Markets Coverage

AfDB, France, Nigeria floats $672mn special fund for creative arts, tech, etc.

Malawi: Cyclone claims nearly 200 lives, damages power, infrastructure, etc

SARB launches new payment system, PayShap backed by 4 banks

Nigeria’s February inflation at sluggish 21.91% vs. 21.82% in January

Naspers shuts $77mn SA-focused Tech. Invt. Fund, Foundry to scale down operations

Old Mutual Ltd. posts 2.18% growth in gross insurance premium revenue for FY22

Kenya moves to achieve T+0 cheque clearance of rival banks

Kenya signs 6-mth deal with Saudi Aramco, Emirates National Oil to nationalize oil imports

Tanzania’s NMB Bank is Best Bank 2023, CEO wins Best CEO

Mauritius state insurer Sicom buys $2mn equity in TDB of Eastern & Southern Africa

Blackrock to buy 31.25% stake in Lake Turkana Wind Power in Kenya

Rolls-Royce appoints John Kelly as new President ME, Turkey & Africa

Senegal posts 134.2bn FCFA trade deficit in Dec. 2022

Absa Kenya to pay record diviend after profit rises to Ksh4.6 billion

CFG Advisory proposes Resolution Trust SPV for NGN23.7tn Ways & Means

UNPRC plans funding roadshow for margin oil firms