Middle East Africa Forex - Markets

Forex

South African rand falls on Turkey contagion, SARB rate signals

JOHANNESBURG: South Africa's rand fell on Thursday, hurt by contagion from a sharp drop in the Turkish lira and...

Published 18 Nov, 2021 08:32pm

Forex

South Africa's rand firms, focus on central bank meeting

JOHANNESBURG: South Africa's rand firmed early on Monday as the dollar eased, with market focus in the week on...

Published 15 Nov, 2021 12:21pm

Financial

South African rand climbs to nine-week high vs dollar

 The rand traded at 17.3100 per dollar at 0615 GMT, up nearly 0.4pc from its previous close and its strongest since

Published 28 May, 2020 11:10am

Financial

Kenyan shilling weakens a notch on end-month importer demand

 At 0823 GMT, commercial banks quoted the shilling at 107.10/30 per dollar, compared with 107.05/25 at Tuesday's clo

Published 27 May, 2020 11:11am

Financial

Kenyan shilling steady amid slight pick up in dollar demand

NAIROBI: The Kenyan shilling held steady on Tuesday amidst some dollar demand from merchandise importers and the energy

Published 26 May, 2020 11:01am

Financial

Ugandan shilling little-changed, may firm on charity and coffee inflows

KAMPALA: The Ugandan shilling was little-changed on Tuesday but was expected to strengthen, helped by some dollar inflow

Published 26 May, 2020 10:41am

Financial

South Africa's rand retreats as US-China tensions dim rate cut cheer

The rand was 0.62pc weaker at 17.7200 per dollar, having rallied to 17.5100, its highest since March 27. Bonds

Published 22 May, 2020 11:08am

Financial

Kenyan shilling stable, supported by tight liquidity

At 0837 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Thursday's cl

Published 22 May, 2020 09:39am

Financial

South Africa's rand retreats as investors await rates decision

The rand was 0.55pc weaker at 18.0250 per US dollar after hitting 17.8920, its firmest since April 9, in the previo

Published 21 May, 2020 01:32pm

Financial

Kenyan shilling steady, helped by tight liquidity

At 0958 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Wednesday's c

Published 21 May, 2020 11:02am

Financial

Ugandan shilling steady helped by auction and commodity exports

At 0925 GMT commercial banks quoted the shilling at 3,785/3,795, same level as Wednesday's close. KAMPALA: Th

Published 21 May, 2020 10:52am

Financial

South Africa's rand firms as vaccine hopes boost risk demand

At 0700 GMT the rand was 0.14pc firmer at 18.3200 per dollar, versus an overnight close of 18.3460. Optimism t

Published 20 May, 2020 10:05am

Financial

Kenyan shilling steady, tight liquidity helps

At 0748 GMT, commercial banks quoted the shilling at 106.70/90 per dollar, the same as Tuesday's close. NAIRO

Published 20 May, 2020 09:40am

Financial

Turkish lira rallies against dollar on rising risk appetite

The lira, which has been trading near its weakest ever levels reached during a currency crisis in 2018, firmed as f

Published 17 Apr, 2020 12:43pm

Financial

Kenya's shilling seen under pressure next week

The kwacha is likely to hold in a range against the US dollar next week as market players sell hard currency for kw

Published 16 Apr, 2020 12:42pm

Financial

South African rand falls most on surprise rate cut; stocks slip

The rand weakened about 1.5pc to the dollar after South Africa's central bank delivered a surprise 100 basis point

Published 15 Apr, 2020 01:19pm

Financial

Turkish lira weakens to lowest level since Aug. 2018

The lira stood at 6.8580 against the dollar 0834 GMT, its lowest since August 2018, weakening from a close of 6.820

Published 15 Apr, 2020 01:17pm

Financial

Kenyan shilling remains unchanged against the dollar

At 1013 GMT, commercial banks quoted the shilling at 105.80/106.00 per dollar, the same as Tuesday's close. "N

Published 15 Apr, 2020 12:51pm

Financial

Ugandan shilling strengthens amid coronavirus-induced lockdown

At 1009 GMT commercial banks quoted the shilling at 3,750/3,760, compared to Tuesday's close of 3,765/3,775.

Published 15 Apr, 2020 12:50pm

Financial

South Africa's rand firms as Chinese trade data lifts riskier currencies

The rand traded at 18.0600 per dollar, 0.2pc firmer than its previous close. South Africa entered a recession

Published 14 Apr, 2020 11:29am

Financial

Kenyan shilling stable on weak dollar demand

At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.

Published 14 Apr, 2020 11:09am

Financial

Ugandan shilling posts some gains as banks pare positions

At 0936 GMT commercial banks quoted the shilling at 3,765/3,775, compared to last Thursday's close of 3,780/3,790.

Published 14 Apr, 2020 10:55am

Financial

Ugandan shilling weakens due to commercial bank dollar demand

At 1041 GMT, commercial banks quoted the shilling at 3,800/3,810, compared to Tuesday's close of 3,770/3,780.

Published 08 Apr, 2020 01:53pm

Financial

South Africa's rand rallies with riskier assets on signs of slower coronavirus infection rates

Stocks were also significantly higher, as yield and value hungry investors kept on the sidelines during recent vola

Published 07 Apr, 2020 03:13pm

Financial

Turkish lira firms on coronavirus slowdown hopes

The lira stood at 6.7185 against the dollar at 0828 GMT, firming from a close of 6.7915 on Monday. Turkey's de

Published 07 Apr, 2020 01:31pm

Financial

Kenyan shilling weakens as players beef up positions

At 0852 GMT, commercial banks quoted the shilling at 106.30/50 per dollar, compared with 106.20/40 at Friday's clos

Published 06 Apr, 2020 01:16pm

Financial

Kenyan shilling seen under pressure as economy reels from virus

At 1029 GMT, commercial banks quoted the shilling at 105.80/106.00 against the dollar, compared with 105.75/95 at T

Published 03 Apr, 2020 01:32pm

Financial

Turkey's lira edges up as trade sags, Ankara eyes next step

The lira was up some 0.3pc to 6.6840 against the dollar by 0812 GMT, from Wednesday's close of 6.7040. The tra

Published 02 Apr, 2020 01:09pm

Financial

Tightening liquidity helps to support Ugandan shilling

At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price. K

Published 02 Apr, 2020 12:31pm

Financial

Kenyan shilling weakens against the dollar

At 0935 GMT, commercial banks quoted the shilling at 105.75/95 per dollar, compared with 105.45/75 at Wednesday's c

Published 02 Apr, 2020 11:27am

Financial

Ugandan shilling holds steady due to reduced market activity

At 1009 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Tuesday's closing price. KA

Published 01 Apr, 2020 02:16pm

Financial

Ugandan shilling holds steady against the dollar

At 0918 GMT, commercial banks quoted the shilling at 3,785/3,797, unchanged from Monday's closing price. KAMP

Published 31 Mar, 2020 01:41pm

Financial

Kenyan shilling edges down against dollar

At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's clos

Published 31 Mar, 2020 12:48pm

Financial

Kenyan shilling holds steady against the dollar

At 0950 GMT, commercial banks quoted the shilling at 104.55/75 per dollar, compared with 104.50/70 at Friday's clos

Published 30 Mar, 2020 03:52pm

Financial

Turkish lira slides 2pc, airlines hit as coronavirus spreads

Airline shares also came under pressure, hit by a drastic reduction in flights, with Pegasus Airlines halting domes

Published 30 Mar, 2020 01:48pm

Financial

Kenyan shilling gains ground, helped by lacklustre dollar demand

The government has also announced a series of measures including tax cuts to cushion the economy from coronavirus.

Published 27 Mar, 2020 12:51pm

Financial

Turkey's lira slides as tourism, trade brace for virus impact

The lira weakened to 6.454 against the dollar at 1011 GMT, compared to Thursday's close of 6.4. The government

Published 27 Mar, 2020 11:39am

Financial

South Africa's rand weaker as national lockdown approaches

The rand was 0.4pc weaker at 17.4050 per dollar, snapping a two-session rally that had driven the unit to 17.1900,

Published 26 Mar, 2020 02:15pm

Financial

South Africa's rand rises on Fed support even as lockdown looms March 24,

The rand traded at 17.7200 to the dollar, 0.73pc stronger than its previous close. Stocks also rose. The rand

Published 24 Mar, 2020 12:41pm

Financial

Turkish lira rebounds after central banks ramp up funding

The lira stood at 6.5250 against the dollar by 0911 GMT, having firmed as far as 6.4800 from a close of 6.5600.

Published 24 Mar, 2020 12:36pm

Financial

Kenya shilling weakening caused by 'malicious actors': central banker

He also accused unnamed traders, or "malicious actors", of contributing to the weakening through indiscipline.

Published 24 Mar, 2020 12:29pm

Financial

South Africa's rand on the ropes as virus fears mount

The rand traded 1.08pc weaker at 17.7200 per dollar, after hitting a high of 17.5800 earlier in the session as it e

Published 23 Mar, 2020 04:01pm

Financial

Ugandan shilling extends losing streak amid demand by banks, offshore investors

At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830. K

Published 23 Mar, 2020 11:42am

Financial

Turkish lira headed for 6th stumble in last 8 days

The lira stood at 6.5920 against the dollar by 0826 GMT, from Friday's close of 6.5480. The consumer confidenc

Published 23 Mar, 2020 10:59am

Financial

Kenyan shilling edges down as investors flee to safety

The shilling fell close to its record low on Friday due to concerns about the impact of the coronavirus outbreak.

Published 23 Mar, 2020 10:43am

Financial

Kenyan shilling hammered by the impact of coronavirus

The government has closed down schools indefinitely, restricted large public gatherings and limited entry into Keny

Published 20 Mar, 2020 01:52pm

Financial

South Africa's rand, stocks bounce as central bank measures ease virus pain

The South African Reserve Bank (SARB) announced additional emergency liquidity measures to ease the stress on banks

Published 20 Mar, 2020 12:35pm

Financial

South Africa's rand firms ahead of inflation data

The rand was 0.07pc firmer at 14.9930 against a close of 15.0030. The rand has fallen more than 7pc since begi

Published 19 Feb, 2020 11:28am

Financial

Ugandan shilling flat amid some charity flows

The shilling at 3,665/3,675, unmoved from Tuesday's close. KAMPALA: The Ugandan shilling traded stable on Wed

Published 19 Feb, 2020 10:42am

Financial

Kenyan shilling under pressure against the dollar

The shilling at 101.20/40 per dollar, compared with 101.00/20 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 19 Feb, 2020 10:41am

Financial

Uganda shilling weakens a touch on uptick in interbank demand

The shilling at 3,670/3,680, compared to Monday's close of 3,665/3,675. KAMPALA: The Ugandan shilling traded

Published 18 Feb, 2020 01:09pm

Financial

South Africa's rand ticks lower as Moody's stokes downgrade fears

The rand was 0.32pc lower at 15.0280 per dollar, its weakest level since Feb. 10, by 0600 GMT. Bonds were slig

Published 18 Feb, 2020 11:27am

Financial

Kenyan shilling weakens against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close. NAIROBI: The Kenyan shil

Published 18 Feb, 2020 11:20am

Financial

Turkish lira weakest since May as Syria, central bank decisions loom

The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday. ISTANB

Published 18 Feb, 2020 09:45am

Financial

Ugandan shilling stable, demand seen picking up after tax payments

The shilling at 3,665/3,675, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 17 Feb, 2020 03:27pm

Financial

South African rand firmer as China rate cut soothes virus anxiety

Bonds were slightly weaker with the yield on the benchmark government bond due in 2026, adding 1.5 basis points to

Published 17 Feb, 2020 11:24am

Financial

Kenyan shilling stable amid slow dollar demand

The shilling at 100.55/75 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was stable on

Published 17 Feb, 2020 10:59am

Financial

South Africa's rand firmer after Ramaphosa's speech

The rand was 0.41pc stronger at 14.8910 per dollar. Eskom supplies more than 90pc of South Africa's electricit

Published 14 Feb, 2020 11:32am

Financial

Kenyan shilling stable, helped investors buying government bonds

The shilling at 100.50/70 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling held steady

Published 14 Feb, 2020 10:54am

Financial

Ugandan shilling stable, dollar demand slow

The shilling at 3,660/3,670, same level as Thursday's close. KAMPALA: The Ugandan shilling was unchanged on F

Published 14 Feb, 2020 10:17am

Financial

South African rand falls as virus death toll knocks risk appetite

The rand traded at 14.9500 per dollar, 0.67pc weaker than its previous close. South Africa, investors await Pr

Published 13 Feb, 2020 10:32am

Financial

Kenyan shilling stable, expected to trade in narrow range

The shilling at 100.50/70 per dollar, compared with 100.55/75 at Wednesday's close. NAIROBI: The Kenyan shill

Published 13 Feb, 2020 09:59am

Financial

South Africa's rand falls after dismal data, stocks rise

The rand was 0.3pc weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320. On the

Published 12 Feb, 2020 04:05pm

Financial

Turkish lira weakens on concerns of escalation in Syria

The lira stood at 6.0595 at 1520 GMT, weakening from a close of 6.0170. Earlier, it declined as much as 0.79pc

Published 12 Feb, 2020 04:02pm

Financial

Kenyan shilling weakens due to importer dollar demand

The shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close. NAIROBI: The Kenyan shilling

Published 12 Feb, 2020 12:35pm

Financial

South Africa's rand firms; focus shifts to data, Ramaphosa speech

The yield on the benchmark government bond due in 2026 was down 1.5 basis points to 7.995pc. Traders were wait

Published 11 Feb, 2020 11:57am

Financial

Ugandan shilling stable, seen stronger as commercial banks sell dollars

The shilling at 3,665/3,675, compared to Monday's close of 3,670/3,680. KAMPALA: The Ugandan shilling was sta

Published 11 Feb, 2020 11:06am

Financial

Turkish lira weakens on concern over conflict in Syria

The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday. Its volatility has sp

Published 11 Feb, 2020 10:32am

Financial

Kenyan shilling weakens due to increased importer dollar demand

The shilling at 100.60/80 per dollar, compared with 100.35/55 at Friday's close. Kenya's financial markets wil

Published 10 Feb, 2020 02:00pm

Financial

Turkish lira rebounds from sharp selloff after regulator steps in

The lira strengthened to as low as 5.975 against the dollar and was worth 5.9955 at 0817 GMT. The currency's o

Published 10 Feb, 2020 12:28pm

Financial

Ugandan shilling unchanged on lacklustre dollar demand

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 10 Feb, 2020 11:18am

Financial

Turkey's lira slides to weakest level since May

The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.

Published 07 Feb, 2020 03:32pm

Financial

South Africa's rand falls as business confidence weakens

The rand was 0.12pc weaker at 14.9200 per dollar, extending a 1pc slide in the previous session as selling was spur

Published 07 Feb, 2020 11:10am

Financial

Kenyan shilling stable, forecast to trade in narrow range

The shilling at 100.35/55 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was stable o

Published 07 Feb, 2020 10:19am

Financial

Ugandan shilling stable, commodity inflows to offer support

The shilling at 3,670/3,780, same level as Wednesday's close. KAMPALA: The Ugandan shilling was stable on Thu

Published 06 Feb, 2020 12:11pm

Financial

Kenya's shilling stable, remittance inflows meet importer demand

The shilling at 100.35/55 per dollar, the same as Wednesday's close. NAIROBI: The Kenyan shilling held steady

Published 06 Feb, 2020 10:56am

Financial

Kenyan shilling strengthened due to inflows from remittances

The shilling at 100.20/40 per dollar, compared with 100.30/50 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 05 Feb, 2020 11:09am

Financial

South Africa's rand firmer as virus selloff pauses

The rand was 0.43pc firmer at 14.9650 per dollar, having ended at 15.0300 on Friday. The sharp fall in the ran

Published 03 Feb, 2020 12:32pm

Financial

Kenyan shilling strengthens, remittances help

The shilling at 100.35/55 per dollar, compared with 100.45/65 at Friday's close. NAIROBI: The Kenyan shilling

Published 03 Feb, 2020 12:30pm

Financial

Ugandan shilling stable due to low dollar demand from commercial banks

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 03 Feb, 2020 10:50am

Financial

South Africa's rand marks time as China virus, power cuts weigh

The rand traded at 14.7500 versus the dollar, 0.1pc higher than its New York close on Thursday. Government bon

Published 31 Jan, 2020 01:46pm

Financial

Kenyan shilling firms against the dollar

The shilling at 100.45/65 per dollar, compared with 100.55/75 per dollar at Thursday's close. NAIROBI: The Ke

Published 31 Jan, 2020 11:54am

Financial

Ugandan shilling stable amid low dollar appetite, charity flows

The shilling at 3,673/3,683, unchanged from Thursday. KAMPALA: The Ugandan shilling was stable on Friday, par

Published 31 Jan, 2020 10:46am

Financial

Kenyan shilling strengthens against the dollar

The shilling at 100.60/80 per dollar, compared with 100.70/90 at Wednesday's close. NAIROBI: The Kenyan shill

Published 30 Jan, 2020 11:55am

Financial

Turkish lira 'competitive' at current level

The lira stood at 5.9845 against the US dollar at 08:43 GMT, down 0.4% from the day before. The central bank d

Published 30 Jan, 2020 11:26am

Financial

South Africa's rand steady as investors assess virus fallouts

The rand traded at 14.5250 per dollar, 0.12pc firmer than its previous close. Investors will look for more dir

Published 29 Jan, 2020 12:28pm

Financial

Kenyan shilling firm against end month dollar demand

The shilling at 100.75/95 per dollar, compared with 100.85/101.05 at Tuesday's close. NAIROBI: The Kenyan shi

Published 29 Jan, 2020 11:32am

Financial

Ugandan shilling weakens a touch on uptick in importer demand

The shilling at 3,680/3,690, a touch weaker than Tuesday's close of 3,675/3,685. KAMPALA: The Ugandan shillin

Published 29 Jan, 2020 11:02am

Financial

South Africa's rand firms slightly but sentiment stays weak on coronavirus

The rand traded at 14.5800 per dollar, 0.17pc firmer than its previous close. The yield on the benchmark gover

Updated 04 Mar, 2020 10:41am

Financial

Kenyan shilling broadly stable against end month demand

The shilling at 100.85/101.05 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was broadl

Published 28 Jan, 2020 10:41am

Financial

Ugandan shilling unchanged as banks, importers stay on sidelines

The shilling at 3,675/3,685, same level as Monday's close. KAMPALA: The Ugandan shilling traded in the same p

Published 28 Jan, 2020 10:05am

Financial

South African rand weaker as investors calculate impact of China virus

The rand traded at 14.4800 versus the dollar, 0.59pc percent lower than its New York close on Friday. The rand

Published 27 Jan, 2020 11:10am

Financial

Kenyan shilling unchanged as players eye central bank rate decision

The shilling at 100.85/101.05 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was broadl

Published 27 Jan, 2020 10:27am

Financial

Ugandan shilling stable, to firm helped by Treasury bill auction

The shilling at 3,675/3,685, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 27 Jan, 2020 10:25am

Financial

Turkey's Albayrak says lira 'looks competitive' at 5.7-5.9 vs dollar

The government measures, including curbs on foreign-exchange and reserve requirements meant to boost lending.

Published 24 Jan, 2020 12:15pm

Financial

South African rand flat as global markets steady

The rand traded at 14.3950 versus the dollar, barely changed from its previous close. Government bonds dipped

Published 24 Jan, 2020 11:43am

Financial

Kenyan shilling stable as demand muted ahead of rate decision

The shilling at 100.75/95 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was firm on

Published 24 Jan, 2020 11:12am

Financial

Ugandan shilling holds steady against the dollar

The shilling at 3,670/3,680, the same as Thursday's closing rate. KAMPALA: The Ugandan shilling held firm aga

Published 24 Jan, 2020 10:28am

Financial

Kenyan shilling inches up against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.90/101.10 at Tuesday's close. NAIROBI: The Kenyan

Published 22 Jan, 2020 11:27am

Financial

Ugandan shilling holds steady, demand for dollars eyed

The shilling at 3,670/3,680, unchanged from Tuesday's closing rate. KAMPALA: The Uganda shilling held firm on

Published 22 Jan, 2020 11:12am

Financial

S.Africa's rand nearly unchanged after Fitch's ratings decision

Rand was trading at 14.310 versus the greenback at 0506 GMT. Government bonds were flat, with the yield on ben

Published 19 Dec, 2019 12:20pm

Financial

Ugandan shilling little-changed amid thin importer demand

The shilling at 3,659/3,669, compared with Wednesday's close of 3,663/3,673. KAMPALA: The Ugandan shilling wa

Published 19 Dec, 2019 09:56am

Financial

South Africa's rand down as gains on global sentiment fade

The rand was 14.4480 versus the greenback by 0814 GMT, 0.4pc weaker than the previous day's close. Government

Published 18 Dec, 2019 12:21pm

Financial

Kenyan shilling strengthens against the dollar

The shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 18 Dec, 2019 12:01pm

Financial

South African rand slips, stocks boosted by electricity supply relief

The rand was 0.43pc weaker at 14.4280 per dollar compared with an opening level of 14.3860. The rand rallied c

Published 17 Dec, 2019 04:12pm

Financial

Kenyan shilling stable on tourism, remittances, thin demand

The shilling at 101.50/70 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was stable aga

Published 17 Dec, 2019 03:11pm

Financial

Turkish lira hits weakest level against dollar in almost 2 months

The lira traded at 5.8455 against the dollar at 0849 GMT. Turkey's jobless rate edged down to 13.8pc in August

Published 16 Dec, 2019 12:01pm

Financial

Ugandan shilling trades stable amid remittance, commodity flows

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling traded stable on Mon

Published 16 Dec, 2019 10:10am

Financial

Ugandan shilling stable, to gain due to commodity dollar inflows

The shilling at 3,665/3,675, compared to Thursday's close of 3,668/3,678. KAMPALA: The Ugandan shilling stead

Updated 13 Jan, 2020 11:09pm

Financial

Ugandan shilling little-changed, may gain on charity flows

The shilling at 3,673/3,683, compared to Tuesday's close of 3,677/3,687. KAMPALA: The Ugandan shilling traded little

Published 11 Dec, 2019 10:42am

Financial

Ugandan shilling stable, expected to strengthen due to decreased importer demand

The shilling at 3,677/3,687, compared to Monday's close of 3,680/3,690. KAMPALA: The Ugandan shilling was sta

Published 10 Dec, 2019 12:06pm

Financial

South Africa's rand weak; focus on global cues ahead of US tariff deadline

The rand was down 0.38pc at 14.66, compared to a close of 14.6050 on Friday. The market is forecasting inflati

Published 09 Dec, 2019 11:48am

Financial

South Africa's rand stumbles as data shows struggling economy

The rand was 0.4pc weaker at 14.6600 per dollar from an overnight close of 14.6020. The statistics agency said

Published 05 Dec, 2019 10:40am

Financial

South African rand dips before GDP data

The rand traded at 14.5730 versus the dollar, 0.2pc weaker than its previous close. Government bonds were flat

Published 03 Dec, 2019 01:57pm

Financial

Ugandan shilling holds steady, seen coming under pressure

The shilling at 3,690/3,700, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 02 Dec, 2019 12:34pm

Financial

South Africa's rand dips ahead of trade, budget data

The rand was 0.24pc weaker at 14.7350 per dollar, compared with an overnight close of 14.70. Bonds edged firme

Published 29 Nov, 2019 12:05pm

Financial

Kenyan shilling under pressure from end month importer demand

The shilling at 102.80/90 per dollar, compared with 102.70/80 at Thursday's close. NAIROBI: The Kenyan shilli

Published 29 Nov, 2019 10:33am

Financial

South Africa's rand weakens on US-China trade deal doubts

The rand was 0.16pc weaker at 14.7760 per dollar versus an overnight close of 14.7350. Bonds were also weaker,

Published 28 Nov, 2019 01:38pm

Financial

Uganda shilling trades stable as offshore flows offer support

The shilling at 3,695/3,705, unchanged from Wednesday's close. KAMPALA: The Ugandan shilling was unchanged on

Published 28 Nov, 2019 11:46am

Financial

South Africa's rand dips as U.S.-China trade deal uncertainty lingers

Bonds were slightly weaker, with the benchmark government issue due in 2026, adding 0.5 basis point to 8.48pc.

Published 27 Nov, 2019 12:38pm

Financial

Ugandan shilling unchanged as banks and importers trim appetite

The shilling at 3,690/3,700, same level as Tuesday's close. KAMPALA: The Ugandan shilling was unchanged on We

Published 27 Nov, 2019 10:56am

Financial

Kenyan shilling weakens on end month demand

The shilling at 102.35/55 per dollar, compared with 102.00/20 at Monday's close. NAIROBI: The Kenyan shilling

Published 26 Nov, 2019 11:20am

Financial

South Africa's rand rises on S&P ratings reprieve

The rand was 0.41pc firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level of 14.7300. Bonds

Published 25 Nov, 2019 02:01pm

Financial

Ugandan shilling weakens amid a rise in demand by banks and importers

The shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690. KAMPALA: The Ugandan shilling weakene

Published 25 Nov, 2019 10:58am

Financial

Kenyan shilling weakens against the dollar amid end-month demand

The shilling at 101.70/90 per dollar, compared with 101.55/75 at Friday's close. NAIROBI: The Kenyan shilling

Published 25 Nov, 2019 10:55am

Financial

Kenyan shilling extends gains against the dollar

Kenyan shilling gained against the dollar on Wednesday with dollar supply from diaspora remittances. NAIROBI:

Published 20 Nov, 2019 01:39pm

Financial

Ugandan shilling unchanged as banks' and importer demand slackens

Commercial banks quoted the shilling at 3,685/3,695, unchanged from Tuesday. KAMPALA: The Ugandan shilling ex

Published 20 Nov, 2019 01:10pm

Financial

South Africa rand and bonds bounce on Moody's ratings reprieve

Moody's affirms investment-grade rating, Some investors had feared move to "junk" Rand, bonds see relief rally

Published 04 Nov, 2019 04:27pm

Financial

South African rand, stocks gain; focus on Moody's review

South Africa faces a potentially material 'slap on the wrists' by Moody's credit rating agency later today. Th

Published 01 Nov, 2019 04:11pm

Financial

South Africa's rand firmer as investors await next week's budget

The yield on the benchmark government bond due in 2026 was down 4.5 basis points to 8.17pc. Gold miners were t

Published 25 Oct, 2019 08:47pm

Financial

Kenyan shilling stable on tightening liquidity

Commercial banks quoted the shilling at 103.65/75 per dollar. NAIROBI: The Kenyan shilling was stable against

Published 17 Oct, 2019 10:17am

Financial

Ugandan shilling stable on lacklustre appetite

Commercial banks quoted the shilling at 3,690/3,700. KAMPALA: The Ugandan shilling traded stable on Wednesday

Published 16 Oct, 2019 11:38am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.55/75 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 15 Oct, 2019 11:06am

Financial

South Africa's rand steady on thaw in trade tensions

"The current levels of the local unit likely to attract some dollar buying interest, technically an attempt on 14.6

Published 14 Oct, 2019 02:07pm

Financial

Turkish lira slips but traders doubt Trump's sanctions threat

The lira weakened to 5.9205 against the U.S. dollar. The currency, which suffered a crisis last year that knoc

Published 14 Oct, 2019 01:02pm

Financial

Ugandan shilling weakens as rate cut spurs banks to beef up positions

Commercial banks quoted the shilling at 3,697/3,707, compared to Thursday's close of 3,680/3,700. KAMPALA: Th

Published 11 Oct, 2019 12:46pm

Financial

South African rand stronger as dollar dips

The U.S. currency dropped amid mixed signals over whether the United States and China were making progress in resol

Published 10 Oct, 2019 11:36am

Financial

Turkish lira weakens after Turkey launches Syria ground assault

The lira weakened to 5.88 against dollar from a close of 5.8740 a day earlier. The lira has come under pressur

Published 10 Oct, 2019 09:45am

Financial

Turkish lira weakens slightly, focus turns to Syria offensive

The lira has been pulled in both directions this week by comments from U.S. President Donald Trump. The lira t

Published 09 Oct, 2019 12:30pm

Financial

South Africa's rand pauses slide as risk clouds gather

The rand was up 0.1pc at 15.2575 per dollar, a small move off its overnight low of 15.3050. The South African

Published 09 Oct, 2019 11:16am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.65/85 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 09 Oct, 2019 10:18am

Financial

Ugandan shilling biased on weaker side as rate cut triggers pressure

The central bank made an unexpected cut by 100 basis points to its policy rate this week. KAMPALA: The Uganda

Published 08 Oct, 2019 01:47pm

Financial

South Africa's rand firmer as 15/$ mark lures in bulls

"The rand does feel like it has perhaps a little more room to correct or consolidate, and perhaps squeeze some stal

Published 08 Oct, 2019 11:04am

Financial

Kenyan shilling firms against the dollar

The Kenyan shilling firmed slightly against the dollar on Tuesday as inflows from diaspora and offshore investors b

Published 08 Oct, 2019 10:15am

Financial

Turkish lira trims losses, but worries over Syria persist

Turkey's lira recovered on Tuesday after reaching its weakest level in more than a month. The lira, which lost

Published 08 Oct, 2019 09:54am

Financial

South African rand steady, focus on Sino-U.S. trade talks

South Africa's rand was steady in early trade on Monday, as investors waited for the U.S.-China talks due to start

Published 07 Oct, 2019 01:07pm

Financial

Turkish lira weakens 1pc on Syria operation concerns

The lira was trading at 5.7450 at 0717 GMT, weakening from a close of 5.7000 on Friday. Earlier, it weakened as far

Published 07 Oct, 2019 12:50pm

Financial

Kenyan shilling stable, inflows from government bond buyers helping

Kenyan shilling was stable on Monday, with inflows from investors buying government Treasury bills and bonds seen o

Published 07 Oct, 2019 10:33am

Financial

Kenyan shilling strengthens on waning importer demand

Kenyan shilling strengthened against the dollar on Friday supported by inflows from diaspora remittances and waning

Published 04 Oct, 2019 11:47am

Financial

South Africa's rand weakens as global recession fears weigh

Bonds were flat, with the yield on the benchmark government issue due in 2026 steady at 8.355%. South Africa's

Published 02 Oct, 2019 11:06am

Financial

Ugandan shilling slightly stronger, liquidity injection could trim gains

The Ugandan shilling traded slightly stronger on Wednesday but was seen likely to reverse gains on the back of a lo

Published 02 Oct, 2019 10:15am

Financial

Ugandan shilling flat as charity flows match importer demand

The Ugandan shilling as inflows from non-governmental organisations met with sagging importer appetite. KAMPA

Published 25 Sep, 2019 01:18pm

Financial

Kenyan shilling steady, remittances help meet end-month demand

The Kenyan shilling was forecast to trade in a narrow range with inflows from diaspora remittances expected.

Published 25 Sep, 2019 01:03pm

Financial

South Africa's rand firms as global monetary easing takes spotlight

South Africa's rand inched up against the dollar in early trade on Friday. The rand was 0.05% firmer at 14.592

Published 13 Sep, 2019 09:03am

Financial

Nigerian, Kenyan currencies seen stable in the week ahead

Nigerian naira and the Kenyan shilling are expected to be stable against the dollar. The bank launched a 300 b

Published 12 Sep, 2019 01:37pm

Financial

South Africa's rand slips on dismal business confidence data; all eyes on ECB

Investors awaited outcome of an European Central Bank (ECB) meeting. South African Chamber of Commerce and Ind

Updated 12 Sep, 2019 11:17am

Financial

Rouble firms on thaw in U.S.-China trade war, keeps ECB in focus

MOSCOW: The Russian rouble firmed against the U.S. dollar on Thursday, helped by signs of a thaw in trade tensions betwe

Published 12 Sep, 2019 09:13am

Financial

Kenya's currency seen easing, Zambia, Uganda stable

LUSAKA: Kenya's shilling is expected to soften against the dollar in the coming week, while the currencies of Zambia, Ug

Published 05 Sep, 2019 09:01pm

Financial

South Africa's rand falls after poor current account data, stocks rise

JOHANNESBURG: South Africa's rand weakened on Thursday after data showed the current account deficit widened in the seco

Published 05 Sep, 2019 08:37pm

Financial

Pound tops $1.23 as no-deal Brexit prospect fades

LONDON: The British pound topped $1.23 on Thursday, hitting a one-month peak as the prospect of a "no deal" Brexit seeme

Published 05 Sep, 2019 06:52pm

Financial

Syrian pound falls to record low as economy hit by sanctions

BEIRUT: The Syrian pound fell to a record low on the black market, driven down by lack of central bank intervention and

Published 04 Sep, 2019 11:12pm

Financial

South Africa's rand extends rally to 4-week high, stocks up

JOHANNESBURG: South Africa's rand rose to a four-week high on Wednesday backed by a better-than-expected jump in second-

Published 04 Sep, 2019 09:03pm

Financial

South Africa's rand extends rally to 3-week high after GDP boost

JOHANNESBURG: South Africa's rand rose to a three-week high early on Wednesday following a better-than-expected jump in

Published 04 Sep, 2019 07:32am

Financial

South African rand flat as investors await GDP data

JOHANNESBURG: South Africa's rand traded sideways on Monday, with investors holding fire ahead of second quarter eco

Published 02 Sep, 2019 04:07pm

Financial

South African rand steady, focus on new U.S.-China tariffs

JOHANNESBURG: South Africa's rand steadied in early trade on Monday, struggling for momentum as the appetite for risk wa

Published 02 Sep, 2019 07:13am

Financial

South Africa's rand firms on improved risk appetite, stocks up

JOHANNESBURG: The South African rand firmed in afternoon trade on Thursday, supported by an improvement in investors' ri

Published 29 Aug, 2019 07:22pm

Financial

South Africa's rand weaker as risk sentiment sours

JOHANNESBURG: The South African rand weakened early on Thursday as risk sentiment globally continued to be shaken by the

Published 29 Aug, 2019 08:09am

Financial

South Africa's rand inches up in subdued trade

JOHANNESBURG: South Africa's rand rose early on Wednesday but remained largely within a recent range as traders continue

Published 28 Aug, 2019 08:19am

Financial

South Africa's rand weaker in cautious trade, stocks up

JOHANNESBURG: South Africa's rand weakened on Tuesday, with traders sceptical about comments by President Donald Trump e

Published 27 Aug, 2019 08:03pm

Financial

South Africa's rand weaker in cautious trade, stocks up

JOHANNESBURG: South Africa's rand weakened on Tuesday, with traders sceptical about comments by President Donald Tru

Published 27 Aug, 2019 04:25pm

Financial

South Africa's rand weaker in cautious trade

JOHANNESBURG: South Africa's rand weakened early on Tuesday, giving up small overnight gains as concerns about the U.S.-

Published 27 Aug, 2019 09:16am

Financial

South Africa's rand firms on weaker dollar after Fed chair speech

JOHANNESBURG: South Africa's rand firmed to a two-week high on Friday as the dollar slipped after US Federal Reserve Cha

Published 23 Aug, 2019 07:23pm

Financial

South African rand gains fade as investors left on edge over Fed

JOHANNESBURG: South Africa's rand was flat on Thursday, as a boost from lower-than-expected local inflation was overshad

Published 22 Aug, 2019 07:16pm

Financial

South Africa's rand pauses recent slide, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday, pulling back from an 11-month low as long dollar investors took

Published 20 Aug, 2019 03:49pm

Financial

South Africa's rand pauses recent slide as investors await next trigger event

JOHANNESBURG: South Africa's rand firmed early on Tuesday, pulling back from an 11-month low as long dollar investors to

Published 20 Aug, 2019 09:28am

Financial

Kenyan shilling stable against the dollar

NAIROBI: The Kenyan shilling was stable against the dollar on Monday with inflows from diaspora remittances helping meet

Published 19 Aug, 2019 02:26pm

Financial

South Africa's rand flat as investors weigh local, global risks

South Africa's rand was flat early on Monday, holding on to its brief recovery from last week as traders and investors c

Published 19 Aug, 2019 10:54am

Financial

South Africa's rand firms as investors await next bout of weakness

JOHANNESBURG: South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery drive

Published 16 Aug, 2019 12:59pm

Financial

Kenyan shilling stable against dollar, as investors buy government debt

NAIROBI: The Kenyan shilling was firm against the dollar on Friday with inflows from portfolio investors buying governme

Published 16 Aug, 2019 12:41pm

Financial

South African rand and shares bounce from sharp losses

JOHANNESBURG: The South African rand firmed early on Thursday, pulling back from a slide to its lowest in nearly 11 mont

Published 15 Aug, 2019 12:08pm

Financial

Nigeria naira weakens on falling oil prices, lower bond yields

LAGOS: The Nigerian naira weakened to 364 per dollar on Friday, from a quote of 363.50 the previous day as falling oil p

Published 09 Aug, 2019 03:28pm

Financial

Turkish lira at strongest level in four months, outpacing EMs

ISTANBUL: The Turkish lira continued its winning run against peers on Thursday, firming 0.5pc to its strongest level sin

Published 08 Aug, 2019 12:19pm

Financial

South Africa's rand steadies after hitting 11-month low

South Africa's rand rose in early trade on Thursday, steadying after a week-long losing run that saw it sink to a 11-mon

Published 08 Aug, 2019 12:13pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Thursday with inflows from diaspora remittances and offsh

Published 08 Aug, 2019 12:02pm

Financial

South Africa's rand steadies after hitting 11-month low

South Africa's rand rose in early trade on Thursday, steadying after a week-long losing run that saw it sink to a 11-mon

Published 08 Aug, 2019 08:38am

Financial

South African rand flat, hovers near 2-month low

JOHANNESBURG: South Africa's rand was flat in early trade on Wednesday, hovering near two-month lows as it struggled for

Published 07 Aug, 2019 10:17am

Financial

Ugandan shilling trades flat on thin demand

KAMPALA: The Ugandan shilling traded in the same position on Tuesday from a day earlier as inflows of hard currency from

Published 06 Aug, 2019 12:15pm

Financial

South Africa's rand hits 7-week low as trade tensions heat up

JOHANNESBURG: South Africa's rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp e

Published 05 Aug, 2019 04:07pm

Financial

South Africa's rand hits 7-week low as trade tensions heat up

JOHANNESBURG: South Africa's rand slipped to seven-week lows against the dollar in early trade on Monday, as prospects o

Published 05 Aug, 2019 08:08am

Financial

South Africa's rand slides after U.S. Fed dashes expectations of deeper rate cuts

JOHANNESBURG: South Africa's rand retreated early on Thursday along with other emerging markets currencies, a day after

Published 01 Aug, 2019 08:45am

Financial

South Africa's rand steadies as markets await Fed verdict

JOHANNESBURG: South Africa's rand steadied against the dollar in late trade on Wednesday, as investors awaited a lik

Published 31 Jul, 2019 08:27pm

Financial

South Africa's rand steadies as Fed decision masks economic woes

JOHANNESBURG: South Africa's rand gained early on Wednesday, with a likely cut in interest rates by the U.S. Federal Res

Published 31 Jul, 2019 07:45am

Financial

South Africa's rand steadies, stocks down

JOHANNESBURG: South Africa's rand steadied on Tuesday as traders, eschewing big transactions despite poor unemployme

Published 30 Jul, 2019 07:54pm

Financial

Ugandan shilling seen weaker on interbank demand

NAIROBI: The Ugandan shilling traded unchanged on Tuesday although an uptick in interbank demand was seen putting the lo

Published 30 Jul, 2019 12:59pm

Financial

South Africa's rand treads water, focus on Eskom results

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Tuesday as investors looked ahead to sta

Published 30 Jul, 2019 10:09am

Financial

South Africa's rand regains ground; Eskom bonds fall

JOHANNESBURG: South Africa's rand bounced back from a four-week low against the dollar on Monday, but pessimism arou

Published 29 Jul, 2019 07:51pm

Financial

South Africa's rand steady; focus on unemployment, trade data

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Monday, but the currency hovered near a

Published 29 Jul, 2019 07:21am

Financial

South Africa's rand, bonds tumble as Moody's and Fitch warn of Eskom risk

JOHANNESBURG: South Africa's rand tumbled to its weakest level in three weeks on Friday, while the yield on debt iss

