Markets Coverage

USD-based VFEX market capitalisation jumps 25% to $345m in Q3

SA retailer, Pick ‘n’ Pay posts interim HEPS up 25.3% at 88.76 cents for HY1 ended Aug.

Zimbabwe’s FX crackdown spurs wider use of USDollar

SA repo may peak at 7.25% Q1 (2023), first rate cut likely in 2024 – FNB

IFC invests fresh Sh55bn in Kenyan firms

South Sudan’s oil sector pulls in more deals

Ethiopia restricts FX use by businesses importing non-priority goods

Bank of Ghana says Cedi’s fall, high inflation are temporary

Gulfstreams inks servicing lik with ExecutiveJet in Lagos, eyes Africa

Nigeria stocks sank c.5% in 2 days; YTD at +6.2%

Shell gas pipeline breach by thieves hurt Geregu Power 9Mths rev. by 27.8% to NGN39bn

Gabon retains status as Africa’s richest country, ahead of Botswana

Egypt banks looking to limit FX withdrawals as CBE mulls allowing non-deliverable forwards

Ghana headline inflation at red-hot 37.2% reading in September

Banco Angolano (BAI) selling est. 970,000 shares on BODIVA Oct. 24 – Dec. 20

Kenya Airways drops more aircraft in cost-cutting plan