Markets Coverage

Invictus Energy to complete Zim’s oil & gas drilling in 60-days

Kenya Sept. whole econ. PMI 47.8 vs. 50.6 in August

8th edition of Africa SME forum opens October 5 in Lome

Ghana Sept. Private Sector PMI trims to 50.5 vs. 51.9 (Aug)

Nigeria, Morocco lead Africa’s Islamic banking legal, reg. system - Moody’s

Naira faces further weakness amid US$ shortage – Fitch

Tanzania Reinsurance gets AM Best assigns ‘B’ fin. strength rating,“BB+” long-term issuer cr..

NGX lists first infrastructure fund of NGN200bn floated by Chapel Hill Denham

Ethiopian Sec. Exch. admits Ethiopian Inv. Hldgs, 4 subs. as founding members

Suez Canal: Rev. up $2.6 bn (YoY) in Q1 2023/24

Egypt to cut budget deficit to 5%, debt-to-GDP to 75% by FY26/27

Guinness NGR to stop sale of Johnnie Walker, Baileys; 6% of rev. on the line

Algeria to build first solar power village

Morocco okays 5% minimum wage increase

SA Reserve Bank to float new Cooperative Bank by 2024

Algerian Airlines starts direct flights to Addis Ababa, Sept 22