October 2026 · prepared 2 Oct 2026 for Sample committee. Compiled from central-bank auction results, the daily FX reference and fund managers’ published yields. Every figure carries its source.
| Market | 91-day | 1m | 1y | 182-day | 1m | 1y | 364-day | 1m | 1y | 364-day, 12 months | Latest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Egypt weighted average yield of accepted bids | 24.56% | +43 | −270 | 25.51% | +5 | −132 | 25.67% | +68 | −18 | 29 Sept 2026 | |
| Ghana weighted average interest-rate equivalent | 4.68% | −111 | −583 | 6.37% | −132 | −602 | 9.83% | −313 | −307 | 28 Sept 2026 | |
| Kenya weighted average rate of accepted bids | 8.77% | ±0 | +86 | 8.89% | −5 | +90 | 9.04% | +1 | −49 | 5 Oct 2026 | |
| Malawi average yield of allotted bids | 12.00% | ±0 | −400 | 14.50% | −50 | −550 | 16.00% | ±0 | −1000 | 29 Sept 2026 | |
| Mozambique weighted average subscription rate | 12.11% | ±0 | +29 | 12.15% | −4 | +21 | 12.09% | −5 | −41 | 1 Oct 2026 | |
| Nigeria stop (issue) rate at the primary auction | 15.50% | −80 | +50 | 15.80% | −70 | +50 | 15.89% | −95 | −89 | 23 Sept 2026 | |
| South Africa average rate at which bills are allotted in the weekly auction | 6.93% | +13 | +9 | 7.52% | +36 | +40 | 7.50% | +27 | +52 | 28 Sept 2026 | |
| Tanzania weighted average yield of successful bids | 3.39% | −1 | −342 | 5.29% | +23 | −128 | 6.29% | −36 | +30 | 23 Sept 2026 | |
| Uganda money-market yield at the cut-off price | 9.75% | −25 | −175 | 10.00% | −25 | −260 | 11.00% | ±0 | −425 | 3 Sept 2026 | |
| Zambia cut-off yield rate at the auction | 8.50% | −200 | −300 | 9.10% | −185 | −365 | 10.00% | −210 | −450 | 1 Oct 2026 |
1m and 1y: change in basis points against the auction closest to one month and one year earlier. Rate measures differ by central bank (shown under each market) and are compared as published.
| Market | 364-day | Inflation | Real |
|---|---|---|---|
| Egypt | 25.67% | 14.1% 2025 | +11.60 |
| Mozambique | 12.09% | 4.4% 2025 | +7.72 |
| Uganda | 11.00% | 3.6% 2025 | +7.42 |
| Kenya | 9.04% | 4.1% 2025 | +4.97 |
| South Africa | 7.50% | 3.2% 2025 | +4.29 |
| Tanzania | 6.29% | 3.3% 2025 | +2.96 |
| Zambia | 10.00% | 13.9% 2025 | −3.91 |
| Ghana | 9.83% | 14.2% 2025 | −4.37 |
| Nigeria | 15.89% | 23.0% 2025 | −7.12 |
| Malawi | 16.00% | 28.4% 2025 | −12.37 |
Latest 364-day rate less the latest annual CPI inflation (World Bank, year shown).
| Market | Last 90d | Prior 90d | Bids against |
|---|---|---|---|
| Nigeria | 5.06× | 3.11× | amount offered |
| Uganda | 2.31× | 1.88× | amount offered |
| Egypt | 2.29× | 2.43× | amount offered |
| Tanzania | 2.08× | 2.31× | amount offered |
| Zambia | 1.81× | 1.19× | amount offered |
| Kenya | 1.57× | 1.17× | amount offered |
| Ghana | 1.27× | 1.03× | amount accepted |
| Malawi | 1.01× | 1.00× | amount accepted |
| Mozambique | 0.98× | 0.96× | amount offered |
Median auction: bids received as a multiple of the amount offered (or accepted where offered is not published).
Bills at 91, 182 and 364 days (violet) and the most recent auction of each bond in the last twelve months (navy), placed at remaining life. Switches and buybacks excluded.
