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Category: Markets

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Senegal Projects $900 Million in Oil and Gas Revenues by 2027
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Shoprite to Close Abuja Branch as Nigeria's Business Exodus Continues
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Nigeria's $2.8 Billion Gas Pipeline Set for Completion in Early 2025
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Ghana's COCOBOD Strives for Sustainable Cocoa Production Amid EU Regulations
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Dangote Refinery Accuses International Oil Companies of Sabotage
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Zambia’s Finance Minister Proposes $1.6 Billion Supplementary Budget
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Kenyan Lawmakers Unmoved by Anti-Tax Protests, Vow Continued Support for Finance Bill
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Paris Summit Commits €1 Billion to Accelerate Africa's Vaccine Production
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Ghana Secures Eurobond Restructuring Deal Worth $13 Billion
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Ecowas Resumes Talks on Single Currency Introduction
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Rainfall Brings Relief to West African Cocoa Farmers After Record Heat
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ENI to Sell 30% Stake in Ivorian Exploration Operations for €1 Billion
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Rising Costs Diminish Ghana's Gold Industry Attractiveness to Investors
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Gulf Sovereign Wealth Funds Intensify Bids for Egypt Telecom's Stake in Vodafone Egypt
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Chevron Signs Deal to Explore for Oil in Angola’s Ultra-Deep Waters
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Investor Demand Surges in Nigeria's Open Market Operations Auction
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Oil-rich Gabon turning to Cameroon to raise $300 million
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IFC Partners with Nigeria's Johnvents Industries to Boost Cocoa Processing Capacity
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Ghana’s Economy Grows by 4.7% in Q1 2024, Boosted by Industrial Sector
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Safaricom Unveils Nine Startups for Revamped Spark Accelerator Program
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Nigeria’s Oil Production Declines to 1.25 Million Barrels Per Day
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Ivory Coast Surpasses South Africa in Credit Rating Boost
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Ghana’s Fiscal Deficit Fears Lingers Amid Debt Relief Efforts
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Blackrock to Liquidate Frontier and Emerging Market Fund
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Ghana's Cocoa Industry Prepares for Rebound After Record Low Production
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Nigeria’s Debt Trap Fears as Servicing Doubles
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Nigeria’s Inflation Surges to 33.95% in May, Driven by Rising Food Costs
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Ramaphosa Re-elected South African President After Striking Deal with Opposition
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Kenya's Central Bank to Raise Core Capital Requirements for Commercial Banks
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CBK Surpasses Ksh60 Billion Bond Target Amid Investor Preference for Short-Term Instruments
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NNPC Ends Suit Opposing Sale of ExxonMobil Assets to Seplat Petroleum
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World Bank Approves $2.25 Billion Loan for Nigeria to Stabilise Forex Market and Fund Budget Deficit
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Ethiopia Seeks Wheat Self Sufficiency With $94 Million AfDB Funding
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Kenyan Shilling Strengthens to 20-Month High Against Dollar
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Ghana's Economic Outlook: Modest Growth in 2024 with Stronger Rebound Expected
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Border Dispute Between Benin and Niger Halts Oil Exports to China
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Multinationals Reassess Nigerian Market as Tolaram Buys Guinness Nigeria Stake
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Nigeria’s GTBank Group to Raise $337.46m for Expansion
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Ghana Secures Landmark Debt Agreement with Official Creditor Committee
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Ghana's Ruling Party Faces Election Blow Amid Power Crisis
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Woodside Energy Pumps Oil From Senegal’s First Offshore Field
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NNPC and Golar LNG to Launch Floating LNG Plant in Niger Delta
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China and Tunisia Seek One Billion-Dollar Currency Swap Deal
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Ghana's Cedi Gains as Central Bank Intervenes
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Afreximbank Lends $40 Million to Nigeria’s Fidelity Bank for UK Acquisition
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Small-Scale Miners Propel Ghana’s Gold Production to 4.5 Million Ounces in 2024
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Trapped Miners in Nigeria Highlight Urgent Need for Mining Regulation
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Egypt Attracts Carry Traders with High-Yield Bonds
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Egypt Eyes $2-3 Billion Eurobond to Bridge Fiscal Gap
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U.S. Begins Withdrawal from Niger Military Base as Russia Deepens Regional Ties
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Egypt Prepares for Cabinet Reshuffle as Austerity Measures Loom
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Kenya Boosts Diaspora Remittances Forecast to 12% on Strong 2024 Start
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Kenya to Use World Bank Loan to Settle Eurobond, Stabilising Shilling
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Morocco's Corporate Bond Market Shows Resilience with $21 Billion in Activity
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Nigeria Exchange Touts Role in New Financing as Gombe Issues Green Bonds
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Egypt’s Defence Ministry Seeks $2.5 Billion in International Debt Markets for Infrastructure Projects
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Ghana to Revise Tax Framework for Mineral Exploration
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Zambia to Realign 2024 Budget to Address Economic Challenges
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Kenya Central Bank Holds Key Rate Amid Surging Loan Defaults
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Kenya’s Domestic Debts Surpass Foreign as Interest Rates Peak
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Interest on Nigerian Savings Bonds Soars as Monetary Policy Tightens
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Nigeria Aims to Stabilise FX Market with Oil Export Proceeds
