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Category: Markets

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Gabon ramps up deepwater push to reverse oil decline
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Senegal raises $346m in latest WAMU debt auction
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Cote d’Ivoire awards new gold exploration permits
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Kenya's business activity contracts sharply amid protests, weak demand
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Ethiopia set to begin historic domestic gas production
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IMF warns Nigeria recovery fragile despite reform gains
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Trump pushes trade-first Africa strategy to counter rivals
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Kenya raises $347m via debut infrastructure sukuk for Talanta Stadium
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CEMAC cuts 2025 growth forecast to 2.4% as oil output falls
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Senegal slashes oil revenue forecast by 60% through 2028
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Ethiopia holds rate at 15% as inflation slows, fiscal outlook improves
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Elombi steps into Afreximbank leadership amid mounting regional debt pressure
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Senegal exceeds debt auction target with $403m raise
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Northern defections rattle Biya’s rule ahead of Cameroon’s October election
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Ghana secures $360m World Bank backing ahead of eurobond payment
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$228m Cocoa facility launched in Abidjan
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Kwacha gains and falling inflation lift investor sentiment in Zambia
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Afreximbank warns of trade risks and openings as global fault lines shift
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NSIA Banque Bénin Launches FCFA 52 Billion Securitisation to Boost SME Financing
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IMF disburses $758 million to Côte d’Ivoire following strong programme performance
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Afreximbank prepares for leadership transition as ratings scrutiny mounts
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Senegal secures $115m World Bank support for fiscal reforms
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Gabon halts tax breaks after CFA1tn revenue loss
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Senegal resumes fiscal reporting but budget strains deepen
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Morocco holds interest rate at 2.25% amid easing inflation
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Cameroon targets CFA 45bn capital outflow with new reinsurance reform bill
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IMF unlocks $32.8m for Burkina Faso as insecurity rattles mining sector
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Benin caps uptake in record bond auction to curb debt costs
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Nigeria’s green bond oversubscribed as climate funding gains traction
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Namibia’s reserves dip to $3.2bn amid trade outflows
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BEAC governor urges urgent investment in local fuel refining
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Kenya’s 30-year bond reissue flops as investors demand higher yields
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IMF approves $90m for Benin as economic growth hits 7.5%
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Mozambique cuts fuel prices as FX shortage persists
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Senegal returns to regional bond market
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Investors eye profits after Benin bank’s strong debut
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Gabon delays IMF mission as new government seeks reform reset
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IMF warns of rising risks to Namibia’s fragile recovery
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Senegal delays budget reports as debt scandal clouds IMF talks
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Egypt’s first large-scale solar and battery project secures $479 million in blended financing
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Nigeria inflation slows again in May, raising rate cut prospects
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Oil price surge offers budget relief but raises risk for Nigeria
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Namibia faces investment risks as EU adds it to high-risk financial list
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Escaping the Trap: How African Sovereigns Can Break the Cycle of Debt
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World Bank cuts Cameroon’s 2025 growth forecast to 3.7% amid fiscal and external pressures
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Kenya unveils Ksh4.29tn budget as debt repayments strain fiscal space
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Insecurity and floods threaten Nigeria’s disinflation trend
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Ghana’s economy grows 5.3% in Q1 2025 on services and gold boost
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African Union-backed credit rating agency to launch in September as scrutiny of global firms intensifies
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Kenya’s central bank cuts key rate to 9.75% in surprise move
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Tanzania inflation steady at 3.2% as core pressures ease
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Kenya raises fiscal deficit target by Ksh8.4bn as revenue shortfalls persist