| Issue | Rate | Coupon | Accepted KES | Bid-to-cover | Value date |
|---|---|---|---|---|---|
| FXD1/2019/020 reopening | 13.602% | 12.87% | 28.9bn | 1.59× | 5 Oct 2026 |
| FXD3/2019/015 reopening | 12.734% | 12.34% | 28.6bn | 1.21× | 5 Oct 2026 |
| FXD1/2019/020 reopening | 13.611% | 12.87% | 33.5bn | 1.31× | 21 Sept 2026 |
| FXD1/2026/030 reopening | 14.236% | 12.50% | 16.7bn | 2.25× | 21 Sept 2026 |
| FXD3/2019/015 reopening | 12.763% | 12.34% | 41.1bn | 1.39× | 7 Sept 2026 |
| SDB1/2011/030 reopening | 13.694% | 12.00% | 6.6bn | 1.68× | 7 Sept 2026 |
| Option | Published | After tax | Money tied up | As of |
|---|---|---|---|---|
| Etica Money Market Fund (KES) Etica Capital | 17.55% | 14.92% | none; usually 2 to 3 days to withdraw | 2026-10-02 |
| Treasury bond FXD1/2022/025 Central Bank of Kenya | 14.44% | 13.00% | 21.2 years to maturity | 2026-07-27 |
| Treasury bond FXD1/2021/020 Central Bank of Kenya | 14.34% | 12.91% | 15.0 years to maturity | 2026-07-13 |
| Infrastructure bond IFB1/2019/016 Central Bank of Kenya | 12.20% | 12.20% | 9.1 years to maturity | 2026-08-17 |
| Zimele Fixed Income Fund (Savings Plan) Zimele Asset Management | 13.41% | 11.40% | none; usually 2 to 3 days to withdraw | 2026-10-02 |
| Treasury bond FXD1/2022/010 Central Bank of Kenya | 12.78% | 10.86% | 5.8 years to maturity | 2026-07-13 |
| Treasury bond FXD1/2012/020 Central Bank of Kenya | 12.46% | 10.59% | 6.5 years to maturity | 2026-05-11 |
| Madison Money Market Fund Madison Investment Managers | 10.64% | 9.04% | none; usually 2 to 3 days to withdraw | 2026-10-02 |
| Kasha Money Market Fund Orient Asset Managers | 10.41% | 8.85% | none; usually 2 to 3 days to withdraw | 2026-10-02 |
| 364-day Treasury bill Central Bank of Kenya | 9.04% | 7.68% | 364 days | 2026-10-05 |
| 182-day Treasury bill Central Bank of Kenya | 8.89% | 7.55% | 182 days | 2026-10-05 |
| 91-day Treasury bill Central Bank of Kenya | 8.77% | 7.45% | 91 days | 2026-10-05 |
| Bank fixed deposit, industry average Central Bank of Kenya | 6.91% | 5.87% | by agreement, typically 3 to 12 months | 2026-08 |
| Bank savings account, industry average Central Bank of Kenya | 3.54% | 3.01% | none | 2026-08 |
Withholding tax on interest for residents: 15% on bills, deposits and fund returns; 10% on bonds of ten years or more, none on infrastructure bonds. Fund yields are managers’ published effective annual yields. Bank figures are Central Bank of Kenya industry averages.
| Currency | Now | A month ago | Move |
|---|---|---|---|
| Kenya shilling KES | 129.63 | 129.68 | +0.04% |
| Nigerian naira NGN | 1327.68 | 1327.24 | −0.03% |
| South African rand ZAR | 16.6657 | 16.4069 | −1.55% |
| Ghanaian cedi GHS | 11.7314 | 11.7012 | −0.26% |
| Egyptian pound EGP | 52.3006 | 52.0920 | −0.40% |
| Ugandan shilling UGX | 3929.63 | 3830.61 | −2.52% |
| Tanzanian shilling TZS | 2648.37 | 2615.17 | −1.25% |
| Zambian kwacha ZMW | 19.6539 | 19.5612 | −0.47% |
| Malawian kwacha MWK | 1743.46 | 1747.53 | +0.23% |
| Mozambican metical MZN | 63.8758 | 63.7815 | −0.15% |
| Rwandan franc RWF | 1475.49 | 1476.65 | +0.08% |
| Ethiopian birr ETB | 162.73 | 162.45 | −0.17% |
| West African CFA franc XOF | 582.01 | 578.23 | −0.65% |
| Moroccan dirham MAD | 9.7379 | 9.6647 | −0.75% |
Units per US dollar, daily mid-market reference archived by Afronomics. Positive move means the currency strengthened.
| Market | Expected | Rhythm |
|---|---|---|
| Ghana | 5 Oct 2026 | every 7 days · last 28 Sept |
| South Africa | 5 Oct 2026 | every 7 days · last 28 Sept |
| Egypt | 6 Oct 2026 | every 7 days · last 29 Sept |
| Malawi | 6 Oct 2026 | every 7 days · last 29 Sept |
| Nigeria | 7 Oct 2026 | every 14 days · last 23 Sept |
| Tanzania | 7 Oct 2026 | every 14 days · last 23 Sept |
| Mozambique | 8 Oct 2026 | every 7 days · last 1 Oct |
| Kenya | 12 Oct 2026 | every 7 days · last 5 Oct |
| Uganda | 15 Oct 2026 | every 14 days · last 3 Sept |
| Zambia | 15 Oct 2026 | every 14 days · last 1 Oct |
From the most common gap between each market’s last twelve results; central banks publish official calendars and move dates around holidays.