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Kenyan shilling weakens vs dollar, shares extend gains NAIROBI: The Kenyan shilling weakened on Monday as importers bought dollars with an eye on a court ruling due this week on a challenge to the presidential election, while shares rose for a second session.At the 1300 GMT market close, commercial banks quoted the shilling at 85.90/86.10 to the dollar, 0.2 percent weaker than Friday's close of 85.70/90."We're looking at some month-end dollar demand with a focus on the end-of-the-week court ruling," said Dickson Magecha, a trader at Standard Chartered Bank, referring to a petition lodged by defeated presidential contender Raila Odinga.The shilling has been trading in a tight band of 85.00 to 86.00 against the dollar since Odinga challenged the result of the March 4 election at the Supreme Court. Uhuru Kenyatta, who faces of charges of crimes against humanity at the International Criminal Court, was declared winner in the poll.If the court rules in favour of Odinga and ...

South Africa JOHANNESBURG: South Africa's rand was on a slightly firmer footing against the dollar early on Monday, buoyed by weekend news that a strike at mining firm Exxaro which had threatened coal supply to the state electricity utility has been resolved.The local unit also tracked gains in the euro, which rose after debt-ridden Cyprus secured a 10 billion euro bailout, soothing investors who had dumped risky assets over the crisis.The rand was up 0.2 percent against ...
Ugandan shilling treads water vs dollar KAMPALA: The Ugandan shilling traded flat against the dollar on Friday but could come under short term pressure as companies make dividend payments to foreign owners, traders said.Market players said the investors were also awaiting the outcome of a legal challenge to the result of this month's presidential election in Kenya, Uganda's neighbour and biggest trading partner."Where we are, I think the shilling's strengthening has just about reached the bottom. It's unlikely to move further ...
South Africa JOHANNESBURG: South Africa's rand fell to a fresh four-year low against the dollar on Wednesday after the Reserve Bank said it would not intervene to halt a slide in the currency.Government bonds also weakened after data released earlier in the day showed a bigger than expected rise in February consumer inflation.The rand was at 9.2700 to the dollar at 1535 GMT, down 0.2 percent from its close in New York on Tuesday, after hitting a ...
S.Africa JOHANNESBURG: South Africa's rand fell to a fresh four-year low against the dollar on Wednesday after the Reserve Bank said it would not intervene to halt a slide in the currency.Government bonds also weakened after data released earlier in the day showed a bigger than expected rise in February consumer inflation.The rand was at 9.2700 to the dollar at 1535 GMT, down 0.2 percent from its close in New York on Tuesday, after hitting a ...
South Africa raJOHANNESBURG: South Africa's rand was flat on Wednesday and government bond yields ticked higher with market players expecting the Reserve Bank to keep interest rates at 40-year lows as it balances a struggling economy with rising inflation.The yield on the 2026 bond, the market benchmark, inched up half a basis point to 7.455 percent while the paper maturing in 2015 added one basis point to 5.45 percent.The rand was at 9.2550 to the dollar by ...
South Africa JOHANNESBURG: South Africa's rand is likely to trade in a narrow range on Tuesday as a cautious market awaits consumer inflation data and the central bank's interest rate decision on Wednesday.The rand was at 9.1790 to the dollar at 0648 GMT, barely changed from Monday's New York close.Doubts over whether lawmakers in Cyprus would approve a contentious bailout plan that will impose a levy on bank deposits have also kept global markets on edge.Cyprus's parliament ...

 



 
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyApril
Trade Balance $-1.779 bln
Exports $2.130 bln
Imports $3.909 bln
WeeklyMay 20, 2013
Reserves $11.601 bln