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Category: Markets

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Ghana Prepares for Decisive Election
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Nigeria’s $2.2 Billion Eurobond Sale Highlights Fiscal Challenges
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Biden Announces $1 Billion Food Security Funding During Historic Angola Visit
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South Africa’s GDP Contracts by 0.3% in Third Quarter
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IMF Disburses $360 Million to Ghana, Boosting Economic Recovery
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Ghana’s Parliament to Reconvene as Key Legislative Deadlines Loom
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Angola Strengthens Ties with Africa's Trade and Development Bank
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Opposition to Tinubu’s Tax Reforms Grows, Threatening Overhaul Plans
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Cameroon Tables $11.73 Billion 2025 Budget Amid Global Challenges
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Namibia’s Ruling Party Poised to Retain Power Amid Oil Boom Prospects
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Atlantic Lithium Cuts Operations as Ghanaian Mining Lease Delays Persist
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Ghana’s Presidential Candidates Sign Peace Pact Ahead of Elections
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Kenyan Banks Urge Larger Rate Cut to Revive Private Sector Lending
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Nigerian Cocoa Farmers Push for Return of Regulatory Boards
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Springfield’s Afina Oil Field Test Fuels Optimism for Ghana’s Energy Sector
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Zambia’s Capital Markets Surge Despite Economic Challenges
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Côte d’Ivoire Strikes Second 'World-Class' Gold Deposit This Year
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Angolan Eurobonds Plunge Following IMF Negotiation Denial
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Cameroon Secures €38.1 Million AFREXIMBANK Loan for Rural Solar Electrification
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Namibians Vote in Pivotal Election as Oil Wealth Looms
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Burkina Faso’s PM Urges Businesses to Relinquish Claims as Patriotic Gesture
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Ghana’s John Mahama Accuses Electoral Commission of Bias Ahead of December Vote
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Côte d’Ivoire to Allocate $6.6 Billion for Debt Servicing in 2025
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Ghana Readies for Special Voting as Election Day Approaches
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Nigeria Restarts Port Harcourt Refinery After Five-Year Shutdown
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Kuwait Unveils Real Estate Broker E-System to Modernise Property Transactions
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Nigeria’s GDP Grows by 3.46% in Q3, Driven by Services Sector
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Nigeria’s Central Bank Faces Pressure to Hike Interest Rates Again
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Kenya’s Central Bank Proposes New Rules to Strengthen Bank Liquidity and Stability
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Ghana’s Sovereign Wealth Fund Targets Stake in Canadian Miner
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Côte d’Ivoire Secures $137M as Rising Borrowing Costs Test Regional Markets
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Gabon’s $290M Eurobond Buyback Sparks Debate Over Debt Strategy
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Nigeria’s Cocoa Harvest Set to Rise 7% in 2024-25 Season
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Ruto Cancels Adani Group Deals Following US Fraud Indictment
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South Africa Cuts Interest Rate to 7.75% Amid Improving Economic Conditions
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African Nations Tighten Control Over Mineral Wealth Amid Global Demand
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UAE Raises AED 1.1 Billion in Oversubscribed Islamic Bond Auction
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COCOBOD Rejects Claims Linking Ghanaian Cocoa to Contamination
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Nigeria’s Lawmakers Mandate N500 Billion Recapitalisation for Power Firms
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Angola’s Economic Forecasts Draw Praise and Scrutiny
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Ghana Commissions $1.2 Billion Power Plant to Boost Energy Stability
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Saudi Arabia Issues SAR 3.42 Billion in November Sukuk Program
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Ghana’s Election Monitoring Group Warns of Electoral Misconduct
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Angola Offers 30% of BODIVA Shares to Public in Latest Privatisation Drive
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BoG Intensifies FX Liquidity Measures Amid Year-End Dollar Demand Pressures
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Ghana’s NDC Boycotts Emergency Parliament Sessions, Risking Mining Deals
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Ghana Considers Cutting State Stake in Oil Exploration to Attract Investment
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Kenya's unclaimed financial assets swell to $580m
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Senegal’s ruling PASTEF party declares victory in parliamentary elections
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Senegal Holds Parliamentary Elections as President Faye Seeks Majority
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Bawumia Challenges Mahama to Debate as Election Campaign Intensifies
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Nigeria’s Inflation Rises to 33.88%, Fueling Cost-of-Living Crisis
