Markets Coverage

Gold levy dispute costs Uganda $160mn in taxes

First gold investment fund gets Financial Regulatory Authority’s approval

S&P downgrades outlook for 3 Egyptian banks to Negative

Gécamines, Glencore, Kipushi Corp. sign $250mn tripartite agreement in DRC

NGX-listed Wema Bank records NGN39bn gross earnings in 1Q

World Bank warns of high public debt in Libya

Société Tunisienne de Banque Group: Consol. profit down 21% in FY22

85% of Moroccan households report worsening living conditions in 1Q

Suez Canal revenue jumps 35% in Q1

IMF MD tells Egypt to slow down on massive infrastructure

QatarEnergy signs MoU to boost energy coop. with Namibia

Angola now 21st member of African Trade Insurance Agency via $25mn subscription

Zimbabwe to produce 1,100MW from renewables

SAA: Former Tourism HM Derek Hanekom is new Acting Chair/Non-ED

Kenya: Savannah Cement raises Ksh67bn debt to build clinker plant.

Tanzania to overtake Kenya as EAC’s biggest econ. in 10 years