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May 15
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Daily News
THE shilling continued to gain in a quite day of trading last Friday but with expectations of strengthening its performance against the US dollar. Read more »
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Again, Naira Weakens On Increased Dollar Demand
This Day
The naira maintained its downswing against the United States dollar at the interbank Monday due to renewed demand for the greenback by importers of petroleum products and others... Read more »
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Stats Service - Bawumia Got It Wrong
Public Agenda
Acting Government Statistician Dr Philomena Nyarko says New Patriotic Party (NPP) running mate Dr Mahamudu Bawumia got it wrong with his analysis that the months-long single digit... Read more »
May 14
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Independent
The Uganda shilling came under pressure from the dollar dropping 1.2% percent last week touching 2495 from 2455/65 a week earlier. Read more »
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Rwanda Franc Down As Repo Rate Goes Up
EA Business
The Rwandan Franc depreciated by 0.4 % against the US Dollar, 3.7% against the the British Pound in the first quarter of this year forcing the Central bank to push its key repo... Read more »
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Naira Falls On Huge Dollar Demand
This Day
The naira dipped against the US dollar at various segments of the forex market last week due to increased demand for the greenback. Read more »
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CBN Plans to Introduce N5000, N2000 Notes
Leadership
In an attempt to reduce the volume of cash baggage and security exposure in cash transactions, the Central Bank of Nigeria may be contemplating the introduction of new currency... Read more »
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Will the Naira Run Into Troubled Waters in China?
Leadership
Last year, when the United States of American economy tottered on the brink after big banks, formerly thought to be formidable collapse and the Bank of American almost fell, the... Read more »
May 13
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Weaker Currency Theory Useless [opinion]
Daily News
The Bank of Tanzania (BoT) Governor, Professor Benno Ndulu is an academician per excellence. He defends a weak and tumbling shilling as being good for the economy. A strong... Read more »
May 11
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The Collapse of the Euro - the Fall of the CFA [analysis]
Fahamu
African countries operating under the exploitative CFA Franc must free themselves from its shackles. Read more »
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Poor Yields On Securities Drive Down Shilling
The Star
The Kenyan shilling tumbled to a three-month low against the dollar as falling yields on government securities reduced appetite to hold the currency, traders said. High yielding... Read more »
May 9
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Shilling Holds Firm Versus Dollar
The Star
The Kenyan shilling eased marginally against the dollar yesterday, and traders said it could come under more pressure in coming days from demand for greenbacks from oil importers.... Read more »
May 8
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Experts Forecast Shilling Stability
Daily News
THE resumption of demand in the market is likely to exert pressure on the local currency during this week if the liquidity stance in circulation remains uncertain. Read more »
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Three Caught With Forged South African Rands
AIM
The Mozambican police have arrested three people in Namaacha, on the border with Swaziland, in possession of forged South African banknotes to the value of 350,000 rands, reports... Read more »
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KBC Loses Sh400 Million Mombasa Plot to Grabbers
The Star
HUGE chunks of land worth millions of shillings belonging to the Kenya Broacasting Corporation in Mombasa have been grabbed. THE Parliamentary Select Committee on Communication and... Read more »
May 6
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Franc Appreciates Against Regional Currencies
New Times
The Rwandan franc gained substantially against regional currencies of Kenya, Uganda, Tanzania and Burundi in the first quarter of this year, projecting yet another growth in the... Read more »
May 5
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Local Shilling Appreciates Marginally
Independent
The Uganda shilling appreciated against the dollar closing at 2455/65 from 2500/10 with little volumes going through, says Denis Mashanyu, forex trader at Standard Chartered Bank... Read more »
May 3
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Strong Currency Hits Manufacturers
Namibia Economist
Local manufacturers have been affected by a stronger Namibian dollar with most experiencing lower production and lower demand for their products, a manufacturing survey has shown. Read more »
May 2
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WDAs - Dollar Supply Reduces by 20 Percent in April
This Day
The amount of United States dollars offered by the Central Bank of Nigeria (CBN) at its regulated Wholesale Dutch Auction System (WDAS) dropped by 20 per cent to $1.080 billion in... Read more »
May 1
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Independent
Uganda's annual headline inflation rate for the year ending April 2012 slowed to 20.3% down from 21.1% recorded for the year ended March 2012, Uganda Bureau of Statistics announced... Read more »
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Naira Gains On Planned Oil Firm Dollar Sales
Leadership
The naira firmed against the United States dollar on the interbank market on yesterday, supported by speculation of planned dollar sales by two units of multinational oil companies... Read more »
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Uganda Shilling Expected to Appreciate Marginally
Independent
Financial experts predict the Uganda shilling to appreciate marginally against foreign currencies especially the US dollar in line with the down ward trend of the country's... Read more »
April 30
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$1.7 Billion Reserve to Increase Next Month
Egypt Online
An official of the Central Bank of Egypt (CBE) on 29/4/2012 asserted that the reserves will increase next month by $1.7 billion. Read more »
April 28
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Namibia Economist
Bank of Namibia Governor, Ipumbu Shiimi announced on Thursday that the new series of banknotes has been gazetted on Tuesday, 24 April and will be issued into circulation on... Read more »
April 27
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'Zimdollar Settlement Stalls Foreign Direct Investment'
The Herald
FROZEN Zimbabwe dollar accounts will remain an obstacle to new foreign direct investment, if not settled soon, a parliamentary committee chairman has said. Read more »
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