Markets Coverage

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

Equity Group raises stake by $76.7mn in DRC sub. via buyout, cash call

Kenya eyes $1.9bn emergency funding to ease economic distress

Intra-Africa trade to jump 574% by 2030 - Wamkele Mene

Burkina Faso: Coris Bank Intl. to pay 19.2Bn FCFA as gross div.

UBA 1Q 2023: Growth +47.5%; Int. Inc. +53.4%; PAT jumps 29%

GTBank takes NGN35.6bn haircut on Ghana’s debt exposure