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Retail Investors Reignite Kenya's Capital Markets
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Nigerian Unions Suspend Indefinite Strike for 5 Days for More Talks with Government
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Zambia and IMF Reach Staff-Level Agreement on Economic Policies
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South Africa Faces Uncertain Economic Future as ANC Seeks Coalition
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Bank of Ghana Records $743.09 million Loss for 2023
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Nigeria to Streamline Tax System to Woo Investors
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CBN Revokes Heritage Bank's License Over Poor Financial Performance
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ANC Faces Coalition Reality as Majority Slips After 30 Years
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Kenya Secures $1.2 Billion from World Bank to Address Budget Constraints
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Nigeria Eyes 480,000 bpd Boost in $1.28B ExxonMobil-Seplat Deal
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Zambian Stakeholders Optimistic Following Bondholder Approval of Eurobond Restructuring
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MKP Surges in Election, Now Third Behind ANC and DA
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Ghana's Banking Industry Threatened with Non-Performing Loans
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Bank of Zambia Issues New Forex Trade Regulations to Curb Currency Depreciation
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South Africa Votes in Pivotal 2024 General Election
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Tanzania's CRDB Eyes Acquisitions in DRC Amid Fierce Market Share Race
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Bank of Ghana's Aggressive Strategy to Halt Cedi Depreciation: Can It Succeed?
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Nigeria's Current Growth Insufficient to Meet Year-End Target
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KCB Surpasses Equity Bank in Q1 Earnings Showdown
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Ghana Faces Fiscal Discipline Challenge in Election Year
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Ghana's Cocoa Earnings Plummet by 50% in First Four Months of 2024
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Bank of Ghana Maintains Monetary Policy Rate at 29%
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Foreign Investment Outflows Cast Shadow on Nigerian Equities Market
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Zambia Aims for 79.3% Domestic Funding in 2024 Budget
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Ghana’s $2.32B Forex Boost as Experts Urge Caution and Reforms
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Safaricom and KCB Partner to Offer $241 Million in Overdrafts to Merchants
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Kenyan Banks Avert Liquidity Crisis
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Ghana Nears Final Agreement with Bilateral Creditors
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Ghana Achieves Economic Milestones but Faces Continued Challenges, Says Finance Minister
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Tunisian Court Sentences Journalists Sparking Fears of Media Crackdown
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Kenya Plans Aggressive Tax Increases
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Kenya's Central Bank to Regulate Expanding $1 Billion BNPL Market
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Ghana's Cedi Expected to Continue Slide
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Ghana to Launch Second Gold-Backed ETF by Year-End
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Cameroon Minister Warns Opposition Against Political Unrest Ahead of 2025 Elections
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Ghana's Finance Minister Unveils SME Funding Plans
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Ghana’s Crude Oil Production Declines for Fourth Consecutive Year
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Safaricom's $150 Million Capital Raise in Ethiopia to Test Young Markets
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Nigeria Hikes Interest Rate to 26.25% In Effort to Tame Inflation
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Experts Divided on Nigeria's New Interest Rate Increase
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Zambia Extends Load-Shedding to 12 Hours
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Jacob Zuma Barred from Running in South African Elections
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Ghana’s Central Bank Likely to Maintain Policy Rate as Inflation Bites
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Dangote Sugar Unveils New High-Yield Bonds
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New Investments and Power Challenges Shape Zambia's Mining Future
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Kenya to End Tax Incentives on Infrastructure Bonds
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ANC Faces Coalition Scenario
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Nigeria’s Inflation Climbs to 33.69% During Food Price Surge and Naira Devaluation
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Naira Continues Slide Ahead of Central Bank Meeting
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Bank of Zambia Hikes Interest Rate to 13.5% Following Inflation Concerns
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Chinese Firms Invest $1 Billion in Morocco's Automotive Battery Sector
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Tunisian Government Crackdown Sparks Protests
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Soaring Funding Costs Strain Kenyan Banks as Interest Rates Hit 12-Year High
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Ghana Accelerates US$1 billion Disbursements to Support Economic Rebound
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Kenya's Domestic Debt Challenges Intensify with Ksh391.9bn Redemption Due
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Kenyan banks forecast lower forex income from volatile Q1
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Atlantic Lithium Begins Trading on Ghana Stock Exchange
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Nigeria to Revamp Visa Policy to Boost Tourism and Investment
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Zambia Targets Economic Revival Through Strategic Debt Restructuring Efforts
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Mozambique Faces Renewed Insurgency Attack in Strategic Town of Macomia
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Ghana settles with local bond holders
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Ghana’s Central Bank Pledges to Bolster Ghana's FX Reserves as Cedi Slumps
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Zambia's capital market outperforms expectations
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Shell to Restructure South African Operations Amid Global Changes
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Ghana's Inflation Dips to 25% Amid Monetary Policy Debates
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Namibia Secures $138.5 Million World Bank Loan for Energy and Economic Development
