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FX Africa

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

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Markets Coverage

JSE-listed Spar Group heads to A2X for secondary listing

South Africa
Tanzania Inv. Centre crowned Best Investment Promotion Agency in Africa

United Republic of Tanzania
Equity Group life insurance triples market shares to become 4th largest underwriter

Kenya
Safaricom reports annual operating loss of Ksh45bn on Ethiopia market entry

Ethiopia
George Muthui appointed Liquidator for Kenya Motors & Equipment

Kenya
Morocco: Growth Forecast At 2.7% for Q2 2024

Morocco
Morocco, Pakistan to Boost Trade via Direct Flights

Pakistan
Ghana Stock Exchange reaches record GH¢80bn market cap.

Ghana
Yields flat at CBN NTB auction; but subscriptions stay high

Nigeria
Nigeria's total pension contributors top 10.28mn in 1Q

Nigeria
Chinese company Hailiang to Open New Plant in Morocco

Morocco
AfDB Adesina advocates Media Prize, Fellowship, Funding support for Africa media, journalists

Kenya
Foreign investment fuels growth in Egypt’s real estate sector

Egypt
GAFI, Crédit Agricole Egypt collabo to attract FDIs

Egypt
Zimbabwe to produce 77% less food in 2024: Maize -72% on drought

Zimbabwe
Musk’s SpaceX execs meet Botswana Pres. to extend Starlink operations

Botswana
Kenya Power to close register for payment of 4% and 7% Preference Shares on June 30

Kenya
ARC Leads Climate Talks in Joburg; payouts top $60mn

South Africa
Municipals failing infrastrucutre is SA’s next electricity crisis

South Africa
Kenya: Diamond Trust Bank seeking CEO as Nasim Devji reassigned

Kenya
StanChart Uganda awarded Best Performing Pri. Market Maker 2023

Uganda
Zenith Bank Ghana posts 1Q profit jump of 41%

Ghana
Shell Nigeria pays $1.09bn tax, royalties to FG in FY23

Nigeria
EBID first ECOWAS investment forum fetched total of $501mn in deals

Togo
World Bank says Africa to grow 3.8% in 2025; public debt growth slowing but unsustainable

United States of America
RMB Botswana opens April 8 trading on BSE for Barloworld Equpment BWP105 mn bond

Botswana
Egypt: Safwa Urban Devt. unveils $1bn Icon Mall in Badr City

Egypt
Air Arabia adds three flights to weekly Rabat-Agadir schedules

Morocco
Morocco’s Fuel Imports Dip 20% to $5.1bn in 2023

Morocco
Zimbabwe’s new currency, ZIG rallies as ZSE rejigs stocks pricing, etc.

Zimbabwe
Botswana asks G7 nations to Review Diamond Tracking Prog

Botswana
Canal+ makes $2.9bn all-cash offer to buy Multichoice

South Africa
Vantage Capital invests R346mn into SA’s Procera Group

South Africa
Kenya: Mining permits approval on after 4-year freeze

Kenya
Kenya, France ink Deal to Fund Nairobi Commuter train

France
Tanzania cuts port charges 50% for cargoes to Zambia

Zambia
President Ruto opens Cemtech Clinkerisation plant in Sebit

Kenya
Bank of Uganda raises rate to 10.25% despite soft March inflation

Uganda
Ghana raises cocoa farmgate price by 58%

Ghana
Unilever beats peers in FY23: Rev. +50%, PBT +152%

Nigeria
Nigeria due for another $1bn Afreximbank loan in May

Nigeria
Canon setting up photo studios at Kidzania, Cairo for 8-14 yr olds

Egypt
Econet Zim. clarifies share reconstruction of EcoCash Holdings

Zimbabwe
FTSE Russel upgrades NSE from Restricted to Pass

Kenya
Dangote Sugar opens up to NGN50bn commercial paper, closing April 5

Nigeria
IMF team holds ECF/EFF progress reports in Nairobi

Kenya
Africa’s youngest Pres. Faye promises ‘’systemic change’’

Senegal
Cote d’Ivoire to pay cocoa farmers more for beans as prices hit $10K/mtn

Ivory Coast
FBC Zim. FY23: Net Int. Inc. +68%; Total Net Inc. +138%; PBT +250%

Zimbabwe
More pain at fuel pumps for South Africans effective April 3

South Africa

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