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Ghana’s Jospong Group Secures $400 Million from Afreximbank for Waste and Rice Projects
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Ghana’s Treasury Bill Issuance Faces Legal Hurdle Amid Parliamentary Standoff
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Nigeria to Raise $2.2 Billion in Bonds to Fund 2025 Budget
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Afreximbank Raises $530 Million with Debut Samurai Bonds
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IMF Approves $32 Million in Funding for Burkina Faso Amid Economic Challenges
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Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota
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Angola’s $1.3 Billion Credit Boost for Essential Goods Spurs Call for Agro-Industrial Investments
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Senegal to Renegotiate 27 Mining Contracts Amid Investor Concerns
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Zambia Hikes Policy Rate to 14% as Inflation Remains High
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Tanzania Eyes $9 Billion in Private Investment for Mega Projects Through PPPs
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Dangote Refinery, Nigerian Petrol Marketers, Strike Accord on Distribution
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Burkina Faso Foils November Coup Attempt, Seizes $10 Million Cash
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Nigeria’s New Army Chief Faces Rising Threat from Emerging Terror Group
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Mali Detains Executives from Australia’s Resolute Mining Amid Rising Tensions with Western Miners
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Dubai’s DIFC Completes $700 Million Sukuk Repayment on Schedule
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Kenya’s Forex Reserves Surge to Record $9.32 Billion Following IMF Boost
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Gabon Issues Oil Permits to Boost Declining Production
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Delay Hampers Ghana’s Largest Gold Mine Joint Venture Between Gold Fields and AngloGold Ashanti
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Nigeria Orders Urgent Overhaul of Power Sector to Halt Grid Collapses
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Protests Escalate in Mozambique as Opposition Challenges Election Results
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Safaricom Boosts Ethiopia Investment by Ksh7 Billion to Offset Currency Losses
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ARISE IIP and Afreximbank Lead $5 Billion Push for Africa’s Cotton Industry Revival
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Angola to Grant Nine New Oil Concessions in Push to Boost Production
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Senegalese President Bassirou Diomaye Faye. © dpa picture alliance / Alamy Stock Photo
Senegal and Turkey Set Ambitious $1 Billion Trade Goal in Landmark Deal
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Nigeria’s Chief of Army Staff Passes Away, Opening a Sensitive Transition in Military Leadership
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Ghana’s Half-Year Petroleum Revenue Surges to Record High
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Senegal to Renegotiate Canceled $750M Deal with Saudi Power Giant
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Nigeria Launches High-Yield Savings Bonds Amid Inflation and Rising Interest Rates
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Trump’s Return Puts Africa’s Interests on the Line
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Historic U.S. Election Kicks Off With Stakes for Global Policy and African Relations
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MTN Nigeria Launches New Commercial Paper Notes to Raise $30 Million
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Ghana’s Cocoa Farmers Demand Subsidised Agrochemical Supplies
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Cameroon Customs Intercepts Large Ammunition Shipment Bound for Capital
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J.P. Morgan Invests $300M in Senegal's Oil-Driven Economic Transformation
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Angola's Mid-Year Financial Report Reveals Surplus Amid Inflation Surge and Declining Oil Production
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Ethiopia’s Central Bank Launches Interbank Money Market to Boost Financial Stability
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Nigeria Launches Nine-Month Dollar Disclosure Scheme to Boost Economy
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Asante Gold Unveils $525 Million Financing to Boost Production at Ghana Mines
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Senegal Poised for 9.3% Growth in 2025 Amid Economic Resilience and Oil Boost
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Vaalco Invests $200 Million to Revitalise Gabon’s Oil Sector
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Nigeria’s Fuel War Looms: Dangote Urges NNPC, Marketers to Halt Imports
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Janngo Capital’s Venture Fund Surpasses Target with $78 Million Raised to Support Women-Led Businesses in Africa
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Orange and Mastercard Partner to Boost Digital Payments Across Africa
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South Africa Faces Exodus of Major Companies Amid Business Challenges
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South Africa’s Government of National Unity Sets Economic Revival Goals in Medium-Term Budget
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Nigerian Fintech Moniepoint Raises $110 Million, Nears Unicorn Status
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Kenya Faces Potential Power Rationing Amid Rising Demand and Limited Supply
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Angola Pledges Reforms After FATF Places Nation on Gray List