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Ghana Stock Exchange Hits All-Time High Following Investor Optimism
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Nigeria Seeks $2.25 Billion in World Bank Loans
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Ghana Anticipates Crucial Debt Restructuring MoU in May
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Kenya Boosts Economic Confidence with Eurobond Buyback
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Namibian President Hage Geingob Diagnosed with Cancer, Set for US Treatment
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Ghana's Anti-LGBTQ Legislation Threatens $3.8 Billion in World Bank Lending
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Ethiopia Faces Financial Hurdles as IMF Loan Talks Progress
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IMF Greenlights $600 Million Tranche for Ghana within Extensive $3 Billion Support Scheme
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Nigeria's Financial Sector Faces a New Era Following Tragic Loss
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Copperbelt Energy Corporation Launches Zambia’s First Green Bond for Solar Energy
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Senegal Faces Constitutional Crisis Over Election Delay
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South Africa's Political Landscape on the Brink of Transformation
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Rwanda, Belgium Seal New Bilateral Cooperation Agreement
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Egypt Secures $35 Billion UAE Investment for Mediterranean Development
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Senegal Election Delay Sparks Crisis and Market Turbulence
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Ivory Coast leads Africa return to bond market
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Tanzania Adopts New Interest Rate-Based Monetary Policy
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South Africa's Central Bank Holds Interest Rates Steady
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Tunisia’s Central Bank's Independence at Risk
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Angola Exits OPEC
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UAE and Congo-Brazzaville Finalise CEPA Terms to Boost Bilateral Trade
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Senegal Navigates Pre-Election Tensions as Top Contender Excluded
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South Africa Braces for Pivotal Election
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Afreximbank's Strategic Infusion into Cameroon's Future
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Senegal's Presidential Transition in Limbo
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Ivory Coast Faces Cocoa Shortfall Stirring Global Supply Fears
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Ethiopia Advances in Tech Infrastructure Development
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Rwanda's Central Bank Keeps Interest Rate Unchanged at 7.5%
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Namibia Upgrades Economic Outlook After Oil and Mining Boom
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Morocco's Central Bank Stands Firm on Interest Rates
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Ivory Coast's Cashew Sector Awaits Government Lifeline
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Egypt Adjusts Economic Sails
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Nigeria in Economic Turmoil as Naira Crumbles and Inflation Soars
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Mozambique Sets Sights on Economic Revival with Sovereign Wealth Fund and IMF Boost
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Zambia's Central Bank Escalates Fight Against Inflation with Sharp Rate Hike
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Ghana Utilises IMF Funds to Tackle Energy Sector Debt
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Ghana Seeks to Revitalize TEN Field Amidst Declining Oil Production
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IMF Decision on Ghana's Funding tied to Debt Restructuring Progress
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Ghana's Parliament Greenlights $300 Million World Bank Loan for 2024 Budget Support
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Tullow Oil Reports $110 Million Loss Amid Declining Field Productivity and High Impairments
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Ghana Battles $1 Billion Cocoa Smuggling Crisis Amid Production Decline
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Senegal Schedules Presidential Election, Calming Political Tensions
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Egypt secures Expanded $8 Billion IMF agreement
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Seplat Energy Eyes $1.3 Billion Exxon Mobil Nigeria Deal
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Zambia Wrestles with Drought Impact on Power and Agriculture
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Ghana's Finance Ministry Eyes March Deadline for Debt Restructuring Amid Leadership Shift
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Ghana's Cocoa Revenue in Jeopardy as Disease Decimates Farms
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Ghana Urged to Curb Off-Balance Sheet Borrowing Post-IMF Program
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Vice President Bawumia Touts $10 Trillion Gold Reserve as Economic Savior for Ghana
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Egypt's Inflation Rate Declines Offering Brief Respite
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Ghana's Eurobond Debt Renegotiation Faces Challenges as Creditors Push Back
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Senegal's Electoral Crisis: A Test for Democracy
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New Tax Threatens Profitability of Ghana's Gold Mining Industry
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Ghana Seeks Leniency in Eurobond Debt Talks Ahead of IMF Review
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MTN Group Announces $215 Million Investment in Benin Telecoms
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Naira Hits Historic Low as Rates Bite
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Fitch Boosts Gabon's Outlook as world Bank Backs Digital Growth
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Egypt Confronts Economic Hardships as Austerity Bites
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Ghana Faces Stiff Resistance in Eurobond Restructuring Talks
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Ghana Navigates Tightrope in Eurobond Debt Restructuring
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IMF Approves $684 Million Disbursement to Strengthen Kenya's Economy
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Kenya's Green Debt Swap for Social Good as $2 Billion Deadline Approaches
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Ghana Nears Debt Relief Agreement, Eyeing $600 Million IMF Tranche
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IMF Set to Review Ghana’s Program Following Major Debt Restructuring Agreement
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Ghana Accelerates Debt Restructuring Talks with External Creditors
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Seychelles' Central Bank Governor Caroline Abel Announces Departure
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