Published 26 Jul, 2019 08:01pm

Financial

Turkish lira firms after sharp interest rate cut

ISTANBUL: Turkey's lira firmed slightly in choppy trading on Thursday after the central bank cut its policy rate more th

Published 25 Jul, 2019 04:03pm

Financial

Kenya's shilling drops to its lowest level in nearly two years

NAIROBI: Kenya's shilling dropped to 104.05/20 per dollar on Thursday, its lowest level in almost two years, traders sai

Published 25 Jul, 2019 12:22pm

Financial

South Africa's rand wobbled by Moody's warning over Eskom bailout

JOHANNESBURG: South Africa's rand weakened on Thursday, dragged lower by a Moody's report saying the government's propos

Published 25 Jul, 2019 11:59am

Financial

Turkish lira steady ahead of an expected sharp rate cut

ISTANBUL: The Turkish lira held steady on Thursday as investors waited to see how sharply the central bank would cut int

Published 25 Jul, 2019 11:57am

Financial

South Africa's rand firms as yield hunt outweighs fiscal pressures

JOHANNESBURG: South Africa's rand firmed early on Wednesday ahead of consumer inflation data, shaking off a growth down

Published 24 Jul, 2019 10:41am

Financial

Kenyan shilling holds steady against dollar

NAIROBI: Kenya's shilling was steady against the dollar on Wednesday in slow trade, taking a pause after two straight se

Published 24 Jul, 2019 10:03am

Financial

South Africa's rand firms as yield hunt outweighs fiscal pressures

JOHANNESBURG: South Africa's rand firmed early on Wednesday ahead of consumer inflation data, shaking off a growth downg

Published 24 Jul, 2019 08:29am

Financial

South Africa's rand, stocks slip as dollar bounces back

JOHANNESBURG: South Africa's rand edged weaker on Tuesday, losing momentum as the dollar surged and the appeal of th

Published 23 Jul, 2019 07:20pm

Financial

Ugandan shilling stable on muted importer demand for dollars

KAMPALA: The Ugandan shilling traded flat on Tuesday on the back of subdued appetite for hard currency from energy firm

Published 23 Jul, 2019 01:18pm

Financial

South Africa's rand steady as investors eye likely US, eurozone rate cuts

JOHANNESBURG: South Africa's rand was steady early on Tuesday as bets of rate cuts in the United States and Europe conti

Published 23 Jul, 2019 09:05am

Financial

South African rand firmer as carry trade trumps political wrangling

JOHANNESBURG: South Africa's rand rallied on Monday, brushing aside local political ructions as investors increased

Published 22 Jul, 2019 07:23pm

Financial

South African rand slightly weaker in early trade

JOHANNESBURG: South Africa's rand slipped slightly early on Monday, as investors scaled back their expectations for deep

Published 22 Jul, 2019 08:24am

Financial

South Africa's rand retreats as Fed pendulum swings back to soft cuts

JOHANNESBURG: South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as exp

Published 19 Jul, 2019 07:18pm

Financial

South Africa's rand rallies after central bank cuts rates

JOHANNESBURG: South Africa's rand edged higher against the dollar in early Friday trade and bond yields fell after the c

Published 19 Jul, 2019 11:51am

Financial

South Africa's rand, bonds rally after central bank cuts rates

JOHANNESBURG: South Africa's rand rallied against the dollar on Thursday and bond yields fell after the central bank

Published 18 Jul, 2019 04:42pm

Financial

South Africa's rand edges up in early trade

JOHANNESBURG: South Africa's rand edged up in early trade on Thursday as the market awaits a local interest rate decisio

Published 18 Jul, 2019 08:25am

Financial

South Africa's rand softer ahead of rate decision, stocks slide

JOHANNESBURG: South Africa's rand edged lower on Wednesday in cautious trade ahead of an interest rate decision that

Published 17 Jul, 2019 04:02pm

Financial

South Africa's rand slips ahead of rate decision as trade fears weigh

JOHANNESBURG: South Africa's rand slipped against a firm dollar on Wednesday, as investors held off big trades a day ahe

Published 17 Jul, 2019 07:36am

Financial

South Africa's rand inches weaker in wait-and-see session

JOHANNESBURG: South Africa's rand edged weaker in subdued trade on Tuesday with market participants awaiting a local len

Published 16 Jul, 2019 09:03pm

Financial

South Africa's rand steady in early trade

JOHANNESBURG: South Africa's rand treaded water in early trade on Tuesday in the absence of local economic drivers as in

Published 16 Jul, 2019 08:13am

Financial

South Africa's rand, stocks boosted by global risk-on sentiment

JOHANNESBURG: South Africa's rand firmed on Monday as bets the Federal Reserve will cut interest rates next week continu

Published 15 Jul, 2019 08:42pm

Financial

South Africa's rand boosted by rise in risk-on sentiment

JOHANNESBURG: South Africa's rand inched up against the dollar on Monday after encouraging economic data from China assu

Published 15 Jul, 2019 09:55am

Financial

South Africa's rand set for weekly gains, stocks flat

JOHANNESBURG: South Africa's rand retreated from a five-month high on Friday as risk appetite subdued, but was on tr

Published 12 Jul, 2019 05:22pm

Financial

Kenyan, Tanzanian currencies seen weakening, Zambian Kwacha gaining

NAIROBI: Kenyan and Tanzanian currencies are likely to come under pressure next week as Zambia's holds firm. KENY

Published 11 Jul, 2019 03:49pm

Financial

South African rand stronger with Fed seen cutting rates

JOHANNESBURG: South Africa's rand strengthened on Thursday after the chairman of the Federal Reserve set the stage for a

Published 11 Jul, 2019 08:22am

Financial

South Africa's rand firms on Powell's remarks, Kganyago reappointment

JOHANNESBURG: South Africa's rand firmed on Wednesday as the dollar weakened after US Federal Reserve Chairman Jerom

Published 10 Jul, 2019 04:22pm

Financial

South Africa's rand slips in cautious trade as investors await Fed clues

JOHANNESBURG: South Africa's rand inched weaker early on Wednesday in subdued trading as investors looked to limit big b

Published 10 Jul, 2019 10:27am

Financial

South Africa's rand steady as traders eye Fed, stocks down

JOHANNESBURG: South Africa's rand steadied against the dollar on Tuesday, struggling for momentum as investors await

Updated 09 Jul, 2019 04:04pm

Financial

South Africa's rand steady as Fed cut bets fade

JOHANNESBURG: South Africa's rand steadied against a firmer dollar in afternoon trade on Monday, after last week's s

Updated 08 Jul, 2019 05:05pm

Financial

Rand rattled by stronger U.S payrolls data, South African stocks slip

JOHANNESBURG: The rand slumped on Friday as data showing US job growth rebounded strongly in June sent the dollar sharpl

Published 05 Jul, 2019 07:15pm

Financial

South Africa's rand steady as market awaits U.S. jobs report

JOHANNESBURG: South Africa's rand was little changed against the dollar early on Friday, as investors braced for U.S. em

Published 05 Jul, 2019 08:50am

Financial

Kenyan shilling to firm, Zambia kwacha to hold steady

KAMPALA: Kenya's shilling is forecast to strengthen in the next week to Thursday, while Zambia's kwacha will be stable,

Published 04 Jul, 2019 10:07pm

Financial

South Africa's rand firms to 3-month high, stocks down

JOHANNESBURG: South Africa's rand rose against the dollar on Thursday to hit its strongest in nearly three months, track

Published 04 Jul, 2019 09:25pm

Financial

South Africa's rand firms to new 3-month high as Fed cut back in play

JOHANNESBURG: South Africa's rand firmed early on Thursday, tracking fellow emerging market currencies as expectations t

Published 04 Jul, 2019 09:03am

Financial

South Africa's rand steady as trade woes hit EM currencies, stocks dip

JOHANNESBURG: South Africa's rand was little changed late on Wednesday, struggling for momentum along with stocks as wor

Published 03 Jul, 2019 07:08pm

Financial

South Africa's rand slips as bulls favour caution

JOHANNESBURG: South Africa's rand weakened on Wednesday before domestic manufacturing and business confidence data as tr

Published 03 Jul, 2019 07:32am

Financial

South Africa's rand firms as dollar slips, stocks down

JOHANNESBURG: South Africa's rand firmed against the US dollar on Tuesday, helped by a weaker greenback as optimism abou

Published 02 Jul, 2019 07:33pm

Financial

South Africa's rand steady as global risk appetite fades

JOHANNESBURG: South Africa's rand was little changed early on Tuesday, struggling for momentum as investors awaited loca

Published 02 Jul, 2019 09:54am

Financial

Turkish lira soars nearly 2.8pc after Trump-Erdogan meeting

ISTANBUL: The Turkish lira soared nearly 2.8pc on Monday to its strongest level since April after President Tayyip Erdog

Published 01 Jul, 2019 07:45pm

Financial

South African rand flat as dollar rebound blocks surge to 14 mark

JOHANNESBURG: South Africa's rand inched firmer on Monday, clinging on to a month's worth of gains towards the crucial 1

Published 01 Jul, 2019 07:20pm

Financial

South African rand firmer as bulls wrestle bears ahead of G20

JOHANNESBURG: South Africa's rand advanced for a third straight session early on Friday, as easing trade tensions betwee

Published 28 Jun, 2019 09:28am

Financial

South Africa's rand lifted by hopes of US-China trade truce

JOHANNESBURG: South Africa's rand gained on Thursday on hopes the United States and China could reach an agreement at th

Published 27 Jun, 2019 07:07pm

Financial

Kenyan Shilling seen under pressure, Zambian Kwacha firm

NAIROBI: Kenya's currency is likely to come under pressure next week as Zambia's holds firm and those of Nigeria, Ta

Published 27 Jun, 2019 03:50pm

Financial

South Africa's rand firmer as trade talk hopes rise, stocks edge up

JOHANNESBURG: South Africa's rand firmed on Wednesday as risk appetite improved after comments from the US Treasury Secr

Published 26 Jun, 2019 07:25pm

Financial

South Africa's rand gains as risk demand slows

JOHANNESBURG: South Africa's rand clung to recent gains early on Wednesday as global risk appetite retreated after the U

Published 26 Jun, 2019 08:31am

Financial

South Africa's rand firmer as dollar dips on US rate cut bets

JOHANNESBURG: South Africa's rand firmed on Tuesday as the prospect of monetary easing by the Federal Reserve knocked de

Published 25 Jun, 2019 07:59pm

Financial

South Africa's rand firmer as dollar falls on rate cut bets

JOHANNESBURG: South Africa's rand firmed early on Tuesday, boosted by a dollar slide to multi-month lows against other m

Published 25 Jun, 2019 09:23am

Financial

South Africa's rand stretches gains as Fed, ECB turn dovish

JOHANNESBURG: South Africa's rand firmed early on Monday, adding to the previous session's gains as sentiment toward eme

Published 24 Jun, 2019 09:42am

Financial

Turkey's lira weakens on election, policy concerns

ISTANBUL: Turkey's lira declined some 1pc on Friday as investors worried about the outcome of an Istanbul mayoral electi

Published 21 Jun, 2019 07:31pm

Financial

South African rand inches back up in wake of Ramaphosa speech, stocks slide

JOHANNESBURG: South Africa's rand firmed up slightly on Friday, clawing back some of its losses following President Cyri

Published 21 Jun, 2019 07:15pm

Financial

Rand falls after Ramaphosa speech seen lacking details

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Friday, as markets digested President Cy

Published 21 Jun, 2019 07:38am

Financial

South African rand pauses rally as investors eye Ramaphosa speech

JOHANNESBURG: South Africa's rand inched firmer late on Thursday following a rally to a five-week best after the US Fede

Published 20 Jun, 2019 07:13pm

Financial

Nigeria's naira seen stable while Kenyan shilling could weaken

LAGOS: The Nigerian naira is seen trading broadly stable amid tepid offshore demand for Nigerian assets, while the K

Published 20 Jun, 2019 01:07pm

Financial

South Africa's rand pauses rally, stocks slip as investors eye Fed

JOHANNESBURG: South Africa's rand dipped in late trade on Wednesday as investors took profits from a strong rally in

Published 19 Jun, 2019 07:28pm

Financial

Turkish lira weakens on report detailing possible US sanctions

ISTANBUL: The Turkish lira weakened on Wednesday after Bloomberg said the United States is considering sanctions that co

Published 19 Jun, 2019 03:50pm

Financial

Kenyan shilling firms, helped by flows from horticulture exports

NAIROBI: The Kenyan shilling strengthened against the dollar on Wednesday on the back of inflows from horticulture expor

Published 19 Jun, 2019 02:45pm

Financial

South African rand retreats from 2-week high, eyes on CPI and Fed

JOHANNESBURG: South Africa's rand retreated from a two-week high in early trade on Wednesday ahead of domestic consumer

Published 19 Jun, 2019 08:04am

Financial

Ugandan shilling firms as players trim positions

KAMPALA: The Ugandan shilling was a touch firmer on Tuesday, underpinned by a sell-off of dollars by commercial banks lo

Published 18 Jun, 2019 02:42pm

Financial

South Africa's rand little changed in calm before Fed meeting

JOHANNESBURG: South Africa's rand was little changed early on Tuesday, with investors looking ahead to a local inflatio

Published 18 Jun, 2019 09:53am

Financial

Uganda shilling stable, draws support from commodity exports

KAMPALA: The Uganda shilling traded in a stable position on Monday, underpinned by some hard currency inflows from commo

Published 17 Jun, 2019 01:29pm

Financial

South Africa's rand steady as investors mull developments ahead of long weekend

JOHANNESBURG: South Africa's rand held steady on Friday as investors assessed local and international political developm

Published 14 Jun, 2019 12:20pm

Financial

South Africa's rand steady as investors mull developments ahead of long weekend

JOHANNESBURG: South Africa's rand held steady on Friday as investors assessed local and international political developm

Published 14 Jun, 2019 08:23am

Financial

Rand edges down as Ramaphosa, inflation data in focus

JOHANNESBURG: South Africa's rand inched lower late on Thursday, as investors assessed local political developments

Published 13 Jun, 2019 08:44pm

Financial

Rand slips on investigation into Ramaphosa campaign donation

JOHANNESBURG: South Africa's rand slipped on Thursday, as investors were unnerved by an investigation into a donation fo

Published 13 Jun, 2019 02:43pm

Financial

Lira weakens after Turkey says will not back down on S-400 deal

ISTANBUL: Turkey's lira weakened on Thursday after Foreign Minister Mevlut Cavusoglu said that Ankara would not back dow

Published 13 Jun, 2019 01:19pm

Financial

South Africa's rand edges weaker in subdued start to trade

JOHANNESBURG: South Africa's rand edged weaker on Wednesday in a slow start that saw subdued flows as market makers look

Published 12 Jun, 2019 02:22pm

Financial

Kenyan shilling stable amid tightening liquidity

NAIROBI: The Kenyan shilling was stable against the dollar on Wednesday supported by tightening liquidity in the local m

Published 12 Jun, 2019 01:30pm

Financial

South Africa's rand edges weaker in subdued start to trade

JOHANNESBURG: South Africa's rand edged weaker on Wednesday in a slow start that saw subdued flows as market makers look

Published 12 Jun, 2019 08:38am

Financial

South Africa's rand recovers as EM demand lifted by Mexico-U.S. deal

JOHANNESBURG: South Africa's rand firmed early on Tuesday, helped by global risk appetite and easing political turbulenc

Published 11 Jun, 2019 08:44am

Financial

South African rand starts week on stronger footing

JOHANNESBURG: South Africa's rand started the week firmer against the dollar on Monday, recovering some ground after ste

Published 10 Jun, 2019 10:08am

Financial

South Africa's rand slumps after weak GDP data

JOHANNESBURG: South Africa's rand slumped and bonds weakened on Tuesday after official data showed the economy contracte

Published 04 Jun, 2019 11:51am

Financial

South African rand firms on weaker dollar, focus on GDP numbers, stocks up

JOHANNESBURG: South Africa's rand firmed on Monday, as a weakening dollar provided many emerging currencies with som

Updated 03 Jun, 2019 07:56pm

Financial

Kenyan shilling steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Monday with inflows from non governmental organisations a

Published 03 Jun, 2019 11:51am

Financial

South Africa's rand heads for monthly loss, stocks flat

JOHANNESBURG: South Africa's rand was set to end the month on a weaker footing after domestic political concerns and

Published 31 May, 2019 05:39pm

Financial

South Africa's rand weaker, stocks down in post cabinet drift

JOHANNESBURG: South Africa's rand weakened early on Friday, struggling for clear momentum as political drivers faded aft

Published 31 May, 2019 12:59pm

Financial

Turkish lira jumps after Trump-Erdogan call raises hopes of a thaw

ANKARA: Turkey's lira jumped nearly 1.5pc on Thursday on expectations that ties with Washington will improve, after the

Published 30 May, 2019 01:25pm

Financial

South Africa's rand steady, markets digest cabinet news

JOHANNESBURG: South Africa's rand steadied in early trade on Thursday, as markets digested President Cyril Ramaphosa's n

Published 30 May, 2019 09:01am

Financial

South Africa's rand steadies ahead of Ramaphosa cabinet announcement

JOHANNESBURG: South Africa's rand steadied on Wednesday ahead of President Cyril Ramaphosa's keenly awaited announce

Published 29 May, 2019 08:31pm

Financial

South Africa's rand tumbles to 5-month low on cabinet anxiety, risk aversion

JOHANNESBURG: South Africa's rand tumbled to a five-month low against the dollar early on Wednesday, extending losses in

Published 29 May, 2019 12:16pm

Financial

South Africa's rand tumbles on 5-month low on cabinet anxiety, risk aversion

JOHANNESBURG: South Africa's rand tumbled to a five-month low against the dollar early on Wednesday, extending losses in

Published 29 May, 2019 08:14am

Financial

South Africa's rand slumps to two-month low as Mabuza sworn in to parliament

JOHANNESBURG: South Africa's rand tumbled to its weakest in three weeks on Tuesday as deputy president David Mabuza

Published 28 May, 2019 08:03pm

Financial

Lira firms on hopes Turkey will delay S-400 delivery

ISTANBUL: The Turkish lira firmed 1pc on Tuesday after Defence Minister Hulusi Akar said the Russian S-400 missile syste

Published 28 May, 2019 04:32pm

Financial

South Africa's rand falls as trade war concerns hurt sentiment

JOHANNESBURG: South Africa's rand weakened on Tuesday, falling more than 1% in early trade as Sino-U.S. trade tensions d

Published 28 May, 2019 08:48am

Financial

South Africa's rand drifts weaker on cabinet caution, stocks flat

JOHANNESBURG: South Africa's rand weakened slightly on Monday in subdued trading with no economic data and investors

Published 27 May, 2019 07:26pm

Financial

South Africa's rand steady, focus on cabinet appointments

JOHANNESBURG: South Africa's rand steadied against the US dollar in early trade on Monday, as markets wait for President

Published 27 May, 2019 12:12pm

Financial

South Africa's rand recovers as lending rates seen steady for longer

JOHANNESBURG: South Africa's rand firmed early on Friday, regaining some ground after dropping a day earlier, when the c

Published 24 May, 2019 12:40pm

Financial

Turkish lira weakens again over shaky US ties

ISTANBUL: Turkey's lira weakened nearly 1pc on Thursday on concerns over a deterioration in ties with the United States

Published 23 May, 2019 11:53am

Financial

South Africa's rand dips ahead of lending rates decision

JOHANNESBURG: South Africa's rand weakened in early trade on Thursday ahead of a policy meeting by the central bank wher

Published 23 May, 2019 07:37am

Financial

South Africa's rand dips ahead of inflation release

JOHANNESBURG: South Africa's rand weakened on Wednesday as steady demand for dollars spurred by easing of trade tensions

Published 22 May, 2019 09:09am

Financial

Rand weakens in cautious trade ahead of inflation, rates decision

JOHANNESBURG: South Africa's rand backtracked on Tuesday, surrendering the previous session's small gains in cautious tr

Published 21 May, 2019 01:05pm

Financial

Turkish lira weakens after central bank repos resume, FX purchase move

ISTANBUL: The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and hel

Published 21 May, 2019 11:52am

Financial

South Africa's rand firmer as risk selloff pauses

JOHANNESBURG: South Africa's rand rose early on Monday after a sharp slide in the previous week as a sell-off in risk as

Published 20 May, 2019 08:20am

Financial

South Africa's rand slips to 1-week low, financial stocks drag down bourse

JOHANNESBURG: The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between C

Published 17 May, 2019 07:52pm

Financial

South Africa's rand firms slightly, stocks gain

JOHANNESBURG: South Africa's rand firmed modestly and stocks rose on Thursday, shaking off worries about local growt

Published 16 May, 2019 04:07pm

Financial

South Africa's rand slips as trade tensions weigh on risk demand

JOHANNESBURG: South Africa's rand weakened early on Thursday, succumbing to risk-off sentiment sparked by global fears o

Published 16 May, 2019 08:20am

Financial

South African rand rises on China stimulus hopes, stocks dip

JOHANNESBURG: South Africa's rand strengthened on Wednesday alongside emerging market currencies on hopes of more stimul

Published 15 May, 2019 05:50pm

Financial

South African rand steady amid U.S.-China trade talk hopes

JOHANNESBURG: South Africa's rand steadied in early trade on Wednesday, as optimism surrounding trade talks between Wash

Published 15 May, 2019 08:24am

Financial

Trade tensions hold South Africa's rand down

JOHANNESBURG: South Africa's rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in US-China trad

Published 14 May, 2019 10:42pm

Financial

South Africa's rand firms amid US-China trade talk hopes, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday as slightly more optimistic comments from US and Chinese officials o

Published 14 May, 2019 09:40pm

Financial

South Africa's rand firms amid US-China trade talk hopes, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday as slightly more optimistic comments from US and Chinese officials o

Published 14 May, 2019 06:23pm

Financial

Trade tensions hold South Africa's rand down

JOHANNESBURG: South Africa's rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in U.S.-China tr

Published 14 May, 2019 07:31am

Financial

South African rand, stocks fall as US-China trade war dents risk appetite

JOHANNESBURG: South Africa's rand weakened on Monday, shedding election- inspired gains, as an escalation in the US-Chin

Published 13 May, 2019 07:19pm

Financial

South African rand falls on risk aversion as U.S.-China trade war heats up

JOHANNESBURG: South Africa's rand weakened in early trade on Monday, giving up some of the election inspired gains, with

Published 13 May, 2019 09:12am

Financial

Turkish state banks sold around $4.5bn last week to support lira: sources

ANKARA: Turkish state banks sold around $4.5 billion last week, two sources told Reuters, including in a flurry of selli

Published 11 May, 2019 08:25pm

Financial

South African rand firms as ANC heads for re-election

JOHANNESBURG: South Africa's rand strengthened more than 1pc on Friday on expectations of political continuity, as the g

Published 10 May, 2019 07:54pm

Financial

South African rand steady as ruling party takes lead in elections

JOHANNESBURG: South Africa's rand was mostly unchanged in early trade on Friday, as vote counting showed the ruling Afri

Published 10 May, 2019 08:46am

Financial

South African rand, stocks weaker on renewed trade war

JOHANNESBURG: South Africa's rand gave up its earlier gains on Thursday as another round of risk selling in global marke

Published 09 May, 2019 07:56pm

Financial

South African rand firmer after elections, stocks fall

JOHANNESBURG: South Africa's rand firmed in early trade on Thursday, a day after an election for a new parliament and pr

Published 09 May, 2019 07:51am

Financial

South African rand steady ahead of elections, stocks down

JOHANNESBURG: The South African rand steadied against the US dollar on Tuesday ahead of Wednesday's elections for parlia

Published 07 May, 2019 07:20pm

Financial

South Africa's rand steady with elections bets balanced

JOHANNESBURG: The South African rand inched upward early on Tuesday, bouncing back from the previous session's losses as

Published 07 May, 2019 08:16am

Financial

South African rand and equities weaken on US-China trade fears

JOHANNESBURG: The South African rand weakened on Monday as the country heads for national elections on Wednesday while w

Published 06 May, 2019 07:34pm

Financial

South Africa's rand falls as election jitters, trade fears grow

JOHANNESBURG: South Africa's rand weakened on Monday amid jitters over upcoming elections and worries over a trade w

Published 06 May, 2019 03:02pm

Financial

South Africa's rand firms against greenback, stocks rise

JOHANNESBURG: South Africa's rand firmed on Friday as a modest US jobs report weighed on the dollar, although many inves

Published 03 May, 2019 07:59pm

Financial

South Africa's rand weaker after US Fed holds lending rates, stocks gain

JOHANNESBURG: South Africa's rand weakened on Thursday, alongside emerging markets, after the United States central bank

Published 02 May, 2019 07:32pm

Financial

South Africa's rand firmer after U.S. Fed holds lending rates

JOHANNESBURG: South Africa's rand firmed on Thursday, boosted by the decision by the United States central bank to keep

Published 02 May, 2019 09:03am

Financial

South Africa's rand steadies after trade data, stocks fall

JOHANNESBURG: South Africa's rand steadied in late afternoon trade on Tuesday, recovering from losses earlier in the ses

Published 30 Apr, 2019 08:03pm

Financial

South African rand firms, stocks led lower by gold miners

JOHANNESBURG: South Africa's rand firmed against a steady dollar on Monday, as investors looked ahead to key offshore ev

Published 29 Apr, 2019 09:57pm

Financial

South Africa's rand firmer as dollar buyers tread water ahead of Fed comments

JOHANNESBURG: South Africa's rand firmed early on Monday, scoring some relief against a slack dollar as investors looked

Published 29 Apr, 2019 08:24am

Financial

South Africa's rand firms as dollar slips, stocks flat

JOHANNESBURG: South Africa's rand firmed on Friday, recovering from a four-week low touched in the previous session, as

Published 26 Apr, 2019 09:50pm

Financial

WEEKAHEAD-AFRICA-FX-Mixed end-month outlook for African currencies

NAIROBI: Ugandan, Zambian and Tanzanian currencies are expected to strengthen against the US dollar next week, with Nige

Published 25 Apr, 2019 09:34pm

Financial

South Africa's rand hovers near 4-week low, stocks down

JOHANNESBURG: South Africa's rand turned flat in late afternoon trade on Thursday, but hovered near a four-week low hit

Published 25 Apr, 2019 08:25pm

Financial

South Africa's rand dips as global growth fears, oil spike stokes risk-off

JOHANNESBURG: South Africa's rand retreated on Thursday, succumbing to a firming U.S. dollar, as rising oil prices globa

Published 25 Apr, 2019 08:17am

Financial

South Africa's rand weakens as consumer confidence declines, stocks down

JOHANNESBURG: South Africa's rand slipped to a three-week low on Wednesday as the consumer confidence index showed a dec

Published 24 Apr, 2019 08:39pm

Financial

South African rand falls as U.S. data bolsters dollar

JOHANNESBURG: South Africa's rand slipped to a three-week low in early trade on Wednesday as robust U.S. economic data s

Published 24 Apr, 2019 08:50am

Financial

Saudi Arabia posts 27.8bn riyals budget surplus in Q1 -finance minister

RIYADH: Saudi Arabia had a budget surplus of 27.8 billion riyals ($7.41 billion) in the first quarter of this year, its

Published 24 Apr, 2019 08:00am

Financial

South Africa's rand slips on stronger dollar, stocks up

JOHANNESBURG: South Africa's rand fell more than 1 percent on Tuesday as a firmer US dollar weighed on developing world

Published 23 Apr, 2019 11:27pm

Financial

South Africa's rand, bonds little changed, stocks set to open higher

JOHANNESBURG: South Africa's rand was little changed in early trade on Tuesday with investors refraining from making lar

Published 23 Apr, 2019 08:37am

Financial

South Africa's rand weaker as risk demand fades before Easter, stocks up

JOHANNESBURG: South Africa's currency weakened on Thursday, losing ground against a stronger dollar as investors clo

Published 18 Apr, 2019 08:11pm

Financial

Turkish dollar bonds fall on fresh concerns over Turkey's reserves

DUBAI: Turkey's dollar-denominated sovereign bonds slumped on Thursday, weighed down by fresh concerns about the central

Published 18 Apr, 2019 08:58am

Financial

South African rand lifted by Chinese growth; stocks flat

JOHANNESBURG: South Africa's rand firmed on Wednesday as an unexpected rise in economic growth in major trading part

Published 17 Apr, 2019 08:36pm

Financial

South Africa's rand lifted by faster Chinese growth

JOHANNESBURG: South Africa's rand firmed on Wednesday ahead of consumer inflation and retail sales data, lifted by risin

Published 17 Apr, 2019 03:18pm

Financial

Ugandan shilling unchanged as importer and bank demand ebbs

KAMPALA: The Uganda shilling traded stable on Wednesday amid ebbing demand for hard currency from both commercial banks

Published 17 Apr, 2019 02:52pm

Financial

Kenyan shilling under pressure from surplus money market liquidity

NAIROBI: The Kenyan shilling was seen under pressure against the dollar on Wednesday due to surplus liquidity in the lo

Published 17 Apr, 2019 02:42pm

Financial

South Africa's rand lifted by faster Chinese growth

JOHANNESBURG: South Africa's rand firmed on Wednesday ahead of consumer inflation and retail sales data, lifted by risin

Published 17 Apr, 2019 08:17am

Financial

South Africa's rand weaker after Moody's report

JOHANNESBURG: South Africa's rand slipped on Tuesday, as Moody's warned of risks to the country's last investment gr

Published 16 Apr, 2019 08:50pm

Financial

South Africa's rand inches higher as bulls reappear

JOHANNESBURG: South Africa's rand edged higher on Tuesday, recovering from a slide the session before as traders bet

Published 16 Apr, 2019 01:51pm

Financial

Kenyan shilling weakens against the dollar

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday amid dollar demand from merchandise importers and s

Published 16 Apr, 2019 01:45pm

Financial

South Africa's rand inches higher as bulls reappear

JOHANNESBURG: South Africa's rand edged higher on Tuesday, recovering from a slide the session before as traders bet on

Published 16 Apr, 2019 08:26am

Financial

South African rand weakens amid global negotiations, stocks down

JOHANNESBURG: South Africa's rand and stocks were slightly weaker at the start of a shortened week on Monday trackin

Published 15 Apr, 2019 08:05pm

Financial

South Africa's rand pauses rally with investors in wait-and-see mode

JOHANNESBURG: South Africa's rand traded flat early on Monday, pausing a recent rally that pushed it past 14.00 to the d

Published 15 Apr, 2019 02:08pm

Financial

South Africa's rand pauses rally with investors in wait-and-see mode

JOHANNESBURG: South Africa's rand traded flat early on Monday, pausing a recent rally that pushed it past 14.00 to the d

Published 15 Apr, 2019 07:04am

Financial

South Africa's rand firms on falling dollar, stocks up

JOHANNESBURG: South Africa's rand was set to end the week on a firmer footing on Friday as the US dollar weakened, w

Published 12 Apr, 2019 06:32pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Ken yan shilling held steady against the dollar on Friday with inflows from offshore investors buying gover

Published 12 Apr, 2019 01:33pm

Financial

South Africa's rand falls on firm dollar, weak data

JOHANNESBURG: South Africa's rand weakened on Thursday as the U.S. dollar firmed and weak domestic mining and manufa

Published 11 Apr, 2019 08:54pm

Financial

South Africa's rand holds firm amidst grim global outlook

JOHANNESBURG: South Africa's rand held on to its gains in early trade on Thursday amid grim forecasts for the global eco

Published 11 Apr, 2019 08:13am

Financial

South Africa's rand crosses 14.00 threshold, stocks gain

JOHANNESBURG: South Africa's rand firmed below the 14.00 threshold on Wednesday for the first time in six weeks as a

Published 10 Apr, 2019 08:03pm

Financial

South Africa's rand crosses 14.00 threshold, stocks gain

JOHANNESBURG: South Africa's rand firmed below the 14.00 threshold on Wednesday for the first time in six weeks as a sof

Published 10 Apr, 2019 03:33pm

Financial

South African rand retreats slightly from near six-week best

JOHANNESBURG: South Africa's rand retreated slightly from a near six-week best in early trade on Wednesday as investor c

Published 10 Apr, 2019 09:32am

Financial

South Africa's rand hits near 6-week best as dollar falls, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday, supported by a retreating dollar, which was shackled by a combinati

Published 09 Apr, 2019 05:08pm

Financial

South Africa's rand on the front foot in early trade

JOHANNESBURG: South Africa's rand firmed early on Tuesday, advancing alongside Asian currencies as a dollar wobble helpe

Published 09 Apr, 2019 08:52am

Financial

South African rand weakens slightly, resources lift stocks

JOHANNESBURG: South Africa's rand weakened slightly on Monday, struggling to regain the momentum that lifted it to a

Published 08 Apr, 2019 08:54pm

Financial

Forint hits 12-week-low vs zloty despite trade surplus

BUDAPEST/PRAGUE: The forint hit a 12-week-low against the zloty on Monday against the backdrop of gloomier sentiment

Published 08 Apr, 2019 11:29am

Financial

Turkish lira weakens as Erdogan questions initial election result

ISTANBUL: The Turkish lira weakened to as far as 5.7120 against the dollar on Monday after Turkish President Tayyip Erdo

Published 08 Apr, 2019 08:53am

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Friday propped up by diaspora remittances and reduced dol

Published 05 Apr, 2019 02:06pm

Financial

South African rand set for 3 pct weekly gain after Moody's review delay

JOHANNESBURG: The South African rand firmed on Friday and was on course for gains of around 3 percent this week against

Published 05 Apr, 2019 10:14am

Financial

South African rand firmer, stocks dragged down by profit-taking

JOHANNESBURG: South Africa's rand firmed on Thursday, eking out gains late in the session as hopes of a trade deal b

Published 04 Apr, 2019 07:44pm

Financial

Ugandan and Tanzanian currencies seen falling

KAMPALA: The currencies of Uganda and Tanzania are likely to depreciate next week as Zambia's appreciates and those of N

Published 04 Apr, 2019 02:39pm

Financial

South Africa rand, stocks gain as trade optimism boost risk appetite

JOHANNESBURG: South Africa's rand strengthened on Wednesday as hopes of a trade deal between the United States and C

Published 03 Apr, 2019 08:45pm

Financial

Ugandan shilling broadly stable, could weaken on importer demand

KAMPALA: The Ugandan shilling was broadly stable, though with a bias toward the weaker side, on the back of a pick-up in

Published 03 Apr, 2019 02:51pm

Financial

South Africa rand gains on hopes US-China trade war is easing

JOHANNESBURG: South Africa's rand strengthened on Wednesday amid growing appetite for risk on hopes for progress in trad

Published 03 Apr, 2019 12:45pm

Financial

Kenyan shilling holds steady, debt inflows offer support

NAIROBI: The Kenyan shilling was stable on Wednesday, as inflows from offshore investors into the local government debt

Published 03 Apr, 2019 12:41pm

Financial

Ugandan shilling broadly stable, could weaken on importer demand

KAMPALA: The Ugandan shilling was broadly stable, though with a bias toward the weaker side, on the back of a pick-up in

Published 03 Apr, 2019 10:24am

Financial

Turkish lira weakens 0.3pc, pressured by diplomatic row

ISTANBUL: The Turkish lira eased to 5.62 against the dollar early on Wednesday, remaining under pressure after weakening

Published 03 Apr, 2019 08:51am

Financial

South Africa's rand weakens as Moody's relief rally fades

JOHANNESBURG: South Africa's rand weakened against a firmer US dollar in afternoon trade on Tuesday, retreating from a o

Published 02 Apr, 2019 04:16pm

Financial

Uganda shilling little-changed against the dollar amid limited appetite

KAMPALA: The Uganda shilling was little-changed on Tuesday, amid limited appetite for hard currency from both importers

Published 02 Apr, 2019 02:11pm

Financial

C$ holds near 11-day high as Chinese data boosts sentiment

TORONTO: The Canadian dollar was nearly unchanged against its US counterpart on Monday, steadying near an earlier 11

Published 01 Apr, 2019 09:35pm

Financial

South African rand reaches week high as Moody's delays decision

JOHANNESBURG: South Africa's rand gained on Monday after Moody's delayed its credit rating decision while Chinese st

Published 01 Apr, 2019 07:48pm

Financial

South African rand firms after Moody's delays rating review

JOHANNESBURG: South Africa's rand firmed against the dollar early on Monday as ratings downgrade fears eased after Moody

Published 01 Apr, 2019 01:07pm

Financial

South Africa records 4bn rand trade balance surplus in February

JOHANNESBURG: South Africa's trade balance swung to a surplus of 3.99 billion rand ($275 million) in February from a

Published 29 Mar, 2019 12:28pm

Financial

South Africa's rand edges higher ahead of Moody's rating review

JOHANNESBURG: South Africa's rand edged firmer early on Friday, lifted by a spell of risk demand after economic growth i

Published 29 Mar, 2019 09:19am

Financial

Nigerian naira may slip, Kenyan shilling seen holding steady

NAIROBI: Nigeria's naira is forecast to soften against the dollar in the week to next Thursday, while Kenya's shilli

Published 28 Mar, 2019 08:19pm

Financial

South Africa's rand slides alongside EM currencies, stocks steady

JOHANNESBURG: South Africa's rand extended its fall on Thursday, tracking emerging market currencies as the Turkish

Published 28 Mar, 2019 07:33pm

Financial

Ugandan shilling weakens on demand from charities

KAMPALA: The Ugandan shilling traded weaker on Thursday due to dollar demand from non-governmental organisations looking

Published 28 Mar, 2019 01:58pm

Financial

AFRICA-FX-Nigerian naira may slip, Kenyan shilling seen holding steady

NAIROBI: Nigeria's naira is forecast to soften against the dollar in the week to next Thursday, while Kenya's shilling i

Published 28 Mar, 2019 01:55pm

Financial

South African rand slumps to 3-month low as Turkey turmoil hits emerging markets

JOHANNESBURG: South Africa's rand tumbled to its weakest since early January on Wednesday, as sentiment toward emerg

Published 27 Mar, 2019 09:11pm

Financial

South Africa's rand slips as dollar rebounds, stocks tick up

JOHANNESBURG: South Africa's rand slipped on Tuesday, surrendering the previous session's gains as the dollar reboun

Published 26 Mar, 2019 08:15pm

Financial

South Africa's rand firms on weaker dollar, stocks fall

JOHANNESBURG: South Africa's rand firmed on Monday, gaining alongside other emerging market currencies as concerns o

Published 25 Mar, 2019 08:59pm

Financial

South Africa's rand slides as global recession fears hit emerging markets

JOHANNESBURG: South Africa's rand retreated against the dollar early on Monday, weakening alongside other emerging marke

Published 25 Mar, 2019 09:17am

Financial

South Africa's rand falls on risk aversion, stocks steady

JOHANNESBURG: South Africa's rand fell on Friday, alongside other emerging-market currencies, after disappointing ec

Published 22 Mar, 2019 05:30pm

Financial

Sudan's Bashir bans hoarding of Sudanese pounds, protests flare

KHARTOUM: Sudan's President Omar al-Bashir banned hoarding of the Sudanese pound and "speculation" on the currency,

Published 21 Mar, 2019 05:57pm

Financial

Kenyan shilling seen weakening, other African currencies stable

NAIROBI: Kenya's shilling is expected to lose momentum against the US dollar in the coming week but most other African c

Published 21 Mar, 2019 03:01pm

Financial

South Africa's rand steady, investors eye Fed meeting

JOHANNESBURG: South Africa's rand traded flat on Tuesday as the dollar sagged on expectations the Federal Reserve would

Published 19 Mar, 2019 07:16am

Financial

South Africa's rand weakens on continued rolling power cuts

JOHANNESBURG: South Africa's rand weakened slightly early on Monday as continued rolling power cuts from the state-owned

Published 18 Mar, 2019 07:56am

Financial

South Africa's rand firms as trade optimism lifts emerging markets

JOHANNESBURG: South Africa's firmed on Friday as demand for emerging market currencies lifted on reports that China

