Markets Coverage

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  Mozambique central bank holds interest rate direction meeting today July 22

  Mozambique

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  South Africa’s central bank will probably keep its benchmark interest rate unchanged and lower its economic-growth forecasts at its meeting today July 22

  South Africa

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  Tunisia foreign trade surges in June, beats pre-pandemic period; Exports up 17.1% (June), higher 27% (HY1); Imports 23.3%

  Tunisia

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  Egypt's Financial Regulatory Authority approves Arab Banking Corp offer to buy Bloom Egypt for $427mn

  Egypt

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  Lesotho gets AfDB's $4.25mn funding support to broaden the country's tax base, boost revenue

  Lesotho

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  SA Unrest: Pick n Pay (136 stores), Shoprite (200), Massmart (44); total stores looted stands at 1,059

  South Africa

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  South Africa's inflation slows to 4.9% in June despite increase in food, transport prices

  South Africa

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  Cooperative Bank of Kenya reports Sh1.3bn loss on Covid-19 relief measures

  Kenya

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  Kenya gives cold shoulder to Pres. Biden’s new global minimum tax deal for multinationals

  Kenya

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  Top 50 finalists emerge in Africa’s Bus. Heroes 2021 Prize Competition, with Nigeria leading with 12 contestants

  Nigeria

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  ABSA sees sub-Saharan Africa economic growth of 3.2% in 2021, according to Bloomberg

  South Africa

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  Zimbabwean authorities to allow pension funds to invest offshore, reports Herald newspaper

  Zimbabwe

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  Kenya Central Bank seeking legal 'teeth' to regulate digital lenders, reports Bloomberg

  Kenya

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  Central Bank of Uganda take over regulation of mobile money service providers from Communications Commission

  Uganda

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  Foreign investors outflow from Kenyan bourse slows down as market recovers

  Kenya

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  Nigeria's central bank chief, Godwin Emefiele says new NGN1.5tn infrastructure company (InfraCo Plc) due to start 3Q 2021

  Nigeria

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  Investec says it was launching its first day-to-day business banking account, in a push to attract customers among South Africa’s more than 100K mid-sized firms.

  South Africa

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  Mozambique Central Bank slaps $4.6mn fine on Standard Bank over fraudulent activities; 2 other bank staffers also fined.

  Mozambique

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  Nigeria Sovereign Investment Authority (NSIA) plans further capital raising toward the completion of the Lagos-Ibadan HIghway

  Nigeria

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  Central Africa regional bourse BVMAC looking to 10 new listings between now and 2025.

  Democratic Republic of the Congo

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  International Bank of Somalia has issued the country's first-ever Visa Card

  Somalia

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  The African Union has chosen Rwanda as the continental headquarters for the new African e-trade Group

  Rwanda

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  Egypt's annual headline inflation accelerated slightly to 4.9% in June from 4.8% the prior month -Bberg

  Egypt

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  Ethiopia in Negotiations to Restructure $1 Billion More of Country's Debt, reports Bloomberg

  Ethiopia

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  Zimbabwe Stock Exchange set to operate a Central Securities Depository

  Zimbabwe

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  EFG Hermes Holding approved increasing company's paid-in capital via the distribution of a 0.2:1 stock dividend

  Egypt

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  Central Bank of Egypt (CBE) allows commercial banks to offer commercial registry and real estate registration

  Egypt

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  FBN plans to open 50 new community branches nationwide, while most of its JSE-listed peers are closing branches, with greater banking, reports Moneyweb.co.za

  South Africa

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  Kenya raises its capital subscription as a shareholder in Shelter Afrique by Ksh1 billion

  Kenya

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  BRVM-listed Uniwax SA to pay total net dividend of CFA F373.5mn

  Ivory Coast

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  Egyptians were net sellers (85.09%) on the stock exchange on Thursday. Arabs were net buyers (6.5%) and Foreigners net sellers (5.76%)

  Egypt

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  Caledonia Mining picks financial advisor in plans to list on the new Victoria Falls Stock Exchange before 2021 year end.

  Zimbabwe

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  FIRS asks local banks to freeze accounts belonging to big pay-TV provider Multichoice Nigeria and Multichoice Africa over $4.4bn tax matters

  Nigeria

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  MFW4A launches new website platform for long-term finance in Africa, providing data and information on bankable projects, etc.

  Ivory Coast

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  Executive Chairman of African Energy Chamber, NJ Ayuk in Nigeria this week garnering more support for the forthcoming African Energy Week in Cape Town, SA in November.

  Nigeria

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  Zimbabwe will start circulating a new 50 Zimbabwe dollar note from July 7, central bank governor John Mangudya said. 360mn Zim$ ($4.2mn) worth of new notes would be injected immediately into the banking system, making it easier for Zimbabweans to use cash in day-to-day transactions.

  Zimbabwe

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  Congo DR Appoints Ex-IMF Official as First Female Central Bank Governor, Malangu Kabedi-Mbuyi

  Democratic Republic of the Congo

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  Uganda's 1Q Current Account Deficit Narrows to $710.07m, While May M3 Money Supply Rises 8.68% Y/y, reports Bloomberg

  Uganda

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  Fitch Ratings reviews Union Bank Nigeria's outlook to Stable from Negative, affirms IDR rating at 'B-'

  Nigeria

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  Zimbabwe's energy regulator suspends plans to review fuel prices based on current global oil market development

  Zimbabwe

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  Egypt's Purchasing Managers' Index (PMI) rose to 49.9 in June from 48.6 in May, according to a Bloomberg report.

