Markets Coverage

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

Oando to buy out minority shareholder at NGN7.07 and ZAR equivalent, delist from NGX, JSE and go pri..

Morocco and the World Bank sign $100mn deal for devt. Projects

Egypt central bank raises key benchmark rate by 2% as inflation bites

ADNOC holds talks in Abu Dhabi on South Sudan partnership

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