Markets Coverage

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  Kenya bows to public pressure and reverses the latest petro-products price hike as the Treasury gives EPRA Ksh24bn in subsidies.

  Kenya

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  Ghana national oil company and local investors picked up sale of Occidental's two oil assets in the country, sources say.

  Ghana

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  E-Finance of Egypt reports its public share offering overbought some record 61.36 times.

  Egypt

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  SA banks: 'We can't turn our back yet on coal projects funding' in countdown to major climate change (COP26) summit.

  South Africa

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  In the footsteps of Air Mauritius, Tanzania gives national airline $258..7mn to buy 5 new aircrafts in tourism and travel reopening bid

  United Republic of Tanzania

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  Inter-Africa Trade Fair (IATF) holds Nigeria's leg of a continent-wide roadshow today in Lagos in the countdown to November main event in SA.

  South Africa

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  World not investing enough in clean energy sources to meet the pressing climate change crisis, says IEA

  France

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  Nigeria's Minister of Agriculture & Rural Development says the country floating a new four-year food supply programme.

  Nigeria

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  Ghana Central Bank gets miners' support to start a cedi-for-gold instead of USDollars buying programme.

  Ghana

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  Tanzania races to develop natural gas reserves; gets former UK PM Tony Blair to rebuild reputation and handle key projects like vaccine distribution

  United Republic of Tanzania

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  Ghana Government to borrow GH¢1.040 billion in fresh issuance for Q4 2021.

  Ghana

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  Angola Pushes October Cargo of Nemba Crude Into November.

  Angola

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  Zimbabwe Business Warns Currency in Peril, Urges Policy Response As Zim$ Falls 1.7%

  Zimbabwe

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  MTN Uganda urges investing public to open share accounts for the ongoing IPO.

  Uganda

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  IMF projected growth for Mauritius of 5.0% in 2021, which remains aligned with consensus, along with an expected growth of 6.7% in 2022.

  Mauritius

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  Total Sukuk issuances in Egypt are expected to reach EGP7.5bn by year-end, of which EGP2.5bn has already been issued.

  Egypt

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  U.S. President Joe Biden to meet with Kenyan President Uhuru Kenyatta on Thursday 14th.

  Kenya

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  South Africa's Treasury bans use of imported cement government-backed projects.

  South Africa

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  Ghana's annual inflation climbed for the fourth straight month to 10.6% in September from 9.7% in August, reaching its highest level since June of 2020.

  Ghana

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  Nigerian Exchange Limited approves Listing by Introduction of 1.96bn ordinary shares of NGX Group Plc Friday, October 15.

  Nigeria

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  Uganda market regulator says MTN listing on USE bourse will double the size of the equities market

  Uganda

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  Uganda's August money supply (M3) rises 9.46% on annualised basis as 2Q current account deficit widens to $1.28bn

  Uganda

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  Shelter Africa headquartered in Nairobi plans Ksh1.65bn housing prefab factory in Cameroon

  Cameroon

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  Egypt and Saudi Arabia sign $1.8bn power grid deal.

  Saudi Arabia

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  IHS Holding Limited announces its pursuit of an IPO on the New York Stock Exchange, looking to raise up to $432mn of new capital.

  United States of America

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  Bank of Africa Cote d'Ivoire posts a net income increase of 24% in the first six months of 2021

  Ivory Coast

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  NGX-listed energy trader Ardova Plc announces opening of book-build for its NGN22bn bond programme, closing October 15.

  Nigeria

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  Sonangol offers to sell Angola crude oil cargoes for November-December loading.

  Angola

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  Nigerian Exchange Group gets SEC approval to list 1.96bn shares via Introduction on its own Nigerian Exchange Limited, concluding its demutualisation process.

  Nigeria

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  Central African Banking Commission (COBAC) has sanctioned 12 banks in the CEMAC region for non-compliance with certain obligations and serious breaches in the fight against money laundering.

  Central African Republic

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  Morocco's HCP reports 5.9% growth in 2021.

  Morocco

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  Ghana's Kumasi airport expansion is said to be 77% complete and would be ready in June 2022.

  Ghana

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  Nigeria's President Buhari to present budget 2022 to Parliament on Thursday with amendments occasioned by new petroleum industry act, etc.

  Nigeria

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  Bank of Ghana sells $50mn at FX auctions after bids top $103.25mn.

  Ghana

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  Official bureaucracy, extortion, etc on exports at national airports compound Nigeria's FX shortage and exchange rate woes, as cargoes leave the country empty.

  Nigeria

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  Eni, ANPG, Sonangol sign MOU to develop agro-biofuel in Angola.

  Angola

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  Malawi court sentences FDH Bank founder to nine years in prison, reports Bloomberg.

  Malawi

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  Zambia finance minister says IMF programme likely in place by first quarter of 2021.

  Zambia

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  Air Seychelles enters reorganisation, appoints Administrators.

  Seychelles

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  RwandAir and Qatar Airways sign codeshare agreement

  Rwanda

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  Tanga Cement of Tanzania half year loss balloons to Sh7.8 billion.

  United Republic of Tanzania

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  Kenya's securities investment body unveils green finance online course.

  Kenya

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  Egypt's Banque Misr considers launching a low-carbon ETF tracker fund.

  Egypt

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  MTN Uganda IPO to raise estimated $1.2bn (Sh132bn), reports Reuters news agency

  Uganda

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  Mauritius Central Bank delays monetary policy meeting to October 20 from the initial date of October 6

  Mauritius

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  IMF Cautions As Nigeria's Crypto Market Value Surpasses NGN820trn.

  Nigeria

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  Angola Second Quarter GDP Rises 1.2% on the Year.

  Angola

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  Mauritius Broad Money Liabilities (Money Supply) has dropped 0.6% between August 2021 and July 2021, mainly due to a drop in Rupee deposits, which fell by 0.8% MoM.

  Mauritius

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  The record date for Abu Qir Fertilizers FY20/21 DPS of EGP1.30 is 17 October, the company announced in a bourse filing. The company will pay the DPS over two installments of EGP0.30 on 21 October and EGP1.00 on 30 December.

  Egypt

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  EFG Hermes Holding completed its advisory role related to the AED4bn (USD1.1bn) initial public offering of ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company, on the Abu Dhabi Securities Exchange

  Egypt