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Namibia positions itself as a green hydrogen contender despite export hurdles
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Tinubu’s tax reform falls short of ambition after resistance from northern states
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Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
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Public anger mounts in Ghana over new fuel levy to tackle energy debt
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West Africa’s BCEAO cuts key rate for first time since 2023 as inflation slows
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IMF warns of rising debt pressure in Rwanda
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Cameroon faces uncertainty as Kamto confirms 2025 Presidential bid
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Ghana strikes $2bn deal to extend Jubilee and TEN oil fields to 2040
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Nigeria sets sights on cocoa processing as global prices soar
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Ghana’s $253M Saderea restructuring talks collapse as creditors reject IMF-aligned offer
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Ghana targets $654 million in treasury bill auction amid market caution
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Nigeria’s debt-to-GDP set to surge to 67% amid $21.5 billion borrowing plan
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Nigeria opens retail savings bonds at lower yields after rate hold
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Tensions soar in Ghana as opposition financier Wontumi arrested over illegal mining
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Ivorian investors prop up Senegal’s debt amid fiscal uncertainty
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UEMOA inflation seen slowing to 2% in May as global food prices ease
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Cameroon Taps BEAC Market for CFAF 70 Billion to Cover Budgetary Gaps
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Tinubu seeks Senate nod for $21.5 billion foreign loan to fund infrastructure
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World Bank Cuts Kenya Growth Outlook to 4.5% as Risks Mount
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Senegal pledges structural energy price cuts with GTA gas launch
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Benin Secures CFAF 30 Billion from WAEMU Debt Auction Amid Strong Demand
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Zambia keeps policy rate steady after signs of inflation cooling
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Tinubu Submits ₦1.48 Trillion Rivers Budget to National Assembly Amid Political Stalemate
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Cameroon Banks on Mining to Offset Oil Decline and Drive New Growth
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Senegal Secures €2 Billion Islamic Finance Deal to Boost Infrastructure and Trade
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Cameroon Authorises $340 Million Eurobond as Fiscal Pressures Mount
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Côte d’Ivoire Raises $133 Million in Debt Sale as Investors Favour Credibility
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WAEMU Debt Issuance Surges 96% as Governments Favour Longer Maturities
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IMF Warns WAEMU May Miss Revenue Target Until 2048 Amid Weak Tax Collection
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Nigeria holds key rate at 27.5% as CBN weighs inflation and external risks
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Côte d'Ivoire strikes $7 billion U.S. energy deal to fuel industrial ambitions
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Tinubu’s re-election campaign gains early momentum amid opposition realignments
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Senegal sells CFAF 44 billion in bonds despite debt concerns
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Ramaphosa in Washington as Trump’s tariffs rattle Africa’s economic core
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AU proposes $814 million budget for 2026 as push for self-funding intensifies
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Ghana’s T-Bill undersubscription raises market jitters, tests investor confidence
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Oil rush drives Namibia’s record $6bn FDI surge
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Nigeria’s inflation eases ahead of key interest rate decision
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Cocoa and coffee surge boosts CEMAC's commodity index
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Gabon eyes IMF lifeline as debt pressures mount
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Senegal swings to trade surplus as export revenues surge
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Cameroon faces debt repayment crunch as external servicing costs surge
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Nigeria Seeks $500m Climate Fund to Drive Green Growth
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Egypt Awards $1.26bn in Golden Licences to Strategic Projects
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Cameroon’s domestic arrears hit $1.4bn as liquidity pressures deepen
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Namibia Inflation Slows to 3.6%, Giving Central Bank Room to Pause
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Ghana’s Goldbod CEO under fire for viral cash-gifting video
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Uncertainty grows as Cote d’Ivoire opposition leader quits race
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AU Unveils Bold Fiscal Plan to Cut Debt Dependence
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Mozambique pins recovery on gas boom—but Cabo Delgado unrest lingers
