Moroccan Banking Sector Recovery Under Way but Will Be Slow – FitchFitch Ratingson 21 June 2021 at 15:15 on 21 June 2021 at 15:15 on 21 June 2021 at 15:15 AFRICAN MARKETS: Business News
Moroccan banks’ profitability recovered strongly in 1Q21 with loan impairment charges (LICs) easing and contributions to Morocco’s Covid-19 relief fund having ended, but full recovery to pre-pandemic levels is unlikely until at least 2022, Fitch Ratings says. Moroccan banks’ profitability recovered strongly in 1Q21 with loan impairment charges (LICs) easing and contributions to Morocco’s Covid-19 …. Read More
Uganda’s central bank cuts rate to boost fragile growth as virus risesCentral Bank Newson 17 June 2021 at 14:27 on 17 June 2021 at 14:27 on 17 June 2021 at 14:27 AFRICAN MARKETS: Business News
Uganda’s central bank cut its benchmark interest rate for the fourth time in the current monetary easing cycle, saying the economic recovery still requires monetary policy support and inflation will likely remain below the target in the near term with little space for fiscal policy to respond to “fragile economic growth.” Uganda’s central bank cut …. Read More
Ghana records 3.1 percent growth rate in first quarter 2021GNAon 17 June 2021 at 17:22 on 17 June 2021 at 17:22 on 17 June 2021 at 17:22 AFRICAN MARKETS: Business News
Ghana’s economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last year. Ghana’s economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last …. Read More
Egypt’s annual inflation accelerates to 4.9% in May: CBEDoaa A.Moneim | Ahram Onlineon 14 June 2021 at 15:22 on 14 June 2021 at 15:22 on 14 June 2021 at 15:22 AFRICAN MARKETS: Business News
Egypt’s annual headline inflation rate accelerated to 4.9 percent in May, up from 4.4 percent in April, owing to the recent preventative measures against the coronavirus and the increase in prices of vegetables and fresh fruits, according to the Central Bank of Egypt (CBE). Egypt’s annual headline inflation rate accelerated to 4.9 percent in May, …. Read More
Kenya Picks Citi, JP Morgan As Lead Underwriters for its Dollar Sovereign BondJackson Okoth | Kenyan Wallstreeton 15 June 2021 at 15:15 on 15 June 2021 at 15:15 on 15 June 2021 at 15:15 AFRICAN MARKETS: Business News
Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank (NSE:IMH) and NCBA Group (NSE:NCBA) as co-managers. Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank (NSE:IMH) and NCBA Group (NSE:NCBA) as co-managers.Read More 0 Shares
Kenya: Treasury to rebase GDP after new Eurobond tapJulians Amboko | Business Daily Africaon 16 June 2021 at 14:53 on 16 June 2021 at 14:53 on 16 June 2021 at 14:53 AFRICAN MARKETS: Business News
Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014. Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through …. Read More
Egypt’s central bank to review interest rates on Thursday for the fourth time in 2021Doaa A.Moneim | Ahram Onlineon 16 June 2021 at 15:25 on 16 June 2021 at 15:25 on 16 June 2021 at 15:25 AFRICAN MARKETS: Business News
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to convene on Thursday — for the fourth time in 2021 — to review the key interest rates in light of the domestic and global economic updates, amid expectations that the CBE will not introduce new cuts. The Monetary Policy Committee …. Read More
Johannesburg Stock Exchange (JSE) market data now available on african|marketsRomuald Yongaon 7 June 2021 at 10:34 on 7 June 2021 at 10:34 on 7 June 2021 at 10:34 AFRICAN MARKETS: Business News
The african|markets team is proud to announce the rollout of South African market data on its news and data platform. Subscribers are now able to access profiles (Performance, ratios, dividends history, chart, etc … ) and download market activity data of companies listed on the Johannesburg Stock Exchange (JSE), Africa’s largest stock market. Data includes …. Read More