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Africa FOREX News is an EIN News Service for FOREX trading professionals. Constantly updated news and information about Africa FOREX Trading.
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Latest Africa FOREX News

  • China Sees Buying Opportunity in Gold and Crude Oil Drop 30 Nov 2009 19:08 GMT
    ... "safe haven" US Dollar rose on the forex market, alongside the Japanese Yen. saw the ... of China, "almost half of our country's foreign exchange reserve is not stable in value and ... gold higher have not changed," writes South Africa bullion-dealer David Levenstein at MineWeb today – ...

  • Lake Victoria Meeting Fails to Address Key Resource Concerns 30 Nov 2009 19:04 GMT
    ... Nairobi — Despite talks to jointly harness shared ... impact on the health of the lake, foreign exchange, security and territorial integrity of each country. ... the water resource. The commission told The EastAfrican that remedies to these concerns are in ...

  • Millicom International Cellular: Dividend Policy 30 Nov 2009 16:50 GMT
    ... NEW YORK & STOCKHOLM--(BUSINESS WIRE)-- Millicom International Cellular S.A. ... Exceptional items may include, among other things, foreign exchange movements on net debt, gains/losses on disposal ... 14 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses ...

  • Millicom International Cellular: Dividend Policy (BIZ) 30 Nov 2009 16:50 GMT
    ... Mikael Grahne, President and CEO of Millicom, said: ... Exceptional items may include, among other things, foreign exchange movements on net debt, gains/losses on disposal ... 14 countries in Asia, Latin America and Africa. It also operates cable and broadband businesses ...

  • Trade Bank of Iraq joins Thomson Reuters global foreign exchange trading system as country rebuilds economy 30 Nov 2009 16:46 GMT
    ... Thomson Reuters today announced that the Trade Bank ... the country to connect to the international foreign exchange and money market community using the Thomson ... Thomson Reuters in the Middle East and Africa. Zaid A. Mahdi, Vice-President, Business Development at ...

  • Gold & Oil Dips "Present Buying Opportunity" Says Chinese State Investment Advisor 30 Nov 2009 16:24 GMT
    ... give a buying opportunity to put some forex reserves into gold or oil reserves," says ... of China, "almost half of our country's foreign exchange reserve is not stable in value and ... will confirm its No.1 slot and South Africa falls into fourth place. "With the continued ...

  • Seychelles sees return to growth, eyes tax reforms 30 Nov 2009 14:32 GMT
    ... Seychelles will modify its taxes to bolster revenue ... to 15 percent as of January 2011. Africa analysts said the measures were a step ... medium-term as tourism earnings recover," Faure said. "Foreign exchange reserves are projected to rise gradually to ...

  • Exco Technologies Limited - Fourth Quarter ended September 30, 2009 30 Nov 2009 14:15 GMT
    ... Exco Technologies Limited - Fourth Quarter ended September 30, ... $0.01 ($0.52) ($0.43) ($0.34) a. Includes $227 foreign exchange valuation gain, $403 severance charges and ... located in the United States, Mexico and Morocco. It is exposed to foreign exchange transaction ...

  • RPT-UPDATE 1-China digs in on yuan, holds out hand on climate 30 Nov 2009 14:11 GMT
    ... NANJING, China, Nov 30 (Reuters) - China pushed ... the weekend with India, Brazil and South Africa. Swedish Prime Minister Fredrik Reinfeldt said countries ... of Thomson Reuters. Macroeconomic stories, OECD reports Foreign exchange General news Political news ...

  • Financial: S. Africa's Trade Balance Swings To Deficit In October 30 Nov 2009 13:55 GMT
    ... and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment ... financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures ...

  • UPDATE 2-Seychelles sees return to growth, eyes tax reforms 30 Nov 2009 13:55 GMT
    ... By George Thande VICTORIA, Nov 30 (Reuters) - Seychelles ... to 15 percent as of January 2011. Africa analysts said the measures were a step ... medium-term as tourism earnings recover,' Faure said. 'Foreign exchange reserves are projected to rise gradually to ...

