Markets Coverage

AfDB okays $147mn in subord. debt to Mauritius Comm. Bank to raise capital, grow loan portfolio

Standard Bank, ABSA lend Zimbabwe $193m for healthcare, etc.

US VP Kamala Harris concludes week-long historic visit to Africa

Uganda holds lowest share of commercial debt in EAC - MoF

Kenya, Congo, Chad accept Afreximbank’s FEDA establishment deal

Search for CBK Patrick Njoroge successor begins as his 8-yr term ends

Kenya signals costly loans after raising rates to 9.5% from 8.75%

BoG mops up excess liquidity, resets CRR from 12% to 14%

Transcorp FY22: Rev. +21% to NGN134.7bn

Nigeria’s public debt rises to NGN46.25trn – DMO

Eastern Africa Association hosts investor roadshows to Tanzania and Zanzibar

Libya dismisses remarks by Tunisia’s Pres. Saed on sharing Bouri oil-field.

Marriot Hotels in Egypt lead Africa with 25,000 rooms in 103 hotels

Bank Al-Maghrib raises key rate 50 points to 3% on inflation

OUTsurance FY22: Profit up about150%; dividend of 56.8 cents/share

Afreximbank holds 2-day roadshow in Sao Tome & Principe with BGFI Bank