Posts Tagged ‘shilling’
Uganda’s Shilling Heads for First Weekly Gain in 7 on Inflows From Exports
Sunday, July 17, 2011 10:26 No CommentsUganda’s Shilling Heads for First Weekly Gain in 7 on Inflows From Exports
Uganda’s shilling rallied, heading for the first weekly gain in seven against the dollar, inflows from exports and from the sale of the U.S. currency by local firms to meet domestic expenses.
Read more on Bloomberg
Kenya Shilling Weakens for Second Day as Businesses Pay Bills With Dollars
Sunday, February 20, 2011 10:16 No CommentsKenya Shilling Weakens for Second Day as Businesses Pay Bills With Dollars
Kenya’s shilling weakened for the second day as energy and telecommunications companies in the East African nation bought dollars to pay bills in the foreign currency.
Read more on Bloomberg
Financial, Insurance, Real Estate and Business Services
Thursday, January 29, 2009 3:33 No CommentsThe sector’s performance was characterised by slowed growth in money supply, increased net foreign assets and a slump in the growth of domestic credit. Credit to Central Government dropped by 4 per cent while private sector received 9.1 per cent more credit in 2008.
The banking sub-sector, recorded a much slower growth and higher non-performing loan [...]