Category: Business News

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Airtel Africa completes the sale of its Madagascar unit to HeliosAmadjiguéne Ndoye | Kapital Afrikon 4 November 2021 at 12:02 on 4 November 2021 at 12:02 on 4 November 2021 at 12:02 AFRICAN MARKETS: Business News

The telecom group Airtel Africa PLC (NGX:AIRTELAFRI, MSE:AIRTEL) announced on Wednesday 3 November that it has finalized the sale of its Madagascar-based telecommunications tower company to Helios Towers Plc. The cost of the transaction is estimated at $ 51.7 million. The telecom group Airtel Africa PLC (NGX:AIRTELAFRI, MSE:AIRTEL) announced on Wednesday 3 November that it ….  Read More

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Nigeria launches eNaira, Africa’s first central bank digital currencyXinhuaon 26 October 2021 at 16:48 on 26 October 2021 at 16:48 on 26 October 2021 at 16:48 AFRICAN MARKETS: Business News

Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency. Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country’s central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency.Read More ….  Read More

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Nigeria: eNaira website goes live days ahead of October 1 launchUbah Jeremiah Ifeanyi | Nairametricson 28 September 2021 at 14:30 on 28 September 2021 at 14:30 on 28 September 2021 at 14:30 AFRICAN MARKETS: Business News

The website of the much-anticipated digital currency of the Central Bank of Nigeria, eNaira, has come up live on the internet. The website of the much-anticipated digital currency of the Central Bank of Nigeria, eNaira, has come up live on the internet.Read More 0 Shares

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Moody’s downgrades Ethiopia’s rating to Caa2; outlook negativeMoody’son 20 October 2021 at 17:39 on 20 October 2021 at 17:39 on 20 October 2021 at 17:39 AFRICAN MARKETS: Business News

Moody’s Investors Service (“Moody’s”) has today downgraded the long-term issuer and senior unsecured ratings of the Government of Ethiopia to Caa2 from Caa1 under review for downgrade. The outlook is negative. This concludes the review for downgrade initiated on 17 May 2021. Moody’s Investors Service (“Moody’s”) has today downgraded the long-term issuer and senior unsecured ….  Read More

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Angola’s central bank postpones policy decision to Sept. 30Central Bank Newson 28 September 2021 at 10:37 on 28 September 2021 at 10:37 on 28 September 2021 at 10:37 AFRICAN MARKETS: Business News

Angola’s central bank postponed the final decision and announcement of its monetary policy decision until Thursday, Sept. 30 from today, as was scheduled. Angola’s central bank postponed the final decision and announcement of its monetary policy decision until Thursday, Sept. 30 from today, as was scheduled.Read More 0 Shares

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Central Bank of Seychelles maintains rate, economy not yet recoveredCentral Bank Newson 29 September 2021 at 10:41 on 29 September 2021 at 10:41 on 29 September 2021 at 10:41 AFRICAN MARKETS: Business News

The Central Bank of Seychelles (CBS) kept its monetary policy rate (MPR) steady for the fourth quarter, saying the economy has not yet fully recovered from the effects of the COVID-19 pandemic despite a pick-up in economic activity. The Central Bank of Seychelles (CBS) kept its monetary policy rate (MPR) steady for the fourth quarter, ….  Read More

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Morocco’s central bank postpones policy decision to Oct. 13Central Bank Newson 29 September 2021 at 10:43 on 29 September 2021 at 10:43 on 29 September 2021 at 10:43 AFRICAN MARKETS: Business News

Morocco’s central bank postponed the release of its monetary policy decision until Oct. 13 from today due to health reasons, the bank said on its website. Morocco’s central bank postponed the release of its monetary policy decision until Oct. 13 from today due to health reasons, the bank said on its website.Read More 0 Shares

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Fitch Assigns Nigeria’s Proposed USD Bond ‘B’ RatingFitch Ratingson 16 September 2021 at 18:26 on 16 September 2021 at 18:26 on 16 September 2021 at 18:26 AFRICAN MARKETS: Business News

Fitch Ratings has assigned Nigeria’s proposed US dollar bond, to be issued under its Global Medium Term Note Programme, a ‘B’ rating. Fitch Ratings has assigned Nigeria’s proposed US dollar bond, to be issued under its Global Medium Term Note Programme, a ‘B’ rating.Read More 0 Shares

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Fitch Affirms Angola at ‘CCC’Fitch Ratingson 2 September 2021 at 14:11 on 2 September 2021 at 14:11 on 2 September 2021 at 14:11 AFRICAN MARKETS: Business News

Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’. Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’.Read More 0 Shares

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Melcom Group of Companies acquires Pizza Hut in GhanaGNAon 2 September 2021 at 15:40 on 2 September 2021 at 15:40 on 2 September 2021 at 15:40 AFRICAN MARKETS: Business News

Melcom Group of Companies, the diverse business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the International Franchise Rights for Pizza Hut in Ghana. Melcom Group of Companies, the diverse business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the International Franchise Rights ….  Read More