Markets Coverage

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..

Medinet Nasr Housing records EGP1.5bn total sales in July

DRDGold reports 22% profit fall as costs rise

South Africa headline inflation up 7.8% in July, fastest since 2009

EL-Sewedy Electric 2Q posts c.27% consolidated PAT to EGP1.13bn

Saudi Arabia’s low-cost airline Flynas Starts Direct Flights to Casablanca

Emerging Africa Infrastructure Fund plans $500mn fund over three year period.

Reserve Bank of Zimbabwe explores own central bank digital currency

Foreign firms eye Tanzania's Sh23 trillion Bagamoyo Port

UK protests Kenya’s ban on second-hand buses, trucks

Ghana’s bond yields jump with IMF aid on tap