Markets Coverage

Nigeria now accounts for 33% of Africa’s gas reserves

CBN restarting FX OTC Futures quotes for 13 - 60 months starting July 3

BoFA: Fitch to upgrade NGR in 2023; Moody’s, S&P in 2024

Morocco: Attijariwafa Bank, TerraPay partner to provide cross-border payments

Zambia’s inflation eased to 9.8% (June) vs 9.9% (May)

SAA launching Cape Town and Joburg routes to Brazil

China’s Tinci to open $280mn EV battery plant in Morocco

Uganda Rev. Auth. sees higher compliance, 39% growth on digital tax solutions

Kenya asks private investors to build high voltage power lines

Kenya plans Eurobond coupons buyback at 11% to refinance Sh280bn debt due June 2024

Morocco introduces subsidy for imports of 2.5mn metric tonnes of soft wheat

Egypt launches Egypt Upstream Gateway digital platform to boost oil sector

De Beers in last minute deal with Botswana over diamond sales

AfDB unveils new Country Strategy Paper (2023-2028) for Mozambique

SA Food Index slowed to 12% in May, headline CPI eased to 3.1%

Uganda, Mauritius reach new deal on double taxation