Published 15 Mar, 2019 04:09pm

Financial

South African rand falls after poor data; equities flat

JOHANNESBURG: The South African rand fell on Thursday, hurt by subdued appetite for emerging market assets and data

Published 14 Mar, 2019 04:12pm

Financial

South African rand weaker before manufacturing, mining data

JOHANNESBURG: South Africa's rand was weaker on Thursday before mining and manufacturing data releases later in the

Published 14 Mar, 2019 02:00pm

Financial

South Africa's rand weaker before next Brexit showdown

JOHANNESBURG: South Africa's rand weakened against the dollar on Wednesday as investors stayed away from riskier ass

Published 13 Mar, 2019 03:56pm

Financial

South Africa's rand slips as Brexit chaos weighs on risk demand

JOHANNESBURG: South Africa's rand weakened early on Wednesday as the ongoing crisis in Britain over its exit from the Eu

Published 13 Mar, 2019 08:11am

Financial

South Africa's rand firms as risk appetite improves after Brexit deal changes

JOHANNESBURG: South Africa's rand firmed against the dollar on Tuesday, helped by increased risk appetite for emergi

Published 12 Mar, 2019 01:01pm

Financial

South Africa's rand firms on improved risk appetite, Naspers lift stocks

JOHANNESBURG: South Africa's rand firmed on Monday, helped by increasing demand for emerging market currencies amid

Published 11 Mar, 2019 04:38pm

Financial

South African rand at near 9-wk low; risk aversion persists on growth woes

JOHANNESBURG: South Africa's rand hovered close to a nine-week low against the dollar in early trade on Friday, as dovis

Published 08 Mar, 2019 07:02am

Financial

Kenya's shilling rises to its strongest level since July 2015

NAIROBI: The Kenyan shilling jumped to its strongest level against the dollar in more than three-and-a-half years on

Published 07 Mar, 2019 12:19pm

Financial

South African rand weaker, stocks led up by Naspers

JOHANNESBURG: South Africa's rand weakened against the dollar on Wednesday, weighed down by a souring growth outlook as

Published 06 Mar, 2019 07:45pm

Financial

South African rand weaker, stocks led up by Naspers

JOHANNESBURG: South Africa's rand weakened against the dollar on Wednesday, weighed down by a souring growth outlook

Published 06 Mar, 2019 04:51pm

Financial

South African rand falls as dollar hovers near 2-week high

JOHANNESBURG, March 6 (Reuters) - South Africa's rand weakened against the dollar in early trade on Wednesday, as the gr

Published 06 Mar, 2019 06:39am

Financial

South Africa's rand trades sideways ahead of GDP data

JOHANNESBURG: South Africa's rand weakened slightly early on Tuesday after some broad emerging-market momentum overnight

Published 05 Mar, 2019 08:13am

Financial

South African rand firms as U.S.-China trade optimism boosts risk appetite

JOHANNESBURG: South Africa's rand firmed against the dollar in early trade on Monday as risk appetite improved on signs

Published 04 Mar, 2019 07:58am

Financial

South Africa's rand falls on subdued risk appetite

JOHANNESBURG: The South African rand fell on Thursday as fading hopes for a U.S-China trade deal and an unsatisfacto

Published 28 Feb, 2019 05:18pm

Financial

South Africa's rand stumbles as geopolitical tensions weigh

JOHANNESBURG: South Africa's rand continued to weaken early on Thursday as geopolitical tensions abroad and uncertainty

Published 28 Feb, 2019 08:42am

Financial

South African rand steady on soft dollar after Fed comments

JOHANNESBURG: South Africa's rand held steady in early trade on Wednesday as the dollar hovered near a three-week low af

Published 27 Feb, 2019 09:20am

Financial

South Africa's rand falls as risk demand cools, stocks inch up

JOHANNESBURG: South Africa's rand fell on Tuesday, ending a rally that had seen the currency breach a key technical

Published 26 Feb, 2019 05:01pm

Financial

South Africa's rand retreats on cooling trade optimism

JOHANNESBURG: South Africa's rand weakened early on Tuesday, pausing a post-budget rally that saw the currency trade

Published 26 Feb, 2019 01:18pm

Financial

South Africa's rand retreats on cooling trade optimism

JOHANNESBURG: South Africa's rand weakened early on Tuesday, pausing a post-budget rally that saw the currency trade bel

Published 26 Feb, 2019 08:20am

Financial

South Africa's rand firms after Moody's hints at ratings reprieve

JOHANNESBURG: South Africa's rand strengthened against the dollar on Friday, putting it on track to end a week marked by

Published 22 Feb, 2019 08:27am

Financial

Rand gains on hopes South African budget will prevent downgrade

CAPE TOWN: South Africa's rand rebounded on Thursday as traders bet that a budget released the day before would pers

Published 21 Feb, 2019 02:47pm

Financial

South Africa's rand on the backfoot after lukewarm budget

JOHANNESBURG: South Africa's rand traded slightly weaker on Thursday, a day after the finance minister announced a parti

Published 21 Feb, 2019 08:39am

Financial

South Africa's rand flat after slipping in knee-jerk reaction to budget

JOHANNESBURG: South Africa's rand was largely flat in afternoon dealings on Wednesday, recouping the bulk of losses

Published 20 Feb, 2019 05:20pm

Financial

South Africa's rand flat with annual budget hours away

South Africa's rand was largely flat against the dollar on Wednesday, a few hours before Finance Minister Tito Mboweni p

Published 20 Feb, 2019 07:21am

Financial

South Africa's rand tepid ahead of annual budget speech

JOHANNESBURG: South Africa's rand inched lower on Tuesday, with investors pricing in domestic risks ahead of the ann

Published 19 Feb, 2019 07:51pm

Financial

South Africa's rand weakens as Eskom crisis weighs

JOHANNESBURG: South Africa's rand fell on Tuesday, with investors staying on the sidelines ahead of the annual budget wh

Published 19 Feb, 2019 08:40am

Financial

South Africa's rand weaker, stocks hit 3-1/2-month high

JOHANNESBURG: South Africa's rand weakened in late afternoon trade on Monday as investors awaited Wednesday's budget

Published 18 Feb, 2019 09:34pm

Financial

Turkish lira weakens after central bank move on lira reserves

ISTANBUL: The Turkish lira eased nearly 1 percent on Monday after a central bank decision to lower lira reserve requirem

Published 18 Feb, 2019 11:44am

Financial

South Africa's rand steady as Eskom-linked rout pauses

JOHANNESBURG: South Africa's rand firmed on Monday as the previous week's rout over electricity blackouts eased, with so

Published 18 Feb, 2019 11:23am

Financial

South African rand heads for over 3pc weekly loss on power crisis

JOHANNESBURG: South Africa's rand was on course for a loss of more than three percent against the dollar this week,

Published 15 Feb, 2019 07:51pm

Financial

South African rand tumbles as Eskom sours outlook, stocks flat

JOHANNESBURG: South Africa's rand weakened past 14 per dollar on Thursday as state-owned power utility Eskom imposed

Published 14 Feb, 2019 09:13pm

Financial

Kenyan shilling firm, draws support from offshore investors

NAIROBI: The Kenyan shilling was broadly stable against the dollar on Thursday, drawing support from inflows by offshore

Published 14 Feb, 2019 12:54pm

Financial

South African rand slumps on Eskom fears, US inflation

JOHANNESBURG: South Africa's rand sank more than 1 percent on Wednesday as concerns over state power firm Eskom were

Published 13 Feb, 2019 09:07pm

Financial

South African rand firms as trade-talk progress boosts risk assets

JOHANNESBURG: South Africa's rand firmed against the dollar in early session on Wednesday, supported by rising risk appe

Published 13 Feb, 2019 04:59pm

Financial

Ugandan shilling stable amid support from offshore inflows

KAMPALA: The Ugandan shilling was stable on Wednesday, underpinned by inflows from offshore investors buying Ugandan deb

Published 13 Feb, 2019 12:00pm

Financial

Ugandan shilling unchanged amid sagging demand from importers, banks

KAMPALA: The Ugandan shilling traded unchanged on Tuesday, amid lacklustre demand for hard currency from both importers

Published 12 Feb, 2019 01:17pm

Financial

South African rand steady at start of data-filled week

JOHANNESBURG: South Africa's rand steadied against the dollar in early session on Monday, as traders focus on a slew of

Published 11 Feb, 2019 02:58pm

Financial

South African rand steady at start of data-filled week

JOHANNESBURG: South Africa's rand steadied against the dollar in early session on Monday, as traders focus on a slew of

Published 11 Feb, 2019 07:21am

Financial

Rand regains some ground as dollar rally fades

JOHANNESBURG: South Africa's rand recovered on Friday, tracking peers like the Turkish lira and Russian rouble as the do

Published 08 Feb, 2019 05:12pm

Financial

South Africa's rand hits 1-week low as firm dollar weighs

JOHANNESBURG: South Africa's rand weakened on Friday, as the currency along with other emerging markets were pressured b

Published 08 Feb, 2019 09:21am

Financial

Nigeria naira firms 0.6pc in a week as funds buy bonds

LAGOS: Nigerian naira gained 0.55 percent in a week to 361 against the U.S. dollar as foreign funds shrugged off the

Published 07 Feb, 2019 09:12pm

Financial

South African markets on knife edge ahead of Ramaphosa address

JOHANNESBURG: South Africa's rand weakened on Thursday against a broadly stronger dollar as investors prepared for Presi

Published 07 Feb, 2019 04:49pm

Financial

Ugandan shilling strengthens against the dollar

KAMPALA: The Ugandan shilling firmed on Wednesday on the back of some inflows from exporters of farm commodities like co

Published 06 Feb, 2019 01:51pm

Financial

South Africa's rand tumbles in subdued trade

JOHANNESBURG: South Africa's rand weakened early on Wednesday as the dollar regained some ground and investors kept shy

Published 06 Feb, 2019 07:36am

Financial

South African rand steady before Trump State of the Union address, stocks up

JOHANNESBURG: South Africa's rand steadied against the dollar in late afternoon trade on Tuesday as traders awaited US P

Published 05 Feb, 2019 04:17pm

Financial

South Africa's rand backtracks after Fed surge

JOHANNESBURG: South Africa's rand weakened early on Friday, giving up some of the ground it gained after a Fed-inspired

Published 01 Feb, 2019 10:39am

Financial

South African rand climbs to five-month high on dovish Fed

JOHANNESBURG: South Africa's rand gained to its highest in nearly six months on Thursday as the United States centra

Published 31 Jan, 2019 10:17pm

Financial

South African rand slips after post-Fed surge

JOHANNESBURG: South Africa's rand slipped early on Thursday, after surging overnight on dovish comments by the US Federa

Published 31 Jan, 2019 01:15pm

Financial

Kenyan shilling seen easing against the dollar

NAIROBI: The Kenyan shilling firmed against the dollar on Thursday due to hard currency inflows from diaspora remittance

Published 31 Jan, 2019 01:06pm

Financial

Ugandan shilling in firm position on back of end-month flows

KAMPALA: The Uganda shilling traded unchanged on Thursday as some typical end-month inflows of hard currency from commod

Published 31 Jan, 2019 12:49pm

Financial

South African rand slips after post-Fed surge

JOHANNESBURG: South Africa's rand slipped early on Thursday, after surging overnight on dovish comments by the U.S. Fede

Published 31 Jan, 2019 08:21am

Financial

South African rand steady before Fed's policy decision, stocks down

JOHANNESBURG: South Africa's rand steadied against the dollar on Wednesday as investors awaited the Federal Reserve's po

Published 30 Jan, 2019 04:30pm

Financial

South Africa's rand inches up as offshore turmoil aids EM currencies

JOHANNESBURG: South Africa's rand opened marginally firmer on Wednesday with investors treading water and awaiting devel

Published 30 Jan, 2019 11:44am

Financial

South Africa's rand steady; focus on Sino-U.S. trade talks

JOHANNESBURG: South Africa's rand was largely unchanged on Tuesday as traders looked for direction from the latest devel

Published 29 Jan, 2019 07:42am

Financial

South Africa's rand weakens in cautious trade, stocks down

JOHANNESBURG: South Africa's rand weakened against the dollar on Monday, before a week packed with market-moving eve

Published 28 Jan, 2019 08:48pm

Financial

South Africa's rand edges lower in cautious early trade

JOHANNESBURG: South Africa's rand edged weaker on Monday in cautious trade as investors assessed the impact of the end o

Published 28 Jan, 2019 03:34pm

Financial

South African rand firms, banks top blue-chip index

JOHANNESBURG: South Africa's rand firmed against the dollar on Friday, supported by a pick up in risk-taking, while

Published 25 Jan, 2019 09:04pm

Financial

South African rand rallies against weaker dollar; stocks slip

JOHANNESBURG: The South African rand rallied against a weaker dollar on Wednesday as top trading partner China pledg

Published 23 Jan, 2019 08:54pm

Financial

Ugandan shilling firms as energy firms, other buyers stay on sidelines

KAMPALA: Ugandan shilling firmed on Wednesday on the back of weak appetite for hard currency from major buyers in the en

Published 23 Jan, 2019 02:05pm

Financial

South African rand recovers before inflation data

JOHANNESBURG: The South African rand recouped some of the previous day's losses early on Wednesday, before the release o

Published 23 Jan, 2019 08:10am

Financial

South Africa's rand weakens on risk aversion

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Tuesday, still reeling from concerns abo

Published 22 Jan, 2019 02:54pm

Financial

South Africa's rand weakens on risk aversion

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Tuesday, still reeling from concerns abo

Published 22 Jan, 2019 10:19am

Financial

South African rand flat in early trade

JOHANNESBURG: South Africa's rand was unchanged early on Monday, as the dollar held steady and investor risk appetite h

Published 21 Jan, 2019 09:02am

Financial

South African rand weaker on less hawkish c.bank stance

JOHANNESBURG: South Africa's rand was weaker on Friday, a day after the central bank adopted a less hawkish tone at its

Published 18 Jan, 2019 08:45pm

Financial

South African rand weaker on less hawkish central bank stance

JOHANNESBURG: South Africa's rand was weaker on Friday, a day after the central bank adopted a less hawkish tone at

Published 18 Jan, 2019 05:52pm

Financial

South African rand steady in early trade

JOHANNESBURG: South Africa's rand traded steady against the dollar on Friday, after slipping in the previous session fol

Published 18 Jan, 2019 09:20am

Financial

Kenyan, Nigeria currencies seen stable, Uganda's to weaken

NAIROBI: The Kenyan shilling and the Nigerian naira are expected to remain stable in the next week, while the Uganda

Published 17 Jan, 2019 03:06pm

Financial

South African rand marginally lower ahead of central bank rate decision

JOHANNESBURG: South Africa's rand was slightly weaker against the dollar in early trade on Thursday ahead of a central b

Published 17 Jan, 2019 09:39am

Financial

South Africa's rand little changed, eyes on retail sales data

JOHANNESBURG: South Africa's rand was little changed against the dollar in early trade on Wednesday amid uncertainty ove

Published 16 Jan, 2019 09:34am

Financial

South African rand steadies against dollar in early trade

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Tuesday ahead of closely watched data re

Published 15 Jan, 2019 09:42am

Financial

South African rand falls on subdued risk appetite

JOHANNESBURG: South Africa's rand fell in early trade on Monday amid subdued risk appetite after a shock contraction in

Published 14 Jan, 2019 08:47am

Financial

South African rand little changed, stocks follow EM peers higher

JOHANNESBURG: The South African rand barely moved in afternoon deals on Friday, giving up earlier gains stemming fro

Published 11 Jan, 2019 04:06pm

Financial

South African rand steady as US-China optimism offsets weak data

JOHANNESBURG: South Africa's rand held steady on Thursday, as disappointing economic data were offset by market opti

Published 10 Jan, 2019 04:21pm

Financial

South Africa's rand flat in early trade

JOHANNESBURG: South Africa's rand held steady in early trade on Thursday, with the dollar subdued and markets hopeful th

Published 10 Jan, 2019 10:24am

Financial

South Africa's rand, stocks gain on US-China trade deal optimism

JOHANNESBURG: South Africa's rand and stocks gained on Wednesday, in line with other emerging markets as hopes the U

Published 09 Jan, 2019 04:39pm

Financial

South Africa's rand firms on US-China trade deal optimism

JOHANNESBURG: South Africa's rand firmed on Wednesday against a softer dollar as increased optimism that China and t

Published 09 Jan, 2019 12:54pm

Financial

South Africa's rand to weaken in volatile trade this year

JOHANNESBURG: South Africa's rand will lose over 3 percent of its value in volatile trade against the dollar this ye

Published 09 Jan, 2019 11:59am

Financial

South Africa's rand firms on U.S.-China trade deal optimism

JOHANNESBURG: South Africa's rand firmed on Wednesday against a softer dollar as increased optimism that China and the U

Published 09 Jan, 2019 09:13am

Financial

South African rand loses ground as dollar recovers

JOHANNESBURG: The South African rand weakened on Tuesday, eating into strong gains since the start of the year as th

Published 08 Jan, 2019 04:33pm

Financial

South African rand extends gains versus sliding dollar

JOHANNESBURG: The South African rand strengthened against the dollar on Monday, adding to strong gains last week as

Published 07 Jan, 2019 04:38pm

Financial

South Africa's rand consolidates gains after dollar dip

JOHANNESBURG: South Africa's rand was largely unchanged in early trade on Monday, steadying after a strong run last week

Published 07 Jan, 2019 09:35am

Financial

South African rand steadies after being hit by global selloff

JOHANNESBURG: The South African rand had recovered losses by the end of the day on Thursday after a sharp selloff in eme

Published 03 Jan, 2019 07:55pm

Financial

South Africa's rand falls to 3-month low in global selloff

JOHANNESBURG: South Africa's rand tumbled to its weakest in three months on Thursday as emerging market currencies were

Published 03 Jan, 2019 07:36am

Financial

South Africa's rand, stocks tumble as China data disappoint

JOHANNESBURG: South Africa's rand weakened more than one percent on Wednesday as weak Chinese manufacturing data off

Published 02 Jan, 2019 04:05pm

Financial

South African rand, stocks see positive end to difficult year

JOHANNESBURG: South Africa's rand and stocks edged up in the final trading session of the year on Monday buoyed by h

Published 31 Dec, 2018 08:35pm

Financial

South Africa's rand gains on easing U.S.-China trade tensions

JOHANNESBURG: South Africa's rand gained early on Monday on reports of progress in trade talks between China and the Uni

Published 31 Dec, 2018 07:51am

Financial

South Africa's rand firmer on positive trade data

JOHANNESBURG: South Africa's rand firmed against a weaker dollar in light year-end trade on Friday, helped by data that

Published 28 Dec, 2018 08:50pm

Financial

South Africa's rand edges up in light year-end trade

JOHANNESBURG: South Africa's rand gained on Thursday against a dollar weakened by lingering concerns about the trade wra

Published 27 Dec, 2018 08:55pm

Financial

South Africa's rand firms as US political uncertainty weighs on dollar

JOHANNESBURG: South Africa's rand gained early on Monday in low-volume trade ahead of a holiday-shortened week, as polit

Published 24 Dec, 2018 10:06am

Financial

South African rand on course for weekly gains, stocks up

JOHANNESBURG: South Africa's rand was on course on Friday for a gain on the week despite the dollar's bounce as markets

Published 21 Dec, 2018 09:32pm

Financial

South African rand gains as dollar falls after Fed meeting

JOHANNESBURG: South Africa's rand firmed on Thursday, recouping some of its overnight losses as the dollar fell on g

Published 20 Dec, 2018 04:03pm

Financial

South African rand gains as Fed signals fewer hikes for 2019

JOHANNESBURG: South Africa's rand traded stronger early Thursday, after the U.S. Federal Reserve raised interest rates a

Published 20 Dec, 2018 08:22am

Financial

South African rand rises as dollar falls before Fed rate decision

JOHANNESBURG: South Africa's rand firmed on Wednesday, as expectations that the US Federal Reserve will signal a slower

Published 19 Dec, 2018 04:53pm

Financial

Kenyan shilling strengthens amid tight money market liquidity

NAIROBI: The Kenyan shilling strengthened against the dollar on Wednesday due to tight liquidity in the money market and

Published 19 Dec, 2018 02:25pm

Financial

Ugandan shilling a touch firmer on interbank selling

KAMPALA: The Ugandan shilling was slightly stronger on Wednesday, on the back of an interbank sell off as some players s

Published 19 Dec, 2018 12:24pm

Financial

South African rand stronger as dollar slides, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday, helped by a fragile dollar as markets counted down to a crucial US

Published 18 Dec, 2018 04:09pm

Financial

South African rand stronger as dollar slides ahead of Fed

JOHANNESBURG: South Africa's rand traded slightly stronger early Tuesday, helped by a fragile dollar as markets counted

Published 18 Dec, 2018 07:25am

Financial

Kenyan shilling firm against the dollar

NAIROBI: The Kenyan shilling was firm on Monday due to easing dollar demand from oil and goods importers and tight liqui

Published 17 Dec, 2018 03:01pm

Financial

South African rand weaker in early trade

JOHANNESBURG: South Africa's rand weakened more than 1 percent early on Friday, in line with a rise in bond yields, as i

Published 14 Dec, 2018 08:51am

Financial

South African rand weaker, stocks inch up

JOHANNESBURG: South Africa's rand retreated on Thursday, giving up early small gains with traders cautious going into ye

Published 13 Dec, 2018 04:08pm

Financial

Uganda shilling to strengthen, Ghana cedi to hold steady

NAIROBI: Uganda's shilling is forecast to gain ground against the dollar in the week to Thursday, while Zambia's kwacha

Published 13 Dec, 2018 12:41pm

Financial

South African rand firms in early trade

JOHANNESBURG: South Africa's rand strengthened early on Thursday, as signs of easing Sino-U.S. trade tensions and expect

Published 13 Dec, 2018 08:35am

Financial

South Africa's rand firms as dollar slides, stocks jump

JOHANNESBURG: South Africa's rand firmed on Wednesday after the dollar fell as investors digested U.S. consumer pric

Published 12 Dec, 2018 10:04pm

Financial

Ugandan shilling firms on tight liquidity

KAMPALA: The Ugandan shilling firmed against the dollar on Wednesday, lifted by tight local currency liquidity as some p

Published 12 Dec, 2018 12:35pm

Financial

South African rand's volatility grows as economic risks gather

JOHANNESBURG: Implied volatility on South Africa's rand rose by its most since the last finance minister reshuffling in

Published 12 Dec, 2018 12:22pm

Financial

South Africa's rand firmer ahead of inflation numbers

JOHANNESBURG: South Africa's rand opened firmer on Wednesday, extending gains from the previous session as signs of thaw

Published 12 Dec, 2018 07:27am

Financial

South Africa's rand firms in line with emerging markets and stocks

JOHANNESBURG: The South African rand firmed on Tuesday, in line with other emerging market currencies and rise in st

Published 11 Dec, 2018 08:57pm

Financial

South Africa's rand rebounds

JOHANNESBURG: South Africa's rand opened firmer on Tuesday, clawing back the previous session's heavy losses, with inves

Published 11 Dec, 2018 09:12am

Financial

South African rand weaker on risk aversion sentiment, stocks fall

JOHANNESBURG: South Africa's rand weakened more than 1 percent on Monday, in line with falls in stocks and some emerging

Published 10 Dec, 2018 03:49pm

Financial

Kenyan shilling stable, expected to firm due to tight liquidity

NAIROBI: The Kenyan shilling was steady against the dollar on Monday and was expected to firm due to tight liquidity in

Published 10 Dec, 2018 02:34pm

Financial

South African rand firmer as dollar slides on soft payrolls data

JOHANNESBURG: South Africa's rand firmed in early trade on Monday as the dollar dropped after soft U.S. payrolls data fu

Published 10 Dec, 2018 08:32am

Financial

South African rand claws back lost ground in early trade

JOHANNESBURG: South Africa's rand steadied in early trade on Friday after tumbling more than 2 percent the previous sess

Published 07 Dec, 2018 09:22am

Financial

S.African rand slides as current account deficit widens, Eskom woes weigh

JOHANNESBURG: South Africa's rand weakened more than 2 percent on Thursday and bonds fell after the current account

Published 06 Dec, 2018 09:16pm

Financial

South African rand slides as current account deficit widens, Eskom woes weigh

JOHANNESBURG: South Africa's rand weakened more than 2 percent on Thursday and bonds fell after the current account defi

Published 06 Dec, 2018 04:52pm

Financial

Kenyan shilling stable amid tight liquidity in the money market

NAIROBI: The Kenyan shilling was stable against the dollar on Thursday supported by tight liquidity in the local money m

Published 06 Dec, 2018 02:14pm

Financial

South African stocks, bond, rand weaken as current account deficit grows

JOHANNESBURG: South Africa's rand weakened more than 1 percent on Thursday as bonds and stocks fell, after a report show

Published 06 Dec, 2018 01:15pm

Financial

South Africa's rand weakens on risk aversion

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Thursday as fears of a fresh flare-up in

Published 06 Dec, 2018 08:05am

Financial

South Africa's rand slightly firmer, stocks fall

JOHANNESBURG: South Africa's rand firmed on Wednesday, regaining some of the ground it lost overnight as concerns of

Published 05 Dec, 2018 09:05pm

Financial

South Africa's rand slightly firmer, stocks fall

JOHANNESBURG: South Africa's rand firmed on Wednesday, regaining some of the ground it lost overnight as concerns of a r

Published 05 Dec, 2018 03:46pm

Financial

Kenyan shilling firm on diaspora remittances, horticulture exports

NAIROBI: The Kenyan shilling was firm against the dollar on Wednesday due to inflows from remittances sent by Kenyans li

Published 05 Dec, 2018 03:07pm

Financial

South Africa's rand weakens as trade worries sour risk appetite

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Wednesday as worries that Washington and

Published 05 Dec, 2018 08:58am

Financial

South Africa's rand gives up earlier gains, stocks firm

JOHANNESBURG: South Africa's rand weakened on Tuesday as waning hopes of a swift resolution to the U.S.-China trade

Published 04 Dec, 2018 06:32pm

Financial

Kenyan shilling broadly stable on investor inflows

NAIROBI: The Kenyan shilling was broadly stable against the dollar on Tuesday amid hard currency inflows from offshore i

Published 04 Dec, 2018 12:06pm

Financial

South Africa's rand gains ahead of GDP data

JOHANNESBURG: South Africa's rand rose early on Tuesday ahead of economic growth data release for the third quarter ende

Published 04 Dec, 2018 09:51am

Financial

South Africa's rand and stocks lifted by US-China trade truce

JOHANNESBURG: South Africa's rand firmed more than 1 percent against a softer dollar on Monday, in line with emergin

Published 03 Dec, 2018 08:51pm

Financial

Kenyan shilling under pressure amid demand from importers ahead of holiday season

NAIROBI: The Kenyan shilling was under pressure on Monday due to demand from oil and merchant importers buying dollars a

Published 03 Dec, 2018 12:59pm

Financial

Ugandan shilling steady amid muted banks and importer demand

KAMPALA: The Ugandan shilling was steady on Monday, underpinned by flat appetite for hard currency both from players in

Published 03 Dec, 2018 12:55pm

Financial

South Africa's rand and stocks on the back foot ahead of G20 summit

JOHANNESBURG: South Africa's rand weakened against the dollar on Friday as demand for riskier assets remained subdue

Published 30 Nov, 2018 08:38pm

Financial

South Africa's rand steady, eyes on Trump-Xi meeting

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Friday, with investors cautious ahead of

Published 30 Nov, 2018 09:18am

Financial

South Africa's rand lifted by dovish Fed comments, stocks fall

JOHANNESBURG: South Africa's rand firmed against a softer dollar on Thursday, in line with emerging markets and a fa

Published 29 Nov, 2018 08:18pm

Financial

Nigerian naira weakens on black market to weakest since Aug 2017

LAGOS: The Nigerian naira weakened by 1 percent on the black market on Thursday to 370 per dollar, its weakest since Aug

Published 29 Nov, 2018 02:50pm

Financial

South Africa's rand firmer as dovish Fed boosts risk appetite

JOHANNESBURG: South Africa's rand firmed in early trade on Thursday, as the dollar faltered after the U.S. Federal Reser

Published 29 Nov, 2018 08:37am

Financial

S.Africa's rand holds steady; focus on trade tensions, Fed speech

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Wednesday, with investors focusing on th

Published 28 Nov, 2018 09:27am

Financial

South Africa's rand, stocks slide as trade tensions weigh

JOHANNESBURG: South Africa's rand weakened on Tuesday, surrendering earlier gains as risk aversion over trade tensio

Published 27 Nov, 2018 08:51pm

Financial

South Africa's rand steady in early trade

JOHANNESBURG: South Africa's rand held steady against the dollar in early trade on Tuesday, as investors shrugged off re

Published 27 Nov, 2018 12:52pm

Financial

Kenyan shilling weakens on end month demand

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday due to increased demand from oil and merchandise imp

Published 27 Nov, 2018 11:10am

Financial

South Africa's rand steady in early trade

JOHANNESBURG: South Africa's rand held steady against the dollar in early trade on Tuesday, as investors shrugged off r

Published 27 Nov, 2018 08:14am

Financial

Ugandan shilling stable amid inflows from exporters, NGOs

KAMPALA: The Ugandan shilling was unchanged on Monday amid end-of-month inflows of hard currency from non-governmental o

Published 26 Nov, 2018 11:13am

Financial

South Africa's rand firms in early trade

JOHANNESBURG: South Africa's rand firmed against the dollar in early trade on Monday, even though risk sentiment remaine

Published 26 Nov, 2018 07:48am

Financial

South Africa's rand climbs to 3-month best after central bank lifts rates

JOHANNESBURG: South Africa's rand rallied more than 1 percent on Thursday after the central bank raised benchmark le

Published 22 Nov, 2018 08:19pm

Financial

Kenyan shilling inches up as liquidity tightens

NAIROBI: The Kenyan shilling edged up on Thursday due to tightening liquidity in the money market, which normally drives

Published 22 Nov, 2018 12:05pm

Financial

South Africa's rand steady in early trade, focus on rates decision

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Thursday, with investors cautious ahead

Published 22 Nov, 2018 08:05am

Financial

South African rand dips on trade war jitters, stock rise

JOHANNESBURG: South Africa's rand weakened on Monday, slipping back above a crucial psychological level as higher be

Published 19 Nov, 2018 03:59pm

Financial

South African rand lifted by Brexit chaos, stocks inch up

JOHANNESBURG: South Africa's rand firmed for a third session in row on Thursday as local factors were overshadowed b

Published 15 Nov, 2018 04:11pm

Financial

South African rand rallies, stocks keep sliding

JOHANNESBURG: South Africa's rand rallied more than one percent on Wednesday after the dollar was subdued by data sh

Published 14 Nov, 2018 04:45pm

Financial

South African rand inches lower on risk aversion, stocks fall

JOHANNESBURG: South Africa's rand was slightly weaker against the dollar on Tuesday along with other emerging curren

Published 13 Nov, 2018 04:30pm

Financial

South Africa's rand weakens on subdued risk sentiment, stocks fall

JOHANNESBURG: South Africa's rand weakened on Monday as a dollar rally dimmed investor appetite for riskier assets, whil

Published 12 Nov, 2018 07:41pm

Financial

South Africa's rand slips on hawkish Fed; stocks slip

JOHANNESBURG: South Africa's rand weakened more than one percent on Friday in line with emerging market currencies as in

Published 09 Nov, 2018 10:33am

Financial

S.African rand firmed after US midterms dent dollar; stocks higher

JOHANNESBURG: South Africa's rand firmed against a weaker dollar on Wednesday after U.S. midterm elections split Con

Published 07 Nov, 2018 04:55pm

Financial

South Africa's rand weaker, stocks fall before US midterm elections

JOHANNESBURG: South Africa's rand fell on Tuesday and stocks snapped a four-session winning streak, with markets fav

Published 06 Nov, 2018 05:14pm

Financial

South African rand under pressure before U.S. midterm elections

JOHANNESBURG: South Africa's rand weakened in early trade on Tuesday, in line with falls in stocks amid subdued investor

Published 06 Nov, 2018 08:00am

Financial

South African rand firms, stocks up as risk sentiment improves

JOHANNESBURG: South Africa's rand firmed in late afternoon trade on Monday, recovering from losses earlier in the se

Published 05 Nov, 2018 04:57pm

Financial

South Africa's rand firmer on improved risk appetite, Naspers gains

JOHANNESBURG: South Africa's rand firmed on Thursday, recovering from a three-week low hit in the previous session,

Published 01 Nov, 2018 05:00pm

Financial

South Africa's rand eases further on budget worries, stocks bounce

JOHANNESBURG: The South African rand weakened further on Thursday, as investors were rattled by bleak medium-term budget

Published 25 Oct, 2018 08:53pm

Financial

South Africa's rand, bonds slump after budget disappoints

JOHANNESBURG: South Africa's rand weakened more than 1 percent on Wednesday after new Finance Minister Tito Mboweni

Published 24 Oct, 2018 03:15pm

Financial

South Africa's rand, stocks swept up in EM rally

JOHANNESBURG: South Africa's rand and shares firmed on Monday as emerging markets were boosted by hopes of more econ

Published 22 Oct, 2018 04:41pm

Financial

South Africa's rand firms; Clover shines in flat stock market

JOHANNESBURG: South Africa's rand firmed on Friday, tracking a broad rally in emerging markets, as investors awaited the

Published 19 Oct, 2018 04:16pm

Financial

South African rand follows Asian currencies firmer

JOHANNESBURG: South Africa's rand firmed in early trade on Friday, in line with most emerging Asian currencies as Beijin

Published 19 Oct, 2018 02:26pm

Financial

Kenyan shilling steady, remittances match importer dollar demand

NAIROBI: The Kenyan shilling was stable against the dollar on Friday and was expected to trade in a narrow range due to

Published 19 Oct, 2018 11:12am

Financial

Uganda shilling unchanged; dollar demand slow

KAMPALA: The Uganda shilling was stable on Friday in quiet trade, with traders looking to square positions as they prepa

Published 19 Oct, 2018 10:49am

Financial

AFRICA-FX-Kenyan and Tanzanian shillings to hold steady, Ghana's cedi to strengthen

NAIROBI: The Kenyan and Tanzanian shillings are expected to hold steady in the next week to Thursday, while Ghana's cedi

Published 18 Oct, 2018 02:48pm

Financial

South Africa's rand retreats due to hawkish Fed, mining data ahead

JOHANNESBURG: South Africa's rand retreated early on Thursday after minutes from the US Federal Reserve's September meet

Published 18 Oct, 2018 12:07pm

Financial

Kenyan shilling slightly firmer on remmittances, thin dollar demand

NAIROBI: The Kenyan shilling was slightly firmer against the dollar on Thursday, helped by inflows from remittances and

Published 18 Oct, 2018 11:14am

Financial

South Africa's rand firmer on risk sentiment rally, stocks falter

JOHANNESBURG: South Africa's rand firmed on Wednesday as a jump in domestic retail sales and a global return of risk

Published 17 Oct, 2018 10:45pm

Financial

Ugandan shilling unchanged, commodity flows offer support

KAMPALA: The Ugandan shilling was stable on Wednesday, helped by some inflows from commodity exporters and weak demand f

Published 17 Oct, 2018 11:32am

Financial

Kenyan shilling stable against dollar amid thin demand

NAIROBI: The Kenyan shilling was stable on Wednesday due to thin importer demand and some banks cutting long dollar posi

Published 17 Oct, 2018 11:28am

Financial

South Africa's rand firms as investors chase riskier assets, stocks up

JOHANNESBURG: South Africa's rand firmed against a softer dollar on Tuesday, its strongest since the start of the mo

Published 16 Oct, 2018 09:21pm

Financial

South African rand rallies on Moody's, stocks track Asia lower

JOHANNESBURG: A decision by Moody's to delay its review on South Africa's sovereign debt buoyed the rand to its stro

Published 15 Oct, 2018 07:59pm

Financial

Uganda shilling a notch firmer ahead of mid-month payments

KAMPALA: The Ugandan shilling was a notch stronger on Monday due to subdued demand for dollars, as firms reserved some o

Published 15 Oct, 2018 11:12am

Financial

South African rand firms, stocks dip 2 percent tracking Asia

JOHANNESBURG: South Africa's rand firmed against the dollar on Monday while stocks fell, tracking weaker Asian stocks am

Published 15 Oct, 2018 11:11am

Financial

Saudi riyal at weakest since June 2017 in spot market

DUBAI: Saudi Arabia's riyal was quoted at 3.7514 to the U.S. dollar in the spot market early on Monday, its weakest rate

Published 15 Oct, 2018 06:42am

Financial

Ugandan shilling stable amid inflows, sag in demand

KAMPALA: The Ugandan shilling traded stable on Friday, helped by inflows from exporters of commodities like coffee, and

Published 12 Oct, 2018 12:57pm

Financial

Tunisia gets 76mn euro from African Development Bank

TUNIS: The board of the African Development Bank (AfDB) has approved a loan worth 75 million euros and a donation of one

Published 12 Oct, 2018 12:37pm

Financial

S. Africa rand buoyed by US inflation miss, stocks fall to 15-month low

JOHANNESBURG: South Africa's currency firmed on Thursday, trading back at a one-week best as weak inflation numbers

Published 11 Oct, 2018 08:26pm

Financial

WEEKAHEAD-AFRICA-FX-Zambia, Uganda currencies seen falling, Ghana's firm

LUSAKA: The Zambian and Ugandan currencies are expected to come under pressure in the coming week while that of Ghana is

Published 11 Oct, 2018 01:56pm

Financial

South African rand gains ground against softer dollar

JOHANNESBURG: The South African rand firmed against the dollar on Thursday after the greenback was jolted by the worst f

Published 11 Oct, 2018 12:25pm

Financial

Kenyan shilling stable amid excess liquidity in money markets

NAIROBI: The Kenyan shilling was stable against the dollar on Thursday supported by diaspora remittances but was seen un

Published 11 Oct, 2018 10:44am

Financial

South Africa's rand weakens, stocks hit three-month low

JOHANNESBURG: South Africa's rand weakened on Wednesday, giving back gains it made following Tito Mboweni's appointm

Published 10 Oct, 2018 08:04pm

Financial

South African rand steady in early trade

JOHANNESBURG: The South African rand was steady early on Wednesday, after strengthening the previous day on news that Pr

Published 10 Oct, 2018 11:32am

Financial

South Africa's rand, banking stocks rally as Mboweni named finance minister

JOHANNESBURG: South Africa's rand climbed to a session best on Tuesday after President Cyril Ramaphosa appointed for

Published 09 Oct, 2018 07:46pm

Financial

Kenyan shilling trading in narrow range against dollar

NAIROBI: The Kenyan shilling was stable and expected to trade in a narrow range against the dollar on Tuesday due to inf

Published 09 Oct, 2018 09:17am

Financial

South Africa's rand slides over fin min crisis, stocks hit 6-month lows

JOHANNESBURG: South Africa's rand weakened more than one percent on Monday over a newspaper report that Finance Mini

Published 08 Oct, 2018 08:37pm

Financial

Kenyan shilling stable against the dollar

NAIROBI: The Kenyan shilling was stable against the dollar on Monday with inflows from horticulture exports matching lig

Published 08 Oct, 2018 09:14am

Financial

South Africa's rand firms as dollar rally pauses, stocks down

JOHANNESBURG: South Africa's rand firmed against the dollar early on Friday as the dollar's rally paused, with investors

Published 05 Oct, 2018 01:28pm

Financial

Uganda shilling little-changed, seen stable as banks trim positions

KAMPALA: The Ugandan shilling was little-changed on Friday but was expected to remain broadly stable as some banks trim

Published 05 Oct, 2018 12:09pm

Financial

South Africa's rand on the ropes, stocks weaker

JOHANNESBURG: South African assets weakened on Thursday as a rally in U.S. bond yields overshadowed President Cyril

Published 04 Oct, 2018 08:33pm

Financial

AFRICA-FX-Ghana's cedi to hold ground while Zambia's Kwacha could strengthen

ACCRA: Ghana's cedi and Zambia's kwacha are seen holding their ground or moving toward the stronger side over the next w

Published 04 Oct, 2018 03:14pm

Financial

Ugandan shilling stronger, draws support from central bank rate decision

KAMPALA: The Ugandan shilling strengthened on Thursday, underpinned by higher confidence in the local currency after the

Published 04 Oct, 2018 01:21pm

Financial

Kenyan shilling stable as remittance flows offer support

NAIROBI: The Kenyan shilling was steady against the dollar on Thursday due to inflows from Diaspora remittances weighing

Published 04 Oct, 2018 01:15pm

Financial

South Africa's rand flat as dollar gains, stocks fall

JOHANNESBURG: South Africa's rand was flat in afternoon trade on Wednesday, giving up earlier gains as a solid U.S.

