers," said Centenary Bank trader Sage Daniel Muganza.Muganza said liquidity in the interbank market was tightening after ...
South Africa's rand halts 4-day gains as investors shun risk JOHANNESBURG: South Africa's rand snapped a four-day winning streak against the dollar on Friday, amid a lack of domestic impetus to counter rising concerns about the state of the global economy which left investors averse to risky assets. The market has moved on from the euphoria of respected deputy Governor Lesetja Kganyago being appointed to take over as central bank chief when Gill Marcus retires on Nov. 8. Market players are now focused on Finance ...
Kenya shilling dips in quiet morning trade, may gain next week NAIROBI: Kenya's shilling weakened slightly in quiet Friday morning business as traders bought dollars to square positions before the weekend, while demand for shillings to meet tax payments could help strengthen the currency next week.By 0720 GMT, the shilling was 89.05/89.15 to the dollar, modestly weaker than Thursday's close of 89.00/89.10 but still in a tight range of recent sessions of roughly 89.00 to 89.30."It's Friday so typically we don't see a lot of trading ...
Ugandan shilling slips on manufacturer dollar demand, rate expectations KAMPALA: The Ugandan shilling weakened on Friday due to a surge in demand for dollars by manufacturing firms and commercial banks before the central bank's decision on Tuesday that could see the key lending rate cut.At 0929 GMT commercial banks quoted the shilling at 2,670/2,680, weaker than Wednesday's close of 2,653/2,663. "I am seeing a lot of appetite from importers like manufacturing firms who want dollars to buy raw materials," said Isaac Iga, chief dealer ...
Kenyan shilling stronger on inflows from offshore investors NAIROBI: The Kenyan shilling was stronger on Thursday, and traders said it was expected to strengthen mainly due to dollar inflows from investors seeking to buy a Treasury bond on sale.At 1005 GMT, commercial banks quoted the shilling at 88.95/89.10 to the dollar, compared with Wednesday's close of 89.05/89.15.The central bank said it will auction a 12-year infrastructure bond worth up to 15 billion shillings ($168.63 million), which traders said was attractive to investors.The proceeds ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln