Markets Coverage

Egypt financing of small and medium enterprises breaches EGP64.6bn at June ending

Russia wants times growth in agro-exports to Morocco in 2022

Japan, AfDB $5bn sign funding deal for Africa’s private sector

South Africa beer union wants consistent tax scheme in alcohol industry

First Capital Bank of Zimbabwe reports loan book growth of 37% to $21.4mn; bad loans 1.6%

Wallmart wants to buy the rest of Massmart shares at R62/Sh and deliste it form JSE

Three Chase Bank executives take Kenya’s CMA fines ‘war’ to Tribunal

Tanzania wants to benefit from Chinese debt relief plan

Fitch Solutions forecasts 43% downside to Cedi/US$ in 2022

Ghana Stock Exchange makes record profit (+32.7%: 2021) for 2nd straight year

Nigeria’s 2Q GDP looks sexy on the surface, but fuel, FX, electricity, etc pressure boil under.

Nigerian stocks blipped green on big banks’ HY1 earnings (Zenith, Stanbic IBTC) and interim divide..

Egyptian remittances at record $31.9bn in 2021/22, reports the Central Bank

Egypt’s private insurance funds investments up EGP9.4bn (Jan-June 2022)

Nigeria unveils ambitious $410BN (Avg $10bn per year) energy transition plan towards 2060 net zero

France’s President Emmanuel Macron heading to Algeria August 25 to discuss relations and gas suppl..