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Africa Finance Corporation Partners with Saudi Exim Bank to Boost Trade and Investment in Africa
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Nigeria’s Forex Reserves Rise by $3 Billion Amid Policy Shift and Increased Inflows
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IFC and CBN Sign Agreement to Boost Local Currency Financing for Nigerian Businesses
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Kenya’s HF Group Seeks KSh6 Billion Through Rights Issue to Boost Capital
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Starlink Reverses Price Hikes in Nigeria Amid Regulatory Pushback
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Angola’s Q3 Crude Exports Rise, China Remains Key Market
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Cameroon Projects Annual Inflation to Drop Below 4%
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Zambia Eyes Additional IMF Funding to Tackle Climate Resilience
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Atlantic Lithium Secures $6.7M for Ghana’s First Lithium Mine
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Ghana Halts Power Sector Restructuring Amid Strong Opposition
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Mozambique’s Ruling Frelimo Party Declared Election Winner Amid Protests
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Cameroon Aims to Broaden Tax Base, Sets 2025 Budget Priorities
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African Eurobond Selloff Extends for Third Day Amid Rising US Treasury Yields
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Saudi Arabia’s FDI Inflows Surge in 2023, But 2024 Targets Face Challenges
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Nairobi's Suburb Housing Prices Defy Economic Challenges
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Endeavour Mining Launches Production at Côte d'Ivoire’s Lafigué Mine
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President Tinubu Scraps Two Ministries, Sacks Five Ministers in Major Cabinet Reshuffle
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UAE Showcases Food Manufacturing Achievements at SIAL Paris 2024
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Zambia's Private Sector Alarmed by IMF’s GDP Downgrade to 1.2% for 2024
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Unease Grows in Nigeria Over Army Chief Lagbaja’s Absence
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Seplat Energy Gains by Daily Limit as Nigeria Approves ExxonMobil Asset Divestment
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Nigeria Seeks Investor Interest in Assets Ahead of Potential Bond Issuance
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South Africa Eyes Nuclear Power Amid Ongoing Energy Security Challenges
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Okomu Oil Palm Plc Sees 68% Profit Drop After Militant Attacks on Facilities
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Gachagua Impeached, Kindiki Takes Over as Deputy President-Elect
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Kenya to Begin Deregistering Firms Hiding Beneficial Owners
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Gasoline Shipments to Nigeria Plunge Amid Local Refining Surge
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Middle Eastern Sustainability Bond Issuance Reaches $16.7 Billion in First Nine Months of 2024
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Ethiopia’s National Bank Introduces Changes to Foreign Exchange Policy
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Oman’s Trade Surplus Reaches RO 4.3 Billion by July 2024, Boosted by Hydrocarbon Exports
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Dynacor to Invest in Artisanal Gold Mining in Senegal
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Angola's Public Debt Sustainable, Says President Lourenço, But Analysts Raise Concerns
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Crude Oil Production Soars 83.6% in Côte d'Ivoire Amid Major Oil Discovery
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IMF Raises Concerns Over Kenya’s $1.5 Billion Loan from UAE
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Angola Announces New Foreign Currency Debt Issuance
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Burkina Faso Adjusts 2024 Budget Amid Revenue Shortfalls and Spending Cuts
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Kenya Plans New Switch Bonds and Debt Buybacks to Ease Budget Pressure
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Cameroon Faces Uncertainty as President Biya’s Whereabouts Remain Unknown
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Angola’s Debt to China Declines as Trade Relations Strengthen
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Ghana’s Cocoa Sector Suffers as Smuggling Hits 120,000 Metric Tons
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Adani Group Seeks Tariff Hike After Securing $736 Million Deal with KETRACO
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Nigeria’s Inflation Surges to 32.7% in September on Rising Fuel Costs
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Saudi Arabia’s PIF Allocates $19.4 Billion to Green Projects Amid Sustainability Push
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Nigerian Telecoms Protest Starlink Price Hike Amid Market Tensions
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Nigeria Faces Risk of Disorder as Economic Crisis Deepens, Civic Groups Warn
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Ghana Resumes Eurobond Debt Servicing After Restructuring, Disburses $520 Million
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Nigeria Aims for 40,000 bpd Crude Oil Production Boost with New FPSO
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Burkina Faso’s Bond Issue Falls Short Amid Security Concerns and Investor Reluctance
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Gabon’s Oil Production Drops 11 Percent in Second Quarter
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Nigeria Opens Direct Petrol Purchases from Dangote Refinery
