WEEKAHEAD-AFRICA-FX-East African currencies seen firm, Zambia’s weak

LUSAKA, Nov 14 (Reuters) – Kenyan, Ugandan and Tanzanian currencies are expected to strengthen in the coming week as Zambia’s weakens. KENYA The Kenyan shilling is seen firm in the coming week due to dollar inflows from foreign investors buying stocks and government debt, subduing dollar demand from merchandise importers, traders said. Commercial banks quoted

UPDATE 2-Kenya’s Equity nine-month pretax profit jumps on lending boost

(Adds analyst, quotes, background) By Omar Mohammed NAIROBI, Nov 12 (Reuters) – Kenya’s Equity Group reported on Tuesday that its nine-month pretax profit rose to 24.78 billion shillings ($242.11 million) as it overcame the effects of an interest rate cap that slowed economic growth. Net interest income over the period was 32.29 billion shillings, up

WEEKAHEAD-AFRICA-Bank stock investors seen supporting Kenyan shilling

NAIROBI, Nov 7 (Reuters) – The Kenyan shilling is expected to firm as offshore investors buy banking stocks after the government lifted a cap on lending rates, boosting dollar supplies. KENYA The Kenyan shilling could strengthen in the coming week, supported by dollar inflows from investors abroad buying bank shares on the stock market, after

WEEKAHEAD-AFRICA-FX-Kenya, Zambia currencies seen firm, Uganda, Tanzania’s soft

DAR ES SALAAM, Oct 31 (Reuters) – Kenyan and Zambian currencies are likely to gain against the U.S. dollar next week while those of Uganda and Tanzania are expected to soften. KENYA The Kenyan shilling is expected to strengthen due to inflows from horticulture exports and offshore investors buying stocks as markets players wait for

WEEKAHEAD-AFRICA-FX-Ugandan shilling seen firmer, Tanzania’s to soften

KAMPALA, Oct 17 (Reuters) – Traders expect Uganda’s shilling to strengthen against the dollar next week, but predict a weakening of the Tanzanian currency and those of Kenya and Zambia to hold steady. UGANDA The Ugandan shilling is forecast to strengthen against the U.S. dollar next week, helped by hard currency inflows from investors buying

UPDATE 1-Kenya opens $1.5 bln Chinese-built railway linking Rift Valley town and Nairobi

(Recasts lead, changes dateline, adds quotes) By Duncan Miriri NAIVASHA, Kenya Oct 16 (Reuters) – Kenya’s opened a $1.5 billion Chinese-built railway line linking Nairobi to Naivasha on Wednesday, despite delays in building an industrial park in the Rift Valley town to encourage freight. The extension links to another Chinese funded and built $3.2 billion

REFILE-World Bank court orders Tanzania pay $185 mln to Standard Chartered

(Adds dropped letters in byline) By Fumbuka Ng’wanakilala DAR ES SALAAM, Oct 16 (Reuters) – Tanzania has been ordered by a World Bank arbitration court to pay $185 million to the Hong Kong subsidiary of Standard Chartered for breaching an energy contract. The court’s ruling, which was released on Tuesday, adds to pressure on the

UPDATE 1-Tanzania fines five banks for lax anti-money laundering controls

(Adds details from statement, background) By Fumbuka Ng’wanakilala DAR ES SALAAM, Sept 23 (Reuters) – Tanzania’s central bank said on Monday it had fined five commercial banks over $800,000 for breaching anti-money laundering rules, the latest in a series of moves aimed at tightening regulation in the financial services sector. The Bank of Tanzania (BoT)

WEEKAHEAD-AFRICA FX- Uganda’s shilling weaker, Kenya’s under pressure

KAMPALA, Aug 29 (Reuters) – The Ugandan shilling is expected to weaken next week and Kenya’s to come pressure amid month-end dollar demand. UGANDA The Ugandan shilling is expected to weaken on demand from retailers who need to pay for goods. At 0949 GMT, commercial banks quoted the shilling at 3,683/3,693, compared with last Thursday’s