Published 03 Oct, 2018 08:06pm

Financial

Kenyan shilling holds steady on tourism, horticulture inflows

NAIROBI: The Kenyan shilling held steady against the dollar on Wednesday due to inflows from tourism and horticulture ex

Published 03 Oct, 2018 01:20pm

Financial

Ugandan shilling posts sharp gains after rate cut

KAMPALA: The Ugandan shilling posted sharp gains on Wednesday after the central bank made a surprise hike of its key pol

Published 03 Oct, 2018 01:11pm

Financial

South Africa's rand recovers as emerging market slump eases

JOHANNESBURG: South Africa's rand firmed early on Wednesday against a softer dollar, in line with a rise in local bonds

Published 03 Oct, 2018 11:31am

Financial

South Africa's rand hit by euro wobble, stocks slip

JOHANNESBURG: South Africa's rand retreated again on Tuesday as turmoil in Italy sparked off a selloff on the euro t

Published 02 Oct, 2018 08:58pm

Financial

Saudi Arabia deposits $200mn to shore up Yemen riyal

RIYADH: Saudi Arabia is to deposit $200 million in the Yemeni central bank to help stem a slide in the value of the riya

Published 02 Oct, 2018 01:22pm

Financial

South Africa's rand remains under pressure

JOHANNESBURG: South Africa's rand retreated early on Tuesday, and local bonds fell amid subdued risk appetite. The ra

Published 02 Oct, 2018 01:20pm

Financial

South African rand dips as dollar dominates, stocks inch up

JOHANNESBURG: South Africa's rand weakened on Monday as a recent rally gave way to a resurgent dollar boosted by cli

Published 01 Oct, 2018 08:29pm

Financial

Kenyan shilling steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Monday due to thin demand from oil importers and tighteni

Published 01 Oct, 2018 10:16am

Financial

South Africa's rand rallies post-Fed, stocks fall over 1 percent

JOHANNESBURG: South Africa's rand firmed on Thursday, brushing off a rate increase by the U.S. Federal Reserve, with

Published 27 Sep, 2018 08:22pm

Financial

Kenyan shilling steady, expected to trade in narrow range

NAIROBI: The Kenyan shilling held steady against the dollar on Thursday and was expected to trade in a tight range amid

Published 27 Sep, 2018 02:59pm

Financial

WEEKAHEAD-AFRICA-FX-Zambian Kwacha seen gaining, other African currencies mostly stable

LUSAKA: The Zambian currency is expected to recover slightly next week after hitting its lowest level since November 201

Published 27 Sep, 2018 02:19pm

Financial

South African rand weakens on subdued investor risk sentiment

JOHANNESBURG: South Africa's rand retreated early on Wednesday before the US Federal Reserve's monetary policy announcem

Published 26 Sep, 2018 01:52pm

Financial

Kenyan shilling steady a day after central bank holds lending rate

NAIROBI: The Kenyan shilling was steady against the dollar on Wednesday after the central bank's decision to hold its po

Published 26 Sep, 2018 11:55am

Financial

Kenyan shilling eases due to importer dollar demand

NAIROBI: The Kenyan shilling was under pressure due to importer dollar demand on Monday as market players assess how rec

Published 24 Sep, 2018 01:36pm

Financial

South African rand firms on rate hold, dollar weakness; stocks up

JOHANNESBURG: South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank

Published 20 Sep, 2018 07:52pm

Financial

South Africa's rand firms on positive consumer inflation data

JOHANNESBURG: South Africa's rand gained more than 1 percent on Wednesday after better than expected inflation data

Published 19 Sep, 2018 04:50pm

Financial

South Africa's rand gains as dollar falters, stocks flat

JOHANNESBURG: South Africa's rand gained on Tuesday as broad dollar weakness supported investor appetite for riskier

Published 18 Sep, 2018 04:05pm

Financial

South Africa's rand firms on dollar tariff slip, stocks down

JOHANNESBURG: South Africa's rand firmed on Monday, as a dollar rally fuelled by signs of higher lending rates in th

Published 17 Sep, 2018 04:47pm

Financial

South African rand enjoys strong week as Moody's turns more upbeat

JOHANNESBURG: The rand was on course for gains of more than 2 percent against the dollar this week, despite some profit-

Published 14 Sep, 2018 08:32pm

Financial

South Africa's rand shines after Turkish rate hike, Moody's comments

JOHANNESBURG: South Africa's rand raced to its highest in more than a week on Thursday, erasing all of the losses suffer

Published 13 Sep, 2018 08:15pm

Financial

South Africa's rand firmer on positive retail data; stocks fall

JOHANNESBURG: South Africa's rand firmed in late afternoon deals on Wednesday as stronger retail sales data dimmed t

Published 12 Sep, 2018 04:26pm

Financial

Ecuador to auction 8 oil blocks as government seeks to encourage investment

QUITO: Ecuador on Tuesday announced it would auction eight oil blocks in the Amazonian province of Sucumbios, the second

Published 11 Sep, 2018 09:27pm

Financial

Manufacturing data lifts South Africa rand, stocks track metal prices lower

JOHANNESBURG: South Africa's rand firmed on Tuesday as emerging market currencies broadly staged a rally against the dol

Published 11 Sep, 2018 04:06pm

Financial

South Africa's rand recovering, stocks falter on local economic pressure

JOHANNESBURG: South Africa's rand stretched its recovery to a third straight session on Monday, climbing further off

Published 10 Sep, 2018 03:49pm

Financial

South Africa's rand firms as risk sentiment revives, stocks down

JOHANNESBURG: The rand firmed on Friday as data showed South Africa's current account deficit narrowed, boosting investo

Published 07 Sep, 2018 08:50pm

Financial

Rand firms after South African current account narrows sharply

JOHANNESBURG: The South African rand firmed on Thursday after data showed the country's current account deficit was narr

Published 06 Sep, 2018 07:26pm

Financial

South African rand tumbles as recession shock spurs sell-off

JOHANNESBURG: South Africa's rand slumped as much as 2 percent on Wednesday and government bonds sold off, as the ec

Published 05 Sep, 2018 01:26pm

Financial

South African rand plunges on recession shock, stocks falter

JOHANNESBURG: South Africa's rand fell as much as three percent on Tuesday as the economy slipped into a technical r

Published 04 Sep, 2018 04:45pm

Financial

South Africa's rand weaker on EM sell-off, stocks flat

JOHANNESBURG: South Africa's rand was more than one percent lower on Monday as global emerging markets remained on t

Published 03 Sep, 2018 04:43pm

Financial

Ugandan shilling unchanged amid low appetite from banks, importers

KAMPALA: Ugandan shilling was unchanged on Friday amid subdued appetite from both players in the interbank and big impor

Published 31 Aug, 2018 08:01pm

Financial

South Africa's rand steadies after emerging market rout, stocks fall

JOHANNESBURG: South Africa's rand held steady against the dollar on Friday as traders consolidated positions after the u

Published 31 Aug, 2018 07:16pm

Financial

South Africa's rand hits one-week low on EM woes; stocks dip on MTN

JOHANNESBURG: South Africa's rand tumbled to its weakest in more than a week on Thursday as financial crises in Turk

Published 30 Aug, 2018 04:00pm

Financial

South Africa's rand hits one-week low on EM selloff; stocks dip on MTN

JOHANNESBURG: South Africa's rand tumbled to its weakest in more than a week on Thursday as financial crises in Turk

Published 30 Aug, 2018 01:29pm

Financial

South Africa's rand slides as risk sentiment wavers, stocks rise

JOHANNESBURG: South Africa's rand retreated more than one percent on Wednesday as global risk demand fell off with conce

Published 29 Aug, 2018 08:39pm

Financial

South Africa's rand steadies after volatile trade; stocks rise

JOHANNESBURG: South Africa's rand held steady against a weaker dollar on Tuesday as investor optimism that a U.S.-Me

Published 28 Aug, 2018 04:50pm

Financial

South Africa's rand firmer on dollar retreat; stocks up

JOHANNESBURG: South Africa's rand rand firmed by one percent against to the dollar after the greenback weakened for a se

Published 27 Aug, 2018 08:57pm

Financial

South Africa's rand firms as dollar hit by Trump Fed comments

JOHANNESBURG: South Africa's rand firmed on Tuesday as the dollar weakened after U.S. President Donald Trump critici

Published 21 Aug, 2018 04:23pm

Financial

South African rand surrenders gains as economy concerns weigh

JOHANNESBURG: South Africa's rand surrendered its earlier gains in late trade on Thursday due to lingering concerns

Published 16 Aug, 2018 04:21pm

Financial

South Africa's rand hits 2-year low, bonds tumble as Turkey rout spreads

JOHANNESBURG: South Africa's rand plunged to a 2-year low against the dollar in early trade on Monday and government bon

Published 13 Aug, 2018 12:20pm

Financial

Kenyan shilling stable, expected to gain due to tight liquidity

NAIROBI: The Kenyan shilling was steady on Monday and was expected to gain ground against the dollar, supported by inflo

Published 13 Aug, 2018 12:04pm

Financial

AFRICA-FX-Kenyan shilling to firm, Ghana cedi to hold stable

NAIROBI: Kenya's shilling is expected to gain ground against the dollar in the week to next Thursday, while Zambia's kwa

Published 09 Aug, 2018 01:28pm

Financial

South Africa's rand retreats in global risk-off, stocks fall

JOHANNESBURG: South Africa's rand weakened on Monday as emerging markets were knocked by a retreat in risk demand, w

Published 06 Aug, 2018 08:56pm

Financial

South Africa's rand softer, headwinds seen capping any rally

JOHANNESBURG: South Africa's rand was softer in early trade on Monday, with a range of headwinds seen keeping the curren

Published 06 Aug, 2018 12:30pm

Financial

Kenyan shilling firm on tight liquidity in money markets

NAIROBI: The Kenyan shilling was firm against the dollar on Monday due to thin demand from importers and tightening liqu

Published 06 Aug, 2018 11:27am

Financial

Ugandan shilling stable as importer demand remains subdued

KAMPALA: The Ugandan shilling traded steady on Monday as appetite for hard currency from merchandise importers remained

Published 06 Aug, 2018 10:54am

Financial

Uganda shilling a touch weaker as demand by banks weighs

KAMPALA: The Uganda shilling was slightly weaker on Friday, undercut by some demand from mainly players in the interbank

Published 03 Aug, 2018 12:28pm

Financial

Kenyan shilling flat amid thin appetite by banks

NAIROBI: The Kenyan shilling was relatively flat against the dollar on Friday amid tepid demand for hard currency by pla

Published 03 Aug, 2018 12:26pm

Financial

Kenyan shilling unchanged amid flows from remittances, coffee exports

NAIROBI: The Kenyan shilling held steady against the dollar on Wednesday, helped by hard currency inflows from remittanc

Published 01 Aug, 2018 12:47pm

Financial

South Africa's rand firms as trade surplus jumps, stocks up

JOHANNESBURG: South Africa's rand raced to a seven-week high against the dollar on Tuesday bolstered by data showing

Published 31 Jul, 2018 09:15pm

Financial

South African rand falls after China manufacturing growth slows

JOHANNESBURG: South Africa's weakened on Tuesday, along with most emerging- market currencies, as slowing growth in Chin

Published 31 Jul, 2018 12:48pm

Financial

Iran's currency crisis triggers corruption crackdown

TEHRAN: With its currency plummeting ahead of the reimposition of US sanctions, Iran has responded with dozens of arrest

Published 31 Jul, 2018 12:31pm

Financial

Kenyan shilling firm against dollar on tight liquidity

NAIROBI: The Kenyan shilling was firm against the dollar on Tuesday due to tightening liquidity in the local money marke

Published 31 Jul, 2018 12:17pm

Financial

Ugandan shilling unchanged amid slow dollar demand

KAMPALA: The Ugandan shilling was unchanged on Monday amid a slump in appetite for dollars from both commercial banks an

Published 30 Jul, 2018 11:46am

Financial

South Africa's rand firms on $14.7 billion China investment

JOHANNESBURG: South Africa's rand firmed more than one percent on Tuesday to a three-day best after President Cyril Rama

Published 24 Jul, 2018 12:21pm

Financial

South African rand recovers from hawkish cenbank comments, stocks rise

JOHANNESBURG: South Africa's rand rose more than 1 percent on Friday as short sellers bought back into the currency

Published 20 Jul, 2018 08:37pm

Financial

South Africa's rand retreats ahead of lending rates decision

JOHANNESBURG: South Africa's rand opened weaker on Thursday, stepping back from a recent rally as traders cleared po

Published 19 Jul, 2018 01:14pm

Financial

South African rand dips on dollar resurgence, stocks rise

JOHANNESBURG: South Africa's rand was slightly weaker on Wednesday despite better-than-anticipated inflation and ret

Published 18 Jul, 2018 04:20pm

Financial

South Africa's rand retreats as bears await crucial events

JOHANNESBURG: South Africa's rand weakened on Tuesday, giving way to a recovering dollar and the return of bearish p

Published 17 Jul, 2018 03:47pm

Financial

South Africa's rand weakens as trade war sours risk demand

JOHANNESBURG: South Africa's rand retreated more than one percent on Wednesday as an escalation in the trade war bet

Published 11 Jul, 2018 01:13pm

Financial

South Africa's rand holds on to gains, Naspers drags bourse lower

JOHANNESBURG: South Africa's rand extended gains on Tuesday from the last three sessions as a lull in global trade w

Published 10 Jul, 2018 05:18pm

Financial

S.Africa's rand hits 3-week peak, stocks led higher by commodities

JOHANNESBURG: South Africa's rand powered to its firmest in three weeks on Monday as risk demand globally was soothed by

Published 09 Jul, 2018 08:20pm

Financial

South African rand eases amid global trade worries

JOHANNESBURG: South Africa's rand weakened on Wednesday, giving up earlier gains despite the dollar treading water, amid

Published 04 Jul, 2018 07:27pm

Financial

Nigeria woos importers to trade Chinese yuan

LAGOS: Nigeria's central bank is wooing local businesses importing goods from China to use the yuan instead of the US do

Published 04 Jul, 2018 06:44pm

Financial

South Africa's rand firms on weaker dollar

JOHANNESBURG: South Africa's rand firmed on Tuesday, helped by a weaker dollar as investors awaited minutes of the US Fe

Published 03 Jul, 2018 08:46pm

Financial

South Africa's rand firms on weaker dollar

JOHANNESBURG: South Africa's rand firmed on Tuesday, helped by a weaker dollar as investors awaited minutes of the U

Published 03 Jul, 2018 04:06pm

Financial

South Africa's rand falls amid global trade disputes; stocks down

JOHANNESBURG: South Africa's rand weakened on Monday after the dollar rose as investors ramped up bets that escalati

Published 02 Jul, 2018 04:48pm

Financial

S.Africa's rand steadies after slip to new low, stocks led higher by banks

JOHANNESBURG: South Africa's rand steadied on Thursday after sliding to a new seven-month low against the dollar on

Published 28 Jun, 2018 05:30pm

Financial

Kenyan shilling under pressure, tight liquidity helping

NAIROBI: The Kenyan shilling weakened against the dollar on Thursday due to end month demand from oil importers and

Published 28 Jun, 2018 02:33pm

Financial

Ugandan shilling stable as central bank intervention soaks up demand

KAMPALA: The Ugandan shilling was stable on Thursday, drawing support from the central bank's sell-off of hard curre

Published 28 Jun, 2018 02:06pm

Financial

South Africa's rand weakens as dollar rises, stocks recover

JOHANNESBURG: South Africa's rand fell against the dollar on Wednesday as the greenback rose broadly after trade-rel

Published 27 Jun, 2018 04:18pm

Financial

South Africa's rand, stocks weaker as US-China trade war fears weigh

JOHANNESBURG: South Africa's rand retreated by more than one percent on Monday, while shares also wilted over resurf

Published 25 Jun, 2018 04:14pm

Financial

South African rand, bonds tumble to 5-month low in panic sell

JOHANNESBURG: South Africa's rand sunk to its weakest level in more than five months on Thursday as sentiment toward the

Published 07 Jun, 2018 02:40pm

Financial

Ugandan shilling to weaken as central bank stays out of market; others steady

KAMPALA: Uganda's shilling is forecast to weaken on expected demand from commercial banks and importers, fuelled by the

Published 07 Jun, 2018 02:37pm

Financial

South Africa's rand recovers, Naspers leads bourse higher

JOHANNESBURG: South Africa's rand was firmer on Wednesday, shaking off the shock of economic growth contraction as some

Published 06 Jun, 2018 04:17pm

Financial

Kenyan shilling appreciates against the dollar

NAIROBI: The Kenyan shilling gained against the dollar on Tuesday supported by inflows from offshore investors and a few

Published 05 Jun, 2018 03:00pm

Financial

Ugandan shilling stable, to ease due to demand from banks, importers

KAMPALA: The Ugandan shilling was little-changed on Monday, but traders said they were watching for a new psychological

Published 04 Jun, 2018 01:40pm

Financial

South Africa's rand rises after S&P leaves ratings unchanged

JOHANNESBURG: South Africa's rand sustained gains on Monday after Friday's affirmation by S&P Global Ratings of the

Published 28 May, 2018 04:03pm

Financial

South African rand dips ahead of credit rating reviews

JOHANNESBURG: South Africa's rand weakened in cautious trade early on Friday as investors took profits from a rally in t

Published 25 May, 2018 01:02pm

Financial

Kenyan shilling expected to weaken due to demand from companies

NAIROBI: The Kenyan shilling was expected to weaken gradually against the dollar on Friday due to increased demand from

Published 25 May, 2018 12:58pm

Financial

South Africa's rand slips in EM squeeze ahead of local rates decision

JOHANNESBURG: South Africa's rand weakened early on Thursday, pressured by an expected hawkish tone at the local central

Published 24 May, 2018 01:15pm

Financial

Ugandan shilling unchanged, vulnerable due to demand from importers

KAMPALA: The Ugandan shilling traded unchanged on Thursday but remained biased toward depreciation on the back of health

Published 24 May, 2018 12:34pm

Financial

South Africa's rand firmer as dollar bulls take a breath

JOHANNESBURG: South Africa's rand was firmer on Tuesday, swinging back from a five-month low as investors pocketed profi

Published 22 May, 2018 03:25pm

Financial

Ugandan shilling unchanged, weakened by fuel importer demand

KAMPALA: The Ugandan shilling was stable on Tuesday but traders said it was inclined on the weaker side as demand from f

Published 22 May, 2018 03:13pm

Financial

Kenyan shilling weakens on increased importer demand

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday as a result of increased demand from oil importers w

Published 22 May, 2018 03:07pm

Financial

South African rand falls to new 5-month low vs dollar

JOHANNESBURG: South Africa's rand tumbled to a new five-month low against the dollar early on Monday as the greenback ro

Published 21 May, 2018 03:12pm

Financial

Kenyan shilling gains against dollar due to increased remittances

NAIROBI: The Kenyan shilling gained against the dollar on Monday due to increased diaspora remittances associated with R

Published 21 May, 2018 03:05pm

Financial

South Africa's rand surrenders brief gains to resurgent dollar

JOHANNESBURG: South Africa's rand weakened early on Thursday, giving up the previous session's gains as investors short

Published 17 May, 2018 01:38pm

Financial

South African rand falls as rising US bond yields lift dollar

JOHANNESBURG: South Africa's rand fell more than two percent against the dollar on Tuesday, hurt by a greenback which dr

Published 15 May, 2018 03:57pm

Financial

Kenyan shilling expected to ease on high liquidity

NAIROBI: The Kenyan shilling was stable on Monday and traders said it was likely to come under pressure due to ample liq

Published 14 May, 2018 12:10pm

Financial

Iran rial plunges to new low after Trump decides to leave nuclear deal

DUBAI: The Iranian rial plunged to a record low against the US dollar in the free market on Wednesday after US President

Published 09 May, 2018 01:13pm

Financial

Iran rial near record lows as Trump decision on nuclear deal looms

DUBAI: Iran's rial traded near record lows against the dollar in the free market on Tuesday as Iranians tried to buy har

Published 08 May, 2018 03:15pm

Financial

Kenyan shilling unchanged, to get support from remittances

NAIROBI: The Kenyan shilling was unchanged against the dollar on Tuesday and was forecast to gain ground, helped by infl

Published 08 May, 2018 02:37pm

Financial

Kenyan shilling unchanged against the dollar

NAIROBI: The Kenyan shilling traded within the narrow price range of 100.25/35 against the dollar on Friday with dollar

Published 04 May, 2018 01:45pm

Financial

South African rand lifted by Fed signals; stocks slip

JOHANNESBURG: South Africa's rand strengthened on Thursday as the US Federal Reserve avoided a hawkish tone at its lates

Published 03 May, 2018 04:01pm

Financial

Kenyan shilling steady, seen easing on high liquidity

NAIROBI: The Kenyan shilling was steady against the dollar on Thursday but was forecast to ease due to high liquidity in

Published 03 May, 2018 02:42pm

Financial

Uganda shilling stable amid muted appetite from importers

KAMPALA: The Uganda shilling was stable on Thursday on the back of muted appetite from importers and some inflows from n

Published 03 May, 2018 02:18pm

Financial

Kenya's shilling to hold steady, kwacha to ease

NAIROBI: Kenya's shilling is expected to hold steady against the dollar in the next week to Thursday, while Zambia's kwa

Published 03 May, 2018 01:27pm

Financial

Kenyan shilling gains against the dollar

NAIROBI: The Kenyan shilling strengthened marginally against the dollar on Wednesday with thin demand from retail import

Published 02 May, 2018 02:12pm

Financial

Uganda shilling unchanged, inclined on weaker side

KAMPALA: The Uganda shilling was unchanged on Monday, but traders said it was inclined on the weaker side on the back of

Published 30 Apr, 2018 01:32pm

Financial

Kenyan shilling firm ahead of labour day holiday

NAIROBI: The Kenyan shilling was firm against the dollar on Monday amid thin trading activity before money markets close

Published 30 Apr, 2018 12:35pm

Financial

Ugandan shilling stable, expected to ease due to demand from manufacturers

KAMPALA: The Ugandan shilling was slightly changed on Wednesday and was expected to weaken due to strong dollar demand f

Published 25 Apr, 2018 11:32am

Financial

Ugandan shilling unchanged, dollar demand from importers weak

KAMPALA: The Uganda shilling was unchanged on Monday, on the back of weak appetite for hard currency from both commercia

Published 23 Apr, 2018 02:51pm

Financial

Kenyan shilling strengthens to highest level since July 2015

NAIROBI: Kenya's shilling jumped to its highest level since July 2015, helped by inflows from the horticulture sector an

Published 20 Apr, 2018 12:18pm

Financial

South Africa's rand steady in quiet trade, stocks falter

JOHANNESBURG: South Africa's rand traded flat on Thursday, drifting in a narrow band against the dollar as traders held

Published 19 Apr, 2018 04:32pm

Financial

Kenyan shilling steady; to ease due to increased importer demand

NAIROBI: The Kenyan shilling held steady against the dollar on Thursday and was expected to weaken due to increased dema

Published 19 Apr, 2018 03:31pm

Financial

Uganda's shilling holds steady against the dollar

KAMPALA: The Ugandan shilling was stable on Thursday traders said it could come under pressure from expected demand for

Published 19 Apr, 2018 03:01pm

Financial

Demand for dollars likely to weigh on Kenyan shilling

NAIROBI: Demand for dollars by importers looking to lock in favourable rates after the Kenyan shilling's recent gains ar

Published 19 Apr, 2018 02:00pm

Financial

South African rand edges higher against weaker dollar

JOHANNESBURG: South Africa's rand edged higher early on Tuesday against a slightly weaker dollar, building on gains from

Published 17 Apr, 2018 01:27pm

Financial

Ugandan shilling holds steady as demand for dollars falls

KAMPALA: The Ugandan shilling was stable on Tuesday amid lower appetite for hard currency from both commercial banks and

Published 17 Apr, 2018 11:13am

Financial

Kenyan shilling rises to strongest level in nearly two years

NAIROBI: The Kenyan shilling strengthened to its highest level against the dollar since May 2016 on Tuesday, traders sai

Published 17 Apr, 2018 10:55am

Financial

Kenyan shilling strengthens on horticulture inflows

NAIROBI: The Kenyan shilling strengthened against the dollar on Monday due to inflows from horticulture exports amid thi

Published 16 Apr, 2018 01:04pm

Financial

Ugandan shilling stable, to draw support from tax payments

KAMPALA: The Ugandan shilling was stable on Monday and was expected to gain ground as mid-month tax payments by most fir

Published 16 Apr, 2018 12:00pm

Financial

Kenyan shilling stable, draws support from agricultural exporters

NAIROBI: The Kenyan shilling was in a firm position against the dollar on Thursday supported by inflows from exporters i

Published 12 Apr, 2018 03:58pm

Financial

Zambian and Tanzanian currencies seen on back foot, Kenya's firm

LUSAKA: The Zambian and Tanzanian currencies are expected to trade on the back foot against the dollar in the coming wee

Published 12 Apr, 2018 03:10pm

Financial

South Africa's rand slips with fragile economic rebound in focus

JOHANNESBURG: South Africa's rand traded weaker early on Wednesday after disappointing manufacturing figures and comment

Published 11 Apr, 2018 02:06pm

Financial

Ugandan shilling seen vulnerable to losses on high liquidity

KAMPALA: The Ugandan shilling was stable on Wednesday but traders said it was vulnerable to depreciation on the back of

Published 11 Apr, 2018 12:55pm

Financial

Kenyan shilling strengthens against the dollar

NAIROBI: The Kenyan shilling strengthened against the dollar on Wednesday, buoyed by tight liquidity conditions in the m

Published 11 Apr, 2018 12:35pm

Financial

Ugandan shilling steady after central bank holds key rate

KAMPALA: The Ugandan shilling traded in a stable position on Monday as the central Bank of Uganda maintained its benchma

Published 09 Apr, 2018 03:12pm

Financial

Kenyan shilling firm, to gain due to tight liquidity

NAIROBI: The Kenyan shilling was stable on Monday, and was expected to gain ground, helped by tight liquidity in the mon

Published 09 Apr, 2018 12:24pm

Financial

South Africa rand firmer as buying on recent dip aids recovery

JOHANNESBURG: South Africa's currency firmed to back below the crucial 12 rand per dollar mark on Monday, with some trad

Published 09 Apr, 2018 11:58am

Financial

South African rand to hold most gains since start of 2018

JOHANNESBURG: South Africa's rand is expected to hold onto most of this year's gains against the dollar, supported by im

Published 06 Apr, 2018 02:48pm

Financial

South African rand weakens on resurgent trade war fears

JOHANNESBURG: South Africa's rand weakened early on Friday on resurgent trade war fears after US President Donald Trump

Published 06 Apr, 2018 11:22am

Financial

Kenyan shilling, Zambia's kwacha to firm, Nigeria's naira to hold steady

NAIROBI: Kenya's shilling and the Zambian kwacha are expected to firm on the back of increased demand for local currency

Published 05 Apr, 2018 04:05pm

Financial

South African rand eases as risk appetite ebbs

JOHANNESBURG: South Africa's rand weakened against the dollar early on Thursday, reflecting a cautious mood in emerging

Published 05 Apr, 2018 01:10pm

Financial

Tight liquidity supports Kenyan shilling

NAIROBI: The Kenyan shilling was stable on Wednesday, with tight liquidity in the market making it slightly more expensi

Published 04 Apr, 2018 12:41pm

Financial

South Africa's rand inches ahead against vulnerable dollar

JOHANNESBURG: South Africa's rand opened firmer on Tuesday as the greenback dipped slightly with some traders opting for

Published 03 Apr, 2018 12:40pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling was stable on Tuesday as portfolio investment dollar flows balanced out demand from importe

Published 03 Apr, 2018 11:53am

Financial

Uganda shilling stable as wave of demand recedes

KAMPALA: The Ugandan shilling was stable on Tuesday, after a recent swell in demand for hard currency from firms paying

Published 03 Apr, 2018 11:46am

Financial

South African rand steadies ahead of slew of economic data

JOHANNESBURG: The South African rand steadied against the dollar early on Thursday, after suffering losses the previous

Published 29 Mar, 2018 01:54pm

Financial

Kenyan shilling under pressure ahead of easter weekend

NAIROBI: The Kenyan shilling weakened slightly against the dollar on Thursday, as oil importers and multinational compan

Published 29 Mar, 2018 01:18pm

Financial

Ugandan shilling weakens as offshore demand surges

KAMPALA: The Ugandan shilling weakened on Thursday, undercut by a surge in demand for hard currency by offshore investor

Published 29 Mar, 2018 12:08pm

Financial

Kenya shilling gains slightly on offshore inflows

NAIROBI: The Kenyan shilling gained slightly against the dollar on Wednesday supported by inflows from offshore investor

Published 28 Mar, 2018 10:36am

Financial

South African rand at one-month peak after Moody's rating reprieve

JOHANNESBURG: South Africa's rand raced to a one-month high against the dollar on Monday as investors cheered ratings ag

Published 26 Mar, 2018 12:15pm

Financial

South African rand shines on bets of Moody's reprieve, stocks falter

JOHANNESBURG: South Africa's rand swept aside recent losses and rallied more than one percent to near its firmest in thr

Published 23 Mar, 2018 02:53pm

Financial

Ugandan shilling edges down due to demand for dollars

KAMPALA: The Ugandan shilling inched down on Thursday, undercut by strong demand for dollars from firms in the manufact

Updated 22 Mar, 2018 01:44pm

Financial

Foreign investors help lift Kenyan shilling to near five-week high

NAIROBI: Kenya's shilling rose to its highest in nearly five weeks on Thursday, helped by dollar inflows from investors

Updated 22 Mar, 2018 01:25pm

Financial

South African rand weaker, Moody's rating decision awaited

JOHANNESBURG: South Africa's rand weakened against the dollar early on Monday as caution gripped investors ahead of a Mo

Published 19 Mar, 2018 12:12pm

Financial

Kenyan shilling firm ahead of central bank rates decision

NAIROBI: The Kenyan shilling was steady against the dollar on Monday ahead of a central bank decision on lending rates l

Published 19 Mar, 2018 11:34am

Financial

Ugandan shilling holds steady, tax payments curb demand

KAMPALA: The Uganda shilling was stable as firms held off the purchase of dollars in order to pay their local taxes whic

Published 16 Mar, 2018 12:00pm

Financial

WEEKAHEAD-AFRICA-FX-Ghana's cedi seen firm, most currencies on back foot

ACCRA: Ghana's currency is likely to firm next week as most other African currencies come under pressure. GHANA Gh

Published 15 Mar, 2018 01:20pm

Financial

Ugandan shilling stable; to firm due to dollar flows from coffee

KAMPALA: The Ugandan shilling was stable on Thursday and was projected to strengthen on the back of dollar inflows from

Published 15 Mar, 2018 12:23pm

Financial

South African rand firms as dollar wobbles, stocks edge lower

JOHANNESBURG: South Africa's rand rose on Tuesday as the dollar fell after US President Donald Trump fired Secretary of

Published 13 Mar, 2018 04:12pm

Financial

Ugandan shilling firm, draws support from agricultural inflows

KAMPALA: The Ugandan shilling was firm on Tuesday, on the back of hard currency inflows from the tourism sector and from

Published 13 Mar, 2018 01:41pm

Financial

South Africa's rand edges firmer ahead of manufacturing data

JOHANNESBURG: South Africa's rand edged firmer on Tuesday, continuing to eke out gains in subdued trade as optimism over

Published 13 Mar, 2018 10:18am

Financial

Kenyan shilling stable, expected to weaken due to oil importer demand

NAIROBI: Kenya's shilling was steady on Tuesday and traders said it was forecast to weaken due to increased dollar deman

Published 13 Mar, 2018 09:23am

Financial

Ugandan shilling unchanged, pending taxes crimp dollar demand

KAMPALA: The Ugandan shilling was unchanged on Monday helped by low dollar demand due to companies preparing to pay tax

Published 12 Mar, 2018 12:41pm

Financial

South Africa's rand flat ahead of economic growth numbers

JOHANNESBURG: South Africa's rand was largely unchanged on Tuesday ahead of domestic growth figures set to show the econ

Published 06 Mar, 2018 12:37pm

Financial

Kenyan shilling unchanged against the dollar

NAIROBI: The Kenyan shilling was unchanged against the dollar on Tuesday due to low demand, traders said. At 0818 GMT

Published 06 Mar, 2018 12:07pm

Financial

Uganda shilling edges down on higher demand for dollars

KAMPALA: The Ugandan shilling weakened on Tuesday, undermined by a rebound in demand for hard currency from manufacturin

Published 06 Mar, 2018 11:57am

Financial

Kenyan shilling stable against the dollar

NAIROBI: The Kenyan was stable against the dollar on Monday due to low demand from oil importers and was seen trading in

Published 05 Mar, 2018 02:57pm

Financial

Ugandan shilling stable as demand from banks, importers wanes

KAMPALA: The Ugandan shilling was unchanged on Monday, drawing support from a lack of demand for hard currency both in t

Published 05 Mar, 2018 02:11pm

Financial

Sri Lankan rupee ends firmer as exporters sell dollar

COLOMBO: The Sri Lankan rupee ended firmer on Monday as dollar selling by exporters and banks outpaced demand for the gr

Published 05 Mar, 2018 02:10pm

Financial

South Africa's rand recovers slightly as Trump's tariff hurts dollar

JOHANNESBURG: South Africa's rand opened weaker against the dollar on Friday, but had regained some ground lost in the p

Published 02 Mar, 2018 11:57am

Financial

Kenyan shilling strengthens on the back on horticulture inflows

NAIROBI: The Kenyan shilling strengthened against the dollar on Friday supported by thin demand amid inflows from hortic

Published 02 Mar, 2018 11:13am

Financial

Ugandan unchanged, charity conversions offer support

KAMPALA: The Ugandan shilling was unchanged on Friday, partly drawing support from sagging demand and typical month-end

Published 02 Mar, 2018 10:59am

Financial

Ugandan shilling stable, expected to firm due low importer demand

KAMPALA: The Ugandan shilling was steady on Thursday and was expected to firm due to low importer demand for dollars, tr

Published 01 Mar, 2018 10:19am

Financial

Kenyan shilling strengthens to 7 day high against the dollar

NAIROBI: The Kenyan shilling strengthened to its highest in a week on Wednesday, reversing its recent losses due to weak

Published 28 Feb, 2018 12:55pm

Financial

Ugandan shilling unchanged, draws support from charity flows

KAMPALA: The Ugandan shilling traded in the same position on Wednesday, as healthy inflows from non-government organisat

Published 28 Feb, 2018 11:35am

Financial

South Africa's rand falls 1 percent on profit-taking after cabinet bounce

JOHANNESBURG: South Africa's rand weakened as much as one percent on Tuesday after investors took profits from a recent

Published 27 Feb, 2018 02:26pm

Financial

Kenyan shilling stable, volatility seen from end-month demand

NAIROBI: The Kenyan shilling was stable against the dollar on Monday amid market expectations of possible volatility fro

Published 26 Feb, 2018 12:28pm

Financial

South African rand slightly weaker ahead of budget speech

JOHANNESBURG: South Africa's rand was a touch weaker in early deals on Wednesday as traders refrained from making any la

Published 21 Feb, 2018 12:59pm

Financial

Kenyan shilling firm, supported by remittances and trading

NAIROBI: The Kenyan shilling was firm against the dollar on Tuesday supported by inflows from remittances and offshore i

Published 21 Feb, 2018 12:27pm

Financial

Ugandan shilling expected to weaken due to dollar demand from commercial banks

KAMPALA: The Ugandan shilling was little changed on Wednesday but was expected to weaken due to increased dollar demand

Published 21 Feb, 2018 12:09pm

Financial

Kenyan shilling steady, expected to firm due to remittances

NAIROBI: The Kenyan shilling was stable against the dollar on Tuesday but was forecast to strengthen supported by remitt

Published 20 Feb, 2018 01:11pm

Financial

South African rand steady, eyes on budget speech

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Monday, holding near a three-year high t

Published 19 Feb, 2018 02:15pm

Financial

Kenya shilling stable against the dollar

NAIROBI: The Kenyan shilling was stable against the dollar supported by inflows from horticulture exports and easing int

Published 19 Feb, 2018 01:54pm

Financial

Ugandan shilling steady, tax payments squeeze dollar demand

KAMPALA: The Uganda shilling was steady on Monday, underpinned by a slowdown in appetite for dollars after most firms us

Published 19 Feb, 2018 01:37pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Thursday, supported by horticulture export earnings and r

Published 16 Feb, 2018 11:45am

Financial

Kenyan shilling under pressure amid increased dollar demand

NAIROBI: The Kenyan shilling was under pressure against the dollar on Thursday, with low overnight borrowing rates in th

Published 15 Feb, 2018 02:11pm

Financial

Ghana's cedi, Kenya shilling seen firmer; Tanzania shilling to weaken in week ahead

NAIROBI: Ghana's cedi and Kenyan shilling are expected to firm next week on the back of export and investor inflows whil

Published 08 Feb, 2018 02:08pm

Financial

South Africa's rand weaker as Zuma deadlock continues, stocks up

JOHANNESBURG: South Africa's rand weakened on Wednesday in volatile trade as markets awaited the outcome of talks betwee

Published 07 Feb, 2018 04:00pm

Financial

Kenyan shilling stable against the dollar, remittances to help

NAIROBI: The Kenyan shilling was stable against the dollar on Wednesday and was expected to gain ground due to diaspora

Published 07 Feb, 2018 12:57pm

Financial

Kenyan shilling strengthens due to high dollar liquidity

NAIROBI: The Kenyan shilling strengthened against the dollar on Tuesday due to high dollar liquidity in the money market

Published 06 Feb, 2018 02:38pm

Financial

South African rand firms as pressure mounts on Zuma to quit, stocks fall

JOHANNESBURG: South Africa's rand strengthened on Monday amid ongoing talks within the governing party regarding Preside

Published 05 Feb, 2018 05:06pm

Financial

Ugandan shilling broadly stable on weak demand, liquidity squeeze

KAMPALA: The Uganda shilling was broadly stable on Tuesday but was inclined on the stronger side, supported by liquidity

Published 30 Jan, 2018 01:00pm

Financial

Kenyan shilling strengthens slightly on offshore demand

NAIROBI: Kenya's shilling strengthened slightly on Monday, helped by dollar inflows from offshore investors amid dollar

Published 29 Jan, 2018 02:07pm

Financial

South African rand pauses rally, weakens 0.25 percent

JOHANNESBURG: South Africa's rand was slightly weaker in early deals on Thursday, pausing a rally that lifted the local

Published 25 Jan, 2018 07:10am

Financial

Ugandan shilling stable against the dollar

KAMPALA: The Ugandan shilling was barely moved on Tuesday, remaining within its recent range against the dollar. At 1

Published 23 Jan, 2018 03:09pm

Financial

Kenyan shilling stable ahead of interest rate decision

NAIROBI: The Kenyan shilling was stable against the dollar on Monday before a central bank decision on lending rates.

