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August 01
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Shilling Stabilises Amid Hopes for Further Strength
Daily News
THE shilling is expected to appreciate slightly against the US dollar as the market closes over to a new month amid ample supply of the greenback from exports of agricultural... Read more »
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EAC Single Currency Protocol Shapes Up
New Times
The High-Level TaskForce (HTLF) that was tasked to negotiate the protocol establishing the Monetary Union has called for the fast-tracking of the protocol after conclusion of the... Read more »
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Effects of Coin Shortage On Economy
Times of Zambia
RECENTLY,the shortage of coins hit Chipata in Eastern Province. Read more »
July 31
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Foroyaa
Foroyaa has been informed about the closure of Forex Bureaux in the Kanifing Municipality on Sunday,27 July 2013 and the subsequent arrest and detention of staff which was... Read more »
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Uganda's Annual Inflation Up to 5.1 Percent
Independent
Uganda's annual inflation rate for the year ended July 2013 increased to 5.1% from a revised figure of 3.6% a month earlier, the Uganda Bureau of Statistics (Ubos) announced on... Read more »
July 30
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Handle the Exchange Rate Problem With Care [editorial]
The Point
At the opening of business on Monday 29th July 2013, several money exchange bureaus along Kairaba Avenue in the Kanifing Municipality were closed. Read more »
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President's Office Warns Foreign Exchange Dealers Fixes Dollar At Maximum 37 Dalasi
Foroyaa
The President's Office, has in a press release issued recently, fixed the exchange rate of the US Dollar to a maximum of 37 Dalasi with effect from 26 July. Expressing concern on... Read more »
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Times of Zambia
THE Kwacha was steady against the dollar on Monday in mild but balanced trading, the Zanaco daily newsletter has said. Read more »
July 29
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Govt. Fixes Dollar Exchange Rate At D37
The Point
In its latest move on the much-talked about foreign exchange issue, the presidency has announced that the exchange rate of the US dollar is with immediate effect fixed at a maximum... Read more »
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Kwacha Running Steady, Copper Under Pressure
Times of Zambia
THE Kwacha broke a three-day bullish streak on Friday on healthy inter-bank demand for the greenback. Read more »
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Gov't Raises Concern Over High Foreign Exchange Rates
Daily Observer
The Office of the President has expressed concern over the "unwarranted" hike in the exchange rate of The Gambian dalasi vis-à-vis other international currencies notably the... Read more »
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The Star
Police in Mbeere South District at the weekend arrested three men with Sh8,000 in fake currency with which they are believed to have been planning swindle miraa dealers. Read more »
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Forex Bureaus - Indicators of the State of Rwandan Economy? [analysis]
New Times
Economics is a great subject. It takes attributes of the physical sciences to tell you things as they are, just as a physicist would. This is called positive economics. Read more »
July 23
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Counterfeit Bill Future Still Uncertain
Observer
In its second reading before Parliament on April 9, the counterfeit bill draft was discarded on the grounds that the ministry of Trade, Industry and Cooperatives had not done the... Read more »
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The Herald
The Consumer Council of Zimbabwe says the economic environment is not conducive for the return of the Zimbabwe dollar. Read more »
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CBN May Devalue Naira Over Persistent Oil Price Decline
Leadership
With declining oil prices and dwindling foreign external reserves, the federal government may lower its targeted trading range for the naira. Read more »
July 22
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Shilling Remains Relatively Stable
Daily News
THE shilling remained stable last week as activities slowed down slightly amid improving inflows of hard currencies, thanks to agriculture sector. "As the shilling liquidity... Read more »
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EAC Single Shilling Currency Draws Closer
EA Business
Ministers from the five partner states of the East African Community (EAC) have adopted the draft protocol on setting up the East African Monetary Union. Read more »
July 21
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Tourists Buying Zim Dollar in Vic Falls
Zimbabwe Standard
Forgotten Zimbabwe dollar notes are back in "circulation" in Victoria Falls, where they are being sold by curios vendors to tourists. Read more »
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Dollarisation Wipes Out Domestic Savings
Zimbabwe Standard
ZIMBABWE'S domestic savings have been wiped out by hyperinflation and dollarisation, leaving the country relying on foreign capital which is not an optimal growth path, a leading... Read more »
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Shilling Posts Marginal Gains, Expected to Remain Range Bound
Independent
The Uganda shilling posted some marginal gains against the US currency in the week ending July 19, trading 2575/85 from 2590/2600 a week earlier. Read more »
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Observer
The Uganda shilling was relatively stable in the early part of last week with the market characterised by low demand and tightness in shilling liquidity amidst corporate tax... Read more »
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The Bull Trend to Remain in the Next Couple of Days
The Star
The Nairobi All Share firmed 0.22% to close at 123.70. The Nairobi NSE20 firmed 7.37 points to close at 4807.53. Equity Turnover was 368.114m. Read more »
July 18
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The Star
HE controversial Bangla pesa currencies are now under forensic examinations by officers from the Central bank, a court sitting in Mombasa was told yesterday. Read more »
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Bank Chiefs Meet in Arusha Over African Monetary Union
Daily News
CENTRAL Bank Governors from more than ten African countries are meeting in Arusha to, among other things, discuss the proposed single currency for the whole continent. Read more »
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