Markets Coverage

Nigeria’s debt servicing jumps at NGN1.94TN above retained revenue of NGN1.63TN in Jan-April 2022,..

Egypt’s FRA approves SIDPEC plan raise paid-in capital by EGP252m to EGP1.51bn

Egypt approves the listing two qualifying military-run companies on local bourse

Vodacom to hold 100% of South Africa’s tower in a new subsidiary.

Zimbabwe retailers agree to price their goods in multiple currencies

Anglo America’s second quarter output down 9%; sees stronger diamond output on demand

South Africa Reserve Bank raises repo rate 75 bps to 5.5% to tame surging inflation

BEAC says new range of silver banknotes, coins now in use across Central Africa economies

Bank of Mauritius sells $15mn to the market at MUR44.7/1$

South Sudan, Uganda holds first-ever business forum

Afreximbank and EABC launch EABC-Africa Trade & Inv. Council

Burkina Faso says 30.253bn F CFA recovery bonds in coffers of public treasury

AfDB Group okays $1.13bn for Africa farmers to produce more

Ghana MPs approve $750m fresh loan from Afreximbank

U.S. President Biden announces US-Africa summit for mid-December

Ugly battle brewing in DRCongo over giant mine, between China’s CMOC Group against state-owned Gec..