Published 22 Jan, 2018 03:32pm

Financial

Rand at 2 1/2-yr highs, emerging stocks extend gains

LONDON: South Africa's rand rose to its highest in more than two years on Monday amid growing expectations that scandal-

Published 22 Jan, 2018 03:28pm

Financial

Ugandan shilling inches up as demand from importers slips

KAMPALA: The Ugandan shilling edged up on Tuesday as importers who are preparing to pay their taxes in the local curbed

Published 16 Jan, 2018 12:32pm

Financial

Kenyan shilling unchanged as manufacturers exert demand

NAIROBI: The Kenyan shilling was steady against the dollar on Tuesday amid an uptick in appetite for hard currency from

Published 16 Jan, 2018 12:30pm

Financial

South Africa's rand reaches 2 1/2-year best as technical points hit

JOHANNESBURG: South Africa's rand rose to its strongest since July 2015 early on Tuesday as it crossed crucial technical

Published 16 Jan, 2018 12:20pm

Financial

Sudanese pound weakens on black market amid dollar shortage

KHARTOUM: The Sudanese pound weakened on the black market on Monday amid a foreign currency shortage that has crippled t

Published 15 Jan, 2018 04:39pm

Financial

South Africa's rand edges higher; Zuma's future in focus

JOHANNESBURG: South Africa's rand strengthened slightly on Monday, helped by a weaker dollar and by reports that the rul

Published 15 Jan, 2018 04:10pm

Financial

Morocco dirham stable as central bank introduces flexible FX system

CASABLANCA/DUBAI: Morocco's dirham barely moved against major currencies and there was little speculative trade as the c

Published 15 Jan, 2018 03:44pm

Financial

Ugandan shilling stable as tax payments offer support

KAMPALA: The Ugandan shilling remained unchanged on Monday, helped by flat dollar demand as mid-month tax payments forc

Published 15 Jan, 2018 01:48pm

Financial

Kenyan shilling stable, oil and retail demand seen posing risk

NAIROBI: The Kenyan shilling was stable against the dollar on Monday, with increased buying activity from retail and oil

Published 15 Jan, 2018 01:05pm

Financial

South Africa's rand flat, stocks retreat as investors await political developments

JOHANNESBURG: South Africa's rand was flat on Thursday, taking a breather after a week of volatile trade driven by swirl

Published 11 Jan, 2018 08:06pm

Financial

Kenya shilling, Zambia kwacha to firm, Ugandan shilling to weaken

NAIROBI: Kenya's shilling and Zambia's kwacha are expected to strengthen against the dollar over the week to next Thursd

Published 11 Jan, 2018 07:03pm

Financial

South Africa's rand slumps to 2-week low after ANC says no discussions on early Zuma exit

JOHANNESBURG: South Africa's rand weakened as much as 1.7 percent in midday trade on Wednesday to its worst in nearly th

Published 10 Jan, 2018 07:06pm

Financial

Sudan pound hits all-time low on black market

KHARTOUM: The Sudanese pound hit an all-time low against the dollar on the black market Tuesday, brokers said, fuelling

Published 09 Jan, 2018 08:15pm

Financial

South Africa's rand gains on Zuma exit rumours; stocks flat

JOHANNESBURG: South Africa's rand strengthened on Tuesday, touching its highest level in two sessions, after rumours tha

Published 09 Jan, 2018 07:49pm

Financial

South Africa's rand weaker against resurgent dollar, stocks rise

JOHANNESBURG: South Africa's rand weakened more than one percent on Monday, succumbing to a resurgent dollar and some pr

Published 08 Jan, 2018 09:31pm

Financial

South Africa's rand eyes longest weekly winning streak since 2002

JOHANNESBURG: South Africa's rand weakened slightly on Friday as investors bagged profits from a rally that has set the

Published 05 Jan, 2018 04:24pm

Financial

Kenyan shilling stable amid dollar inflows from charities

NAIROBI: Kenya's shilling was steady on Friday, with dollar demand from the manufacturing sector met by inflows from non

Published 05 Jan, 2018 03:24pm

Financial

Nigeria raises 162bn naira at treasury bill auction

LAGOS: Nigeria raised 161.54 billion naira ($513.64 mln) at a treasury bill auction on Wednesday after it received subsc

Published 04 Jan, 2018 07:26pm

Financial

South Africa's rand recovers on brighter political outlook

JOHANNESBURG: South Africa's rand firmed on Thursday, recovering earlier losses on bets that new political leaders will

Published 04 Jan, 2018 07:06pm

Financial

South Africa's rand resumes rally as bears buy short

JOHANNESBURG: South Africa's rand gained more than one percent on Wednesday, reversing losses from earlier in the sessio

Published 03 Jan, 2018 07:35pm

Financial

South Africa's rand firmer as dollar woes continue

JOHANNESBURG: South Africa's rand was little changed on the first trading day of 2018, giving up earlier gains in late t

Published 02 Jan, 2018 03:21pm

Financial

Egypt's M2 money supply up 20.73pc year-on-year in November

CAIRO: Egypt's M2 money supply was up 20.73 percent at the end of November from a year earlier, central bank data showed

Published 31 Dec, 2017 12:18pm

Financial

South African rand firms as positive sentiment lures bulls

JOHANNESBURG: South Africa's rand rallied to its strongest in nine months on Wednesday, still riding the wave of positiv

Published 27 Dec, 2017 09:55pm

Financial

Saudi finance ministry sells 4.775bn riyals of domestic sukuk

DUBAI: Saudi Arabia's finance ministry said on Sunday it had sold 4.775 billion riyals ($1.27 billion) of domestic sukuk

Published 24 Dec, 2017 07:30pm

Financial

South African rand resumes rally as bulls return, stock up

JOHANNESBURG: South Africa's rand inched firmer on Thursday, regaining the momentum injected by Cyril Ramaphosa's electi

Published 21 Dec, 2017 10:47pm

Financial

South African rand gains on Ramaphosa win, stocks flat

JOHANNESBURG: South Africa's rand rose on Wednesday, buoyed by as positive sentiment from the election of ruling party l

Published 20 Dec, 2017 09:27pm

Financial

South African rand hits nine-month high as Ramaphosa wins ANC leadership

JOHANNESBURG: South Africa's rand scaled nine-month highs on Monday after Deputy President Cyril Ramaphosa became the ne

Published 18 Dec, 2017 11:19pm

Financial

South Africa's rand rallies 2 percent as ANC set to pick new leader

JOHANNESBURG: South Africa's rand firmed 2 percent on Friday as the ruling African National Congress prepared to elect i

Published 15 Dec, 2017 10:20pm

Financial

South Africa's rand firmer as dollar dips, Steinhoff reverses gains

JOHANNESBURG: South Africa's rand rose on Wednesday, helped by a dip in the dollar after disappointing US inflation data

Published 13 Dec, 2017 11:05pm

Financial

South Africa's rand, stocks ease in cautious trade

JOHANNESBURG: South Africa's rand weakened on Tuesday as an upcoming conference of the ruling African National Congress

Published 12 Dec, 2017 09:55pm

Financial

South Africa's rand firms on weaker dollar, Steinhoff recovers

JOHANNESBURG: South Africa's rand firmed against the dollar on Monday as the greenback retreated, while a recovery of St

Published 11 Dec, 2017 11:10pm

Financial

Ugandan shilling firm, helped by low dollar demand and remittances

KAMPALA: The Ugandan shilling firmed on Monday, helped by weak dollar demand from both commercial banks and importers an

Published 11 Dec, 2017 10:24pm

Financial

South African rand rises after Zuma court ruling; Steinhoff slides

JOHANNESBURG: South Africa's rand strengthened on Friday after a court ruled that President Jacob Zuma's appointment of

Published 08 Dec, 2017 09:24pm

Financial

South African rand rises on signs Ramaphosa doing well in ANC race

JOHANNESBURG: South Africa's rand gained 1 percent against the US dollar on Monday on signs that Deputy President Cyril

Published 04 Dec, 2017 09:17pm

Financial

South African rand slips before key ratings reviews, stocks flat

JOHANNESBURG: South Africa's rand was weaker against the dollar on Friday ahead of ratings decisions that could see the

Published 24 Nov, 2017 09:51pm

Financial

Kenyan shilling strengthens to highest in more than two months

NAIROBI: The Kenyan shilling rose to its highest in two months on Thursday, building on its recent gains after the Supre

Published 23 Nov, 2017 11:25pm

Financial

FX-Kenya shilling to firm after court upholds Kenyatta re-election, Kwacha bearish

NAIROBI: The Kenyan shilling is expected to firm next week after a court upheld the re-election of President Uhuru Kenya

Published 23 Nov, 2017 08:45pm

Financial

South African rand slides as ratings fear weigh, stocks drop

JOHANNESBURG: South Africa's rand was weaker against the dollar on Thursday ahead of ratings decisions that could see th

Published 23 Nov, 2017 07:56pm

Financial

Ugandan shilling stable, liquidity seen posing risk

KAMPALA: The Ugandan shilling was unchanged on Thursday but was seen inclined towards the weaker side amid an excess of

Published 23 Nov, 2017 07:30pm

Financial

Ugandan shilling stable, helped by remmittance and commodity flows

KAMPALA: The Ugandan shilling traded on a firm footing on Wednesday, helped by hard currency inflows from remittances by

Published 22 Nov, 2017 08:49pm

Financial

Kenyan shilling strengthens after court ended election challenge

NAIROBI: The Kenyan shilling strengthened against the dollar on Tuesday, a day after the Supreme Court upheld the re-ele

Published 21 Nov, 2017 09:53pm

Financial

South Africa's rand stumbles on credit rating jitters, stocks hit highs

JOHANNESBURG: South Africa's rand stumbled on Tuesday, driven by a firming dollar and negative sentiment ahead of credit

Published 21 Nov, 2017 09:33pm

Financial

Uganda shilling flat amid muted demand from banks, importers

KAMPALA: The Ugandan shilling was unchanged on Tuesday, underpinned by thin appetite for hard currency from both interba

Published 21 Nov, 2017 04:13pm

Financial

South Africa's rand slips on downgrade fears, stocks up

JOHANNESBURG: South Africa's rand weakened on Monday, bowing to a firming dollar and growing concerns over possible cred

Published 20 Nov, 2017 11:01pm

Financial

South Africa's rand recovers, stocks dragged down by gold miners

JOHANNESBURG: South Africa's rand recovered on Tuesday as traders who sold the currency and bought the dollar in the pre

Published 14 Nov, 2017 09:03pm

Financial

Ugandan shilling unchanged as firms prepare for tax payments

KAMPALA: The Ugandan shilling was stable on Monday, underpinned by low demand for dollars as most firms held on to the l

Published 13 Nov, 2017 10:00pm

Financial

Kenyan shilling firms slightly amid liquidity tightness

NAIROBI: The Kenyan shilling gained slightly against the dollar on Monday amid a local currency liquidity tightness, tra

Published 13 Nov, 2017 09:14pm

Financial

WEEKAHEAD-AFRICA-FX-Ghana's cedi to weaken amid investor uncertainty, kwacha to firm

ACCRA: Ghana's cedi is expected to weaken next week after the government failed to meet its energy bonds sales targets,

Published 09 Nov, 2017 05:45pm

Financial

South African rand slides on market fears over education spending

JOHANNESBURG: South Africa's rand weakened on Thursday after comments by President Jacob Zuma raised concerns about high

Published 09 Nov, 2017 05:14pm

Financial

Kenyan shilling unchanged, markets monitoring presidential vote petition

NAIROBI: The Kenyan shilling was stable against the dollar on Tuesday, with traders saying they were watching in the lon

Published 07 Nov, 2017 03:30pm

Financial

Ugandan shilling stable, expected to gain on offshore investor flows

KAMPALA: The Ugandan shilling was stable on Monday and was forecast to strengthen due to dollar inflows from offshore in

Published 06 Nov, 2017 05:38pm

Financial

South Africa's rand tracks EM currencies lower; stocks rise

JOHANNESBURG: South Africa's rand slipped on Friday, tracking the general weakness in emerging market currencies, with i

Published 03 Nov, 2017 04:33pm

Financial

South Africa's rand firms on investors' dollar doubts; stocks down

JOHANNESBURG: South Africa's rand extended its comeback on Thursday, ignoring turbulence in parliament to trade below th

Published 02 Nov, 2017 09:42pm

Financial

South Africa's rand recovers slightly after torrid week

JOHANNESBURG: South Africa's rand recovered on Friday after two days of heavy losses sparked by a bleak budget, benefiti

Published 27 Oct, 2017 06:49pm

Financial

South African rand weaker in cautious trade ahead of budget speech

JOHANNESBURG: South Africa's rand held its ground on Monday, weakening only slightly against a surging dollar as concern

Published 23 Oct, 2017 06:18pm

Financial

South Africa's rand slips to one-week low, stocks up

JOHANNESBURG: South Africa's rand slipped to a one-week low against the dollar on Wednesday, hurt by a combination of a

Published 18 Oct, 2017 04:29pm

Financial

Kenyan shilling steady despite political uncertainty

NAIROBI: The Kenyan shilling was steady against the dollar on Monday in spite of political uncertainty and demand from i

Published 16 Oct, 2017 04:34pm

Financial

South Africa's rand on the mend as investors buy cheaper levels

JOHANNESBURG: South Africa's rand staged a late-session rally on Tuesday away from 6-month lows as investors took profit

Published 11 Oct, 2017 06:35pm

Financial

South African rand hits 6-month low amid global sell-off

JOHANNESBURG: South Africa's rand slumped to a new six-month low on Monday as emerging market currencies suffered a broa

Published 09 Oct, 2017 05:27pm

Financial

Kenyan shilling firm on horticulture earnings

NAIROBI: The Kenyan shilling was firm against the dollar on Thursday buyoed by horticulture earnings and inflows from no

Published 05 Oct, 2017 08:26pm

Financial

South Africa's rand steadies, stocks set to open higher

JOHANNESBURG: South Africa's rand steadied early on Tuesday against the dollar, which rose in the previous session after

Published 03 Oct, 2017 07:24pm

Financial

South Africa's rand weaker as dollar marches ahead, stocks higher

JOHANNESBURG: South Africa's rand weakened on Monday as the currency along with fellow emerging markets strained under p

Published 02 Oct, 2017 06:45pm

Financial

South Africa's rand, bonds take a beating on US rate hike talk

JOHANNESBURG: South Africa's rand tumbled to its weakest in nearly three months, bond prices hit a seven-week trough and

Published 27 Sep, 2017 10:53pm

Financial

South Africa's rand weakens, stocks down on global risk

JOHANNESBURG: South Africa's rand weakened in late trade on Tuesday, as investors fretted over global risk events such a

Published 26 Sep, 2017 05:11pm

Financial

Kenyan shilling stable after central bank boosts market liquidity

NAIROBI: The Kenyan shilling was stable against the dollar on Friday after the central bank injected cash into money mar

Published 22 Sep, 2017 03:20pm

Financial

Potential intervention seen supporting Kenyan shilling

NAIROBI: The Kenyan shilling is expected to be little changed next week on concern the central bank might intervene in t

Published 21 Sep, 2017 07:31pm

Financial

South Africa's rand weaker before rate decision, stocks mixed

JOHANNESBURG: South Africa's rand weakened to a five-week low against the dollar on Tuesday before the central bank's in

Published 19 Sep, 2017 10:22pm

Financial

South Africa's rand softer on current account data, stocks down

JOHANNESBURG: South Africa's rand eased on Thursday to three-week lows after data showed the current account deficit wid

Published 14 Sep, 2017 05:21pm

Financial

South Africa's rand tumbles to 3-week low, stocks down

JOHANNESBURG: South Africa's rand slipped to its weakest in three weeks on Wednesday as traders opted to bank small prof

Published 13 Sep, 2017 08:00pm

Financial

South Africa's rand slips after weak economic data; stocks lifted by rand hedges

JOHANNESBURG: South Africa's rand weakened on Thursday following weak data on the local economy and mixed signals by the

Published 07 Sep, 2017 05:09pm

Financial

South Africa's rand hits 2-1/2 month best, stocks dragged by Vodacom

JOHANNESBURG: South Africa's rand rallied to its firmest in two-and-a-half months on Wednesday as rising tensions betwee

Published 06 Sep, 2017 07:59pm

Financial

Rand firms as South Africa emerges from recession

JOHANNESBURG: South Africa's rand firmed against the dollar on Tuesday after data showed the economy emerged from recess

Published 05 Sep, 2017 08:15pm

Financial

South African rand gets support from dollar weakens, stocks slightly up

JOHANNESBURG: South Africa's rand firmed on Friday as the dollar fell after Federal Reserve Chair Janet Yellen made no r

Published 25 Aug, 2017 06:13pm

Financial

Kenyan shilling stable ahead of supreme court election petition

NAIROBI: The Kenyan shilling was stable against the dollar on Friday as the market awaited a Supreme Court ruling on an

Published 25 Aug, 2017 03:53pm

Financial

Kenyan shilling firm, market awaits direction

NAIROBI: The Kenyan shilling was stable against the dollar on Thursday and traders said the currency was searching for d

Published 24 Aug, 2017 07:53pm

Financial

FX-Kenyan shilling awaits supreme court's vote ruling

NAIROBI: The next direction for the Kenyan shilling will depend on a ruling by the country's Supreme Court on the re-ele

Published 24 Aug, 2017 05:22pm

Financial

South Africa's rand retreats in cautious trade

JOHANNESBURG: South Africa's rand weakened on Monday, giving up gains from last week, with traders cautious ahead of the

Published 21 Aug, 2017 08:06pm

Financial

Kenya's shilling rises to a two-month high, election jitters recede

NAIROBI: The Kenyan shilling firmed to 103.25/45 against the dollar on Thursday, its highest level since June 21, after

Published 17 Aug, 2017 08:01pm

Financial

Ugandan shilling on firm footing, lacklustre demand offers support

KAMPALA: The Ugandan shilling was firm on Thursday, drawing support from a lacklustre demand for dollars from both playe

Published 17 Aug, 2017 04:55pm

Financial

Nigeria FX buffer rises to more than two-year high of $31.2bn

LAGOS: Nigeria's foreign exchange reserves rose to more than two-year high of $31.22 billion by Aug. 8, central bank dat

Published 09 Aug, 2017 07:53pm

Financial

South Africa's rand surges after speaker allows secret ballot in Zuma vote

JOHANNESBURG: South Africa's assets gained on Monday with the rand surging as much as 1.7 percent in part because a parl

Published 07 Aug, 2017 07:19pm

Financial

Ugandan shilling stable, propped by liquidity mop-up

KAMPALA: The Ugandan shilling was stable on Monday, partly helped by a central bank mop-up of excess local currency liqu

Published 07 Aug, 2017 07:17pm

Financial

Kenya's shilling seen easing as caution sets in ahead of polls

NAIROBI: The Kenyan shilling was steady on Wednesday, but traders said it could ease with increased dollar demand from v

Published 02 Aug, 2017 07:51pm

Financial

Egypt foreign reserves at highest since 2011 uprising

CAIRO: Egypt's foreign exchange reserves are at their highest since the 2011 uprising, the central bank said on Tuesday,

Published 01 Aug, 2017 07:18pm

Financial

South Africa's rand slips to 2-week trough, stocks at all time high

JOHANNESBURG: South Africa's rand slipped to a two week low on Monday after ratings agency Moody's warned that the recen

Published 31 Jul, 2017 09:54pm

Financial

Ugandan shilling steady, liquidity mop-up helps

KAMPALA: The Ugandan shilling was stable on Wednesday, underpinned by the central bank mopping up 329 billion shillings

Published 26 Jul, 2017 05:39pm

Financial

Kenyan shilling eases on manufacturing sector dollar demand

NAIROBI: The Kenyan shilling eased on Monday due to dollar demand from the manufacturing sector, traders said. At 095

Published 24 Jul, 2017 05:18pm

Financial

Kenyan shilling poised to weaken on higher import demand

NAIROBI: Kenya's shilling is expected to weaken next week, with increased import demand outweighing currency inflows, wh

Published 20 Jul, 2017 05:34pm

Financial

South Africa's rand slips, stocks gain after surprise rate cut

JOHANNESBURG: South Africa's rand shed as much as one percent against the dollar on Thursday after the central bank unex

Published 20 Jul, 2017 05:25pm

Financial

South Africa's rand climbs to 2-week best, stocks led higher by Lonmin

JOHANNESBURG: South Africa's rand reached its firmest level in two weeks as the suspension of new mining laws and weak d

Published 17 Jul, 2017 07:09pm

Financial

South Africa's rand at two-week high vs hobbled dlr, stock rise

JOHANNESBURG: South Africa's rand extended its gains against a weak dollar on Friday, lifted by technical factors and co

Published 14 Jul, 2017 08:28pm

Financial

Kenyan shilling seen on back foot, Nigeria's naira stable

NAIROBI: The Kenyan shilling is expected to trade with a weakening tone as importers stock up on hard currency ahead of

Published 13 Jul, 2017 05:38pm

Financial

South Africa's rand firms more than 1pc on profit taking

JOHANNESBURG: South Africa's rand gained more than one percent on Wednesday as offshore investors cashed in on the dolla

Published 12 Jul, 2017 01:41pm

Financial

South Africa's rand reverses gains vs buoyant dollar, stocks firmer

JOHANNESBURG: South Africa's rand reversed earlier gains and slipped against the dollar on Monday as the US currency hit

Published 10 Jul, 2017 07:13pm

Financial

Nigeria's FX window sees $3.8bn traded since April 24

LAGOS: Nigeria's currency window for investors and exporters has traded around $3.83 billion since it was established on

Published 10 Jul, 2017 05:03pm

Financial

Average yields mixed on Egypt's six-month and one-year T-bills

CAIRO: The average yields on Egypt's six-month and one-year treasury bills were mixed at an auction on Thursday, data fr

Published 06 Jul, 2017 04:00pm

Financial

South Africa's rand firms, Naspers leads stocks down

JOHANNESBURG: South Africa's rand firmed slightly on Tuesday as the July 4 holiday in the United States restricted marke

Published 04 Jul, 2017 05:08pm

Financial

Qatar riyal back near peg as local banks assert control, cool speculation

DUBAI: The Qatari riyal rose back to near its peg to the US dollar on Monday as local banks returned from a week-long ho

Published 03 Jul, 2017 03:55pm

Financial

Kenyan shilling weakens on importer demand

NAIROBI: The Kenyan shilling weakened against the shilling on Wednesday due to increased demand from oil importers, and

Published 28 Jun, 2017 02:32pm

Financial

Qatar riyal FX market in chaos but bankers believe peg still solid

DUBAI/ABU DHABI: Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riya

Published 28 Jun, 2017 02:21pm

Financial

Nigeria's investor and black market FX rates near convergence

LAGOS: The rates at which Nigeria's naira currency was traded in the investor foreign exchange window and black market o

Published 23 Jun, 2017 04:10pm

Financial

South Africa's rand firmer after court ruling, stocks dip

JOHANNESBURG: South Africa's rand rallied on Thursday as investors cheered a constitutional court ruling that parliament

Published 22 Jun, 2017 05:16pm

Financial

Ugandan shilling unchanged, seen gaining due to coffee export dollar inflows

KAMPALA: The Ugandan shilling was unchanged on Thursday and was expected to get support from coffee export dollar inflow

Published 22 Jun, 2017 03:05pm

Financial

Ugandan shilling stable, seen gaining on remittance, charity flows

KAMPALA: The Ugandan shilling was stable on Wednesday, and was seen getting support from dollar inflows from sources lik

Published 21 Jun, 2017 03:13pm

Financial

South Africa's rand weighed down by central bank row, stocks weak

JOHANNESBURG: South Africa's rand extended its losses against the dollar on Tuesday as jittery investors sold the curren

Published 20 Jun, 2017 04:04pm

Financial

Kenyan shilling seen weaker due to dollar demand from manufacturers

NAIROBI: The Kenyan shilling was seen weakening on Tuesday due to increased dollar demand from oil companies and manufac

Published 20 Jun, 2017 03:43pm

Financial

Ugandan shilling seen firmer, helped by coffee export dollar flows

KAMPALA: The Ugandan shilling was unchanged against the dollar on Tuesday with some inflows from exporters of commoditie

Published 20 Jun, 2017 12:34pm

Financial

Qatar riyal quoted below peg but no threat of devaluation, bankers say

DUBAI: Qatar's riyal is being quoted weaker than its peg against the US dollar as Doha grapples with a diplomatic crisis

Published 18 Jun, 2017 12:05pm

Financial

Kenyan shilling edges down, eyes on central bank

NAIROBI: The Kenyan shilling edged down on Thursday due to increased dollar demand from oil importers, while traders sai

Published 15 Jun, 2017 01:07pm

Financial

Kenya shilling steady, seen easing due to oil importer demand

NAIROBI: Kenya's shilling was little changed against the dollar on Tuesday, but was seen under pressure due to a general

Published 13 Jun, 2017 03:57pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling was stable on Monday with traders saying demand from oil importers was being met by hard cu

Published 12 Jun, 2017 02:06pm

Financial

South Africa's rand slips on manufacturing data, stocks down

JOHANNESBURG: South Africa's rand weakened against the dollar on Thursday as manufacturing and mining data added to a gl

Published 08 Jun, 2017 04:45pm

Financial

Kenyan shilling steady, aid organisation dollar flows help

NAIROBI: The Kenyan shilling was steady on Thursday with oil importer dollar demand matched by inflows from aid organisa

Published 08 Jun, 2017 12:47pm

Financial

Qatari riyal slips to 11-year low against dollar in spot market

DUBAI: The Qatari riyal fell to an 11-year low against the US dollar in the spot market in late trade on Wednesday due t

Published 07 Jun, 2017 04:01pm

Financial

Nigeria to raise 236.6bn naira in short-dated debt note

LAGOS: Nigeria plans to sell 236.66 billion naira ($777.1 million) of short-dated treasury bills at an auction on June 1

Published 07 Jun, 2017 03:40pm

Financial

South Africa's rand slips as investors cash in on rally

JOHANNESBURG: South Africa's rand retreated early on Tuesday in subdued overnight trade ahead of first quarter growth da

Published 06 Jun, 2017 03:14pm

Financial

Ugandan shilling steady, coffee inflows, mop-up seen helping

KAMPALA: The Uganda shilling was steady on Tuesday, and was seen supported by dollar inflows from coffee exporters and t

Published 06 Jun, 2017 01:01pm

Financial

South Africa's rand gains as Fitch keeps ratings steady

JOHANNESBURG: South Africa's rand rose to its firmest in three sessions on Thursday after Fitch kept its credit rating u

Published 01 Jun, 2017 05:13pm

Financial

Kenyan shilling unchanged; dollar demand subdued

NAIROBI: The Kenyan shilling was unchanged on Wednesday with dollar inflows from charities and remittances meeting end-m

Published 31 May, 2017 12:18pm

Financial

South Africa's rand slips, stocks rise, led by Nampak, Mr Price

JOHANNESBURG: South Africa's rand extended losses against the US dollar on Tuesday as political tension ended the curren

Published 30 May, 2017 05:36pm

Financial

Ugandan shilling slightly strengthens on weak demand, repo help

KAMPALA: The Ugandan shilling slightly strengthened on Tuesday, underpinned by sagging demand and removal of excess loca

Published 30 May, 2017 12:13pm

Financial

Kenyan shilling unchanged ahead of rate decision

NAIROBI: The Kenyan shilling was unchanged versus the dollar on Monday as traders awaited the outcome of a rate-setting

Published 29 May, 2017 12:17pm

Financial

Kenyan shilling seen weak on increased oil import demand

NAIROBI: Traders expect the Kenyan shilling to weaken next week, with increased oil importer demand outweighing dollar i

Published 25 May, 2017 06:04pm

Financial

South Africa's rand races to 2-month high, stocks fall

JOHANNESBURG: South Africa's rand extended gains against the US dollar to a two-month high on Thursday as the greenback

Published 25 May, 2017 05:57pm

Financial

South African rand firms on slower CPI, Mediclinic leads stock fall

JOHANNESBURG: South Africa's rand rallied to a 4-week high against the dollar on Wednesday and government bonds gained a

Published 24 May, 2017 04:55pm

Financial

South Africa's rand rallies to 4-week high on Zuma exit rumours; stocks up

JOHANNESBURG: South Africa's rand raced to a four-week high against the US dollar on Tuesday on a media report that the

Published 23 May, 2017 04:37pm

Financial

Kenyan shilling stable; dollar demand from oil importers slow

NAIROBI: The Kenyan shilling was steady against the dollar on Friday, helped by weak dollar demand from oil importers, t

Published 19 May, 2017 01:33pm

Financial

South Africa's rand, bonds hit by US political fallout, stocks gain

JOHANNESBURG: South Africa's rand fell nearly 3 percent against the dollar on Thursday before recouping some lost ground

Published 18 May, 2017 05:24pm

Financial

Latam markets rise as commodities track oil higher

SAO PAULO: Latin American currencies and stocks posted gains on Monday as talks of extended production cuts lifted crude

Published 15 May, 2017 08:11pm

Financial

South Africa's rand rises to 2-week high as data weighs on dollar

JOHANNESBURG: South Africa's rand firmed on Monday along with other emerging currencies as the dollar retreated on weak

Published 15 May, 2017 08:05pm

Financial

South Africa's rand weakens on political jitters, stocks flat

JOHANNESBURG: South Africa's rand fell on Friday amid political jitters as the state power company reinstated its former

Published 12 May, 2017 06:32pm

Financial

South Africa's rand firms to near one-week high; stocks down

JOHANNESBURG: South Africa's rand climbed more than one percent on Thursday to its firmest level in nearly a week as dem

Published 11 May, 2017 05:21pm

Financial

South Africa's rand firms on dollar weakness, stocks up

JOHANNESBURG: South Africa's rand snapped two days of losses on Wednesday as emerging markets broadly benefited from a r

Published 10 May, 2017 03:52pm

Financial

Ugandan shilling weaker on demand from banks, fuel importers

KAMPALA: The Ugandan shilling weakened on Wednedsay, weighed down by dollar demand from fuel importers and com

Published 10 May, 2017 01:45pm

Financial

Kenyan shilling weakens on oil importer demand

NAIROBI: The Kenyan shilling weakened slightly against the dollar on Wednesday, with demand from oil importers outweighi

Published 10 May, 2017 12:57pm

Financial

Two major Saudi companies diverge on Q1 results amid quiet region

DUBAI: Shares in Saudi Arabian construction firm Al Khodari fell 4.3 percent to percent to 11.00 riyals in the first 10

Published 10 May, 2017 09:21am

Financial

Naira traded at 400 for investors on Monday, traders discuss rates

LAGOS: The Nigerian naira traded at about 400 to the dollar in deals for investors on Monday, traders told Reuters, two

Published 08 May, 2017 04:14pm

Financial

South Africa's rand retreats as French vote boosts developed markets

JOHANNESBURG: South Africa's rand weakened on Monday, giving back some of Friday's strong gains as investors favoured de

Published 08 May, 2017 04:12pm

Financial

South Africa's rand reverses losses, gains over 1pc

JOHANNESBURG: South Africa's rand firmed more than 1 percent in afternoon trade on Friday as the dollar reversed gains i

Published 05 May, 2017 05:29pm

Financial

FX-Kenyan shilling seen weak on increased oil import demand

NAIROBI: Traders expect the Kenyan shilling to weaken next week, with increased oil importer demand outweighin

Published 04 May, 2017 02:20pm

Financial

Nigeria to auction 140bn naira bonds on May 10, debt office says

LAGOS: Nigeria plans to auction 140 billion naira ($446 mln) in bonds on May 10, the Debt Management Office said on Wedn

Published 03 May, 2017 02:39pm

Financial

Ugandan shilling strengthens due to subdued dollar demand

KAMPALA: The Uganda shilling was strong on Wednesday as some players in the interbank market sought to unwind their long

Published 03 May, 2017 02:25pm

Financial

South Africa's rand firms, stocks set to open higher

JOHANNESBURG: South Africa's rand firmed against the dollar in early trade on Tuesday as a slight easing in tensions ove

Published 02 May, 2017 02:53pm

Financial

Kenyan shilling firm due to weak oil importer demand

NAIROBI: The Kenyan shilling was firm against the dollar on Tuesday due to weak oil importer demand and tight liquidity

Published 02 May, 2017 02:45pm

Financial

Ugandan shilling weakens on dollar demand

KAMPALA: The Ugandan shilling was weak on Tuesday due to the dollar demand from banks and foreign-owned firms looking t

Published 02 May, 2017 02:43pm

Financial

Nigeria FX reserves at 19-month high of $30.8bn by April 26

LAGOS: Nigeria's foreign exchange reserves rose to $30.80 billion by April 26, their highest level since Sept.

Published 28 Apr, 2017 03:22pm

Financial

South Africa's rand retreats further from 3-week high, stocks gain

JOHANNESBURG: South Africa's rand fell from a 3-week high against the US dollar on Wednesday as the greenback rose and t

Published 26 Apr, 2017 07:14pm

Financial

Sri Lankan rupee edges up on foreign bank dlr sales

COLOMBO: The Sri Lankan rupee strengthened on Wednesday as a foreign bank sold the dollar, while investors awaited the I

Published 26 Apr, 2017 04:59pm

Financial

South Africa's rand extends losses ahead of holiday

JOHANNESBURG: South Africa's rand stretched early losses to its weakest level in nearly one week on Wednesday

Published 26 Apr, 2017 04:58pm

Financial

Nigeria naira's new investors rate eases for second day

LAGOS: The value of Nigeria's latest naira exchange rate -- this one for portfolio investors -- eased for a second day o

Published 26 Apr, 2017 04:46pm

Financial

Kenyan shilling stable, seen gaining ground

NAIROBI: The Kenyan shilling was steady against the dollar on Tuesday and was seen strengthening due to inflows from inv

Published 25 Apr, 2017 03:03pm

Financial

Nigeria naira quoted 18pc weaker at investors' FX window

LAGOS: The Nigerian naira was quoted 18.3 percent weaker for portfolio investors on Tuesday compared with the interbank

Published 25 Apr, 2017 02:10pm

Financial

Kenyan shilling steady, seen firmer on debt inflows

NAIROBI: Kenya's shilling was stable on Monday and was seen gaining ground, helped by dollar inflows from investors inte

Published 24 Apr, 2017 12:48pm

Financial

Ugandan shilling seen firmer on expected dollar flows from charities

KAMPALA: The Ugandan shilling was unchanged on Monday but was seen firming due to a rise in dollar inflows as non-govern

Published 24 Apr, 2017 11:59am

Financial

Nigeria naira firms 2.6pc to 385 per dollar on black market

LAGOS: The Nigerian naira currency firmed to 385 per dollar on the black market on Thursday, up 2.6 percent fr

Published 20 Apr, 2017 02:47pm

Financial

Kenyan shilling weakens as oil importers exert demand pressure

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday, undercut by an uptick inÂ demand from oil importers

Published 18 Apr, 2017 03:23pm

Financial

South African rand up as court takes case for secret vote on Zuma

JOHANNESBURG: South Africa's rand gained ground on Tuesday, spurred by a globally hobbled dollar and a decision by South

Published 11 Apr, 2017 06:44pm

Financial

Kenyan shilling edges up against the dollar

NAIROBI: The Kenyan shilling inched up on Tuesday due to lower demand for dollars by oil importers and hard currency inf

Published 11 Apr, 2017 05:28pm

Financial

Nigeria naira down 1.2pc against dollar on black market

LAGOS: Nigeria's naira eased 1.2 percent against the dollar on the black market on Tuesday despite the central

Published 11 Apr, 2017 04:15pm

Financial

Naira quoted at 328.50 per dollar on official market

LAGOS: Nigeria's naira traded at 328.50 per dollar on the official market on Monday, weaker than 306.15 it clo

Published 10 Apr, 2017 06:02pm

Financial

South Africa's rand falls as Fitch also cuts to â€˜junkâ€™

JOHANNESBURG: South Africa's rand slipped on Friday after a second ratings agency, Fitch, downgraded the country's credi

Published 07 Apr, 2017 05:55pm

Financial

Kenyan shilling weakens due to telecom sector dollar demand

NAIROBI: The Kenyan shilling weakened slightly against the dollar on Friday due to demand from multinational c

Published 07 Apr, 2017 02:00pm

Financial

Kenyan shilling steady, charity inflows seen offering support

NAIROBI: The Kenyan shilling was steady against the dollar on Thursday due to foreign exchange inflows from ch

Published 06 Apr, 2017 03:31pm

Financial

WEEKAHEAD-AFRICA-FX- Kenya, Ghana, Zambia currencies seen firmer, Nigeria's to ease

NAIROBI: Kenya's shilling, Zambia's kwacha and Ghana's cedi are seen strengthening against the dollar in the n

Published 06 Apr, 2017 02:57pm

Financial

South Africa's rand expected to stabilise for rest of year

JOHANNESBURG: South Africa's rand will be relatively stable against the dollar for the rest of 2017 as the impact of Fin

Published 06 Apr, 2017 01:50pm

Financial

Ugandan shilling stable as bank and importer dollar demand wanes

KAMPALA: The Ugandan shilling was flat on Monday, supported by waning appetite for dollars from both commercial banks an

Published 03 Apr, 2017 08:26pm

Financial

Kenyan shilling under pressure from oil importer dollar demand

NAIROBI: The Kenyan shilling was seen to be under pressure against the dollar on Monday due to demand from oil

Published 03 Apr, 2017 06:09pm

Financial

South Africa's rand, bonds under pressure after Gordhan exit

JOHANNESBURG: South Africa's rand recovered some ground on Friday as investors took profits after the currency fell shar

Published 31 Mar, 2017 03:36pm

Financial

South Africa's rand claws back losses; political uncertainty dashes rate cut hopes

JOHANNESBURG: South Africa's rand and bonds recouped losses on Thursday in volatile trade over jitters of the

Published 30 Mar, 2017 03:39pm

Financial

Naira weakens on official market after central bank dollar sale

LAGOS: Nigeria's central bank weakened the naira to 307.75 per dollar on Wednesday after selling $1.5 million on the off

Updated 22 Mar, 2017 03:35pm

Financial

Nigeria naira steady after Buhari return from UK medical leave

LAGOS: Nigeria's naira exchange rate was steady on both the official and black markets on Friday after President Muhammadu Buhari's return home from extended medical leave in Britain.

Published 10 Mar, 2017 12:28pm

Financial

South Africa's rand weakens, Shoprite tops stocks index

JOHANNESBURG: South Africa's rand weakened on Tuesday, while stocks were little changed, with Shoprite topping the Blue-chip index after the retailer reported a rise in half-year profit.

Published 21 Feb, 2017 07:16pm

Financial

Nigeria naira hits new black market low as traders digest central bank action

LAGOS: Nigeria naira hit a fresh low of 520 on the black market on Monday, as retail currency traders tried to digest a new central bank decision to sell dollars to retail users through commercial lenders, one retail trader said.

Published 20 Feb, 2017 02:15pm

Financial

Ugandan shilling stable, draws support from mop-up

KAMPALA: The Ugandan shilling was stable on Friday, helped by central bank mopping up 625 billion shillings ($174.

Published 17 Feb, 2017 12:07pm

Financial

Egyptian pound strengthens as foreign investors return

CAIRO: The Egyptian pound strengthened at banks as foreign investor confidence picked up and backlogs of US dollar orders to finance imports eased, bankers and economists told Reuters on Thursday.

Published 09 Feb, 2017 03:26pm

Financial

South Africa's rand retreats, stocks slip as political uncertainty weighs

JOHANNESBURG: South Africa's rand retreated on Monday, pausing a four session rally as some investors cashed in on recent gains and the dollar regained some ground after being hit by a poor wages report last week.

Published 06 Feb, 2017 05:00pm

Financial

Ugandan shilling stable amid subdued demand for dollars

KAMPALA: The Ugandan shilling was little changed on Monday, with a slowdown in economic activity stifling demand for dollars among importers and helping offer support to the local currency.

Published 06 Feb, 2017 01:53pm

Financial

Nigeria's naira falls to record low of 500 on black market, traders say

LAGOS: The naira dropped to a record low of 500 to the dollar on the black market on Monday, even though Nigeria's foreign reserves rose to their highest in a year, as demand for the US currency grew and the central bank rationed dollar supply, trader

Published 06 Feb, 2017 01:43pm

Financial

South Africa's rand, stocks firm on Chinese data

JOHANNESBURG: South Africa's rand strengthened on Wednesday, stretching gains into a second session as upbeat manufacturing data from China helped lift demand for emerging currencies.

