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’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 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 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 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

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

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

As expected, the Monetary Policy Committee (MPC) at the end of yesterday’s meeting, unanimously elected to:  As expected, the Monetary Policy Committee (MPC) at the end of yesterday’s meeting, unanimously elected to: Read More 0 Shares

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Wednesday to keep the current interest rates unchanged for the third time in a row in 2021. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Wednesday to keep the current interest rates unchanged for the ….  Read More

Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook. Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook.Read More 0 Shares