The Afronomics Morning · Monday 5 October
Africa’s markets before 7am
- Kenya’s 364-day Treasury bill cleared at 9.04%, unchanged.
- Kenya’s FXD1/2019/020 bond (12.5 years) cleared at 13.60%, 1.59× covered.
- The Botswana pula gained 1.32% against the dollar overnight.
- Results due: Ghana (today), South Africa (today), Egypt (tomorrow), Malawi (tomorrow).
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Against the dollar
| Botswana pula | 13.986 | +1.32% |
| Ethiopian birr | 161.5 | +0.80% |
| Moroccan dirham | 9.919 | −0.56% |
| Tunisian dinar | 2.967 | −0.55% |
| Angolan kwanza | 922.3 | +0.46% |
| Ugandan shilling | 3933.0 | −0.41% |
| Mauritian rupee | 48.001 | −0.36% |
| Ghanaian cedi | 11.617 | −0.31% |
Change in each currency’s value against the dollar from 4 Oct to 5 Oct. Positive means the currency strengthened.
Source: ExchangeRate-API · daily mid-market reference, archived by Afronomics
Auctions
Results in since the last note
| Market | Tenor | Rate | Change | Date |
|---|---|---|---|---|
| Kenya | 91-day | 8.77% | −1 bps | 5 Oct |
| Kenya | 182-day | 8.89% | −1 bps | 5 Oct |
| Kenya | 364-day | 9.04% | ±0 bps | 5 Oct |
| Kenya bond | Years | Yield | Coupon | Cover |
|---|---|---|---|---|
| FXD1/2019/020 | 12.5 | 13.60% | 12.87% | 1.59× |
| FXD3/2019/015 | 7.8 | 12.73% | 12.34% | 1.21× |
Due: Ghana (today), South Africa (today), Egypt (tomorrow), Malawi (tomorrow). Calendar
Headlines
What matters this morning
- Nigeria: Where Is Oil Windfall?
AllAfrica·Nigeria
- Nigeria: Benue Boat Mishap - Sema Deploys Divers On Search, Rescue
AllAfrica·Nigeria
- Family Bank signs Sh1.3bn AfDB facility to lend to SMEs
Capital FM Business·Kenya
- Fidson selected as regional sublicensee to expand access to influenza treatment and strengthen pandemic preparedness
Nairametrics·Uganda
- Finding value beyond the AI trade
Moneyweb·South Africa
- Honda develops technology for wireless charging of moving electric vehicles
Nairametrics·Nigeria
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