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

Currency	Rate
USD PKR Interbank Selling / Oct 2	277.27
USD PKR Interbank Buying / Oct 2	277.07
USD to Japanese Yen / Oct 5	157.79
USD to Swiss Franc / Oct 5	0.83
Pound Sterling to USD / Oct 5	1.32
Euro to USD / Oct 5	1.12
SOFR % / Oct 1	3.87

Stock	Volume
S&P 500 / Oct 2	7,722.72
Nasdaq / Oct 2	27,190.86
Dow Jones / Oct 2	51,176.96
India Sensex / Oct 5	71,914.66
Tokyo Nikkei / Oct 5	69,928.05
Hang Seng / Oct 5	23,971.07
FTSE 100 / Oct 5	10,478.45
Germany DAX 30 / Oct 5	25,202.68
France CAC40 / Oct 5	7,824.92

Item	Value
Petrol/Litre / Oct 5	392.76
Crude Oil USD/Barrel / Oct 5	89.90
Karachi Cotton PKR/37.32 KG / Oct 5	18,080
Gold 10 Grams PKR / Oct 5	375,116
Gold Spot USD/Ounce / Oct 5	4,152.43
Diesel/Litre / Oct 5	399.64
Cotton US¢/pound / Oct 5	79.45

Stock	Price
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	18.98 ▲ 1.73 (10.03%)
Paramount Mod / Oct 5 First Paramount Modaraba(FPRM)	13.05 ▲ 1.19 (10.03%)
Shadman Cotton / Oct 5 Shadman Cotton Mills Limited(SHCM)	61.23 ▲ 5.57 (10.01%)
Dadex Eternit / Oct 5 Dadex Eternit Limited(DADX)	144.55 ▲ 13.14 (10%)
Pakistan Credit Rating Agency / Oct 5 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	48 ▲ 4.33 (9.92%)
Popular Islamic / Oct 5 Popular Islamic Modaraba(PIM)	78.89 ▲ 6.92 (9.62%)
First Imrooz Mod. / Oct 5 First Imrooz Modaraba(FIMM)	339 ▲ 23.37 (7.4%)
Bawany Air Products / Oct 5 Bawany Air Products Limited(BAPL)	40.80 ▲ 2.75 (7.23%)
GOC (Pak) / Oct 5 GOC (Pak) Limited.(GOC)	174.39 ▲ 11.07 (6.78%)
Aisha Steel (CPS) / Oct 5 Aisha Steel Mills Limited (CPS)(ASLCPS)	75 ▲ 4.36 (6.17%)

Stock	Price
Globe Residency / Oct 5 Globe Residency REIT(GRR)	17.15 ▼ -5.03 (-22.68%)
Kohinoor Energy / Oct 5 Kohinoor Energy Limited(KOHE)	15.08 ▼ -1.68 (-10.02%)
Ashfaq Textile / Oct 5 Ashfaq Textile Mills Limited(ASHT)	36.86 ▼ -4.1 (-10.01%)
Dewan Motors / Oct 5 Dewan Farooque Motors Limited(DFML)	16.63 ▼ -1.85 (-10.01%)
Arpak Int. / Oct 5 Arpak International Investments Ltd.(ARPAK)	127.64 ▼ -14.18 (-10%)
Asim Textile / Oct 5 Asim Textile Mills Limited(ASTM)	100.89 ▼ -11.21 (-10%)
Buxly Paints / Oct 5 Buxly Paints Limited(BUXL)	376.71 ▼ -41.86 (-10%)
Mandviwala / Oct 5 Mandviwala Mauser Plastic Industries(MWMP)	83.93 ▼ -9.33 (-10%)
Olympia Mills / Oct 5 Olympia Mills Limited(OML)	70.02 ▼ -7.78 (-10%)
The Thal Ind.Corp. / Oct 5 The Thal Industries Corporation Limited(TICL)	827.03 ▼ -91.87 (-10%)

Stock	Volume
F. Nat.Equities / Oct 5 First National Equities Limited(FNEL)	50,233,290 ▼ -0.06
Pak Int.Bulk / Oct 5 Pakistan International Bulk Terminal(PIBTL)	30,265,790 ▼ -0.95
Cnergyico PK / Oct 5 Cnergyico PK Limited(CNERGY)	29,902,750 ▼ -0.51
WorldCall Telecom / Oct 5 Worldcall Telecom Limited(WTL)	21,335,233 ▲ 0
K-Electric Ltd. / Oct 5 K-Electric Limited(KEL)	21,268,157 ▼ -0.37
Tasdeeq Info. Serv. / Oct 5 Tasdeeq Information Services Limited(TISL)	11,192,697 ▼ -0.18
Pak Refinery / Oct 5 Pakistan Refinery Limited(PRL)	10,878,753 ▼ -3.05
Waves Home Appliances / Oct 5 Waves Home Appliances Limited(WAVESAPP)	10,801,750 ▼ -0.62
TPL Corp Ltd / Oct 5 TPL Corp Limited(TPL)	9,354,921 ▼ -0.72
D.S. Ind. Ltd. / Oct 5 D.S. Industries Limited(DSIL)	9,056,626 ▲ 1.73