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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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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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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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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

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Ghana’s $3bn Eurobond OversubscribedGoldstreet Businesson 1 April 2021 at 15:05 on 1 April 2021 at 15:05 on 1 April 2021 at 15:05 AFRICAN MARKETS: Business News

Government made a successful debut into the international debt capital markets securing $3 billion from an oversubscribed bond book value of $6 billion. Government made a successful debut into the international debt capital markets securing $3 billion from an oversubscribed bond book value of $6 billion.Read More 0 Shares

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Angola’s central bank holds key rate but raises liquidity absorption rateCentral Bank Newson 30 March 2021 at 09:41 on 30 March 2021 at 09:41 on 30 March 2021 at 09:41 AFRICAN MARKETS: Business News

Angola’s central bank left its benchmark interest rate steady but raised the rate on its permanent liquidity absorption facility, saying there are persistent inflationary pressures in the economy despite a stable exchange rate and contained aggregate demand. Angola’s central bank left its benchmark interest rate steady but raised the rate on its permanent liquidity absorption ….  Read More

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Kenya maintains rate 7th time, sees economic reboundCentral Bank Newson 30 March 2021 at 09:43 on 30 March 2021 at 09:43 on 30 March 2021 at 09:43 AFRICAN MARKETS: Business News

Kenya’s central bank left its policy rate steady for the 7th time, confirming it still expects the economy to rebound strongly this year while inflation remains well anchored and is forecast to remain within the bank’s target range in the near term. Kenya’s central bank left its policy rate steady for the 7th time, confirming ….  Read More

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Vivo Energy Rwanda Acquires ENES, GEMECA Petroleum AssetsTaarifa Rwandaon 26 March 2021 at 16:45 on 26 March 2021 at 16:45 on 26 March 2021 at 16:45 AFRICAN MARKETS: Business News

Vivo Energy Rwanda, the company that markets and distributes Engen-branded fuels and lubricants in Rwanda, has acquired Energy Solution (ENES) and GEMECA petroleum assets. Vivo Energy Rwanda, the company that markets and distributes Engen-branded fuels and lubricants in Rwanda, has acquired Energy Solution (ENES) and GEMECA petroleum assets.Read More 0 Shares