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Category: Markets

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Moody's Downgrades Ratings of Three Major Kenyan Banks Amid Sovereign Stress
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World Bank to Disburse Over $2 Billion for Cameroon’s Vision 2035
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Dangote’s Refinery Challenges Nigeria's Political and Business Elite
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Nigeria Faces Protests Over Economic Hardships Aiming for Regime Change
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Kenya Central Bank Reopens Infrastructure Bonds Seeking KES 50 Billion
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Nigeria to Issue $500 Million Diaspora Bond to Bolster Economy
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Standard Chartered Kenya Sees Tenfold Surge in Sustainable Finance Revenue
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Nigerian Businesses Criticise Interest Rate Hikes Amid Economic Struggles
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IMF Urges Kenya to Draft New Tax Strategy as Amnesty Ends
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Kenyan Fund Managers Shift to High-Interest Bank Accounts
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Zambia Sets Ambitious Economic Goals for 2027
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African Trade Blocs Reach Milestone for Unified Commerce Bloc
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Ghana Revises Economic Targets Following Debt Restructuring
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Vedanta Resources Regains Control of Konkola Copper Mines, Seeks Partners for Expansion
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Nigerian Cocoa Farmers Warn Heavy Rainfall Threatens 30% Output Growth
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Nigeria’s Central Bank Raises Benchmark Rate To 26.75%
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Kenyan Shilling Continues to Slide
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Cameroon to Borrow $1 Billion for Development Projects and Debt Settlement
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Kenya’s Austerity Measures Hit Development Plans Following Revenue Shortfall
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Can Tinubu Tax His Way Through as Nigeria's Oil Output Struggles?
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Ghana Confronts Economic Challenges and Policy Risks
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Nigeria Government and Labour Party Clash Over Planned Protest
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Ghana Faces Unprecedented Crisis in Cocoa Industry
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Nigeria to Continue Fuel Imports Despite Dangote Refinery Launch
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Ghana Unveils Green Bond Guidelines to Boost Sustainable Investment
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Kenya Freezes Public Sector Pay Increases Amid Fiscal Constraints
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Nigerian Government Announces New Minimum Wage of N70,000
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Cameroonian Official Restricts Entry to Yaoundé Amid Political Tensions
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Ghana's Repo Market Surges in H1 2024 Amid Investor Shift
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Ghana’s Fiscal Performance Improves in Second Quarter of 2024
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Nigeria Sets Ambitious Cocoa Production Target for 2025
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Kenyan Markets Rebound After Anti-Government Protests
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Lobito Atlantic Railway Begins Operations with First Cargo Shipment
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Fitch Predicts Recovery for Ghanaian Cedi in Second Half of 2024
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Foreign Investors Fuel Significant Growth on Ghana Stock Exchange in H1 2024
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Kenyan Lenders Face Downgrade Threat Amid Sovereign Debt Crisis
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Cameroon’s Bipaga Plant Powers Keda Ceramics, Boosts Job Growth
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Armed Conflicts in Cameroon Fueling Illicit Drug Trafficking and Abuse
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Ghana Launches SME Growth Programme to Boost Business Ecosystem
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Botswana, Zimbabwe, and Mozambique Sign Rail Deal for Coal Exports
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Nigeria’s Stake in Dangote Refinery Drops to 7.2%
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Nigeria’s Inflation Rate Climbs to 34.19% in June
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Montage Gold Secures 20-Year Permit for Major Ivorian Gold Project
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Ghana Struggles to Curb Illegal Mining Impact on Cocoa Farms
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Nigeria’s Supreme Court Grants Financial Autonomy to Local Governments
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Ghana Unveils Ambitious 10-Year Housing Plan to Address Shortage
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Kenya’s CPF Group Proposes Debt-to-Bond Conversion for Pension Arrears
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Starlink Sees Stong Growth in Kenya Amid Demand for High-speed Internet
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Tanzania's Amsons Group Bids KES23.59 Billion for Bamburi Cement
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Nigeria Reaches Agreement with Producers for Market-Price Crude Supply to Local Refineries
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Mauritania's Resource Wealth Holds Multi-Billion Dollar Potential, Says AfDB
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African Exchanges Linkage Project Expands to Nine Markets in Phase Two of Integration
