Markets Coverage

alBaraka Bank grants $11mn financing to Dar Al-Mimar Construction

Egypt, Afreximbank discuss preps for IATF in November

IMF says Zambia debt revamp deal needed to unlock $188mn

US$ beats ZWL for second time, accounting for 77% of transactions in 2023

Avocado giant, Westfalia gets $300m boost from Standard Bank, HSBC, IFC

Spain to invest $2bn in South Africa’s energy transition

Kenya Shilling dips below 133 mark/US$ Thurdsay, despite new FX Code for banks

UNECA, Afreximbank ratify creation of Special Econ. Zones for prod. of batteries, EVs in DRC, Zambia

Cote d’Ivoire’s cocoa production up 5.85% in 2022

IFC injects €70m into BoA Group to boost SMEs

Gold-for-Oil: BoG cuts US$ supply to major oil importers

UBA to sell Abuja Electricity to recoup $122mn debt

Fuel Subsidy: NLC says no as FG gets $800mn WB loan as palliatives

South Africa Reserve Bank raises repo to 7.75%, taking effective prime lending to 11.25%

Libya’s oil budget committee mulls higher oil productio to 2mn bpd

Morocco’s OCP Group to pay $750mn dividend to the government