Published 01 Feb, 2017 05:54pm

Financial

Egypt's pound strengthens at banks as demand from importers eases

CAIRO: The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday.

Published 08 Jan, 2017 03:47pm

Financial

Nigeria'a naira falls on black market, interbank rate stable

LAGOS: Nigeria's currency fell on the parallel market against the US dollar on Friday while the overnight lending rate closed at 9.

Published 06 Jan, 2017 02:33pm

Financial

South Africa's rand hits 4-week high, stocks down

JOHANNESBURG: South Africa's rand firmed against the dollar on Thursday, touching a four-week high as the greenback lost ground against a basket of currencies after unimpressive US labour data.

Published 05 Jan, 2017 06:05pm

Financial

South Africa's rand firms as dollar retreats, stocks down

JOHANNESBURG: South Africa's rand firmed on Wednesday as the US dollar fell against a basket of currencies, with investors cautious about increasing bets on the greenback before getting fresh clues on the US economy and the timing of interest rate ris

Published 04 Jan, 2017 03:57pm

Financial

WEEKAHEAD-AFRICA-FX -Kenyan shilling seen steady, Nigeria's naira could weaken

NAIROBI: Kenya's shilling and Zambia's kwacha are seen holding steady against the dollar in the next week to Thursday, while Nigeria's naira will likely weaken, traders said.

Published 29 Dec, 2016 01:04pm

Financial

South African rand climbs to 2-week peak, stocks up nearly 2 percent

JOHANNESBURG: South Africa's rand strengthened on Wednesday to a two-week high, supported by firming demand for commodities in global markets.

Published 28 Dec, 2016 03:33pm

Financial

Iran rial hits fresh record low

TEHRAN: Iran's currency plumbed new lows against the dollar on Sunday, continuing a six-month decline that has seen the rial lose some 17 percent of its value despite the lifting of sanctions.

Published 25 Dec, 2016 11:54am

Financial

South African rand edges higher in thin trade, stocks slide

JOHANNESBURG: South Africa's rand traded firmer on Wednesday, tracking a stronger euro in low volume trade and as investors closed positions ahead of year-end.

Published 21 Dec, 2016 07:53pm

Financial

Ugandan shilling stable on inflows from charities, commodity exporters

KAMPALA: The Ugandan shilling was stable on Monday, helped by hard currency inflows from non-governmental organisations and commodity exporters.

Published 19 Dec, 2016 07:16pm

Financial

Egypt's pound weakens to almost 19 per dollar as banks seek dollar flows

CAIRO: The Egyptian pound weakened on Wednesday as banks paid more to buy dollars from clients in an effort to attract dollar liquidity into the banking system, but volumes remain low.

Published 14 Dec, 2016 09:17pm

Financial

Kenyan shilling seen under pressure from company dollar demand

NAIROBI: The Kenyan shilling was steady on Thursday, but was seen under weakening pressure due to dollar demand from companies, traders said.

Published 08 Dec, 2016 02:19pm

Financial

South Africa's rand firms over ratings, Zuma ANC vote

JOHANNESBURG: South Africa's rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody's affirmed the country's investment-grade credit ratings.

Published 28 Nov, 2016 08:03pm

Financial

South Africa's rand firms after Fitch, Moody's affirm ratings

JOHANNESBURG: South Africa's rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody's affirmed the country's investment-grade credit ratings.

Published 28 Nov, 2016 08:38am

Financial

South Africa's rand firms, stocks rise in emerging assets recovery

JOHANNESBURG: South Africa's rand firmed on Tuesday alongside other emerging market currencies, helped by higher commodity prices and a pause in the rise of the dollar.

Published 22 Nov, 2016 05:41pm

Financial

South African rand seen range-bound ahead of rates decision, ratings review

JOHANNESBURG: The South African rand was a touch firmer against the dollar on Thursday, with traders expecting it to stay in a narrow range ahead of next week's interest rates decision and a credit rating review from Moody's.

Published 17 Nov, 2016 05:22pm

Financial

Nigeria sells 120bn naira in treasury bills, yields mixed

LAGOS: Nigeria sold 119.

Published 17 Nov, 2016 03:11pm

Financial

AFRICA-FX-Kenyan, Ugandan shillings seen easing, Zambia's kwacha to firm

NAIROBI: The Kenyan and Ugandan shillings are seen weakening in the week to next Thursday, while Zambia's kwacha is seen strengthening, traders said.

Published 17 Nov, 2016 02:57pm

Financial

Dollar surges to 11-month high as bond rout persists

LONDON: The dollar surged to an 11-month high against a basket of major currencies on Monday, resuming an upward track driven by US bond yields and expectations for higher inflation after Donald Trump's US election victory.

Published 14 Nov, 2016 06:13pm

Financial

Mexico's peso weakens slightly in early trading on Monday

MEXICO CITY: Mexico's peso weakened slightly in Monday morning trading, after the currency had its worst week since October 2008 with the victory of Donald Trump in the US election.

Published 14 Nov, 2016 05:58pm

Financial

EMERGING MARKETS-Brazil real weakens for 4th day; Mexico peso up

SAO PAULO: The Brazilian real weakened more than its peers on Monday as traders' concerns over the election of Donald Trump as US president drove investors to seek safer investments ahead of a local holiday.

Published 14 Nov, 2016 02:37pm

Financial

Sterling slips back below $1.25 as dollar rallies

LONDON: Sterling fell around 1 percent against the dollar on Monday, as the greenback followed U.

Published 14 Nov, 2016 11:01am

Financial

Egypt's pound strengthens after IMF approves $12bn loan

CAIRO: Egypt's pound strengthened on Sunday after the International Monetary Fund approved a $12 billion loan the go

Published 13 Nov, 2016 03:44pm

Financial

Nigerian security agents raid black market FX dealers to stop slide of naira

LAGOS: Nigerian security agents raided the offices of black market currency dealers on Thursday, detaining some dealers

Published 10 Nov, 2016 01:10pm

Financial

South Africa's rand slumps as Trump wins US election

JOHANNESBURG: South Africa's rand tumbled as much as four percent on Wednesday along with other emerging market curr

Published 09 Nov, 2016 10:57am

Financial

Ugandan shilling firms on dollar inflows from charities

KAMPALA: The Ugandan shilling recouped some of its losses over the last few days on Tuesday, buoyed by dollar inflows fr

Published 08 Nov, 2016 06:48pm

Financial

Egyptian pound edges down in early trade, little volume

CAIRO: The Egyptian pound edged down in early interbank trade on Tuesday following the central bank's decision to fl

Published 08 Nov, 2016 06:28pm

Financial

Nigerian naira falls to 375.5 versus dollar on official market

LAGOS: Nigeria's naira weakened to a record low of 375.50 to the dollar on Tuesday on the official interbank market,

Published 08 Nov, 2016 11:06am

Financial

Dollar shortage stifles trade in newly floated Egyptian pound

CAIRO: Egypt's pound avoided the sharp drop that many had feared on its first day as a freely traded currency, but b

Published 06 Nov, 2016 09:08pm

Financial

South Africa's rand hits more than 2-month highs on release of Gupta report

JOHANNESBURG: South Africa's rand touched 2-1/2 month high against the US dollar on Wednesday after a court ordered

Published 02 Nov, 2016 04:59pm

Financial

Gulf falls as Saudi outperforms; investment steps boost Egypt

DUBAI: Gulf stock markets fell on Wednesday after drops in global bourses and oil prices, but banking shares limited the

Published 02 Nov, 2016 04:47pm

Financial

Egypt's pound strengthens on black market as restrictions expected on forex deposits

CAIRO: Egypt's pound on Wednesday traded at its strongest rate in over two weeks on the black market, traders said,

Published 02 Nov, 2016 04:36pm

Financial

Egyptian pound hits record low on parallel market amid devaluation talk

CAIRO: The Egyptian pound hit a new low against the dollar on the black market on Thursday, as speculators hold onto dol

Published 27 Oct, 2016 05:14pm

Financial

South Africa's rand steadies, miners lead stocks lower

JOHANNESBURG: South Africa's rand steadied on Thursday as improved global risk appetite cushioned the currency from

Published 27 Oct, 2016 04:22pm

Financial

South Africa's rand briefly falls 1 percent in volatile trade

JOHANNESBURG: South Africa's rand weakened as much as 1 percent on Thursday in volatile trade caused by uncertainty

Published 20 Oct, 2016 03:59pm

Financial

Kenyan shilling stable, bond inflows may offer support

NAIROBI: The Kenyan shilling held steady against the dollar on Wednesday and traders said its direction would be guided

Published 19 Oct, 2016 01:59pm

Financial

South Africa's rand recoups losses as finance minister fears subside

JOHANNESBURG: South Africa's rand rallied strongly to its firmest in one week on Tuesday as investors took a calmer

Published 18 Oct, 2016 09:08pm

Financial

Nigeria naira ends at 305 after central bank dollar sales

LAGOS: Nigeria's central bank intervened on Monday with dollar sales to support the naira, which ended at 305.50 per

Published 17 Oct, 2016 02:20pm

Financial

WEEKAHEAD-AFRICA-FX- Tanzanian shilling seen stable, Kenyan shilling to strengthen

DAR ES SALAAM: The Tanzanian shilling is expected to remain stable next week due to sapped demand for US dollars, while

Published 13 Oct, 2016 05:32pm

Financial

FX-Zambia kwacha seen firming, Uganda shilling to weaken

NAIROBI: The Zambian Kwacha is seen firming against the dollar in the next week to Thursday, while Nigeria's naira a

Published 06 Oct, 2016 05:09pm

Financial

South Africa's rand flat as market awaits US jobs data for steer

JOHANNESBURG: South Africa's rand was largely unchanged against the dollar in early trade on Thursday, as investors

Published 06 Oct, 2016 07:06am

Financial

Egypt keeps pound steady at dollar sale despite devaluation talk

CAIRO: Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of for

Published 04 Oct, 2016 07:37pm

Financial

South Africa's rand gains ground on increased risk appetite, stocks down

JOHANNESBURG: South Africa's rand and bonds firmed on Monday after the finance minister said the economy may be over

Published 03 Oct, 2016 10:19pm

Financial

Nigerian naira hits new low as dollar shortage persists

LAGOS: Nigeria's naira tumbled more than five percent to another record low against the dollar on the black market o

Published 29 Sep, 2016 07:07pm

Financial

Saudi riyal falls, bond may be delayed after US Congress vote

DUBAI: The Saudi riyal fell against the U.S. dollar in the forward foreign exchange market on Thursday after the U.S. Co

Published 29 Sep, 2016 09:37am

Financial

Saudi riyal falls in forwards market after US Congress vote

DUBAI: The Saudi riyal fell moderately against the U.S. dollar in the forwards market on Thursday after the U.S. Congres

Published 29 Sep, 2016 07:09am

Financial

Nigerian naira hits new record low of 460 per dollar on black market

LAGOS: The Nigerian naira plunged further to a new record low on Wednesday, down 1.76 percent against the dollar on the

Published 28 Sep, 2016 07:15pm

Financial

Egypt pound steady at regular dollar sale, weaker on black market

CAIRO: Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday

Published 27 Sep, 2016 08:27pm

Financial

Nigerian naira hits record low on black market

LAGOS: The Nigerian naira fell 1.1 percent to a record low of 445 to the dollar on the black market on Monday as the dol

Published 26 Sep, 2016 07:35pm

Financial

Kenyan shilling firms, helped by charity, investor dollar inflows

NAIROBI: The Kenyan shilling firmed slightly on Friday, drawing support from dollar inflows from non-governmental organi

Published 23 Sep, 2016 10:00am

Financial

Nigeria naira at record black market low as dollar reserves shrink

LAGOS: Nigeria naira hit a new record low of 436 on the black market on Thursday as dollar shortages on the official mar

Published 22 Sep, 2016 07:14pm

Financial

South Africa's rand firmer as market bets on low US rates; stocks down

JOHANNESBURG: South Africa's rand firmed to its highest in four weeks against the dollar on Wednesday, helped by str

Published 21 Sep, 2016 07:18pm

Financial

Egypt pound stable at regular dollar sale, weaker on black market

CAIRO: Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday

Published 20 Sep, 2016 07:25pm

Financial

South Africa's rand gains as risk currencies rally, stocks also rise

JOHANNESBURG: South Africa's rand firmed on Monday, gaining alongside fellow emerging currencies as the dollar stumb

Published 19 Sep, 2016 04:57pm

Financial

South Africa's rand recovers after weak U.S retail sales, stocks fall

JOHANNESBURG: South Africa's rand gained more than 1 percent on Thursday, stretching a recent recovery into a second

Published 15 Sep, 2016 09:56pm

Financial

South Africa's rand claws back losses; stocks dip on banks

JOHANNESBURG: South Africa's rand recouped some of its previous session's losses on Thursday, while stocks close

Published 01 Sep, 2016 08:22pm

Financial

South Africa's rand slumps as lender halts loans to state firms, stocks down

JOHANNESBURG: South Africa's rand weakened more than one percent on Wednesday after reports that a large debt manage

Published 31 Aug, 2016 02:39pm

Financial

Nigeria's naira hits new record low of 420 per dollar on black market

LAGOS: Nigeria's central bank sold dollar to some commercial lenders on Wednesday to support the local currency, whi

Published 31 Aug, 2016 01:46pm

Financial

South African rand weakens as US rate hike expectations strengthen

JOHANNESBURG: South Africa's rand weakened against the dollar on Monday as the greenback rose on expectations that U

Published 29 Aug, 2016 07:11pm

Financial

Nigeria naira at record black market low, stocks sink as FX bans weigh

LAGOS: Nigeria's naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared

Published 25 Aug, 2016 07:31pm

Financial

South Africa's rand under pressure amid political uncertainty, stocks weaken

JOHANNESBURG: South Africa's rand weakened further to a one-month low on Thursday, weighed down by lingering uncerta

Published 25 Aug, 2016 04:41pm

Financial

South Africa's rand under pressure amid political uncertainty, stocks weaken

JOHANNESBURG: South Africa's rand weakened further to a one-month low on Thursday, weighed down by lingering uncerta

Published 25 Aug, 2016 04:41pm

Financial

South Africa's rand under pressure amid political uncertainty, stocks weaken

JOHANNESBURG: South Africa's rand weakened further to a one-month low on Thursday, weighed down by lingering uncerta

Published 25 Aug, 2016 04:41pm

Financial

Nigeria's naira hits record low of 409 to dollar on black market

LAGOS: Nigeria's naira was quoted at an all-time low of 409 per dollar on the parallel market on Thursday, compared

Published 25 Aug, 2016 03:12pm

Financial

Kenya, Uganda shillings seen easing, Zambia kwacha to firm

NAIROBI: Kenya's and Uganda's shillings are seen easing in the next week to Thursday due to importer dollar dema

Published 25 Aug, 2016 01:57pm

Financial

Egyptian pound stable at regular dollar sale and on black market

CAIRO: Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday

Published 23 Aug, 2016 01:06pm

Financial

Nigeria's naira gains 0.8pc after central bank dollar sales

LAGOS: Nigeria's naira closed firmer on the interbank market on Monday after the central bank sold dollars to some c

Published 22 Aug, 2016 06:22pm

Financial

South Africa's rand falls on US rate hike prospects

JOHANNESBURG: South Africa's rand weakened against the US dollar in early trade on Monday, hurt by subdued risk appe

Published 22 Aug, 2016 06:41am

Financial

South Africa's rand gains as U.S rate hike worries fade, stocks up on financials

JOHANNESBURG: South Africa's rand edged firmer on Thursday along with fellow emerging currencies as risk assets rega

Published 18 Aug, 2016 05:02pm

Financial

South Africa's rand slips as investors bet on US rate rise

JOHANNESBURG: South Africa's rand retreated further against the dollar on Wednesday as risk sentiment switched, with

Published 17 Aug, 2016 07:37pm

Financial

Egyptian pound stable at regular dollar sale, stronger on black market

CAIRO: Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday

Published 16 Aug, 2016 07:33pm

Financial

South Africa's rand retreats in volatile trade, stocks flat

JOHANNESBURG: The rand retreated on Tuesday with a recent rally running out of steam as the currency failed to break a s

Published 16 Aug, 2016 06:14pm

Financial

Rand resumes rally, shares led lower by resource sector

JOHANNESBURG: South Africa's rand firmed on Monday, resuming the previous week's rally as commodity-linked curre

Published 15 Aug, 2016 07:23pm

Financial

South Africa's rand ends week up 3 percent, stocks gain

JOHANNESBURG: South Africa's rand firmed on Friday, taking gains for the week to almost 3 percent on rising investor

Published 12 Aug, 2016 03:37pm

Financial

Rand flat, Old Mutual weighs on South African shares

JOHANNESBURG: South Africa's rand was little changed near 10-month highs on Thursday and gains in the benchmark stoc

Published 11 Aug, 2016 08:53pm

Financial

WEEKAHEAD-AFRICA-FX-Nigeria seen supporting naira, other African currencies steady

NAIROBI: Nigeria's central bank is expected to offer support to the naira with foreign exchange sales next week, whi

Published 11 Aug, 2016 07:51pm

Financial

Nigeria's central bank sells dollars

LAGOS: Nigeria's central bank sold dollars on Thursday to boost liquidity and help the naira to strengthen against t

Published 11 Aug, 2016 03:48pm

Financial

South Africa's rand at 10-month highs, stocks stumble

JOHANNESBURG: South Africa's rand touched a new 10-month high against the dollar early on Wednesday as the greenback

Published 10 Aug, 2016 07:39pm

Financial

Egypt closes 48 forex bureaus in black market crackdown

CAIRO: Egypt's central bank has closed 48 foreign exchange bureaus since the start of the year for trading at black

Published 10 Aug, 2016 10:29am

Financial

Uganda shilling eases slightly after central bank rate cut

KAMPALA: The Ugandan shilling weakened slightly on Monday after the central bank slashed its benchmark policy rate by 10

Published 08 Aug, 2016 09:39pm

Financial

South Africa's rand firmer in quiet trade, stocks inch up

JOHANNESBURG: South Africa's rand stretched gains on Monday, still riding the wave of last week's peaceful local

Published 08 Aug, 2016 05:26pm

Financial

Nigeria's naira hits post-peg black market low of 400

LAGOS: Nigeria's naira hit 400 against the dollar on the black market on Friday, bureaux de change traders said, fal

Published 05 Aug, 2016 03:22pm

Financial

South Africa rand hits 9-month high as poll results trickle in, stocks flat

JOHANNESBURG: South Africa's rand hit a nine-month high against the dollar and government bonds firmed on Thursday a

Published 04 Aug, 2016 07:34pm

Financial

South Africa's rand, stocks slip ahead of elections

JOHANNESBURG: South Africa's rand lost some ground against the US dollar on Tuesday with traders taking a cautious s

Published 02 Aug, 2016 08:43pm

Financial

South Africa's rand retreats, stocks end higher as financials climb

JOHANNESBURG: South Africa's rand retreated on Monday, surrendering recent gains as some investors cashed in profits

Published 01 Aug, 2016 07:42pm

Financial

Egyptian pound firms on black market after IMF loan announcement

CAIRO: The Egyptian pound strengthened on the black market on Thursday, two days after the government announced it was i

Published 28 Jul, 2016 07:11pm

Financial

South Africa's rand up and stocks down as SABMiller slips

JOHANNESBURG: South Africa's rand strengthened against the dollar on Thursday in a broad rally by emerging assets af

Published 28 Jul, 2016 06:45pm

Financial

Nigerian naira hits all-time low of 334.50 per dollar

ABUJA: Nigeria naira weakened to an all-time low of 334.50 against the dollar on the interbank market on Wednesday, a da

Published 27 Jul, 2016 12:31pm

Financial

South Africa's rand flat in cautious trade ahead of Fed

JOHANNESBURG: South Africa's rand was largely unchanged on Wednesday ahead of a central bank decision on interest ra

Published 27 Jul, 2016 07:37am

Financial

South African rand weaker as risk appetite wanes; retailers buoy stocks

JOHANNESBURG: South Africa's rand retreated on Monday as a stronger dollar boosted by revived bets of an interest ra

Published 25 Jul, 2016 04:35pm

Financial

Egypt's pound weakens on black market amid devaluation talk

CAIRO: The Egyptian pound weakened to an unprecedented 13 to the dollar on the black market on Monday, hit by expectatio

Published 25 Jul, 2016 03:17pm

Financial

Nigeria naira sinks to record closing low; analysts eye rate hike

LAGOS: Nigeria's naira slipped 2.5 percent to a new closing low of 310 per dollar on Monday, failing to lure in loca

Published 25 Jul, 2016 03:09pm

Financial

Nigeria central bank has settled $697mn one-month forward at 280

LAGOS: Nigeria's central bank has settled $697 million of one-month outright currency forwards it sold in June at an

Published 25 Jul, 2016 10:00am

Financial

South Africa's rand firms after rates decision, stocks flat

JOHANNESBURG: South Africa's rand firmed to its strongest in nearly three months against the dollar on Thursday, boo

Published 21 Jul, 2016 04:45pm

Financial

Nigerian naira weakens to 330.50 in off-market trades

LAGOS: Nigeria's naira fell to an all-time low on Thursday, crossing 300 to the dollar for the first time on the int

Published 21 Jul, 2016 03:27pm

Financial

South Africa's rand firms after inflation data, stocks flat

JOHANNESBURG: South Africa's rand firmed against the US dollar on Wednesday after data showing inflation quickened i

Published 20 Jul, 2016 07:42pm

Financial

Nigeria naira at record closing low as dollar shortages linger

LAGOS: Nigeria's naira was stuck at a record closing low of 292.90 to the dollar on Wednesday after just one transac

Published 20 Jul, 2016 03:05pm

Financial

South Africa's rand bounces as Turkey concerns ease

JOHANNESBURG: South Africa's rand strengthened two percent against the U.S. dollar on Monday as concerns over a fail

Published 18 Jul, 2016 04:33pm

Financial

South Africa's rand bounces as emerging markets shake off Turkey coup worries

JOHANNESBURG: South Africa's rand gained nearly two percent early on Monday as emerging markets set aside concerns a

Published 18 Jul, 2016 09:01am

Financial

Nigeria naira at record low a month after central bank lifts FX peg

LAGOS: Nigeria's naira eased 4.3 percent against the dollar on Friday to hit a record low after the central bank sol

Published 15 Jul, 2016 02:17pm

Financial

Ugandan shilling inches up on lower demand for dollars

KAMPALA: The Ugandan shilling edged up on Friday as appetite for hard currency from importers and commercial banks taile

Published 15 Jul, 2016 11:40am

Financial

South Africa's rand gains 2 percent in global risk rally, stocks flat

JOHANNESBURG: South Africa's rand raced to a new two and half month high on Thursday, riding a fresh wave of global

Published 14 Jul, 2016 06:54pm

Financial

South Africa's rand firmer on bets US rates will not rise

JOHANNESBURG: South Africa's rand strengthened slightly against the dollar early on Tuesday, boosted, like other eme

Published 12 Jul, 2016 08:02am

Financial

South Africa's rand, stocks weaker as domestic economy concerns weigh

JOHANNESBURG: South Africa's rand fell 1.6 percent against the dollar early on Tuesday, weighed down by worries abou

Published 05 Jul, 2016 08:39am

Financial

South Africa's rand scales one-week peak, stocks also firmer

JOHANNESBURG: South Africa's rand reached its strongest in more than a week to the dollar on Monday, and was still o

Published 04 Jul, 2016 04:37pm

Financial

South Africa's rand firms, stocks set to open higher

JOHANNESBURG: South Africa's rand firmed in early trade on Monday as it continued its recovery from a Brexit-trigger

Published 04 Jul, 2016 07:49am

Financial

South Africa's rand recovers further from oversold levels after Brexit

JOHANNESBURG: South Africa's rand clawed back further ground against the dollar on Wednesday, pulling back from rece

Published 29 Jun, 2016 07:47am

Financial

Zambia's kwacha jumps 5 percent to 6-week high as firms sell dollars to pay taxes

LUSAKA: Zambia's kwacha climbed as much as 5 percent to its strongest in nearly 6 weeks against the dollar on Wednes

Published 29 Jun, 2016 07:42am

Financial

South Africa's rand gains as risk demand resurfaces, stocks firmer

JOHANNESBURG: South Africa's rand strengthened on Tuesday after two days of losses as emerging assets returned to fa

Published 28 Jun, 2016 06:13pm

Financial

South Africa's rand resumes plunge, stocks lower as Brexit wrongfoots risk assets

JOHANNESBURG: South Africa's rand fell as much as 3 percent against the dollar on Monday as the effects of Britain&#

Published 27 Jun, 2016 06:46pm

Financial

South Africa's rand falls as Brexit aftershocks weigh

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Monday as investors' appetite fo

Published 27 Jun, 2016 08:45am

Financial

Uganda shilling falls as Brexit weighs on confidence

KAMPALA: The Ugandan shilling weakened on Friday, as global fears over the economic ramifications of Britain's vote

Published 24 Jun, 2016 02:11pm

Financial

Kenyan shilling steady on central bank assurances, shares extend losses

NAIROBI: Kenya's shilling was steady on Friday, supported by the central bank's assurance it would step in to ca

Published 24 Jun, 2016 12:15pm

Financial

Nigeria sells 112bn naira treasury bills, yields rise

LAGOS: Nigeria sold 79.45 billion nairas ($282.74 million) of three-month to one-year treasury bills on Wednesday at hig

Published 24 Jun, 2016 11:40am

Financial

South Africa's rand gains on British referendum, stocks flat

JOHANNESBURG: South Africa's rand stretched a recent rally into its fifth day on Thursday, defying technical and fun

Published 23 Jun, 2016 06:59pm

Financial

South Africa's rand firmer, eyes on British referendum

JOHANNESBURG: South Africa's rand extended gains against the dollar in early trade on Thursday as cautious optimism

Published 23 Jun, 2016 07:30am

Financial

South Africa's rand firms after CPI slows, stocks up

JOHANNESBURG: South Africa's rand marked a fourth straight session of gains against the dollar on Wednesday, aided b

Published 22 Jun, 2016 05:39pm

Financial

Kenyan shilling steady, cautious before Brexit vote

NAIROBI: The Kenyan shilling was stable on Wednesday in slow business with many market players staying on the sidelines

Published 22 Jun, 2016 05:02pm

Financial

Nigeria naira ends with first daily gain since peg ditched

LAGOS: Nigeria's naira firmed to close at 281.50 to the dollar on Wednesday, its first daily gain since the central

Published 22 Jun, 2016 02:50pm

Financial

Nigeria naira firms on thin volumes as traders eye dollar liquidity

LAGOS: Nigeria's naira firmed to 281.72 in early trades on Wednesday on thin dollar volumes, traders said, on its th

Published 22 Jun, 2016 10:25am

Financial

Kenyan shilling steady, cautious before Brexit vote

NAIROBI: The Kenyan shilling was stable on Wednesday in slow business with many market players staying on the sidelines

Published 22 Jun, 2016 09:52am

Financial

Ugandan shilling weakens due to higher dollar demand

KAMPALA: The Ugandan shilling weakened on Wednesday as commercial banks bought dollars to cover their positions ahead of

Published 22 Jun, 2016 09:37am

Financial

South Africa's rand steady, caution prevails ahead of British referendum

JOHANNESBURG: South Africa's rand pulled back from seven week highs against the dollar on Wednesday, with traders an

Published 22 Jun, 2016 08:12am

Financial

Nigeria's naira extends losses after currency peg removed

LAGOS: Nigeria's naira weakened against the dollar for a second day on Tuesday after the central bank removed its cu

Published 21 Jun, 2016 10:48am

Financial

Fading Brexit fear fuels rand rise, keeps risk appetite intact

JOHANNESBURG: South Africa's rand extended three days of gains against the dollar on Tuesday, as cautious optimism t

Published 21 Jun, 2016 07:52am

Financial

South Africa's rand, stocks firmer as easing Brexit risk buoys EM

JOHANNESBURG: South Africa's rand strengthened as much as 2.5 percent against the dollar on Monday, buoyed along wit

Published 20 Jun, 2016 04:13pm

Financial

Nigerian naira eases to new low in 1-month forward contracts

LAGOS: Nigeria's naira eased against the dollar in non-deliverable forward markets on Monday, with one-month contrac

Published 20 Jun, 2016 11:59am

Financial

Nigeria's naira plunges in free float

LAGOS: The naira plunged against the US dollar on Monday after Nigeria's government scrapped its fixed exchange rate

Published 20 Jun, 2016 11:41am

Financial

Ugandan shilling weakens due to dollar demand from manufacturing firms

KAMPALA: The Ugandan shilling weakened on Monday, undercut by dollar demand from companies in the manufacturing sector a

Published 20 Jun, 2016 11:20am

Financial

Nigerian naira devalues 23pc after currency peg ends

LAGOS: Nigeria's naira devalued 22.7 percent against the US dollar on Monday as interbank market trading began follo

Published 20 Jun, 2016 10:44am

Financial

Kenyan shilling stable, may weaken from demand by banks and telecoms

NAIROBI: The Kenyan shilling was stable on Monday although expected dollar purchases by commercial banks and telecommuni

Published 20 Jun, 2016 10:34am

Financial

Nigeria's naira weakens vs dollar in NDF market ahead of new FX regime

LONDON: Nigeria's naira slipped across the curve against the dollar in non-deliverable forward markets on Monday, wi

Published 20 Jun, 2016 08:07am

Financial

Rand firms as easing Brexit risk buoys emerging currencies

JOHANNESBURG: South Africa's rand strengthened as much as 1.3 percent against the dollar on Monday, buoyed along wit

Published 20 Jun, 2016 08:06am

Financial

Nigeria's naira to lose up to a third of its value on Monday after float

JOHANNESBURG: Nigeria's naira will lose around a third of its value after the central bank floats the currency and a

Published 17 Jun, 2016 05:09pm

Financial

Nigeria naira firms 2.8pc on parallel market after FX reforms

LAGOS: Nigeria naira firmed to 355 to the dollar on the parallel market on Friday, up 2.8 percent from the previous day

Published 17 Jun, 2016 02:55pm

Financial

Ugandan shilling loses ground on reduced inflows

KAMPALA: The Ugandan shilling weakened on Friday, undermined by a dip in hard currency inflows from charities in the fac

Published 17 Jun, 2016 01:24pm

Financial

No new dollar-naira trades done on Thursday

LAGOS: Nigeria's central bank has not done any new dollar-naira trades on the interbank market on Thursday and did $

Published 16 Jun, 2016 01:20pm

Financial

Nigerian banking shares rise 3.3pc ahead of new FX rule

LAGOS: Nigerian banking shares rose 3.3 percent in early trades on Wednesday ahead of the announcement of the central ba

Published 15 Jun, 2016 11:07am

Financial

South African rand on shaky ground after current account gap widens

JOHANNESBURG: South Africa's rand stayed on the back foot against the dollar early on Wednesday a day after central

Published 15 Jun, 2016 07:07am

Financial

South Africa's rand softer after wider current account deficit, stocks tumble

JOHANNESBURG: South Africa's rand lost ground on Tuesday after the current account widened more than expected in the

Published 14 Jun, 2016 05:48pm

Financial

South Africa's rand steady, focus on current account data

JOHANNESBURG: South Africa's rand steadied early on Tuesday, before the release of current account data later in the

Published 14 Jun, 2016 07:11am

Financial

South Africa's rand firms more than 1pc against dollar

JOHANNESBURG: South Africa's rand firmed more than one percent against the dollar on Monday as the unit recovered fr

Published 13 Jun, 2016 04:13pm

Financial

South Africa's rand gains, stocks down for fourth straight session

JOHANNESBURG: South Africa's rand firmed more than one percent against the dollar on Monday as the unit recovered fr

Published 13 Jun, 2016 03:34pm

Financial

South Africa's rand steady, vulnerable to risk aversion

JOHANNESBURG: South Africa's rand steadied in early trade on Monday, but looked vulnerable to risk aversion before t

Published 13 Jun, 2016 07:32am

Financial

South Africa's rand weakens as traders book profits, stocks down

JOHANNESBURG: South Africa's rand fell more than 2 percent against the dollar on Friday, breaching key technical sup

Published 10 Jun, 2016 05:08pm

Financial

South Africa's rand weakens as traders book profits

JOHANNESBURG: South Africa's rand weakened more than one percent against the dollar on Friday, breaching key technic

Published 10 Jun, 2016 12:00pm

Financial

South Africa's rand slips as growth concerns, US rates weigh

JOHANNESBURG: The rand weakened on Friday as the dollar bounced back from recent weakness, adding pressure further press

Published 10 Jun, 2016 08:12am

Financial

Nigeria's naira falls in NDF market vs dollar

LONDON: Nigeria's naira tumbled against the dollar in the non-deliverable forward markets on Thursday, as uncertaint

Published 09 Jun, 2016 01:38pm

Financial

South Africa's rand stumbles after economy contracts sharply

JOHANNESBURG: South Africa's rand retreated on Thursday as investor confidence was rattled by data showing the econo

Published 09 Jun, 2016 07:35am

Financial

South Africa's rand, bonds rally after Fitch affirms rating

JOHANNESBURG: South Africa's rand rose to its firmest in just over a month on Wednesday while government bonds also

Published 08 Jun, 2016 02:01pm

Financial

South Africa's rand halts rally, GDP data, Fitch review keep market wary

JOHANNESBURG: The rand pulled back from the previous session's four-week highs against the dollar on Wednesday and t

Published 08 Jun, 2016 07:57am

Financial

South Africa's rand reaches firmest in one month, stocks up

JOHANNESBURG: South Africa's rand firmed late on Tuesday as investors continued to push back bets of an interest rat

Published 07 Jun, 2016 06:19pm

Financial

Nigeria naira eases as FX uncertainty spurs dollar buying

LAGOS: Nigeria's naira eased 1.1 percent on the parallel market on Tuesday, as customers trying to hedge against a l

Published 07 Jun, 2016 03:01pm

Financial

South Africa's rand weaker, focus on Fitch, GDP data

JOHANNESBURG: South Africa's rand weakened in early trade on Tuesday as market focus shifted to a rating review from

Published 07 Jun, 2016 08:34am

Financial

South African rand rallies after S&P review, stocks slip

JOHANNESBURG: South Africa's rand rose to its firmest in nearly one month on Monday while government bonds also stre

Published 06 Jun, 2016 04:06pm

Financial

South African rand, bonds rally after S&P review

JOHANNESBURG: South Africa's rand rose to its firmest in nearly one month on Monday while government bonds also stre

Published 06 Jun, 2016 03:15pm

Financial

South Africa's rand weakens as dollar recovers

JOHANNESBURG: South Africa's rand weakened in early trade on Monday and was expected to be volatile as the dollar re

Published 06 Jun, 2016 07:45am

Financial

South African rand firms as risk aversion recedes, stocks climb

JOHANNESBURG: South African assets firmed on Thursday as global investors became less adverse to risk, but the rand look

Published 02 Jun, 2016 07:41pm

Financial

South African rand firms, Nampak leads stocks lower

JOHANNESBURG: South Africa's rand firmed on Wednesday as the dollar pulled back from a recent rally, but traders sai

Published 01 Jun, 2016 10:42pm

Financial

South Africa's rand steadies as traders await crucial data

JOHANNESBURG: South Africa's rand was steady on Tuesday, recouping the previous session's losses against the dol

Published 31 May, 2016 07:14am

Financial

South Africa's rand slips ahead of ratings decisions, stocks to inch up

JOHANNESBURG: South Africa's rand was under pressure on Monday as a likely credit downgrade due in the week weighed

Published 30 May, 2016 10:04am

Financial

South Africa's rand slips on downgrade fears; Bidvest lifts stocks

JOHANNESBURG: South Africa's rand weakened against the dollar on Friday as credit ratings downgrade fears weighed on

Published 27 May, 2016 09:06pm

Financial

South Africa's rand falters as US rate risk resurfaces

JOHANNESBURG: South Africa's rand edged weaker on Friday as risk appetite faded globally before a speech by the Unit

Published 27 May, 2016 09:46am

Financial

South Africa's rand firmer on EM rally, retailers lift bourse

JOHANNESBURG: South Africa's rand firmed late on Thursday as improved global risk appetite helped shift focus away f

Published 26 May, 2016 04:30pm

Financial

South Africa's rand steady, stocks edge up in early trade

JOHANNESBURG: South Africa's rand steadied against the dollar early on Thursday supported by investor appetite for r

Published 26 May, 2016 09:17am

Financial

South Africa's rand firms on risk appetite, vulnerable to ratings downgrade fears

JOHANNESBURG: South Africa's rand firmed to a one-week high against the dollar early on Wednesday on improved risk a

Published 25 May, 2016 09:30am

Financial

South Africa's rand firms on emerging market rally, stocks gain

JOHANNESBURG: South Africa's rand firmed on Tuesday, buoyed by positive sentiment towards emerging markets assets, w

Published 24 May, 2016 05:20pm

Financial

South Africa's rand weakens on US rate hike expectations

JOHANNESBURG: South Africa's rand weakened nearly 1 percent on Monday as the dollar gained on rising expectations of

Published 23 May, 2016 04:56pm

Financial

South Africa's rand rallies, stocks boosted by commodity demand

JOHANNESBURG: South Africa's rand strengthened on Friday, shrugging off renewed dollar strength as technical factors

Published 20 May, 2016 08:22pm

Financial

South Africa's rand steady after central bank holds rates; stocks weaker

JOHANNESBURG: South Africa's rand retreated on Thursday after the central bank kept interest rates on hold, while st

Published 19 May, 2016 08:48pm

Financial

Tanzania, Uganda shillings to ease, Zambia kwacha to firm

NAIROBI: The Tanzanian and Ugandan shillings are expected to weaken in the week to Thursday, while the Zambian kwacha is

Published 19 May, 2016 01:23pm

Financial

South Africa's rand regains ground after slipping on slowing CPI, stocks up

JOHANNESBURG: South Africa's rand regained ground on Wednesday after tumbling more than 2 percent to within a whiske

Published 18 May, 2016 10:36pm

Financial

South Africa's rand slips further after April CPI slows

JOHANNESBURG: South Africa's rand extended losses to its weakest in more than two months on Wednesday while bonds al

Published 18 May, 2016 10:38am

Financial

South Africa's rand climbs after finmin reacts to reports of his arrest, stocks up

JOHANNESBURG: South Africa's rand rallied nearly one percent late on Tuesday after Finance Minister Pravin Gordhan s

Published 17 May, 2016 07:37pm

Financial

South African markets dip on report of finance minister's arrest

JOHANNESBURG: South Africa's rand hit a two-month low against the dollar and government bonds weakened sharply on Mo

Published 16 May, 2016 09:32pm

Financial

South African bonds, rand weaken on finance minister arrest report

JOHANNESBURG: South Africa's rand hit a two-month low against the dollar and government bonds weakened sharply on Mo

Published 16 May, 2016 02:31pm

Financial

Nigerian naira hits new multi-mth lows vs dollar in NDF market

LONDON: Nigeria's naira slipped to its weakest level in months against the dollar in the non-deliverable forward mar

Published 16 May, 2016 10:41am

Financial

South African bonds, rand weaken on finance minister arrest report

JOHANNESBURG: South Africa's rand hit a two-month low against the dollar and government bonds weakened sharply on Mo

Published 16 May, 2016 10:27am

Financial

Kenya shilling stable, seen easing on manufacturer dollar demand

NAIROBI: The Kenyan shilling held steady against the dollar on Friday, but was seen under pressure due to demand from ma

Published 13 May, 2016 02:20pm

Financial

South Africa's rand weakens as US rate hike bets lift dollar

JOHANNESBURG: South Africa's rand fell 1 percent against the dollar on Friday, mainly reflecting the greenback's

Published 13 May, 2016 01:50pm

Financial

Nigerian naira extends losses as speculators take position

LAGOS: Nigeria's naira extended its losses against the greenback on Friday amid a jump in demand for dollars by oil

Published 13 May, 2016 01:11pm

Financial

South Africa's rand, stocks fall as economic growth concerns weigh

JOHANNESBURG: South Africa's rand weakened against the dollar on Thursday and stocks fell as domestic growth concern

Published 12 May, 2016 04:29pm

Financial

Nigeria's naira falls 1.25pc on parallel market after fuel hike

LAGOS: Nigeria's naira currency weakened 1.25 percent to 324 to the dollar on the parallel market on Thursday after

Published 12 May, 2016 11:25am

Financial

South Africa's rand recoups losses, commodities buoy shares

JOHANNESBURG: South Africa's rand firmed against the dollar on Wednesday as the dollar weakened globally but the loc

Published 11 May, 2016 04:37pm

Financial

Rand claws its way back from six week lows, stocks up

JOHANNESBURG: South Africa's rand clawed its way back from six week lows against the dollar on Tuesday as a firmer o

Published 10 May, 2016 10:38pm

Financial

South Africa's rand claws its way back from six week lows, stocks up

JOHANNESBURG: South Africa's rand clawed its way back from six week lows against the dollar on Tuesday as a firmer o

Published 10 May, 2016 05:39pm

Financial

Kenyan shilling under pressure as manufacturers seek dollars

NAIROBI: The Kenyan shilling came under pressure on Tuesday from manufacturing firms seeking dollars while inflows of fo

Published 10 May, 2016 02:28pm

Financial

Egyptian pound stable at Tuesday's auction, stronger on black market

CAIRO: The Egyptian pound was stable at a central bank auction on Tuesday but strengthened slightly on the black market.

