Markets Coverage

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

  Togo

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

  United States of America

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  RMB Botswana opens April 8 trading on BSE for Barloworld Equpment BWP105 mn bond

  Botswana

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

  Egypt

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  Air Arabia adds three flights to weekly Rabat-Agadir schedules

  Morocco

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

  Morocco

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

  Zimbabwe

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  Botswana asks G7 nations to Review Diamond Tracking Prog

  Botswana

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

  South Africa

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  Vantage Capital invests R346mn into SA’s Procera Group

  South Africa

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  Kenya: Mining permits approval on after 4-year freeze

  Kenya

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  Kenya, France ink Deal to Fund Nairobi Commuter train

  France

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  Tanzania cuts port charges 50% for cargoes to Zambia

  Zambia

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  President Ruto opens Cemtech Clinkerisation plant in Sebit

  Kenya

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

  Uganda

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  Ghana raises cocoa farmgate price by 58%

  Ghana

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

  Nigeria

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  Nigeria due for another $1bn Afreximbank loan in May

  Nigeria

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

  Egypt

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  Econet Zim. clarifies share reconstruction of EcoCash Holdings

  Zimbabwe

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  FTSE Russel upgrades NSE from Restricted to Pass

  Kenya

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

  Nigeria

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  IMF team holds ECF/EFF progress reports in Nairobi

  Kenya

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

  Senegal

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

  Ivory Coast

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

  Zimbabwe

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  More pain at fuel pumps for South Africans effective April 3

  South Africa

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  Djibouti’s sovereign wealth fund seeks co-investors at first investment forum

  Djibouti

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  Bamburi Cement warns FY23 profit will dive a quarter of FY22

  Kenya

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  Morocco: S&P outlook on BB+ to positive from stable

  Morocco

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  Pres. Al-Sisi sworn in for 3rd term as IMF tops up Egypt’s funding support by $5bn

  Egypt

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  NSE FY23: Int. Inc. -21%; Other Inc. +64%; EPS +40%; Cash Div Ksh 0.16

  Kenya

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  Nigeria’s energy prices set to triple in weeks on higher gas prices

  Nigeria

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  Ethiopia in talks with IMF for c.$3.5bn loan as Paris Club March 31 deadline looms

  Ethiopia

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  Moody’s upgrade Tanzania to ‘B1’ from ‘B2’; Outlook Stable from Positive

  United Republic of Tanzania

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  Tunisia’s insurance sector posts $1bn turnover in 2023

  Tunisia

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  Egyptian EFG Holdings turnover up $315mn in FY23

  Egypt

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  End of 18% returns for investors as CBK rejects Sh37bn bids

  Kenya

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  Uganda diaspora inflows up 13.4% in 12M-ended Jan.

  Uganda

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  Egypt announces upward review of fuel prices

  Egypt

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  SARB to hold repo at 8.25% at March meeting – Poll

  South Africa

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  Fitch affirms Arab Tunisian Bank at ‘B-‘; Outlook Stable

  Tunisia

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  Zambia, Zim. Sign tripartite MoU to strengthen trade, invt. Ties

  Zambia

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  Uganda state oil firm begins fuel sales after Kenya fallout

  Uganda

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  Ghana signs visa waiver agreement with Malawi

  Ghana

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  Pressure mounts on Malawian Kwacha, dips by 3%

  Malawi

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  Battered Zim$ falls beyond 20,000 per US$ in official trade

  Zimbabwe

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  Cardoso and team walk tightrope to March 26 rate decisions

  Nigeria

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  Nigerian Naira Africa’s worst-performing currency (-73.8%) since start of 2022 - BBG

  Nigeria

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  Econet Wireless declares 0.55 cents cash dividend, payable April 3

  Zimbabwe