  • Indian Politician Arrested for Involvement in Biggest ever Political Scam 30 Nov 2009 13:31 GMT
    ... Indian police Monday arrested the disgraced former chief minister ... investigators, Koda's empire stretches from Mumbai to Africa -- from luxury hotels and three companies ...

  • Information is Essential for One to Make Profits in Forex Markets [opinion] 30 Nov 2009 12:34 GMT
    ... Nairobi, Nov 30, 2009 (The East African/All Africa Global Media via COMTEX) -- The global currency trading market is a multi-trillion-dollar ...

  • Angola's kwanza steady in latest forex auction 30 Nov 2009 11:30 GMT
    ... LUANDA, Nov 30 (Reuters) - Angola's kwanza was ... has taken a toll on the country's foreign exchange reserves, which fell for the first time ... billion in September. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil ...

  • Blue's torrid results 30 Nov 2009 11:12 GMT
    ... You can't run a company without cash. JOHANNESBURG - ... the cost of running the branches across Africa, as well as development costs for the ... first concern the results raise is how foreign exchange losses are reflected in the accounts. Boring ...

  • Low debt and inflation underscores Turkey's growing economy 30 Nov 2009 10:31 GMT
    ... Turkey is well placed to emerge from the ... of the country upon foreign funding, the foreign exchange reserves of the Central bank remained solid ... countries especially in Europe, Middle East & Africa (EMEA) region: Turkey’s population is growing by ...

  • Deposits Hit Sh1 Trillion At Local Banks 30 Nov 2009 10:17 GMT
    ... pressure from mobile money transfer and lower forex volatility. The global downturn and a severe drought ... and partner central banks in the East African Community are working on a regulatory regime ...

  • The Urge to diversify the horticultural sector 30 Nov 2009 10:13 GMT
    ... BY HAYAL ALEMAYEHU Only eight years ago, flower was ... which expects a boost in terms of foreign exchange inflow from the sector. Moreover, most of ... a lack of diverse market destinations. Kenya, Africa’s biggest flower exporter, has been able to ...

  • DGAP-News: Orad Hi-Tec Systems Ltd: Orad sells close to 1 mil... 30 Nov 2009 10:01 GMT
    ... DGAP-News : Orad Hi-Tec Systems Ltd: Orad sells close ... and the World Cup 2010 in South Africa. In addition to our already extensive line ...

  • HELLO AND GOODBYE 30 Nov 2009 08:13 GMT
    ... SA's best-selling small bakkie for the past five years, ... was part of the corporation's Latin America/Middle East/Africa region and took its engineering and product ... also has assembly plants in Kenya and Egypt, SA is Africa's main producer and Lourencon ...

  • Facts: South Africa October M3 Money Supply Growth Slows More Than Expected 30 Nov 2009 07:35 GMT
    ... and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment ... financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures ...

  • S.Africa rand edges firmer on higher risk appetite 30 Nov 2009 07:32 GMT
    ... JOHANNESBURG, Nov 30 (Reuters) - South Africa's rand firmed against the dollar on Monday, ... this is going to keep volatility in foreign exchange markets quite elevated. This morning we'll probably ...

  • Financial: South Africa October M3 Money Supply Growth Slows More Than Expected 30 Nov 2009 07:14 GMT
    ... and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment ... financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures ...

  • China digs in heels on yuan, cooperates on climate 30 Nov 2009 05:31 GMT
    ... NANJING, China, Nov 30 (Reuters) - China fended ... the weekend with India, Brazil and South Africa. Speaking for the EU, European Commission President ... of Thomson Reuters. Macroeconomic stories, OECD reports Foreign exchange General news Political news ...

  • Chinese banks increase overseas loan activity 30 Nov 2009 03:41 GMT
    ... Foster's Group Ltd, Australia's biggest brewer, never borrowed ... period of 2007. The State Administration of Foreign Exchange in Beijing is encouraging lenders to make ... from the emerging markets, particularly Asia and Africa, rise," ICBC Chairman Jiang Jianqing said. Royal ...


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