Markets Coverage

Ghana’s headline inflation softens to 52.8% in February

US Secy. State Blinken in Addis Ababa on first leg of African trip for American diplomacy

Confederation of Zimbabwe Industries says US$ electricity billing should be matched to FX sales

Algeria and Uganda sign 2 agreements, 5 MoUs to enhance bilateral relations

Flat6Labs floats new $95mn VC Fund, eyeing more than 160 startups over 5-yrs.

Mastercard extends Banque Misr partnership to enhance digital payment tech.

Egypt: 2nd largest Arab exporter of LNG to EU, 5th globally

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