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Nigeria Risks $20 Billion in Cocoa Exports Due to Processing and Sustainability Issues
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Kenya Mulls Taxing Popular Infrastructure Bonds
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Kenya's President Dismisses Entire Cabinet, Save for Two Key Positions
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Kenya’s Leading Companies Regain Dominance on NSE as Shilling Strengthens
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Kenya Seeks Public Input on Major Overhaul of State-Owned Enterprises
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Cameroon's President Seeks Extension for National Assembly Mandate
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VAALCO Energy to Invest $300 Million in Gabon by 2025
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Marriott International Expands into Angola
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South Africa Seeks to Revise Major Climate Deal
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Ghana's Cocoa Industry Faces Revenue Decline Amid Bean Shortage
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Moody's Downgrades Kenya’s Ratings Amid Fiscal Policy Shifts
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Zambia Optimistic as Vedanta Takes Over Konkola Copper Mine
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Senegal Cancels $750M Contract with Saudi Firm
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Nigerian Central Bank Signals Potential Slowdown in Rate Hikes
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Kenya Freezes New Hiring Amid Economic Challenges
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Kenya's Bond Market Rejects Government's Tap Sale Amid Rising Borrowing Appetite
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Ghana Cocoa Board Faces Rollover of Forward Contracts
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ECOWAS Deliberates Future After Three Members Opt Out
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Ghana's Finance Ministry Announces Creditors Approval of Eurobond Agreement
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Nigeria Selected as Headquarters for Africa Energy Bank
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Kenyan Business Activity Declines Sharply in June Amid Protests
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Ghana Secures $100 Million World Bank Funding to Revitalise Cocoa Farms
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NPP Announces Running Mate for 2024 General Elections
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Daraju Industries Launches Series 28 Commercial Paper Notes
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Nigeria's Naira Nears Convergence Between Official and Parallel Market Rates
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Nairobi Bourse Leads African Peers in H1 Returns, Faces Threat from Protests
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Kenya Halts Pay Rises for State Officials Amid Public Pressure
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IMF Projects Slight Rebound for Cameroon's Economy by Year-End
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Ghana's H1 Reserves Soar Past IMF Targets
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Ghana to Launch Consent Solicitation for Eurobond Debt Restructuring
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Cameroon’s Petroleum Revenues Fall Short of Expectations
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Kenya’s Forex Reserves Dip After Eurobond Settlement, Remain Adequate for Import Cover
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Uganda Begins Direct Fuel Imports with Arrival of First Shipment in Kenya
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IMF Projects Stronger Economic Growth for Ghana
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Central Bank of Nigeria Alters Foreign Currency Deposit Procedure to Boost Market Convergence
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Kenya to Revise Borrowing to KES1 Trillion Amid Tax Protests, Says President Ruto
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Morocco Finalises Incentive Package to Attract Foreign Investments
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Nigerian Cocoa Farmers Revitalise Farms Amid Global Price Surge
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Ghana's Finance Minister's Claims of Debt Restructuring Disputed by Independent Power Producers
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WTO and Afreximbank Join Forces to Boost Cotton Processing in West Africa
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Cameroon Seeks $761 Million from International Capital Markets to Clear Debt
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Cote D’Ivoire to Construct 150,000 Social Houses Through Private Investments
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Higher Interest Rates Loom for Kenya's $385 Million Bond
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Ghana Aims to Lead Sub-Saharan Africa in Salt Production, Diversify Economy
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Naira Faces Renewed Pressure Despite Increased Foreign Currency Inflows
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Airtel Africa Buys Back Over 21 Million Shares Amid Currency Devaluation
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Ghana's Financial Landscape Transforms with New OTC Market Launch
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Cameroon's $876 Million Supplementary Budget Faces Harsh Criticism
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Killings, Arrests, and Abductions Mark Kenya's Protest as Finance Bill Passes
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Ruto Suspends Controversial Finance Bill, Faces Budget Crisis
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Orano Weighs Options After Niger Withdraws Uranium License
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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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