Markets Coverage

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  April 14: Directors of more than 4,000 licensed #Nigeria #FX Bureaux or #BDCs are meeting today for a crucial engagement with some 3 top officials of @cenbank the new @officialEFCC chief and officials of the @NigFiu #frontierafrica

  Nigeria

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  Ghana Stock Exchange records significant GH¢2.79 billion in returns for Q1 2021 – Report

  Ghana

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  BREAKING: Newly-demutualised @ngxgrp goes for debut trading today on @NASDNG under ticker: #SDNGX the first of such cross-listing for securities exchange in #Nigeria

  Nigeria

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  Kenya Shilling Strengthens on Impending IMF Disbursements

  Kenya

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  #Ghana Treasury Bill Yields on 12th April 2021. Yields continue to fall for shorter t-bills but remain over 10%.

  Ghana

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  Trading activity at the @NSE_PLC in Q1 2021: - Ksh 199.4b worth of bonds traded [Q1 2020: Ksh 150.4b] - Ksh 31.8b worth of equities traded [Q1 2020: Ksh 43.6b] - Market capitalization dropped by 4.1% from Ksh 2,541B in February to Ksh 2,437B in March 2021.

  Kenya

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  Sameer Africa, one of the largest tyre manufacturers in East Africa, reported a KSh43 million net profit at the end of December 2020

  Kenya

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  BOTSWANA STOCK EXCHANGE (BSE) MARKET PERFORMANCE REPORT FOR PERIOD 1 JANUARY TO 31 MARCH 2021

  Botswana

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  CBK to recover Sh727m stolen Treasury bonds from banker

  Kenya

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  Deuxième édition de la BRVM Awards 2021: les meilleurs acteurs du marché financier régional célébrés

  Ivory Coast

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  British American Tobacco(BAT) Kenya Plc shareholders are expected to approve a final dividend of KSh 41.50 per ordinary share, or a total of KSh 4.5 Billion- to be paid on 12th May 2021

  Kenya

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  JSE welcomes listing of Sygnia’s global, sustainability-linked ETF

  South Africa

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  April 12: #Aurelien Mali, a VP & Sovereign Analyst at @MoodysInvSvc says: "President #Talon seems likely to win the elections given the partial boycott from the opposition and the resulting lower participation."

  Benin

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  April 12: #Aurelien Mali, a VP & Sovereign Analyst at @MoodysInvSvc says: "President #Talon seems likely to win the elections given the partial boycott from the opposition and the resulting lower participation."

  Bajo Nuevo Bank (Petrel Is.)

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  CMA hearing of Carbacid’s BOC buyout yet to kick off

  Kenya

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  Cameroon: Public debt rose by over XAF4,000 bln in 2016-2020 (CAA)

  Cameroon

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  MARKET WRAP: JSE ends week firmer with banks faring best

  South Africa

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  Le journal Financial Afrik a été primé ce 10 avril, meilleur journal Financier par le jury des BRVM Awards. L’événement phare du marché régional de l’UEMO a salué le media pour son travail de vulgarisation at service de la finance africaine.

  Ivory Coast

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  Nairobi Securities Exchange - Monthly Bulletin (Barometer)- March 2021.

  Kenya

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  News: "The overall volume of trading on the #Algiers Stock Exchange fell by 64.8% in 2020, in part due to covid-19", writes @ecofinagency

  Algeria

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  Ecobank Transnational Incorporated appoints Tomisin Fashina as Group Executive, Operations & Technology

  Togo

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  #BRVMConvocationAG #Bank Of #Africa #BurkinaFaso : Assemblée Générale Mixte, le Jeudi 1er Avril 2021, à 10 Heures dans la Salle WANGO de LAICO HOTEL OUAGA 2000

  Ivory Coast

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  CBK cut the benchmark rate to 7% from 7.25% in April 2020, at the onset of the covid19 pandemic, and has retained the rate ever since.

  Kenya

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  Take note, Co-operative bank of Kenya dividend book closure is tomorrow 31 March 2021. Dividend payment on or before 14th April 2021.

  Kenya

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  London, March 30, 2021: "Nigeria's banking outlook remains negative; Asset risk will increase and government support capacity is weakening", @MoodysInvSvc new report says #frontierafrica

  Nigeria

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  CBK to Sell 18-year Bond Worth Ksh 60bn, Strong Demand Projected. The bond is currently on offer until 06/04/2021. Its coupon is market-determined.

  Kenya

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  News: #SA saw FDI inflows of R51.1bn for all 2020, down from inflows of R74.0bn in 2019. Portfolio investments, reflecting a record of buying and selling of securities recorded inflows of R24.1bn in 4Q vs. outflows of R39.5bn in 3Q.

  South Africa

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  US Treasury is pleased to provide same-day bridge financing of approximately $1.15 billion to help Sudan clear its arrears at the World Bank. This is a key milestone in Sudan’s efforts to advance debt relief and to restore economic stability.

  Sudan

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  Equity Group will on 29th March 2021 hold an investor briefing to announce its 2020 full-year Financial Results.