Published 10 May, 2016 01:58pm

Financial

South Africa's rand recovers slightly, remains under pressure

JOHANNESBURG: South Africa's rand steadied on Tuesday but remained near one- month lows as gloomy economic prospects

Published 10 May, 2016 07:47am

Financial

South African rand, stocks buckle as commodity slide hurts emerging markets

JOHANNESBURG: South Africa's rand and stocks retreated on Monday after a global commodity selloff and a firmer dolla

Published 09 May, 2016 10:29pm

Financial

South African rand buckles as commodity slide hurts emerging markets

JOHANNESBURG: South Africa's rand retreated more than two percent on Monday after a global commodity selloff and a f

Published 09 May, 2016 03:27pm

Financial

South Africa's rand touches 4-week low, stocks under pressure

JOHANNESBURG: South Africa's rand fell more than 1 percent against the dollar on Friday before recouping the losses,

Published 06 May, 2016 04:57pm

Financial

Kenya's shilling steady, importer dollar demand subdued

NAIROBI: The Kenyan shilling was steady on Thursday due to subdued demand for the dollar by importers who expect the shi

Published 05 May, 2016 01:22pm

Financial

South Africa's rand weakens as firms buy dollars; stocks up

JOHANNESBURG: South Africa's rand reversed earlier gains to hit a four-week low against the dollar on Thursday, weig

Published 05 May, 2016 12:17pm

Financial

South Africa's rand weakens on growth worries, Capitec leads stocks down

JOHANNESBURG: South Africa's rand stumbled 2 percent to its weakest in more than three weeks against the dollar on W

Published 04 May, 2016 09:37pm

Financial

Nigeria to raise 105bn naira bonds on May 11

LAGOS: Nigeria plans to raise 105 billion naira ($527.90 million) in local currency denominated bonds on May 11, the Deb

Published 04 May, 2016 01:54pm

Financial

Egyptian pound stable at Tuesday's auction, weaker on black market

CAIRO: The Egyptian pound was stable at a central bank auction on Tuesday but weakened on the black market. The central

Published 03 May, 2016 03:28pm

Financial

South Africa's rand weakens on import demand, stocks fall

JOHANNESBURG: South Africa's rand fell as much as 1.4 percent against the dollar on Tuesday, weighed down by a combi

Published 03 May, 2016 03:22pm

Financial

South Africa's rand firmer, stocks set to open higher

JOHANNESBURG: South Africa's rand firmed slightly against the dollar early on Tuesday, edging back towards five-mont

Published 03 May, 2016 07:41am

Financial

Nigeria's forex reserves fall 2.68pc to $27.14bn in April

LAGOS: Nigeria's foreign exchange reserves fell by 2.68 percent to $27.14 billion as of April 27 from a month ago, w

Published 29 Apr, 2016 01:38pm

Financial

South Africa's rand races to firmest in a week, stocks inch up

JOHANNESBURG: South Africa's rand resumed a recent rally on Thursday, racing to a one-week high as emerging currenci

Published 28 Apr, 2016 04:48pm

Financial

Weaker dollar boosts South Africa's rand, stocks edge higher

JOHANNESBURG: South Africa's rand reversed earlier losses against the dollar on Tuesday, helped mainly by the greenb

Published 26 Apr, 2016 03:57pm

Financial

South Africa's rand slips as EM rally stalls, stocks up

JOHANNESBURG: South Africa's rand fell as much as 1 percent against the dollar on Monday, weighed down by muted appe

Published 25 Apr, 2016 04:10pm

Financial

Kenyan shilling holds steady, dividend payments eyed

NAIROBI: The Kenyan shilling was unchanged against the dollar on Monday as traders turned their attention to dividend pa

Published 25 Apr, 2016 09:32am

Financial

Ugandan shilling steady, seen gaining in coming days

NAIROBI: The Ugandan shilling held steady on Friday, with month-end inflows and scarce liquidity expected to lend extra

Published 22 Apr, 2016 02:08pm

Financial

South Africa's rand flat, seen weakening in risk averse trade

JOHANNESBURG: South Africa's rand was mostly flat in early trade on Friday, with analysts expecting it to weaken goi

Published 22 Apr, 2016 08:13am

Financial

South Africa's rand slightly softer in early trade, gains possible later

JOHANNESBURG: South Africa's rand traded a touch weaker against the dollar on Thursday, but traders and analysts sai

Published 21 Apr, 2016 09:05am

Financial

South Africa's rand strengthens, stocks scale one-month high

JOHANNESBURG: South Africa's rand remained on the frontfoot on Wednesday, rallying for a third consecutive session a

Published 20 Apr, 2016 04:30pm

Financial

Kenyan shilling gains, helped by commercial bank dollar sales

NAIROBI: Kenya's shilling gained on Wednesday, helped by commercial banks unwinding their dollar positions due to su

Published 20 Apr, 2016 02:57pm

Financial

Egypt pound weaker on black market amid dollar hoarding

CAIRO: Egypt's currency weakened on the black market on Wednesday as traders speculated on a coming devaluation and

Published 20 Apr, 2016 01:55pm

Financial

Ugandan shilling firms, helped by liquidity squeeze

NAIROBI: The Ugandan shilling firmed on Wednesday, helped by commercial banks trimming their greenbacks positions amid d

Published 20 Apr, 2016 08:52am

Financial

South Africa's rand hits 4-month high, stocks inch up

JOHANNESBURG: South Africa's rand rose to its firmest in four months and stocks gained on Tuesday as increased risk

Published 19 Apr, 2016 04:45pm

Financial

Egypt pound stable at central bank sale but falls on black market

CAIRO: Egypt's pound was stable at Tuesday's weekly foreign currency sale, but extended declines on the black ma

Published 19 Apr, 2016 01:34pm

Financial

South Africa's rand recovers, stocks rise as EM's back in favour

JOHANNESBURG: South Africa's rand inched firmer and stocks rose late on Monday as the shock that global oil producer

Published 18 Apr, 2016 04:41pm

Financial

South Africa's rand tumbles as oil prices fall, stocks down

JOHANNESBURG: South Africa's rand weakened against the dollar on Monday in line with other commodity currencies hit

Published 18 Apr, 2016 01:49pm

Financial

Kenyan shilling seen firming on bond sale dollar flows

NAIROBI: Kenyan shilling was steady in early trade on Monday and was expected to gain ground on the back of dollar inflo

Published 18 Apr, 2016 01:48pm

Financial

Egyptian pound weakens on black market on Monday

CAIRO: The Egyptian pound weakened further against the dollar on the black market on Monday, extending its recent declin

Published 18 Apr, 2016 01:33pm

Financial

South Africa's rand firms on retail data, strongest since Dec 9

JOHANNESBURG: South Africa's rand extended gains against the dollar on Wednesday, briefly scaling its strongest leve

Published 13 Apr, 2016 04:04pm

Financial

South African rand firms to third day in a row, stocks flat

JOHANNESBURG: South African's rand firmed for a third consecutive session against the dollar on Tuesday as the green

Published 12 Apr, 2016 08:13am

Financial

Kenyan shilling firms slightly shrugs bank receivership

NAIROBI: Kenya's shilling gained slight ground on Friday, shaking off jitters from a day earlier after the central b

Published 08 Apr, 2016 03:19pm

Financial

Ugandan shilling firms due to low corporate dollar demand

KAMPALA: The Ugandan shilling firmed on Friday, buoyed by a low corporate dollar demand, traders said. At 1119 GMT comme

Published 08 Apr, 2016 02:25pm

Financial

Kenyan, Ghanaian and Zambian currencies to firm, Nigeria's to ease

NAIROBI: Kenyan, Ghanaian and Zambian currencies are expected to gain ground in the next week to Thursday, while Nigeria

Published 07 Apr, 2016 03:23pm

Financial

Uganda shilling stable, slow consumer spending offers support

KAMPALA: The Ugandan shilling was unchanged on Thursday as weak consumer spending continued to dampen appetite for hard

Published 07 Apr, 2016 01:18pm

Financial

Egyptian pound stable at extra official auction as Saudi king visits

CAIRO: Egypt's central bank said it kept the pound stable at 8.78 pounds to the dollar in an extra foreign currency

Published 07 Apr, 2016 01:15pm

Financial

South Africa's rand turns weaker after S&P warns of pressure on credit rating

JOHANNESBURG: South Africa's rand relinquished earlier gains against the dollar on Wednesday, turning weaker after S

Published 06 Apr, 2016 02:59pm

Financial

South African rand weakens after S&P hints at pressure on credit rating

JOHANNESBURG: South Africa's rand relinquished earlier gains against the dollar on Wednesday, turning weaker after S

Published 06 Apr, 2016 08:39am

Financial

Uganda shilling stable, pressure seen from rate cut

KAMPALA: The Ugandan shilling was unchanged on Tuesday although traders expected some depreciation due increased dollar

Published 05 Apr, 2016 01:47pm

Financial

South African rand weakens on growth fears, political risk

JOHANNESBURG: South Africa's rand weakened on Tuesday as a wave of global risk aversion nudged emerging markets lowe

Published 05 Apr, 2016 01:26pm

Financial

South African rand vulnerable to local politics, stocks rise

JOHANNESBURG: South Africa's rand weakened against the dollar on Monday and remained vulnerable to domestic politica

Published 04 Apr, 2016 04:49pm

Financial

Stocks shrug off oil tumble, rand pressured by Zuma crisis

LONDON: South Africa's rand showed pressure from the crisis surrounding President Jacob Zuma on Monday, as other eme

Published 04 Apr, 2016 11:41am

Financial

South Africa's rand vulnerable to political, economic uncertainty

JOHANNESBURG: South Africa's rand was weaker against the dollar in early Monday trade, despite broad-based greenback

Published 04 Apr, 2016 09:03am

Financial

South Africa's rand rallies after president ordered to reimburse state

JOHANNESBURG: South Africa's rand rallied to its firmest in four months on Thursday, shrugging off mixed data after

Published 31 Mar, 2016 04:45pm

Financial

South Africa's rand firmer, stocks set to open lower

JOHANNESBURG: South Africa's rand firmed against the dollar early on Thursday, holding on to its 3-1/2 month high ag

Published 31 Mar, 2016 02:16pm

Financial

Ugandan shilling holds steady due to weak consumer spending

KAMPALA: The Ugandan shilling was stable on Wednesday as weak consumer spending weighed on importer appetite for hard cu

Published 30 Mar, 2016 01:28pm

Financial

Nigeria to raise 219 billion naira in Treasury bills

LAGOS: Nigeria plans to raise 218.89 billion naira ($1.10 billion) in short-dated treasury bills on April 7, the central

Published 30 Mar, 2016 01:01pm

Financial

South Africa's rand rallies to 3-1/2 month high after Yellen's dovish comments

JOHANNESBURG: South Africa's rand rallied to a 3-1/2 month high against the US dollar on Wednesday and government bo

Published 30 Mar, 2016 10:20am

Financial

South Africa's rand firms, stocks weaken

JOHANNESBURG: South Africa's rand gained on Tuesday following the long Easter weekend, rising alongside other emergi

Published 29 Mar, 2016 05:41pm

Financial

Egyptian pound weakens to record against the dollar on black market

CAIRO: The Egyptian pound fell to an unprecedented low on the black market on Monday, five traders said, as hard currenc

Published 28 Mar, 2016 02:30pm

Financial

Kenyan shilling firm this year as deficit shrinks, transfers rise

NAIROBI: Kenya's shilling has held firm against the dollar this year, supported by a shrinking trade deficit, higher

Published 24 Mar, 2016 02:21pm

Financial

Kenyan shilling firm this year as deficit shrinks, transfers rise

NAIROBI: Kenya's shilling has held firm against the dollar this year, supported by a shrinking trade deficit, higher

Published 24 Mar, 2016 10:42am

Financial

South Africa's rand steady, stocks open lower

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Wednesday after a sell-off on Tuesda

Published 23 Mar, 2016 09:09am

Financial

South Africa's rand weakens on Zuma showdown, stocks open flat

JOHANNESBURG: South Africa's rand weakened against the dollar early on Friday as investors turned focus to a politic

Published 18 Mar, 2016 07:57am

Financial

South African rand dips over Gupta row on finmin job

JOHANNESBURG: South Africa's rand fell early Thursday after claims that a wealthy family with close ties to Presiden

Published 17 Mar, 2016 01:50pm

Financial

South Africa's rand recovers ahead of a US Fed rates decision

JOHANNESBURG: South Africa's rand rallied back from three week lows late Wednesday ahead of highly anticipated inter

Published 16 Mar, 2016 05:10pm

Financial

Kenyan shilling stuck in a tight band

NAIROBI: The Kenyan shilling was unchanged on Wednesday and traders said it would be hemmed in a tight range due to expe

Published 16 Mar, 2016 02:40pm

Financial

South African rand, bonds weaken as investors worry over finmin stand-off

JOHANNESBURG: South Africa's rand slid to its weakest in more than two weeks against the dollar on Wednesday as inve

Published 16 Mar, 2016 02:01pm

Financial

South African rand, bonds tumble as police challenge finance minister

JOHANNESBURG: South Africa's rand plunged to its weakest in two weeks and bond yields jumped on Tuesday after police

Published 15 Mar, 2016 08:21pm

Financial

South African rand softer in line with EM currencies, stocks down

JOHANNESBURG: South Africa's rand was softer against the dollar on Tuesday, in nervous trade ahead of a Moody's

Published 15 Mar, 2016 03:20pm

Financial

Kenya shilling steady, agriculture earnings seen supportive

NAIROBI: Kenya's shilling was steady in early trade on Tuesday, supported by expectations of weekly foreign exchange

Published 15 Mar, 2016 03:20pm

Financial

Egypt devalues pound, announces more flexible exchange rate policy

CAIRO: Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate reg

Published 14 Mar, 2016 05:06pm

Financial

South African rand weaker on downgrade fears, stocks rise

JOHANNESBURG: South Africa's rand fell as much as 2.4 percent against the dollar in generally risk averse trade on M

Published 14 Mar, 2016 05:03pm

Financial

South Africa's rand extends losses as weak risk appetite weighs

JOHANNESBURG: South Africa's rand extended losses in afternoon trade on Monday as global risk sentiment waned with s

Published 14 Mar, 2016 02:41pm

Financial

Ugandan shilling unchanged, tax payments keep dollar demand low

KAMPALA: The Ugandan shilling was unchanged on Monday and was seen maintaining stability as most companies concentrate o

Published 14 Mar, 2016 12:51pm

Financial

South African rand weakens as appetite for emerging assets wanes

JOHANNESBURG: South Africa's rand slipped more than one percent against the dollar as appetite for emerging assets w

Published 14 Mar, 2016 10:02am

Financial

Egyptian pound stable in official auction, firmer on black market

CAIRO: The Egyptian pound held steady at an official auction on Sunday but strengthened on the black market after the ce

Published 13 Mar, 2016 11:36am

Financial

South Africa's rand backtracks, stocks slip

JOHANNESBURG: South Africa's rand weakened on Thursday, weighed down by poor economic data, after surrendering brief

Published 10 Mar, 2016 08:56pm

Financial

Egyptian pound stable in official forex auction, firms on black market

CAIRO: The Egyptian pound held steady at an official auction on Thursday but firmed on the black market after the centra

Published 10 Mar, 2016 03:20pm

Financial

South Africa's rand firms to 2-1/2-month high after ECB cuts rates

JOHANNESBURG: South Africa's rand rallied to its firmest since December in afternoon trade on Thursday after the Eur

Published 10 Mar, 2016 02:16pm

Financial

South African rand up in EM rally, stocks fall for 2nd day

JOHANNESBURG: South Africa's rand climbed nearly 2 percent against the dollar on Wednesday as U.S. wholesale data po

Published 09 Mar, 2016 08:23pm

Financial

South Africa's rand up 1pc as US data boosts EM currencies

JOHANNESBURG: South Africa's rand climbed 1 percent against the dollar on Wednesday as US wholesale inventories data

Published 09 Mar, 2016 04:35pm

Financial

Egyptian pound strengthens on black market after exceptional auction

CAIRO: The Egyptian pound strengthened significantly on the black market on Tuesday, two days after the central bank inj

Published 08 Mar, 2016 02:50pm

Financial

South Africa's rand drifts lower ahead of current account data

JOHANNESBURG: South Africa's rand ended a two-day run of gains against the dollar on Tuesday, drifting half a percen

Published 08 Mar, 2016 07:43am

Financial

Egyptian pound steady at auction, weakens on black market

CAIRO: The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakene

Published 03 Mar, 2016 08:53pm

Financial

Ugandan shilling unchanged but seen firming on debt sale

KAMPALA: The Ugandan shilling was flat on Wednesday although market players were anticipating a boost from dollar inflow

Published 02 Mar, 2016 01:50pm

Financial

An African country has nine currencies

How the country functions without a local currency? Imagine one's local currency collapses and not even your local s

Published 01 Mar, 2016 06:17am

Financial

Ugandan shilling firms, Treasury bond inflows help

KAMPALA: The Ugandan shilling was slightly stronger on Friday, helped by inflows from offshore investors buying Ugandan

Published 26 Feb, 2016 02:08pm

Financial

South Africa's rand recovers, Sibanye hits record high as stocks climb

JOHANNESBURG: South Africa's rand recovered on Thursday after plunging on Wednesday when a budget speech by the fina

Published 25 Feb, 2016 05:03pm

Financial

Nigerian naira weakens on sudden surge in dollar demand

LAGOS: Nigeria's naira weakened against the dollar on the parallel market on Thursday as speculators took advantage

Published 25 Feb, 2016 04:11pm

Financial

US dollar liquidity tightens in Gulf after downgrades

DUBAI: US dollars are becoming more difficult and expensive to obtain in Gulf money markets since Standard & Poor&#3

Published 25 Feb, 2016 01:49pm

Financial

Ugandan shilling strengthens, helped by debt sale

KAMPALA: The Ugandan shilling posted strong gains on Thursday, helped by inflows from offshore investors participating i

Published 25 Feb, 2016 01:44pm

Financial

Kenyan shilling holds steady, shares inch up

NAIROBI: Kenya's shilling was steady on Wednesday and traders said they expected it to firm slightly in coming days,

Published 24 Feb, 2016 03:53pm

Financial

Parallel naira soars after Nigeria rules out devaluation

LAGOS: Nigeria's naira firmed sharply on the parallel market on Wednesday as retail traders, having anticipated a cu

Published 24 Feb, 2016 03:33pm

Financial

Nigeria's naira peg appears untenable

LAGOS: Nigeria's pegged exchange rate policy appears unsustainable and undermines government efforts to attract inve

Published 23 Feb, 2016 09:17pm

Financial

Kenyan shilling holds steady, stocks rise

NAIROBI: Kenya's shilling was steady on Tuesday and traders said it was seen easing slightly in the next few days du

Published 23 Feb, 2016 03:34pm

Financial

Ugandan shilling stable, seen gaining from Treasury bond sale

KAMPALA: The Ugandan shilling was stable on Tuesday on the back of thin appetite for the greenback, but was expected to

Published 23 Feb, 2016 01:37pm

Financial

Egyptian pound steady at forex sale, weaker on black market

CAIRO: The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened

Published 23 Feb, 2016 12:51pm

Financial

Nigeria naira gains second day on parallel market

LAGOS: Nigeria's naira firmed on the parallel market against the US dollar for the second day on Tuesday after Presi

Published 23 Feb, 2016 12:48pm

Financial

South Africa's rand near 2-month highs, further gains hinge on budget

JOHANNESBURG: The South African rand reached its strongest level in two months against the dollar on Tuesday, although t

Published 23 Feb, 2016 08:37am

Financial

South Africa's rand scales 8-week highs, stocks rise

JOHANNESBURG: South Africa's rand firmed to an eight-week high against the dollar on Monday as investors returned to

Published 22 Feb, 2016 04:54pm

Financial

Kenyan shilling firms slightly, shares fall

NAIROBI: Kenya's shilling was a touch stronger against the dollar on Monday, helped by off-shore inflows. Stocks wer

Published 22 Feb, 2016 03:52pm

Financial

Nigeria naira firms on parallel market after president rejects devaluation

LAGOS: Nigeria's naira firmed sharply to 375 on the parallel market on Monday after importers started to reduce dema

Published 22 Feb, 2016 03:42pm

Financial

Nigeria's naira firms on parallel market as dollar demand slows

LAGOS: Nigeria's naira firmed sharply to 375 on the parallel market on Monday after importers started to reduce dema

Published 22 Feb, 2016 02:13pm

Financial

South Africa's rand hits 7-week high, stocks fall

JOHANNESBURG: South Africa's rand firmed to a seven-week high against the dollar on Thursday supported by expectatio

Published 18 Feb, 2016 09:59pm

Financial

Egyptian pound steady at forex sale, black market under pressure

CAIRO: The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market trader

Published 18 Feb, 2016 03:45pm

Financial

South Africa's rand bucks stronger global trend, stocks open firmer

JOHANNESBURG: South Africa's rand gave up gains notched up overnight in early trade on Thursday, bucking a stronger

Published 18 Feb, 2016 01:28pm

Financial

South Africa's rand strongest this year on rate hike bets

JOHANNESBURG: South Africa's rand strengthened more than two percent to its strongest level this year on Wednesday a

Published 17 Feb, 2016 04:59pm

Financial

Kenyan shilling steady, Safaricom helps shares rise

NAIROBI: Kenya's shilling was flat against the dollar on Wednesday, helped by weak demand for the US currency.At the

Published 17 Feb, 2016 04:21pm

Financial

South Africa's rand firms, Glencore leads stocks higher

JOHANNESBURG: South Africa's rand strengthened on Wednesday as higher-than-expected inflation bolstered the case for

Published 17 Feb, 2016 04:18pm

Financial

Nigerian naira falls again on black market with dollars scarce

LAGOS: The Nigerian naira fell to a record low on the black market on Tuesday, with dollars scarce and speculation rife

Published 16 Feb, 2016 04:09pm

Financial

Kenyan shilling flat against the dollar, shares inch down

NAIROBI: The Kenyan shilling held steady against the dollar amid thin volumes on Tuesday, with traders expecting it to r

Published 16 Feb, 2016 02:46pm

Financial

Egyptian pound steady at forex sale, weaker on black market

CAIRO: The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened

Published 16 Feb, 2016 01:32pm

Financial

South Africa's rand backtracks against firmer dollar, stocks flat

JOHANNESBURG: South Africa's rand was weaker in early trade on Tuesday, giving up some of the gains triggered by the

Published 16 Feb, 2016 08:46am

Financial

Egyptian pound falls to 9 against dollar in black market trade

CAIRO: The Egyptian pound weakened to 9 against the dollar on the black market for the first time ever on Monday from 8.

Published 15 Feb, 2016 03:21pm

Financial

Kenyan shilling stable, shares inch up

NAIROBI: The Kenyan shilling held steady against the dollar on Monday, helped by sluggish demand for the US currency. Sh

Published 15 Feb, 2016 03:13pm

Financial

Nigerian naira hits record low of 345 vs dollar

LAGOS: Nigeria's naira weakened to a record 345 to the dollar on the parallel market on Monday, increasing pressure

Published 15 Feb, 2016 03:12pm

Financial

Kenyan shilling steady, seen firming

NAIROBI: Kenya's shilling was steady on Friday and traders said they saw it gaining ground, helped by muted dollar d

Published 12 Feb, 2016 09:59am

Financial

South Africa's rand slides as President's speech disappoints

JOHANNESBURG: South Africa's rand weakened on Friday after President Jacob Zuma's state-of-the-nation address th

Published 12 Feb, 2016 07:37am

Financial

South Africa's rand firmer as dollar weakens, stocks track global markets lower

JOHANNESBURG: South Africa's rand firmed against the dollar on Thursday, buoyed by a weaker greenback that was hurt

Published 11 Feb, 2016 09:20pm

Financial

South Africa's rand softer as nervous market awaits Zuma speech

JOHANNESBURG: South Africa's rand gave back some of the previous day's gains on Thursday as investors fretted ab

Published 11 Feb, 2016 02:09pm

Financial

Kenya's shilling steady, seen rangebound

NAIROBI: Kenya's shilling was flat on Thursday and was expected to remain rangebound during the session on thin trad

Published 11 Feb, 2016 02:03pm

Financial

Ugandan shilling stable, dollar demand low

KAMPALA: The Ugandan shilling was flat on Thursday due to low dollar demand from both corporate clients and commercial b

Published 11 Feb, 2016 01:17pm

Financial

Egyptian pound weakens on black market, steady at official auction

CAIRO: The Egyptian pound slipped further on the black market on Thursday, piling more pressure on the central bank to d

Published 11 Feb, 2016 12:58pm

Financial

South Africa's rand gains for 2nd straight day, stocks inch up

JOHANNESBURG: South Africa's rand gained for the second straight day against the dollar on Wednesday as fears about

Published 10 Feb, 2016 08:54pm

Financial

Kenya's shilling ends flat after retreating from early gains

NAIROBI: Kenya's shilling ended almost unchanged on Wednesday, after giving up initial gains on the back of dollar i

Published 10 Feb, 2016 03:45pm

Financial

Nigerian naira down on dollar scarcity, stocks up

LAGOS: Nigeria's naira fell on the parallel market on Wednesday on strong demand for dollars from importers amid dwi

Published 10 Feb, 2016 03:38pm

Financial

Ugandan shilling weakens, dollar demand from banks picks up

KAMPALA: The Ugandan shilling weakened on Tuesday due to increased dollar demand from commercial banks, traders said.At

Published 09 Feb, 2016 12:53pm

Financial

Egyptian pound marginally weaker on black market, steady at official auction

CAIRO: The Egyptian pound continued to weaken on the black market on Tuesday, piling more pressure on the central bank t

Published 09 Feb, 2016 12:41pm

Financial

South Africa's rand slides, stocks snap three days of gains

JOHANNESBURG: South Africa's rand weakened on Monday, extending Friday's sell-off as investors shed risky assets

Published 08 Feb, 2016 08:21pm

Financial

Ugandan shilling steady amid thin exporter inflows

KAMPALA: The Uganda shilling was steady on Monday, supported by weak dollar inflows from exporters.At 0943 GMT commercia

Published 08 Feb, 2016 01:53pm

Financial

Egyptian pound slips further on black market, official rate unchanged

CAIRO: The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to

Published 07 Feb, 2016 08:05pm

Financial

South Africa's rand flat ahead of US jobs data

JOHANNESBURG: South Africa's rand weakened slightly early on Friday, pausing a rally that has seen the unit trade be

Published 05 Feb, 2016 11:09am

Financial

Kenya's shilling steady, helped by some offshore inflows

NAIROBI: Kenya's shilling was steady in early trading on Friday, with some offshore dollar inflows offering support.

Published 05 Feb, 2016 10:55am

Financial

Ugandan shilling edges up as banks sell dollars

KAMPALA: The Ugandan shilling inched up on Friday after banks sold dollars due to sluggish importer demand for the green

Published 05 Feb, 2016 10:05am

Financial

Ugandan shilling steady as banks trim dollar positions

KAMPALA: The Ugandan shilling was steady on Thursday, supported by commercial banks which have been trimming long dollar

Published 04 Feb, 2016 02:21pm

Financial

South Africa's rand slightly weaker, eyes US jobs data

JOHANNESBURG: South Africa's rand weakened on Wednesday as sentiment toward risky assets remained subdued with rate

Published 03 Feb, 2016 05:10pm

Financial

Kenyan shilling holds steady, shares inch up

NAIROBI: The Kenyan shilling held steady against the dollar on Tuesday while shares eked out meager gains.At the 1330 GM

Published 02 Feb, 2016 03:56pm

Financial

South Africa's rand weakens on China data, stocks slip

JOHANNESBURG: South Africa's rand weakened on Monday, succumbing to a dim domestic and global outlook as it swung ba

Published 01 Feb, 2016 10:18pm

Financial

South Africa's rand weakens on China data, stocks open firmer

JOHANNESBURG: South Africa's rand edged weaker against the dollar on Monday as further signs of economic weakness in

Published 01 Feb, 2016 09:01am

Financial

Egyptian pound steady at forex sale, stronger on black market

CAIRO: The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but strengthe

Published 31 Jan, 2016 11:25am

Financial

Kenyan shilling flat against the dollar

NAIROBI: The Kenyan shilling was steady against the dollar on Thursday, mainly due to weak demand for the US currency.Th

Published 28 Jan, 2016 04:06pm

Financial

Egyptian pound steady at forex sale, falling on black market

CAIRO: The Egyptian pound was steady against the dollar at the official foreign currency auction on Thursday but plunged

Published 28 Jan, 2016 01:06pm

Financial

South Africa's rand rises on cautious Fed, investors eye SARB rate hike

JOHANNESBURG: South Africa's rand firmed on Thursday as investor appetite for emerging markets improved slightly fol

Published 28 Jan, 2016 12:10pm

Financial

Kenyan shilling strengthens slightly against the dollar

NAIROBI: The Kenyan shilling strengthened slightly on Wednesday as demand for dollars remained subdued.At the 1330 GMT c

Published 27 Jan, 2016 02:02pm

Financial

Ugandan shilling unchanged as demand curbed ahead of election

KAMPALA: The Ugandan shilling was steady on Wednesday as hard currency buyers continued to stay on the sidelines, possib

Published 27 Jan, 2016 01:09pm

Financial

Dollar surges against Egyptian pound after central bank raises cap on deposits

CAIRO: The dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raise

Published 27 Jan, 2016 12:53pm

Financial

South Africa's rand firmer, but will struggle to sustain gains

JOHANNESBURG: South Africa's rand was a tad firmer against the dollar on Wednesday, in a market anticipating an inte

Published 27 Jan, 2016 07:29am

Financial

South Africa's rand gains, but pressure seen ahead of central bank decision

JOHANNESBURG: South Africa's rand reversed earlier losses against the dollar on Tuesday, taking its cue mainly from

Published 26 Jan, 2016 10:03pm

Financial

Kenyan shilling treads water, dollar demand muted

NAIROBI: The Kenyan shilling strengthened marginally on Tuesday amid limited corporate demand for dollars. Stocks were d

Published 26 Jan, 2016 04:53pm

Financial

Egyptian pound steady at forex sale, weaker on black market

CAIRO: Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tue

Published 26 Jan, 2016 12:59pm

Financial

South Africa's rand weakens as global market sell: off resumes

JOHANNESBURG: South Africa's rand weakened in early trade on Tuesday as an oil price plunge swung global markets awa

Published 26 Jan, 2016 09:33am

Financial

Nigeria naira flat, stocks gain as central bank meets on rates

LAGOS: Nigeria's naira traded flat on Monday while stocks gained for the fourth day as domestic investors snapped up

Published 25 Jan, 2016 04:14pm

Financial

Kenyan shilling steady, seen in a tight range

NAIROBI: The Kenyan shilling was unchanged on Monday and traders said it was likely to be stuck in a narrow band for the

Published 25 Jan, 2016 03:19pm

Financial

Egyptian pound steady at forex sale, strengthened on black market

CAIRO: Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sun

Published 24 Jan, 2016 11:48am

Financial

Egyptian pound steady at forex sale, weaker on black market

CAIRO: Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Thu

Published 21 Jan, 2016 11:34am

Financial

South Africa's rand weakens after inflation jumps, stocks to inch up

JOHANNESBURG: South Africa's rand sank on Thursday, pressured by data that showed inflation had jumped in December a

Published 21 Jan, 2016 07:31am

Financial

Kenyan shilling firms against dollar, stocks fall

NAIROBI: The Kenyan shilling was a touch weaker against the dollar on Wednesday, supported by expectations from some inv

Published 20 Jan, 2016 04:30pm

Financial

Ugandan shilling stable, liquidity scarcity offers support

KAMPALA: The Ugandan shilling was stable on Wednesday, as last week's payments of mid-month tax obligations helped d

Published 20 Jan, 2016 01:06pm

Financial

South Africa's rand firm, stocks snap four day losing streak on China stimulus hopes

JOHANNESBURG: South Africa's rand firmed on Tuesday, by as much as 1-1/2 percent at one stage, after data showing Ch

Published 19 Jan, 2016 04:29pm

Financial

Kenyan shilling eases on low interbank rates, stocks up

NAIROBI: The Kenyan shilling was lost ground against the dollar on Tuesday, hurt by a drastic fall in interbank lending

Published 19 Jan, 2016 03:39pm

Financial

South Africa's rand and bonds firm on hopes of China stimulus

JOHANNESBURG: South Africa's rand gained more than one percent against the dollar on Tuesday on hopes for a stimulus

Published 19 Jan, 2016 01:26pm

Financial

Ugandan shilling weakens after a central bank liquidity injection

KAMPALA: The Ugandan shilling weakened on Tuesday, hurt by an injection of liquidity into the interbank market by the ce

Published 19 Jan, 2016 01:21pm

Financial

Egyptian pound steady at forex sale, on black market

CAIRO: Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tue

Published 19 Jan, 2016 01:05pm

Financial

South Africa's rand firms as investors trim long dollar positions

JOHANNESBURG: South Africa's rand gained against the dollar early on Tuesday and could continue to benefit from inve

Published 19 Jan, 2016 08:59am

Financial

South Africa's rand recovers, stocks dip as European shares fall

JOHANNESBURG: South Africa's rand firmed on Monday as intervention by China's central bank in the yuan currency

Published 18 Jan, 2016 05:10pm

Financial

Ugandan shilling strengthens as tax payments trim dollar demand

KAMPALA: The Ugandan shilling firmed on Monday, helped by weakening dollar demand from corporate clients who used some o

Published 18 Jan, 2016 01:11pm

Financial

China's anti-speculation move supports the rand, stocks set to open firmer

JOHANNESBURG: South Africa's rand edged up against the dollar in early trade on Monday, after China's central ba

Published 18 Jan, 2016 08:48am

Financial

Kenyan shilling steady, stocks up slightly

NAIROBI: Kenya's shilling was steady on Friday and traders said it was expected to ease next week due to increased d

Published 15 Jan, 2016 02:43pm

Financial

South African rand recovers after sharp fall, stocks rise

JOHANNESBURG: South Africa's rand snapped a six-session losing streak against the dollar on Tuesday, recovering from

Published 12 Jan, 2016 03:52pm

Financial

South African rand plunges as investors fret over economy, politics

JOHANNESBURG: South Africa's rand plummeted to a record low on Monday as global concerns about China's economy a

Published 11 Jan, 2016 08:04pm

Financial

Naira at record low on unofficial market after central bank halts dollar sales

LAGOS: Nigeria's naira currency was quoted at a record low of 282 per dollar on the unofficial market on Monday afte

Published 11 Jan, 2016 07:42pm

Financial

Kenya shilling weakens, corporate dollar demand emerges

NAIROBI: Kenya's shilling weakened modestly on Monday as demand for dollars emerged from oil firms and manufacturers

Published 11 Jan, 2016 04:03pm

Financial

South African rand hits record low as confidence drains away

JOHANNESBURG: The South African rand hit new record lows against the dollar on Monday, reflecting the country's grow

Published 11 Jan, 2016 01:31pm

Financial

Saudi currency stable: monetary chief

RIYADH: Saudi Arabia on Monday said its currency was stable despite volatility in the futures market as the kingdom take

Published 11 Jan, 2016 01:17pm

Financial

South African rand hits all-time low, shares fall in emerging market sell-off

JOHANNESBURG: The South African rand fell to a record low against the dollar on Thursday, despite a generally weaker gre

Published 07 Jan, 2016 09:36pm

Financial

Kenyan shilling inches up, main share index down

NAIROBI: The Kenyan shilling edged up on Thursday, benefiting from the drop in the price of oil and the East African nat

Published 07 Jan, 2016 04:44pm

Financial

Saudi riyal falls near to record low in 1-year forwards market

DUBAI: The Saudi Arabian riyal fell near to a record low aginst the US dollar in the one-year forwards market on Thursda

Published 07 Jan, 2016 09:27am

Financial

South African rand breaches 16.0000 in emerging market sell-off

JOHANNESBURG: South Africa's rand fell nearly 1 percent against the dollar on Thursday, sliding towards December&#39

Published 07 Jan, 2016 07:24am

Financial

Ugandan shilling stable, demand from energy importers eyed

KAMPALA: The Ugandan shilling was little changed on Wednesday and traders said demand for dollars by energy importers co

Published 06 Jan, 2016 01:20pm

Financial

South African rand at 3-1/2 week lows, stocks open weaker

JOHANNESBURG: South Africa's rand fell as much as 0.8 percent against the dollar early on Wednesday, reaching its we

Published 06 Jan, 2016 08:39am

Financial

Kenyan shilling steady, seen range-bound

NAIROBI: Kenya's shilling was steady on Wednesday and traders said it was expected to stay in a tight band until all

Published 06 Jan, 2016 08:11am

Financial

Kenyan shilling seen firming, shares extend losses

NAIROBI: The Kenyan shilling was broadly stable on Tuesday and traders said it could strengthen in the days ahead, helpe

Published 05 Jan, 2016 03:44pm

Financial

Egyptian pound steady at forex sale and black market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency au

Published 03 Jan, 2016 12:52pm

Financial

Nigerian naira down 10pc yr/yr, stocks fall 17pc

LAGOS: The Nigerian naira closed little changed against the dollar on both the parallel and interbank market on Thursday

Published 31 Dec, 2015 07:26pm

Financial

Egyptian pound steady at official auction and black market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency au

Published 31 Dec, 2015 03:42pm

Financial

Ugandan shilling unchanged on low demand, seen marginally weaker

KAMPALA: The Ugandan shilling was unchanged on Thursday amid mild demand for the dollar, though traders said it could fa

Published 31 Dec, 2015 03:14pm

Financial

South Africa's rand slips, stocks weaker

JOHANNESBURG: South Africa's rand weakened by more than half a percent on Thursday as the dollar extended gains on t

Published 31 Dec, 2015 03:12pm

Financial

South Africa's rand falls sharply, stocks down

JOHANNESBURG: South Africa's rand weakened more than one percent in thin trade on Wednesday, under pressure from a s

Published 30 Dec, 2015 08:33pm

Financial

South Africa's rand slips more than 1pc as dollar recovers

JOHANNESBURG: South Africa' weakened more than one percent in thin trade on Wednesday under pressure from a strength

Published 30 Dec, 2015 04:05pm

Financial

Egyptian pound steady at forex sale and black market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency au

Published 29 Dec, 2015 01:31pm

Financial

Ugandan shilling weakens on low inflows, demand from banks

KAMPALA: The Ugandan shilling weakened on Tuesday, undermined by a scarcity of dollars and strong end-of-month demand fr

Published 29 Dec, 2015 01:14pm

Financial

South Africa rand, bonds steady in early trade

JOHANNESBURG: South Africa's rand held steady in early trade on Tuesday, with the market waiting for domestic trade

