Markets Coverage

NSE FY23: Int. Inc. -21%; Other Inc. +64%; EPS +40%; Cash Div Ksh 0.16

Morocco: S&P outlook on BB+ to positive from stable

FBC Zim. FY23: Net Int. Inc. +68%; Total Net Inc. +138%; PBT +250%

Pres. Al-Sisi sworn in for 3rd term as IMF tops up Egypt’s funding support by $5bn

SARB to hold repo at 8.25% at March meeting – Poll

End of 18% returns for investors as CBK rejects Sh37bn bids

Tunisia’s insurance sector posts $1bn turnover in 2023

Egypt announces upward review of fuel prices

Libya’s oil prod. seen to exceed 1.5mn bpd

Fitch affirms Arab Tunisian Bank at ‘B-‘; Outlook Stable

Moody’s upgrade Tanzania to ‘B1’ from ‘B2’; Outlook Stable from Positive

Egyptian EFG Holdings turnover up $315mn in FY23

Uganda diaspora inflows up 13.4% in 12M-ended Jan.

Ethiopia in talks with IMF for c.$3.5bn loan as Paris Club March 31 deadline looms

Zambia, Zim. Sign tripartite MoU to strengthen trade, invt. Ties

Ghana signs visa waiver agreement with Malawi