  Kenya

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  Sidian bank [@SidianBank], an unlisted Kenyan bank, just reported their 2020 annual results: - Net interest income is up ~16.5% - Loan loss provisions are down ~54% - Total operating income down ~8.3% - Profit after tax down ~83% - Significant movement in deferred taxes

  Kenya

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  Everything unchanged at the Central Bank of Nigeria after latest policy meeting:

  Nigeria

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  Absa Bank [@AbsaKenya] reported earnings today: - Net Interest Income up 1% - Total profit after tax down 23% - Impairments up 115% #AbsaFinancialResults2020

  Kenya

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  Listed investment company Centum [@CentumPLC] issues a profit warning! Profits for FY ending 31st March 2021 will be 25% lower than the year before.

  Kenya

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  La République du Mali et la Banque Mondiale ont procédé ce mardi 23 mars 2021à la signature d’un accord de financement du Projet dénommé Amélioration de la qualité et des résultats de l'éducation pour tous (MIQRA) ». #Banquemondiale #Mali

  Mali

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  Telecom Egypt raises proposed dividends for 2020

  Egypt

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  Central Bank of Kenya: - Between March 2020 & Feb 2021, 1.7T loans restructured in total (57% of baking sector gross loans) - Over 95% of 569.3B outstanding restructured loans (Feb 2021) were being repaid - Restructured loans have up to June 3rd, 2021 to regularise loans

  Kenya

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  The Central Bank of Kenya on Tuesday announced the extension of the loan repayment measures put in place for bank customers whose loans were performing before 2nd March 2020, for another three months to 3rd June 2021.

  Kenya

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  #SA: Headline CPI inflation to have moderated to 3.0% y/y in February. #GlobalMarkets

  South Africa

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  March 24: @NigeriaGov big capex release of c.NGN1.3tn in year 2020 was good news for @DangoteCement and @Lafarge_Africa as latest FY earnings show: @DangoteCement paid c.97bn in tax, revenue hits 1 trillion Naira, div NGN16.50 @Lafarge_Africa free cash flow NGN3.6bn, 1 Naira div

  Nigeria

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  #BRVMConvocationAG #Bank Of #Africa #BOA #Senegal - Assemblée Générale Ordinaire, le Vendredi 26 Mars 2021, à 9 Heures 30 minutes, à l’immeuble Elan II au 2ème Etage, Almadies, Zone 12, Route de Ngor à #Dakar

  Ivory Coast

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  WAEMU: Bank of Africa's West African subsidiaries’ 2020 performance affected by higher cost of risk

  Ivory Coast

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  News: @nsenigeria listed financial services holding company @StanbicIBTC announces 360 Kobo per share cash dividend for FY 2020.

  Nigeria

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  Old Mutual posts annual loss of $ 385 million in 2020

  South Africa

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  News: #Nigeria's investment and securities trading firm, @CordrosCapital has initiated coverage of the #Ghanaian economy and discuss its views on #growth, #inflation, #currency, #monetary policy and #fiscal policy.

  Nigeria

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  SATRIX WINS 10 ETF AWARDS #SALTA2021

  South Africa

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  News: The #Egyptian Prime Minister, Dr. #Mustafa Madbouli, held a meeting with Dr. #Mohamed Farid Saleh, Executive Chairman of The Egyptian Exchange (EGX), last month to discuss EGX’s performance in 2020.

  Egypt

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  Le Ghana va émettre un eurobond à coupon zéro avec une maturité de quatre ans, ainsi que des instruments à 8 ans, 13 ans et 21 ans. Les échanges avec les investisseurs ont eu lieu ce mercredi 24 marscomme rapporté à Financial Afrik par des sources

  Ghana

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  It has been 365 days since we activated our business continuity plan and made the transition to remote trading to support the fight against #COVID19. We thank all our stakeholders for supporting us even as we continue to deliver a seamless experience

  Nigeria

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  @airtelafrica's MoMo gets $200mn; @TheRiseFund inv.; @seplatpetroleum refinance $100mn facility; North-South in NGRs Gurara hydro power, etc.

  Nigeria

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  The Bank has launched and priced a $2.5 billion 5-year Global Benchmark bond due 23 March 2026. This represents the Bank's largest 5-year dollar Global Benchmark ever issued, as well as its largest orderbook achieved for a 5-year benchmark transaction

  Ivory Coast

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  Official denial of money laundering allegations attributed to a BGFIBank DRC executive

  Democratic Republic of the Congo

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  BREAKING: Hong Kong - 19 Mar 2021: Fitch Ratings has affirmed #Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook.

  Nigeria

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  South African Financial Regulator, FSCA, Issues a Second Crypto Warning Amidst Increasing Crypto Asset Losses Among Consumers in 2021

  South Africa

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  Exchange Rates for 18th March 2021. For more on exchange rates, visit https://t.co/Qubzw3sX2K

  Rwanda

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  Co-operative Bank Group on Thursday posted a 24.4% fall in 2020 net profit to Ksh 10.8 billion in FY2020 attributed to a 219.5% spike in loan loss provisions.

  Kenya

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  #Rand: Feeding off the Fed frenzy.

  South Africa

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  The results of the Treasury Bills auction held on 18 March 2021.