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Nigeria opens ₦300bn Sukuk bond offer to fund infrastructure shortfall
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Nigeria’s lawmakers pass key tax reform bills amid revenue-sharing dispute
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Senegal to try ex-justice minister over CFAF 250m graft case
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Gabon to exit Eurobond market as debt strategy shifts to local-currency funding
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Casablanca bourse to launch equity derivatives market with MASI-20 futures
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Ivory Coast yield curve inverts as investors shun longer bonds
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Ghana inflation slows for fifth month, hits 21.2% in April
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Senegal’s Mining Windfall Lifts Budget Revenues, EITI Data Shows
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Nigeria revives cocoa board to regulate booming sector
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Investor caution builds in CEMAC bond market despite jump in issuance
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Mozambique Plans Rail Expansion to Tackle Port Congestion and Speed Up Exports
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Top Banker Henri-Claude Oyima Appointed as Gabon’s New Finance Minister
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Ghana Triples Gold Reserves in Under Two Years to Bolster FX Stability
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Mozambique banks on LNG to ease budget strain
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Côte d’Ivoire to Build National Gold Refinery to Boost Local Processing
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Senegal Raises CFAF 193 Billion as Shift to Regional Borrowing Accelerates
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Volkswagen to Launch Ride-Hailing Service in Ghana as Regional Expansion Accelerates
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Nigeria to Launch Africa’s First Full Open Banking Framework in August
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Cameroon Plans Major Fuel Depot to Prevent Future Shortages
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Namibia Eyes Net-Exporter Status with Green Ammonium Fertiliser Project
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Equatorial Guinea’s Mass Deportation of Cameroonians Raises Fears for Regional Integration
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Escalating Farmer-Herder Violence Fuels Political Risk in Nigeria
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Ghana Bets on Gas Plant to Cut $600 Million Fuel Bill, Ease Power Woes
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Senegal's Sparking Backlash
Senegal’s Prime Minister Says Country Gets Just 13% of Oil Revenues, Sparking Backlash
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Benin’s BIIC Bank Joins West African Stock Market After Record Share Sale
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Nigeria's Foreign Reserves Climbs
Nigeria's Foreign Reserves Climb Above $38 Billion, Strengthening Economic Buffers
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Mass Defections to APC Spark Fears of One-Party Rule in Nigeria
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Mozambique’s Public Debt to Exceed 100 % of GDP Through 2027, Says IMF
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Gabon’s New Dawn Must Balance Bond‑Market Faith with Voter Demands
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Gabon' New Dawn Must Balance-Bond Market
Nigeria to Sell ₦350 Billion in Bonds After Fitch Upgrade
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BCEAO Foreign Reserves Leap 42 % to CFAF 13.5 Trillion
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Côte d’Ivoire Raises CFAF 454 Billion in Record WAEMU Debt Auction
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Kenya’s Central Bank Seeks to Scrap Risk-Based Loan Pricing for Benchmark Rate
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Cooler Weather Brightens Outlook for West Africa’s Mid-Crop Cocoa Harvest
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Senegal Raises CFA 99 Billion in Oversubscribed Regional Bond Sale
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Rwanda Issues 10-Year Bond to Raise RWF 10 Billion for Infrastructure
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Tinubu–Shettima Rift Rumours Swirl Despite Presidency Denial
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Côte d’Ivoire Inflation Cools to 0.5 %, Lowest Since 2020
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Egypt Cuts Key Rates by 225 Basis Points, Opening a Long‑Awaited Easing Cycle
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Contract Impasse Halts $650 Million Temane Gas Plant in Mozambique
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AFC Pledges €900 Million to Fast‑Track Senegal’s Vision 2050
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China’s Zijin Mining seals $1bn acquisition of Ghana’s Akyem Gold Mine in global expansion push
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Ghana Unveils Sweeping VAT Overhaul as Part of IMF-Backed Fiscal Reforms
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Tanzania Reopens 12.5% Two-Year Treasury Bond to Raise $28.77 Million
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Sonko Hails $700M Bond Windfall, But Questions Linger Over Senegal's Sustainability
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Kenya Reopens Doors to New Banks After 10-Year Freeze, Raising Capital Bar for Entrants
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WAEMU Growth Seen at 6.5% in Q2 2025, But Construction Sector Drag Deepens
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Nigeria Slashes Petrol Imports as Local Refining Capacity Surges
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Tensions mount in Ghana as Gold Fields lease rejection threatens over 1,000 jobs
