Kenya shilling slips but tea, bonds may support
The Kenyan shilling weakened on Wednesday on energy sector demand for the U.S. dollar, but traders said it would get support from inflows to the tea sector and from offshore investors buying government bonds. A currency dealer counts Kenya shillings at a money exchange counter in Nairobi October 23, 2008. REUTERS/Antony Njuguna High yields on government More...
Hedge Fund sees Dar es Salaam’s economy dwindling
TCX Senior Vice President, Research and Development, Dr Harald Hirschhofer The Currency Exchange Fund (TCX) predicted on Tuesday the country’s economic growth will slow down this year on the back of weak-external More...
Tanzania Shilling loses against dollar
The shilling on Tuesday continued to post losses against the greenback on the back of surged demand for dollars from importers amid relatively low supply. The shilling has since Monday lost battle against the greenback. The More...
Speech by AITEC AFRICA, Chairman Sean Moroney
The 6th edition of the AITEC Banking & Mobile Money COMESA conference will be held at the KICC over 7th to 8th March. This is a premier convention for senior bankers and this year it is coming at a time when More...
Kenya’s Housing Finance 2011 pretax profit, loans up
NAIROBI, Feb 22 (Reuters) – Kenya’s second-largest mortgage lender Housing Finance posted a 74 percent jump in 2011 profit, as its loan book grew by a third despite high interest rates, it said on Wednesday, More...
AfDB to evaluate its projects in Uganda
A team of nine members of the board of the African Development Bank (AfDB) Group will this week visit Uganda to consult with the government on the bank’s funded programmes in the country. The six-day visit scheduled More...
Nairobi Securities Exchange opens door to ‘small’ firms
Small and medium-sized enterprises (SMEs) are expected to start raising capital through the Nairobi Securities Exchange (NSE) during the second half of this year. This comes after the Capital Markets Authority (CMA) More...
Kenya shilling slips vs dollar, farm inflows eyed
NAIROBI, Feb 21 (Reuters) – The Kenyan shilling weakened on Tuesday on dollar buying by energy firms, but traders said inflows from farm exporters and liquidity tightening by the central bank would support More...
Insurers discuss dev’t financing
Rwanda Prime Minister, Pierre Damien Habumuremyi Kigali – Five Hundred African insurers have converged in Kigali to discuss business opportunities in the sector and the future of insurance firms. The three-day More...
Trading to pick up on DSE as yields on T-bills dwindle
A trader looks at his screen in the trading room of the Dar es Salaam Stock Exchange. (Photo: REUTERS / Katrina Manson) Trading on the Dar es Salaam Stock Exchange is expected to pick up as yields from fixed income More...