  Egypt

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  EFG Hermes Holding's Kenyan unit launches its online equity trading platform for retail investors

  Kenya

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  Nile Misr Healthcare, the investment arm of Misr Capital and Elevate Private Equity, is planning to finalize 3 acquisition deals before the end of 2021

  Egypt

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  Access Bank, MTN, Zenith, Dangote Cement, GTBank stocks in new NGX Exchange Traded Derivatives as well as two stock indexes

  Nigeria

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  Crude oil prices rise as OPEC+ in-fight mainly between Saudi Arabia and the UAE continues ahead crucial August decision to increase oil supply

  Austria

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  Ecobank Nigeria to inaugurate "Elevate", a new banking programme targeted at women in business on July 7 in Lagos.

  Nigeria

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  Seplat Energy Plc hosting capital market event for investors and market professionals at the London Stock Exchange July 29

  United Kingdom

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  MTN Reports Disruption to Services in Eswatini Amid Protests, says Bloomberg Report

  Swaziland

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  Republic of Cameroon's EU685m 11-Year Paper Priced At 5.95%

  Cameroon

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  FNB Eswatini Branches Closed For Safety Amid Protests - Bloomberg

  Swaziland

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  Seychelles GDP Contracts for Fourth Straight Quarter, Cuts Benchmark Interest Rate as Virus Outbreak Rages - Bberg

  Seychelles

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  Fitch Ratings Revises Outlook On Two Ghanaian Banks To Negative - Bberg

  Ghana

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  Tanzania's Serengeti Breweries donates Sh2.3 billion to support Covid-affected bars

  United Republic of Tanzania

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  Mauritius Budget Gap Widens To 6.6% Of GDP On Extra Expenses, Raises Gdp Growth Forecast For 2021 To 5.4% - Bberg

  Mauritius

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  Zimbabwe Reserve Bank Maintains Key Interest Rate at 40%, according to Bloomberg Report

  Zimbabwe

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  Investors in Nigerian stocks lost a whopping NGN1.3 trillion in the first half of 2021

  Nigeria

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  Kenya June Consumer Prices Rise 6.32% Y/y, Est. +5.7% On The Back of Food Costs

  Kenya

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  Nigeria's revving up privatisation plans in HY2 2021 via investors webinar holding July 13 in collabo with NGX Plc and NIPC

  Nigeria

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  Eskom woos World Bank, AfDB, other investors into a R104bn ($10bn) coal power generation exit programme ahead COP26 Summit in Glasgow

  South Africa

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  Egypt's Financial Regulatory Authority approves first green bond issuance by CIB

  Egypt

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  IMF okays fresh $2.5bn 3-year funding window for Sudan in latest move of support, even as protests continue in Khartoum.

  Sudan

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  Zimbabwe set to launch Mercantile Exchange in July

  Zimbabwe

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  Board of Directors of MTN Nigeria meets July 29 to discuss first half of 2021 financial statements

  Nigeria

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  Fitch affirms 'B+' rating of Kenya's Stanbic Bank, KCB Group, KCB Bank; outlook Positive on the lenders

  Kenya

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  Zimbabwe's headline inflation continues slipping, hitting 106.5% in June against 161.91% posted in May

  Zimbabwe

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  South Africa's petroleum industry draft bill passage may delay until year 2022

  South Africa

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  Nigeria's Senate to consider and likely pass the long-awaited Petroleum Industry Bill on Thursday after years of debate, redrafting, etc.

  Nigeria

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  GoldStone reports net loss of $610k in the 12 months to 31 Dec. 2020, vs a loss of $655k in 2019; net assets at $10.85m; Cash and cash equivalents were US$701k vs $90k

  Ghana

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  Anglo American reports the sale of its 33.3% interest in the Cerrejon coal operation in Colombia to Glencore for US$294m cash

  South Africa

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  Financials Index (-2.26%) on Monday drag JSE ALSI lower, ZAR also falter among emerging market peers on tighter virus lockdown

  South Africa

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  Egyptian stocks down -0;30% on Monday, halting a 5-day winning streak, driven by declines in Ess Steel (-5.98%), Orascom Inv.(-5.38%) and GSK (-4.31%)

  Egypt

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  Ghana's President HE Akufo-Ado speaking at June 29 AIMAfrica Conference holding under the Authority of the Government of UAE

  United Arab Emirates

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  Nigeria deposit insurer to start payment of uninsured deposits to customers of 14 lenders already in liquidation, 7 of which are microfinance banks.

  Nigeria

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  NGX-listed NPF Microfinance Bank Rights Issue and Public Offer closes Wednesday, June 30

  Nigeria

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  Zimbabwe Central Bank moves to allow big miners to export 'a portion' of their output in a latest change of mining policy in Southern African country.

  Zimbabwe

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  Agri-Investments and Capital Markets (AICM2021) - Accessing Alternative Funding Instruments for Agri Financing holds June 30 in Lagos

  Nigeria

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  The AfDB Group with financing from the Italian Technical Cooperation Fund, has provided €990,000 grant to help smaller agro-processing enterprises boost production and quality control in Mozambique

  Mozambique

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  Total turnover in Nigeria's FX Spot, Forwards and Futures markets for week ended June 25 was $808.02mn, an increase of 38.39%. The week-on-week increase in turnover was driven largely by 25.47% ($124.59 million) increase in the FX Spot turnover.

  Nigeria

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  South African business groups say tighter pandemic lockdown will hurt the economy

  South Africa

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  Entire 29.431bn shares of Tier-1 lender GTBank delisted today June 24 from NGX trading board and replaced with entire share capital of the new GT Holdco Plc

  Nigeria