Month: April 2021

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Launch of the Research Hub by african|markets: Access reports from the best analysts covering Africa’s frontier marketsRomuald Yongaon 26 April 2021 at 14:07 on 26 April 2021 at 14:07 on 26 April 2021 at 14:07 AFRICAN MARKETS: Business News

The african|markets team is proud to announce the launch of the Research Hub (hub.african-markets.com), an Africa-focused research distribution platform that connects investors to some of the best equity analysts covering Africa’s frontier markets. The african|markets team is proud to announce the launch of the Research Hub (hub.african-markets.com), an Africa-focused research distribution platform that connects investors ….  Read More

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Regional bourses commit to lure new investorsEnacy Mapakame | The Herald ZWon 19 April 2021 at 16:39 on 19 April 2021 at 16:39 on 19 April 2021 at 16:39 AFRICAN MARKETS: Business News

Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as well as attract new listings. Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as ….  Read More

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Bank of Uganda keeps policy rate unchanged at 7%Bernard Busuulwa | The East Africanon 16 April 2021 at 10:19 on 16 April 2021 at 10:19 on 16 April 2021 at 10:19 AFRICAN MARKETS: Business News

Uganda’s Central Bank kept its benchmark policy rate unchanged at seven percent Wednesday in a strategic move that promises stable lending rates amidst increased credit default levels and renewed strength in the value of the Uganda shilling against the US dollar. Uganda’s Central Bank kept its benchmark policy rate unchanged at seven percent Wednesday in ….  Read More

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Moody’s affirms the Republic of the Congo’s Caa2 ratings, maintains stable outlookMoody’son 13 April 2021 at 09:07 on 13 April 2021 at 09:07 on 13 April 2021 at 09:07 AFRICAN MARKETS: Business News

Moody’s Investors Service, has affirmed the Government of Republic of the Congo’s (ROC) Caa2 long-term issuer ratings. The issuer outlook remains stable. Moody’s Investors Service, has affirmed the Government of Republic of the Congo’s (ROC) Caa2 long-term issuer ratings. The issuer outlook remains stable.Read More 0 Shares

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Fitch Revises Cameroon’s Outlook to Stable; Affirms at ‘B’Fitch Ratingson 12 April 2021 at 19:28 on 12 April 2021 at 19:28 on 12 April 2021 at 19:28 AFRICAN MARKETS: Business News

Fitch Ratings has revised the Outlook on Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’. Fitch Ratings has revised the Outlook on Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’.Read More 0 Shares

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Fitch Upgrades Zambia’s LC IDR to ‘CCC’; Affirms FC IDR at ‘RD’Fitch Ratingson 12 April 2021 at 19:31 on 12 April 2021 at 19:31 on 12 April 2021 at 19:31 AFRICAN MARKETS: Business News

Fitch Ratings has upgraded Zambia’s Long-term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC’ from ‘CC’ and has affirmed Zambia’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’. Fitch Ratings has upgraded Zambia’s Long-term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC’ from ‘CC’ and has affirmed Zambia’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’.Read More 0 Shares

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Coca Cola Mulls Sale of its $6 Billion Africa UnitEunniah Mbabazi | Kenyan Wallstreeton 31 March 2021 at 23:26 on 31 March 2021 at 23:26 on 31 March 2021 at 23:26 AFRICAN MARKETS: Business News

Soft drinks giant, Coca Cola company is mulling options for its bottling business in Africa, which includes either a sale or an Initial Public Offering (IPO). As Bloomberg reports, a sale or IPO of the stake could value the business at about $6 billion. However, this could change depending on the level of buyer interest. Soft drinks ….  Read More

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Fitch Affirms Kenya Rating at ‘B+’; Outlook NegativeJackson Okoth | Kenyan Wallstreeton 31 March 2021 at 23:39 on 31 March 2021 at 23:39 on 31 March 2021 at 23:39 AFRICAN MARKETS: Business News

Fitch Ratings has affirmed Kenya Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. Fitch Ratings has affirmed Kenya Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook.Read More 0 Shares

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Kenya’s Inflation Rises to Ten-Month HighMiriam Wangui | Kenyan Wallstreeton 1 April 2021 at 23:41 on 1 April 2021 at 23:41 on 1 April 2021 at 23:41 AFRICAN MARKETS: Business News

Kenya’s annual inflation rose to 5.9% in March, the highest rate in 10 months, from 5.8% in February. The inflation rate maintained an upward trend mainly due to the increase in the price of fuel and some food items during that period. According to data from the Central Bank of Kenya, fuel price went up ….  Read More