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Nigeria’s Inflation Resumes Upward Climb, Clouding Outlook for Rate Cuts and 2025 Budget Goals
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Ghana Moves to De-Risk Oil and Gas Investment with New Licensing Reforms
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Ghana’s Gold Trade Ban on Foreigners Sparks Applause — and Questions About Execution
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Senegal Targets $2 Billion in 2025 Financing as Sonko Eyes IMF Deal and Sukuk Revival
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Niger debt faces market test as BCEAO ends regulatory shield
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Militant Group Claims Pipeline Attacks in Niger Delta, Escalating Political Tensions
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Toyota Eyes Namibia’s Green Hydrogen Iron for Asian and South African Steel Mills
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East Africa Launches Unified Stock Index Covering 85% of Regional Market
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Niger Misses Debt Sale Target as Liquidity Pressures Mount
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Tanzania Secures Trade Finance Boost to Support SMEs and Stabilise Currency
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Senegal’s Energy Minister Cautions Against ‘Magical Thinking’ on Oil Wealth
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Burkina Faso Faces Rising Yields as Investor Caution Grows Over Fiscal Risks
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Côte d’Ivoire Secures IMF Staff-Level Deal, Eyes $740 Million Disbursement
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U.S Bill Targets IMF Supports
U.S. bill Targets IMF Support to CEMAC Over Disputed FX Reserves
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Nigeria’s Current Account Surplus Nearly Triples to $17.22 Billion in 2024
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Mozambique’s Economy Contracts 4.87% as Protests and Storms Batter Growth
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Tanzania Inflation Hits 12-Month High as Food and Energy Costs Climb
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Ivory Coast raises $260m in first post-Eurobond local sale
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Namibia’s Annual Inflation Falls but Price Pressures Persist
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Mozambique’s Domestic Debt Hits Record as Moody’s and S&P Sound the Alarm
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Kenya Cuts Key Rate as Credit Growth Remains Sluggish
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Senegal Begins Paying Domestic Arrears as IMF Freeze Raises Stakes
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West Africa’s Silent Monetary Tightening Forces Banks to Hoard Liquidity
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West Africa’s UEMOA Forecasts 6.3% GDP Growth in 2025 Amid Improved Trade
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Kenya’s Private Sector Rebounds, but Outlook Weakest in a Decade
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Central African States Boost FX Reserves but Regional Imbalances Persist
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Benin Caps Debt Issuance Despite Strong Investor Demand
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Senegal’s Economy Surges 11.6% on Oil Production Boost
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Congo Targets 63% Debt Reduction as IMF Warns of Distress
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Mozambique Fuel Shortage Worsens as Currency Crunch Hits Imports
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Nigeria's CBN Says Foreign Exchange Reserve Grew By $20B in 2024 Amidst Naira's Weak Performance
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Tinubu Reshapes NNPC Leadership in Push for Oil Sector Reform
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Côte d’Ivoire Lifts Cocoa Farmgate Price as Election Nears
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Ghana Abolishes E-Levy and Betting Tax in Major Fiscal Policy Shift
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Ghana Opens IMF Fourth Review Talks as Deficit Overshoots Target
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Côte d’Ivoire cuts fuel prices ahead of elections, raising fiscal questions
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Nigeria’s Private Sector Expands for Fourth Straight Month
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Ghana’s Treasury Bill Sale Misses Target Again as Investor Caution Grows
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Ghana Maintains Hawkish Stance as Central Bank Lifts Policy Rate to 28%
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Ghana Hikes Benchmark Rate by 100 Basis Points to Tame Inflation
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Senegal Returning to Regional Market With $245 Million Bond Offering
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Gabon Creates Independent Debt Fund to Regain Investor Confidence
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Kenyan Banks Face Ksh78.7bn Exposure to State-Owned Firms’ Non-Guaranteed Debt
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Nigeria’s Lawmakers Propose Shared Control of Natural Resources
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Burkina Faso Raises $63m Days After Ordering Bank Deposit Seizures
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Côte d’Ivoire Issues First CFA Eurobond in Landmark Deal
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Equity Group Leans on Regional Units as Kenya Market Softens
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Mozambique Cuts Key Rate to 11.75% Despite Inflation Uptick
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Congo to Roll Out New Gas Code in Bid to Boost Output
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