Published 29 Dec, 2015 07:45am

Financial

South Africa rand, stocks sink on renewed China jitters

JOHANNESBURG: South African stocks followed European and Asian markets lower on Monday, snapping a week of gains after a

Published 28 Dec, 2015 04:26pm

Financial

Ugandan shilling sags on demand from commercial banks, central bank

KAMPALA: The Ugandan shilling weakened on Monday, undermined by heavy demand from commercial banks and the central bank

Published 28 Dec, 2015 02:50pm

Financial

Egyptian pound steady at official currency sale and on black market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 pounds to the dollar at its official foreign currency au

Published 27 Dec, 2015 11:03am

Financial

South Africa's rand slips, stocks ride global rally higher

JOHANNESBURG: South Africa's rand weakened on Wednesday as the dollar edged higher after data showed the U.S. econom

Published 23 Dec, 2015 04:25pm

Financial

South Africa's rand on the back foot in subdued trade, stocks open firmer

JOHANNESBURG: South Africa's rand edged down after briefly making gains against the dollar in early trade on Wednesd

Published 23 Dec, 2015 08:05am

Financial

South Africa's rand consolidates gains, gold lifts stocks

JOHANNESBURG: South Africa's rand firmed on Monday in thin holiday season trade, extending modest gains notched up s

Published 21 Dec, 2015 04:49pm

Financial

Ugandan shilling strengthens on inflows from NGOs

KAMPALA: The Ugandan shilling posted gains on Monday as inflows from non-governmental organisations (NGOs) met with flat

Published 21 Dec, 2015 01:26pm

Financial

Egyptian pound steady at forex sale and on black market

CAIRO: The Egyptian pound held steady at an official foreign currency auction on Sunday and on the black market.Egypt, w

Published 20 Dec, 2015 12:53pm

Financial

Kenya's shilling steady, stocks edge lower

NAIROBI: Kenya's shilling was steady on Thursday, hovering near the level of 102.50 to the dollar where the central

Published 17 Dec, 2015 03:53pm

Financial

Naira falls to new lows on unofficial market as banks cut dollar limit

LAGOS: Nigeria's central bank advised commercial banks to limit how much customers can spend abroad using their debi

Published 17 Dec, 2015 03:46pm

Financial

Ugandan shilling weakens on US interest rate rise

KAMPALA: The Ugandan shilling was weaker on Thursday due to negative sentiment in the local currency after a rise in US

Published 17 Dec, 2015 01:13pm

Financial

Kenya's shilling eases, stocks close higher

NAIROBI: Kenya's shilling eased on Wednesday due to increased dollar demand from companies across all sectors to mee

Published 16 Dec, 2015 04:26pm

Financial

Naira at new low on unofficial market, central bank rations dollars

LAGOS: Nigeria's naira fell 1.5 percent to a new low of 265 to the dollar on the unofficial market on Wednesday afte

Published 16 Dec, 2015 04:16pm

Financial

Ugandan shilling a notch stronger after central bank rate hold

KAMPALA: The Ugandan shilling was a touch stronger after the central bank maintained its tight monetary policy stance on

Published 16 Dec, 2015 01:29pm

Financial

Egyptian pound steady at forex auction, weaker on black market

CAIRO: The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the bl

Published 15 Dec, 2015 02:36pm

Financial

Ugandan shilling firms on interbank selling, NGO dollar flows

KAMPALA: The Ugandan shilling clawed back some of its recent losses on Tuesday, helped by interbank selling of dollars a

Published 15 Dec, 2015 02:32pm

Financial

South Africa's rand recovers after Gordhan calms markets

JOHANNESBURG: South Africa's rand extended its rally on Tuesday from the previous session, firming to well below the

Published 15 Dec, 2015 02:30pm

Financial

South Africa rand depreciation not fanning inflation so far: IMF

WASHINGTON: South Africa's depreciating currency has so far had little impact on inflation and a floating exchange r

Published 14 Dec, 2015 10:00pm

Financial

Uganda shilling hit by manufacturers, energy firms seeking dollars

KAMPALA: The Ugandan shilling extended its losses on Monday, hurt by demand for foreign exchange from manufacturers and

Published 14 Dec, 2015 02:01pm

Financial

South Africa's rand, stocks gain after Gordhan named as finance minister

JOHANNESBURG: South Africa's rand leapt on Monday after President Jacob Zuma named Pravin Gordhan as finance ministe

Published 14 Dec, 2015 10:16am

Financial

Ugandan shilling weakens due to interbank dollar demand

KAMPALA: The Ugandan shilling fell sharply on Friday, hurt by strong dollar demand by banks looking to cover short posit

Published 11 Dec, 2015 02:39pm

Financial

South African rand hits record low, bank stocks plummet on finmin sacking

JOHANNESBURG: South Africa's rand weakened to a new record low on Friday, slumping more than 3 percent in a sell-off

Published 11 Dec, 2015 02:35pm

Financial

Nigeria tightens rules for retail bureaux de change, naira falls

LAGOS: Nigeria's central bank on Friday revised the rules for operating retail bureaux de change in a bid to tighten

Published 11 Dec, 2015 01:17pm

Financial

Kenyan shilling flat; main stock index falls

NAIROBI: Kenya's shilling was unchanged on Thursday, with corporate demand for dollars subdued ahead of the Christma

Published 10 Dec, 2015 09:47pm

Financial

Ugandan shilling weaker as banks, energy buy dollars

KAMPALA: The Ugandan shilling ceded ground on Thursday, hurt by dollar demand from commercial banks and energy importers

Published 10 Dec, 2015 02:31pm

Financial

Nigerian naira weakens 0.59pc on dollar shortage

LAGOS: Nigeria's naira weakened further in the parallel market on Thursday, down 0.59 percent after the central bank

Published 10 Dec, 2015 01:26pm

Financial

Nigerian naira weakens 0.59pc on dollar shortage

LAGOS: Nigeria's naira weakened further in the parallel market on Thursday, down 0.59 percent after the central bank

Published 10 Dec, 2015 01:26pm

Financial

Naira hits low of 251/$ on unofficial market, dollar reserves fall

LAGOS: Nigeria's naira fell 2 percent to a low of 251 to the dollar on the unofficial market on Wednesday as the cen

Published 09 Dec, 2015 02:14pm

Financial

Ugandan shilling posts gains on inflows for debt auction

KAMPALA: The Ugandan shilling gained ground against the dollar on Wednesday, boosted by hard currency inflows from offsh

Published 09 Dec, 2015 02:08pm

Financial

South Africa's rand hits record low, Anglo leads stocks down

JOHANNESBURG: South Africa's rand hit a new low against the dollar on Tuesday, falling more than 1.2 percent after t

Published 08 Dec, 2015 10:54pm

Financial

Egyptian pound steady at forex auction, dips on black market

CAIRO: The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the bl

Published 08 Dec, 2015 02:21pm

Financial

Ugandan shilling stable for second day, eyes key rate decisions

KAMPALA: The Ugandan shilling was stable for a second consecutive day on Tuesday, amid slow trading and expectations the

Published 08 Dec, 2015 12:56pm

Financial

South Africa's rand at a record low, stocks rebound

JOHANNESBURG: South Africa's rand hit a record low against a strong dollar on Monday as the first U.S. Federal Reser

Published 07 Dec, 2015 09:58pm

Financial

Ugandan shilling stable on slowing importer activity

KAMPALA: The Ugandan shilling was flat on Monday with weaker import activity hurting dollar demand and supporting the lo

Published 07 Dec, 2015 02:08pm

Financial

Nigeria naira reaches 250/$, recovering from Friday's low, on unofficial market

LAGOS: Nigeria's currency traded at 250 naira on the unofficial market on Monday, just up from Friday's low of 2

Published 07 Dec, 2015 01:13pm

Financial

Kenyan shilling firm, offshore investors eye bond

NAIROBI: Kenya's shilling was steady in early trading on Monday, amid limited corporate appetite for dollars and hel

Published 07 Dec, 2015 09:03am

Financial

Egyptian pound steady at forex sale, stronger on black market

CAIRO: The Egyptian pound held steady at an official foreign currency auction on Sunday and strengthened slightly on the

Published 07 Dec, 2015 12:57am

Financial

South Africa's rand drops on Yellen's hawkish comments, stocks open lower

JOHANNESBURG: South Africa's rand fell in early trade on Thursday as the dollar gained after Federal Reserve chair J

Published 03 Dec, 2015 08:35am

Financial

Kenyan shilling holds steady, shares edge up

NAIROBI: The Kenyan shilling was stable on Wednesday, with trade slowing in the build-up to the traditionally quiet Chri

Published 02 Dec, 2015 03:38pm

Financial

South Africa's rand hits another record low, stocks ease

JOHANNESBURG: South Africa's rand briefly touched an all-time low against the greenback despite broad based dollar w

Published 01 Dec, 2015 08:07pm

Financial

Kenyan shilling holds steady, main share index falls

NAIROBI: The Kenyan shilling barely moved on Tuesday, with traders expecting the local currency to stay in a tight range

Published 01 Dec, 2015 02:58pm

Financial

South African rand touches fresh lows in nervous trade ahead of ratings review

JOHANNESBURG: The rand fell to an all-time low against the greenback despite broadbased dollar weakness on Tuesday, with

Published 01 Dec, 2015 02:57pm

Financial

South Africa's rand falls to record low, stocks flat

JOHANNESBURG: South Africa's rand fell through a series of record lows against the dollar on Monday, knocked back la

Published 30 Nov, 2015 06:04pm

Financial

Ugandan shilling stable; corporate dollar demand may weigh

KAMPALA: The Ugandan shilling was unchanged on Monday but traders said demand for dollars could inch up later in the wee

Published 30 Nov, 2015 03:43pm

Financial

Kenyan shilling steady, main share index up

NAIROBI: The Kenyan shilling was barely moved on Monday, remaining within its recent range, while the benchmark share in

Published 30 Nov, 2015 03:07pm

Financial

Egyptian pound steady at first forex auction under new central bank governor

CAIRO: Egypt's central bank held the pound steady at 7.7301 pounds to the dollar on Sunday at the first official for

Published 29 Nov, 2015 11:55am

Financial

South Africa's rand weakens on US rate outlook; stocks weaker

JOHANNESBURG: The rand fell to its weakest in nearly two weeks against the dollar on Friday, and analysts expect further

Published 27 Nov, 2015 08:07pm

Financial

South Africa's rand weakens as investors bet on Fed hike, stocks up

JOHANNESBURG: South Africa's rand was on the backfoot against the dollar on Thursday, turning in the second-weakest

Published 26 Nov, 2015 07:21pm

Financial

Nigeria naira firmer on unofficial market as central bank tightens forex rules

LAGOS: The Nigerian naira strengthened 2.1 percent to 235 per dollar on the unofficial market on Thursday after the cent

Published 26 Nov, 2015 01:48pm

Financial

Ugandan shilling firm as dollar inflows pick up

KAMPALA: The Ugandan shilling was firm on Thursday, buoyed by inflows of foreign exchange from exporters and low corpora

Published 26 Nov, 2015 12:08pm

Financial

Egyptian pound steady at dollar sale and on parallel market

CAIRO: The Egyptian pound was stable at a dollar sale on Thursday, with the central bank selling $37.1 million at a cut-

Published 26 Nov, 2015 12:08pm

Financial

South Africa's rand weakens as US rate risk rises; stocks flat

JOHANNESBURG: South Africa's rand retreated on Wednesday as the dollar rose, lifted by data that fuelled expectation

Published 25 Nov, 2015 08:17pm

Financial

Kenyan shilling firm, eyes on any central bank action

NAIROBI: The Kenyan shilling was steady against the dollar on Wednesday and traders said it would keep moving in a narro

Published 25 Nov, 2015 07:33pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling was unchanged against the dollar on Wednesday and traders said it would keep moving in a na

Published 25 Nov, 2015 12:30pm

Financial

Qatar riyal sinks in forwards market on loan concern: traders

DUBAI: Qatar's riyal fell sharply in the forward foreign exchange market on Wednesday because of concern about the c

Published 25 Nov, 2015 12:00pm

Financial

South African rand steadies but looming US rate hike poses risk

JOHANNESBURG: South Africa's rand was largely unchanged against the dollar in early Wednesday trade but analysts sai

Published 25 Nov, 2015 07:50am

Financial

Egyptian pound steady at dollar sale, lower at parallel market

CAIRO: The Egyptian pound was stable at a dollar sale on Tuesday, with the central bank selling $37.8 million at a cut-o

Published 24 Nov, 2015 11:42am

Financial

Ugandan shilling steady, helped by subdued dollar demand

KAMPALA: Uganda's shilling was broadly stable on Tuesday, helped by tight liquidity and subdued appetite for the U.S

Published 24 Nov, 2015 11:30am

Financial

Kenyan shilling closes steady; shares rise

NAIROBI: The Kenyan shilling was little changed against the dollar on Monday as expectations of central bank interventio

Published 23 Nov, 2015 07:35pm

Financial

Nigerian naira eases on parallel market after central bank cut dollar supply

LAGOS: Nigeria's naira currency eased 2.17 percent against the dollar on the parallel market on Monday after the cen

Published 23 Nov, 2015 07:20pm

Financial

South Africa's rand eases on US rate hike jitters, stocks fall

JOHANNESBURG: South Africa's rand ended a five-day winning streak to the dollar on Monday as the dollar firmed one t

Published 23 Nov, 2015 06:07pm

Financial

Egyptian pound steady at auction and on parallel market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction o

Published 22 Nov, 2015 11:56am

Financial

Ugandan shilling firms slightly on liquidity mop-up

KAMPALA: The Ugandan shilling was slightly firmer on Friday, due to the central bank mopping up excess liquidity but was

Published 20 Nov, 2015 02:06pm

Financial

South Africa's rand, stocks strengthen after central bank hikes key rate

JOHANNESBURG: South Africa's rand hit a two-week high against the dollar on Thursday after the central bank governor

Published 19 Nov, 2015 08:14pm

Financial

Kenyan shilling flat on weak corporate demand; stocks rise

ADDIS ABABA: Kenya's shilling was unchanged on Thursday, with traders reporting subdued appetite for dollars from co

Published 19 Nov, 2015 08:08pm

Financial

Kenyan shilling flat on weak corporate demand; stocks rise

ADDIS ABABA: Kenya's shilling was unchanged on Thursday, with traders reporting subdued appetite for dollars from co

Published 19 Nov, 2015 03:07pm

Financial

Kenyan shilling steady as central bank action eyed

NAIROBI: Kenya's shilling weakened slightly in early trading on Thursday with traders saying they expected it to sta

Published 19 Nov, 2015 12:29pm

Financial

Ugandan shilling weakens after IMF lowers growth forecasts

KAMPALA: The Ugandan shilling lost ground on Thursday as confidence in the local currency sagged after the International

Published 19 Nov, 2015 12:09pm

Financial

Egypt's central bank holds pound at 7.7301 per dollar

CAIRO: Egypt's central bank will hold the pound steady at 7.7301 pounds to the dollar at an official foreign currenc

Published 19 Nov, 2015 10:24am

Financial

Ugandan shilling firms on wave of interbank dollar selling

KAMPALA: The Ugandan shilling rallied in volatile trading on Wednesday, strengthened by a dollar sell-off by commercial

Published 18 Nov, 2015 02:24pm

Financial

South Africa's rand on the backfoot, stocks slip

JOHANNESBURG: South Africa's rand fell against the dollar on Wednesday amid investor uncertainty over whether the ce

Published 18 Nov, 2015 12:16pm

Financial

Kenya's shilling barely changed after central bank holds rates steady

ADDIS ABABA: Kenya's shilling inched a tad lower on Wednesday, a day after the central bank kept its benchmark lendi

Published 18 Nov, 2015 12:10pm

Financial

South Africa's rand edges up ahead of rates decision, stocks up

JOHANNESBURG: South Africa's rand edged slightly firmer against the dollar on Tuesday but was still within easy reac

Published 17 Nov, 2015 07:47pm

Financial

Kenyan shilling steady in slow trade, stocks up

NAIROBI: Kenya's shilling was steady on Tuesday as dollar demand eased. Stocks closed higher.At the 1330 GMT close o

Published 17 Nov, 2015 07:36pm

Financial

Kenyan shilling steady as market awaits rate decision

NAIROBI: Kenya's shilling strengthened slightly in early trading on Tuesday ahead of the central bank's rate-set

Published 17 Nov, 2015 01:22pm

Financial

Ugandan shilling firms on scarce liquidity, low dollar demand

KAMPALA: The Ugandan shilling strengthened on Tuesday, helped by a shortage of local currency in the money markets and s

Published 17 Nov, 2015 12:57pm

Financial

Egyptian pound steady at auction, weaker on parallel market

CAIRO: Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction o

Published 17 Nov, 2015 12:46pm

Financial

Kenyan shilling firms ahead of rate decision, stocks up

NAIROBI: Kenya's shilling firmed in minimal trading on Monday ahead of the central bank's rate-setting meeting,

Published 16 Nov, 2015 04:05pm

Financial

Ugandan shilling firms on interbank dollar sell-off

KAMPALA: The Ugandan shilling posted gains on Monday, buoyed by an interbank sell-off of hard currency and dollar inflow

Published 16 Nov, 2015 01:19pm

Financial

Ugandan shilling firms on interbank dollar sales for tax payments

KAMPALA: The Ugandan shilling strengthened on Friday, buoyed by interbank dollar sales in preparation of local tax payme

Published 13 Nov, 2015 02:40pm

Financial

South Africa's rand weak ahead of Fed conference, stocks slip

JOHANNESBURG: South Africa's rand weakened against the dollar on Thursday, along with its emerging market peers ahea

Published 12 Nov, 2015 03:35pm

Financial

Ugandan shilling weaker on commercial banks' demand, tax payments to support

KAMPALA: The Ugandan shilling lost ground on Thursday on the back of increased dollar demand from commercial banks cover

Published 12 Nov, 2015 01:06pm

Financial

Egyptian pound steady at official auction, weaker on parallel market

CAIRO: Egypt's central bank kept the pound steady to the dollar at its official foreign currency auction on Thursday

Published 12 Nov, 2015 12:24pm

Financial

Safaricom pushes Kenyan stock index higher; shilling flat

NAIROBI: Telecoms operator Safaricom surged 2.58 percent on Wednesday to lift Kenyan shares higher, while the shilling w

Published 11 Nov, 2015 08:09pm

Financial

Ugandan shilling weaker as banks bet on Fed rate hike

KAMPALA: The Ugandan shilling fell on Wednesday, weighed down by interbank demand for dollars amid expectations that the

Published 11 Nov, 2015 12:28pm

Financial

Egypt says to lose 2.2bn pounds a month due UK, Russian flight suspensions

CAIRO: Egypt stands to lose 2.2 billion Egyptian pounds a month in income due to Britain and Russia's decision to su

Published 11 Nov, 2015 12:16pm

Financial

Kenyan shilling steady after central bank sells dollars; stocks fall

NAIROBI: Kenya's shilling closed flat on Tuesday after the central bank sold dollars to support the local currency f

Published 10 Nov, 2015 03:02pm

Financial

South Africa's rand recovers, stocks to open weaker

JOHANNESBURG: South Africa's rand staged a modest recovery on Tuesday after tumbling to a new record low, helped hig

Published 10 Nov, 2015 08:47am

Financial

Kenya's shilling steady, corporate demand for dollars picks up

NAIROBI: Kenya's shilling was steady in early trading on Tuesday with demand for dollars from energy firms and other

Published 10 Nov, 2015 08:43am

Financial

Ugandan shilling extends losses on short covering by banks

KAMPALA: The Ugandan shilling weakened for a second straight day on Tuesday, posting steep losses after a surge in deman

Published 10 Nov, 2015 12:41am

Financial

Egyptian pound steady at dollar sale, lower at parallel market

CAIRO: The Egyptian pound was stable at a dollar sale on Tuesday, with the central bank selling $37.8 million at a cut-o

Published 10 Nov, 2015 12:34am

Financial

Kenyan shilling flat after central bank sells dollars; shares rise

NAIROBI: Kenya's shilling closed flat on Monday after a day of volatile trading which prompted the central bank to s

Published 09 Nov, 2015 08:54pm

Financial

South Africa's rand falls to record low, boosts gold stocks

JOHANNESBURG: South Africa's rand hit new record lows on Monday as the prospects of a U.S. rate hike hardened, a dev

Published 09 Nov, 2015 08:47pm

Financial

Ugandan shilling weakens as banks buy dollars

KAMPALA: The Ugandan shilling lost ground against the dollar on Monday, hurt by banks buying greenbacks to shore up posi

Published 09 Nov, 2015 12:03pm

Financial

Kenyan shilling under pressure after Treasury bill yields slide

NAIROBI: Kenya's shilling was under pressure on Monday as the dollar gained globally on rising prospects for a US ra

Published 09 Nov, 2015 08:08am

Financial

Egyptian pound steady at dollar sale, stronger at parallel market

CAIRO: The Egyptian pound was stable at a dollar sale on Sunday, with the central bank selling $40 million at a cut-off

Published 08 Nov, 2015 03:51pm

Financial

Kenyan shilling weakens slightly on lower debt yields; stocks up

NAIROBI: Kenya's shilling weakened modestly against the dollar on Thursday, with the local currency seen vulnerable

Published 05 Nov, 2015 08:57pm

Financial

Ugandan shilling strengthens on an interbank sell-off

KAMPALA: The Ugandan shilling extended its rally on Thursday as commercial banks continued to offload greenbacks amidst

Published 05 Nov, 2015 12:45pm

Financial

Ugandan shilling rallies, debt auction helps

KAMPALA: The Ugandan shilling rallied on Wednesday, buoyed by strong inflows from offshore investors looking to invest i

Published 04 Nov, 2015 11:42am

Financial

Kenyan shilling steady, supported by high-yielding debt

NAIROBI: Kenya's shilling was little changed on Wednesday, with traders expecting the currency stay supported by inf

Published 04 Nov, 2015 09:51am

Financial

Kenyan shilling steady, seen trading in a tight range

NAIROBI: Kenya's shilling held steady on Tuesday, with traders expecting the currency to trade in a tight range ahea

Published 03 Nov, 2015 02:39pm

Financial

Kenyan shilling steady, seen trading in a tight range

NAIROBI: Kenya's shilling held steady on Tuesday, with traders expecting the currency to trade in a tight range thro

Published 03 Nov, 2015 07:36am

Financial

South Africa's rand firm in quiet trade, stocks inch higher

JOHANNESBURG: South Africa's rand hardly moved against the greenback in early quiet trade on Tuesday as investors aw

Published 03 Nov, 2015 07:34am

Financial

Nigeria to raise 123bn naira in treasury bills

LAGOS: Nigeria plans to raise 122.95 billion naira ($617.90 million) in treasury bills with tenors ranging from three mo

Published 02 Nov, 2015 03:10pm

Financial

Kenyan shilling stable, seen supported by high debt yields

NAIROBI: Kenya's shilling was little changed on Monday with foreign investor inflows, driven by high government debt

Published 02 Nov, 2015 03:07pm

Financial

Ugandan shilling strengthens on expectations of rate increase

KAMPALA: The Ugandan shilling rose on Monday as commercial banks trimmed their hard currency positions amid concern soar

Published 02 Nov, 2015 11:51am

Financial

Kenyan shilling steady, high T-bill yields weigh on shares

NAIROBI: Kenya's shilling was steady on Tuesday, as dollar inflows by investors chasing high-yielding government deb

Published 27 Oct, 2015 02:14pm

Financial

South Africa's rand down slightly, protests weigh on sentiment

JOHANNESBURG: South Africa's rand was slightly weaker against the dollar on Tuesday, trailing its emerging market pe

Published 27 Oct, 2015 07:49am

Financial

Egyptian pound steady at dollar sale, stronger in parallel market

CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.8 million at a cut-off

Published 25 Oct, 2015 07:31pm

Financial

Kenyan shilling firm, supported by dollar inflows chasing yields

NAIROBI: Kenya's shilling firmed on Friday, supported by dollar inflows from offshore investors chasing rising yield

Published 23 Oct, 2015 03:26pm

Financial

South Africa's rand, bonds on backfoot after medium term budget

JOHANNESBURG: South Africa's rand hovered near the previous day's week lows against the dollar on Thursday and w

Published 22 Oct, 2015 08:20am

Financial

South Africa's rand little changed ahead of medium-term budget, stocks up

JOHANNESBURG: South Africa's rand hardly moved on Tuesday as investors refrained from making any large bets ahead of

Published 20 Oct, 2015 07:27pm

Financial

Egyptian central bank holds pound steady; parallel market rate weaker

CAIRO: The Egyptian central bank held the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off p

Published 20 Oct, 2015 10:35am

Financial

South Africa's rand slips from near 6-week high, stocks gain

JOHANNESBURG: South Africa's rand weakened more than one percent on Monday, giving up its earlier gains as traders b

Published 19 Oct, 2015 08:07pm

Financial

South Africa's rand close to 6-week highs as US Fed hike in doubt

JOHANNESBURG: South Africa's rand traded close to recent six-week highs against the dollar on Monday, supported by t

Published 19 Oct, 2015 07:19am

Financial

South Africa's rand eases on strong US data, stocks flat

JOHANNESBURG: South Africa's rand weakened on Friday after strong US economic data kept alive bets the Federal Reser

Published 16 Oct, 2015 04:14pm

Financial

South Africa's rand firms on weak US data, stocks falter

JOHANNESBURG: South Africa's rand rallied to its firmest level in almost two months against the dollar on Thursday a

Published 15 Oct, 2015 09:30pm

Financial

Kenyan shilling firms slightly, stocks slightly down

NAIROBI: The Kenyan shilling gained slight ground on Thursday, helped by commercial banks shedding some dollar positions

Published 15 Oct, 2015 03:23pm

Financial

Egypt weakens pound as forex crisis looms

CAIRO: Egypt's central bank allowed the Egyptian pound to weaken on Thursday to 7.83 per dollar from 7.73, the first

Published 15 Oct, 2015 02:27pm

Financial

Kenyan shilling eases, main share index nears three-year low

NAIROBI: The Kenyan shilling weakened on Tuesday due to increased dollar demand while the stock exchange's main inde

Published 13 Oct, 2015 02:50pm

Financial

Ugandan shilling weakens due to commercial bank dollar demand

KAMPALA: The Ugandan shilling weakened on Tuesday, sapped by dollar demand from commercial banks, but was seen getting s

Published 13 Oct, 2015 12:49pm

Financial

Ugandan shilling stronger, helped low dollar demand, tight liquidity

KAMPALA: The Ugandan shilling was slightly firmer on Monday due to subdued dollar demand and tight liquidity in the mone

Published 12 Oct, 2015 12:11pm

Financial

Kenyan shilling strengthens on foreign debt inflows

SNAIROBI: The Kenyan shilling strengthened on Thursday as foreign investors bought Kenya's high-yielding debt. Stock

Published 08 Oct, 2015 03:19pm

Financial

Egyptian pound steady at dollar sale, weaker on parallel market

CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Sunday, as it sold $37.8 million at a cut-off

Published 08 Oct, 2015 11:56am

Financial

Uganda shilling little changed, long weekend dampens importer demand

KAMPALA: The Ugandan shilling firmed slightly on Thursday amidst sluggish demand as importers and other buyers stayed on

Published 08 Oct, 2015 11:44am

Financial

Kenyan shilling edges down, T-bill auction eyed

NAIROBI: The Kenyan shilling was slightly weakened against the dollar on Wednesday, with traders saying they were awaiti

Published 07 Oct, 2015 03:38pm

Financial

Ugandan shilling flat as slow consumer spending cools importer demand

KAMPALA: The Ugandan shilling was stable for a second straight day on Wednesday, as slow consumer spending depressed app

Published 07 Oct, 2015 12:54pm

Financial

South Africa's rand rises to 2-week high as US rate hike bets pushed back

JOHANNESBURG: South Africa's rand gained more than one percent against the dollar on Wednesday to a two-week high of

Published 07 Oct, 2015 12:37pm

Financial

Kenyan shilling weakens as manufacturers buy dollars

NAIROBI: The Kenyan shilling weakened against the dollar on Tuesday amid increased dollar demand from the manufacturing

Published 06 Oct, 2015 02:35pm

Financial

Ugandan shilling unchanged as market eyes upcoming rate decision

KAMPALA: The Ugandan shilling was stable on Tuesday, with scant demand for hard currency, and traders said they expected

Published 06 Oct, 2015 12:37pm

Financial

South Africa's rand strengthens over 1pc after soft US jobs data

JOHANNESBURG: South Africa's rand firmed on Monday alongside other emerging market currencies after softer-than-expe

Published 05 Oct, 2015 12:36pm

Financial

Ugandan shilling firms as commercial banks trim positions

KAMPALA: The Ugandan shilling was stronger on Monday as a slump in demand forced commercial banks to trim their hard cur

Published 05 Oct, 2015 12:02pm

Financial

South Africa's rand adds to gains after weak US jobs data

JOHANNESBURG: South Africa's rand strengthened more than 1 percent against the dollar in late afternoon deals on Fri

Published 02 Oct, 2015 03:57pm

Financial

South Africa's rand slightly firmer, strong start for stocks

JOHANNESBURG: South Africa's rand edged up against the dollar in early trade on Friday, with traders and analysts ex

Published 02 Oct, 2015 08:11am

Financial

Kenya's shilling firm, stocks down for fifth straight session

NAIROBI: Kenya's shilling reversed some of its gains from earlier on Thursday due to some dollar demand from various

Published 01 Oct, 2015 03:08pm

Financial

Strong dollar underpins Gulf remittance flows, weak oil clouds outlook

DUBAI: The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers i

Published 28 Sep, 2015 01:15pm

Financial

Central bank props up Kenyan shilling, main share index falls

NAIROBI: The Kenyan shilling firmed slightly on Wednesday after the central bank injected dollars to the market to count

Published 23 Sep, 2015 07:20pm

Financial

Kenyan shilling eases due to demand, shares fall

NAIROBI: The Kenyan shilling weakened on Tuesday as importers sought dollars to pay their bills, but traders said tight

Published 22 Sep, 2015 07:34pm

Financial

South Africa's rand falls ahead of rates call, resources drag bourse

JOHANNESBURG: South Africa's rand slid almost 2 percent against a firmer greenback on Tuesday, extending its losses

Published 22 Sep, 2015 06:19pm

Financial

Kenyan shilling firms on central bank dollar sale, stocks up

NAIROBI: Kenya's shilling made modest gains on Wednesday after the central bank sold an undisclosed amount of dollar

Published 16 Sep, 2015 08:12pm

Financial

Egyptian pound stable at dollar sale, stronger at exchange bureaux

CAIRO: The Egyptian pound was held steady by the central bank at a dollar sale on Tuesday, selling $37.8 million at a cu

Published 15 Sep, 2015 12:44pm

Financial

Ugandan shilling slightly firmer as tax payments dampen demand

KAMPALA: The Ugandan shilling gained on Tuesday as demand for hard currency slowed after corporate clients made mid-mont

Published 15 Sep, 2015 12:39pm

Financial

Ugandan shilling unchanged, central bank dollar purchase seen posing risk

KAMPALA: The Ugandan shilling was flat on Monday but market players were on alert for any signs of depreciation pressure

Published 14 Sep, 2015 12:20pm

Financial

Ugandan shilling flat, focus on central bank dollar purchases

KAMPALA: The Ugandan shilling was stable on Friday, supported by subdued demand for the dollar, but traders said it was

Published 11 Sep, 2015 11:59am

Financial

Kenya's shilling holds steady against dollar for now

NAIROBI: Kenya's shilling was little changed against the dollar on Thursday, but was expected to come under pressure

Published 10 Sep, 2015 12:00pm

Financial

Egypt pound steady at dollar sale, sharply higher at exchange bureaux

CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Thursday, selling $37.6 million at a cut-off p

Published 10 Sep, 2015 11:34am

Financial

Egyptian pound steady at dollar sale, exchange bureaux

CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Tuesday, selling $37.8 million at a cut-off pr

Published 08 Sep, 2015 12:59pm

Financial

Ugandan shilling firms on tight liquidity

KAMPALA: The Ugandan shilling firmed on Tuesday as importers held back in expectation that the currency will strengthen

Published 08 Sep, 2015 12:54pm

Financial

South Africa's rand firms over 1pc as China worries wane

JOHANNESBURG: South Africa's rand firmed more than 1 percent against the dollar, recovering from record lows in the

Published 08 Sep, 2015 12:45pm

Financial

Nigerian naira weakens on black market as dollar demand grows

LAGOS: The Nigerian naira weakened by 1.13 percent against the dollar on the parallel market on Monday amid rising deman

Published 07 Sep, 2015 01:52pm

Financial

Ugandan shilling steady, tight supply seen offering support

KAMPALA: The Ugandan shilling was steady on Monday, but was expected to firm as market players unwind their hard currenc

Published 07 Sep, 2015 11:56am

Financial

Weaker rand a boost for South African stocks, drag on bonds

JOHANNESBURG: South African equities have marched ahead this year despite sluggish economic growth, with local investors

Published 04 Sep, 2015 02:35pm

Financial

Kenyan shilling weakens, seen under further pressure

NAIROBI: Kenya's shilling weakened further against the dollar on Friday amid heavy demand for the US currency from t

Published 04 Sep, 2015 02:34pm

Financial

Ugandan shilling firmer on slumping importer demand, tight liquidity

KAMPALA: The Ugandan shilling was firmer on Thursday, buoyed by tight liquidity and slumping demand as most importers to

Published 03 Sep, 2015 12:17pm

Financial

Egyptian pound steady at dollar sale, exchange bureaux

CAIRO: Egypt's central bank kept the pound steady at a dollar sale on Thursday, selling $37.8 million at a cut-off p

Published 03 Sep, 2015 12:02pm

Financial

Ugandan shilling gains as Treasury auction depresses liquidity

KAMPALA: The Ugandan shilling posted marginal gains on Wednesday, helped by scant supply of shillings in the runup to a

Published 02 Sep, 2015 12:15pm

Financial

Egyptian pound steady at official auction, weaker at exchange bureaus

CAIRO: Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and t

Published 01 Sep, 2015 12:16pm

Financial

Ugandan shilling falters on liquidity, central bank intervention eyed

KAMPALA: The Ugandan shilling was a notch weaker on Tuesday, undermined by an ease in local currency liquidity and month

Published 01 Sep, 2015 11:42am

Financial

Kenyan shilling weakens on heavy dollar demand; stocks up

NAIROBI: The Kenyan shilling weakened against the dollar on Monday as telecom and energy companies snapped up the US cur

Published 31 Aug, 2015 04:05pm

Financial

Ugandan shilling sags with few dollars coming in

KAMPALA: The Ugandan shilling was weaker on Monday and may lose further ground, testing a key psychological level, if th

Published 31 Aug, 2015 01:15pm

Financial

Nigerian naira weakens 2.3pc against dollar on black market

LAGOS: The Nigerian naira weakened against the dollar on Monday on the parallel market after a boost in liquidity and a

Published 31 Aug, 2015 01:13pm

Financial

Kenyan shilling holds steady, liquidity pressure expected

NAIROBI: The Kenyan shilling was steady against the dollar on Monday but expected to come under pressure from strong liq

Published 31 Aug, 2015 12:23pm

Financial

Kenyan shilling holds steady, liquidity pressure expected

NAIROBI: The Kenyan shilling was steady against the dollar on Monday but expected to come under pressure from strong liq

Published 31 Aug, 2015 08:39am

Financial

Ugandan shilling weakens due to increased liquidity

KAMPALA: The Ugandan shilling weakened on Friday, due to increased dollar demand from commercial banks after the central

Published 28 Aug, 2015 12:20pm

Financial

South Africa's rand gains for a third day as markets recover

JOHANNESBURG: South Africa's rand firmed to the dollar for a third straight session on Thursday as calm returned to

Published 27 Aug, 2015 10:29pm

Financial

Uganda shilling weaker on current account deficit worries

KAMPALA: The Ugandan shilling was weaker on Wednesday as traders brushed off intervention by the central bank the previo

Published 26 Aug, 2015 11:50am

Financial

Egyptian pound steady at official auction, weaker at exchange bureaus

CAIRO: Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and t

Published 25 Aug, 2015 12:19pm

Financial

Ugandan shilling firms after central bank says will sell dollars

KAMPALA: The Ugandan shilling strengthened on Tuesday after the central bank said it planned to sell dollars, a day afte

Published 25 Aug, 2015 12:16pm

Financial

South Africa's rand tumbles to all-time low

JOHANNESBURG: South Africa's rand plunged to an all-time low on Monday, breaching 14 to the dollar on the back of a

Published 24 Aug, 2015 03:28pm

Financial

Egyptian pound steady at official auction, weaker at exchange bureaus

CAIRO: Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Sunday, and th

Published 23 Aug, 2015 12:50pm

Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 22	163.08
USD to Swiss Franc / Jul 22	0.81
Pound Sterling to USD / Jul 22	1.34
Euro to USD / Jul 22	1.14
SOFR % / Jul 21	3.59

Stock	Volume
S&P 500 / Jul 21	7,509.20
Nasdaq / Jul 21	25,837.21
FTSE 100 / Jul 21	10,585.91
Dow Jones / Jul 21	52,224.64
Germany DAX 30 / Jul 21	25,011.35
France CAC40 / Jul 21	8,363.14
India Sensex / Jul 22	76,694.63
Tokyo Nikkei / Jul 22	67,511.12
Hang Seng / Jul 22	24,903.04

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 21	18,880
Gold 10 Grams PKR / Jul 21	368,000
Petrol/Litre / Jul 22	320.73
Crude Oil USD/Barrel / Jul 22	86.22
Gold Spot USD/Ounce / Jul 22	4,114.27
Diesel/Litre / Jul 22	367.21
Cotton US¢/pound / Jul 22	80.13

Stock	Price
Sally Textile / Jul 22 Sally Textile Mills Limited(SLYT)	16.13 ▲ 1.47 (10.03%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.93 ▲ 3.27 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.19 ▲ 13.02 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (10%)
Baba Farid Sugar / Jul 22 Baba Farid Sugar Mills Limited(BAFS)	461.24 ▲ 41.93 (10%)
Fateh Sports / Jul 22 Fateh Sports Wear Limited(FSWL)	142.71 ▲ 12.97 (10%)
The Thal Ind.Corp. / Jul 22 The Thal Industries Corporation Limited(TICL)	1,048.37 ▲ 95.31 (10%)
Asia Ins. / Jul 22 Asia Insurance Company Limited(ASIC)	45.86 ▲ 4.17 (10%)

Stock	Price
Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	296.43 ▼ -32.94 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	243.87 ▼ -27.1 (-10%)
Nets Internat.Comm. / Jul 22 Nets International Communication Limited(GEMNETS)	26.10 ▼ -2.9 (-10%)
Reliance Weaving / Jul 22 Reliance Weaving Mills Limited(REWM)	175 ▼ -19.02 (-9.8%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	54.30 ▼ -5.38 (-9.01%)
Dewan Textile / Jul 22 Dewan Textile Mills Limited(DWTM)	8.65 ▼ -0.76 (-8.08%)
Ideal Dynamics / Jul 22 Ideal Dynamics Limited(IDEAL)	47.05 ▼ -4.05 (-7.93%)
First IBL Mod. / Jul 22 First IBL Modaraba(FIBLM)	14.25 ▼ -1.02 (-6.68%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	60.61 ▼ -4.25 (-6.55%)

Stock	Volume
Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	116,758,220 ▼ -0.01
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	86,004,066 ▲ 0.01
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	42,361,071 ▲ 0.36
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	28,598,345 ▲ 1.81
B.O.Punjab / Jul 22 The Bank of Punjab(BOP)	17,211,161 ▼ -0.08
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	16,587,605 ▼ -0.02
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	12,356,237 ▼ -0.01
Yousuf Weaving / Jul 22 Yousaf Weaving Mills Limited(YOUW)	12,085,870 ▲ 0.42
Dewan Cement / Jul 22 Dewan Cement Limited(DCL)	11,551,147 ▲ 0.68
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	10,816,049 ▼ -1.79