Markets Coverage

OPEC Fund backs AFC infrastructure drive with $50mn

Africa Foundry Limited’s NGN10bn (Series 1 & 2) commercial papers closes Feb. 10

Morocco extends suspension on red meat import duties

South Africa to get new bank next month, as Lulalend raises R600mn

Nigeria inaugurates new Ministry of Finance Inc. (MOFI) as an asset management company

Shoprite HY: Sales +16.8% to R106.3bn, but diesel costs R650mn

Egypt’s financial services provider, MNT-Halan, gets $400mn funding

Moody's downgrades four Tunisian banks to ‘Caa2’

Absa Group listed on A2X on February 2

Côte D'Ivoire raises 60.750bn FCFA on WAMU market

Bank of Uganda asks investors to transfer April bonds

AfDB'S funding arm, SEFA gives $1bn grant to boost electric mobility shift in 7 African states

IMF slightly boosts SA growth forecast to 1.2% in 2023

Central Bank of Kenya expects stable FX market on favourable external deficit

ECOWAS Investment Bank gets AfDB’s $500mn credit

OPEC JMC reaffirms October 22 commitment till the end of 2023