  Kenya

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  News: @EBRD provides US$50 million loan to #Banque du Caire to boost #MSMEs in #Egypt A further US$ 50 million trade finance limit to fund private-sector trade loans and guarantees; financial package to support the local economy.

  Egypt

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  March 18: @DMONigeria today lists its 3rd Sovereign Sukuk of NGN162.557 BN 7-YR 11.200% AL IJARAH SUKUK DUE 2027” on @nsenigeria and @FMDQGroup The #Sukuk at issuance was overbought to the tune of N669.124bn or 446%, issued to finance 44 econ road projects across country

  Nigeria

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  #BulletinOfficielDeLaCote La séance de cotation du Jeudi 18 Mars 2021. The trading session of the Thursday March 18th, 2021

  Ivory Coast

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  March 18: Nearly eveything is down from #WallStreet equity indices to #Oil falling most in 6mths, taking $Gold and $Silver down as #US10YR heads toward 2%. In #frontierafrica @gtbank earnings lift @nsenigeria #EGX lost 11,000 handle, @JSE_Group up, #GSE dips below 2,200

  United States of America

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  March 18: Nearly eveything is down from #WallStreet equity indices to #Oil falling most in 6mths, taking $Gold and $Silver down as #US10YR heads toward 2%. In #frontierafrica @gtbank earnings lift @nsenigeria #EGX lost 11,000 handle, @JSE_Group up, #GSE dips below 2,200

  US Naval Base Guantanamo Bay

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  @DMONigeria, today, listed the N162.557billion, 7-year, FGN Ijarah Sukuk with a rental rate of 11.20%, on the Exchange. The 3rd Sovereign Sukuk was issued in June 2020, to finance the rehabilitation & construction of key economic road projects across the country.

  Nigeria

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  Good insight in @AfDB_Group Africa economic outlook 2021. My top 3 charts. 1. Highlights reduction of financing flows to continent from a little over 8% GDP to just over 6%. Biggest hit was via portfolio flows (into African countries' stock markets & domestic bond markets)

  Ivory Coast

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  News: "We estimate global debt to have hit a record $201 trillion by end-2020, equivalent to 267% of GDP. But a near-term debt crisis is unlikely given the continuing recovery of the global economy," @SPGlobalRatings writes in a new report released today.

  United States of America

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  News: "We estimate global debt to have hit a record $201 trillion by end-2020, equivalent to 267% of GDP. But a near-term debt crisis is unlikely given the continuing recovery of the global economy," @SPGlobalRatings writes in a new report released today.

  US Naval Base Guantanamo Bay

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  The Republic of Congo offers $182 million of 5-year domestic bonds to help repay debt and fund development projects, Finance Minister Calixte Nganongo says

  Republic of the Congo

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  KCB Group secures a US$ 150 Million credit facility to enable it to increase lending to climate-friendly projects and SMEs

  Kenya

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  Kenya Ponders Floating Another Eurobond to Settle Maturing US$8.5Billion Debt

  Kenya

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  SEC Requires GH¢5.5 bln (US$956 mln) To Fully Settle Asset Management Investors

  Ghana

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  The Federal Reserve will stop its regular buying of agency commercial mortgage-backed securities after March 23 because that market is now functioning smoothly, according to a NY Fed statement released on Wednesday.

  United States of America

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  The Federal Reserve will stop its regular buying of agency commercial mortgage-backed securities after March 23 because that market is now functioning smoothly, according to a NY Fed statement released on Wednesday.

  US Naval Base Guantanamo Bay

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  News: @cenbank and @NgComCommission have announced that Unstructured Supplementary Service Data (USSD) services for financial transactions will be charged at a flat rate fee of N6.98 per transaction, starting Tuesday.

  Nigeria

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  KCB group [@KCBGroup ] have just presented their FY 20 results: Posted a net profit of KShs. 19.6B [a 22% decline] attributed to higher provisions for loan losses & subdued economic activity associated with the COVID-19 pandemic which hit business performance.

  Kenya

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  Nigerian Treasury Bills Primary Market Auction Results for today, 17-Mar-21. Stop rates for the 91-day & 182-day bills remained flat for the 2nd consecutive auction. However, the 364-day bill rose further by 50bps to 7.0%.

  Nigeria

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  Homeboyz Entertainment Plc - Statement to Investors (Profit Warning Announcement)

  Kenya

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  @theflutterwave raises $170 million #SeriesC funding for expansion drive. Looks like Africa's payment system isn't playing!

  Nigeria

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  @nsenigeria has formally ended its 61-year history as a mutual #exchange and now begins a new horizon or future as a demutualised #exchange and as a group of companies.

  Nigeria

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  News: @FMDQGroup has granted the approval for the Listing of the #TSL SPV PLC ?12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond under its ?50.00 billion Bond Issuance Programme on the Exchange’s Platform

  Nigeria

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  March 10, 2021: @MoodysInvSvc has upgraded the sovereign credit rating of #BeninRepublic to 'B2' the same as @NigeriaGov but #Benin outlook raised to POSITIVE from Stable, while #Nigeria outlook is NEGATIVE.

  Benin