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...

Published 9 hours ago
TCX Senior Vice President, Research and Development, Dr Harald Hirschhofer
On Wednesday, February 22nd, 2012
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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-shilling1
On Wednesday, February 22nd, 2012
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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...

AITEC AFRICA Chairman Sean Moroney
On Wednesday, February 22nd, 2012
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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
On Wednesday, February 22nd, 2012
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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...

On Wednesday, February 22nd, 2012
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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...

The electronic board at the Nairobi Securities Exchange. NSE Chairman Eddy Njoroge says SMEs are expected to list at the bourse in the second half of this year
On Tuesday, February 21st, 2012
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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...

On Tuesday, February 21st, 2012
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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...

On Tuesday, February 21st, 2012
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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...

On Tuesday, February 21st, 2012
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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...