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Oman’s Revenues Rise as Oil Income Boosts Fiscal Performance
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Ghana's Pensioner Eurobond Holders Call for Exemption from Debt Restructuring
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Global Rail 2024 Concludes with Ten Strategic Agreements to Boost UAE Rail Network
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Angola’s Central Bank Injects $170 Million into Market to Stabilise Currency
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Kenya Seeks Early Access to Final IMF Loan Tranche
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Sharjah’s $750 Million Sukuk Draws Strong Investor Demand
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Kenya’s Central Bank Boosts Forex Reserves Through Dollar Purchases Amid Strong Inflows
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Nigeria’s 2024-2025 Cocoa Harvest Opens Amid Low Demand and High Interest Rates
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Moody’s Downgrades Senegal’s Credit Rating Amid Hidden Debt Scandal
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Zambia Seeks Global Mining Giants to Achieve 3 Million Tonnes of Copper Production by 2031
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Burkina Faso plans to withdraw mining permits
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Edo Refinery in Nigeria to Complete Major Expansion, Expects First Cargo by May 2025
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Kenya’s Parliament Impeaches Deputy President Gachagua
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Kenya’s Central Bank Makes Largest Rate Cut in Four Years
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Nigeria Opens 2-Year and 3-Year Bonds at 17.08%, 18.08% Coupons
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Saudi Arabia’s PIF Acquires 40% Stake in Selfridges Group Through Partnership with Thailand’s Central Group
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Ghana Declares Forest Reserves and Water Bodies 'Red Zones' Against Illegal Mining
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Pan-African Bank UBA Sees Double-Digit Growth Amid Economic Challenges
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Ecobank Launches $400 Million Senior Unsecured Notes at 10.125% Yield
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Kenya’s Mortgage Financier Eyes 2026 for Bond Issuance Amid High Interest Rates
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Kenya's Auditor-General Reveals Misuse of Development Loans
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Africa Gains Infrastructure Momentum as Global Resource Rivalry Heats Up
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West African Countries to Raise $2 Billion in Q4 2024
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AFC Returns to Global Debt Market with Oversubscribed $500m Eurobond
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Zambia Restructures 88% of External Debt Under G20 Framework
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Cameroon’s Oil Production on Declining Trend
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IMF Reaches Staff-Level Agreement for Ghana's Third Programme Review
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Saudi Aramco Completes $3 Billion Sukuk Offering Amid Strong Investor Demand
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Cameroon Contracts ARISE IIP for New Industrial Port Zone in Douala
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Nigeria Ends VAT on Natural Gas and Diesel to Boost Clean Energy Investments
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Kenya’s Listed Firms See Stock Surge as Investors Eye Corporate Deals
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Ghana’s Eurobond Restructuring Achieves Over 90% Participation, Official Confirms
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Ghana’s Organised Labour Set to Strike Over Illegal Mining
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Angola Detains 42 Chinese Nationals in Ongoing “Chinese Mafia” Crackdown
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ANPG to Grant 15 New Oil Licenses in Angola by Year-End
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Nigeria to Approve ExxonMobil Divestment “in Days,” President Tinubu Says
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Ghana's Inflation Rate Rises to 21.5% in September, Ending Five-Month Decline
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ExxonMobil Transfers Equatorial Guinea Assets to GEPetrol, Ending Decades of Operations
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Fresh Abduction in Southwestern Cameroon Could Slow Cross-Border Trade with Nigeria
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Oman Opens New Oil and Gas Concession Area Amid Push for Energy Expansion
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Nigeria Secures $1.57bn World Bank Loans for Social Services, Climate Change
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ADQ’s Second $2 Billion Bond Issue Over-Subscribed by 4.1 Times
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Saudi Arabia's FDI Stagnation Raises Concerns Over Vision 2030 Funding
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Zambia Sets K217 Billion ($8.4 Billion) 2025 Budget with 6.6% Growth Target
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Saudi Arabia Moves Ahead with 4,500 MW Renewable Energy Projects in Sixth Round
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CBK Returns to Market with Ksh30 Billion Bond Auction Amid Investor Caution
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Nigeria’s One-Year OMO 32% Yield May Dampen Real-Sector Activities
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BEAC Projects Inflation to Ease to 3% by 2025 After Hitting Three-Year High
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Nigerian Commercial Paper Rates Poised to Surge Following Central Bank Hike
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Côte d'Ivoire Raises $250 Million in Successful WAMU Public Debt Operation
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