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Kenya: Mobile loan rates now under CBK controlJohn Mutua | Business Daily Africaon 7 December 2021 at 17:09 on 7 December 2021 at 17:09 on 7 December 2021 at 17:09 AFRICAN MARKETS: Business News

The Central Bank of Kenya (CBK) will start controlling the interest rates of digital loans under a new law that seeks to protect Kenyan borrowers from predatory lending. The Central Bank of Kenya (CBK) will start controlling the interest rates of digital loans under a new law that seeks to protect Kenyan borrowers from predatory lending.Read More ….  Read More

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Nigeria Covid-19 Update: Weighing the risks of Omicron – United CapitalUnited Capital Researchon 1 December 2021 at 21:32 on 1 December 2021 at 21:32 on 1 December 2021 at 21:32 AFRICAN MARKETS: Business News

Recent reports of a new coronavirus strain named “Omicron” have coursed through global markets, amid a continuous increase in Covid-19 cases in Europe. First discovered in South Africa, cases have since been recorded in Belgium, Botswana, Israel, and Hong Kong, Nigeria, among others. In a recent report, the Nigeria Centre for Disease Control (NCDC) identified ….  Read More

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Tanzania Announces Own Central Bank Digital Currency (CBDC) amid Plans to issue Crypto RegulationsKenyan Wallstreeton 29 November 2021 at 16:45 on 29 November 2021 at 16:45 on 29 November 2021 at 16:45 AFRICAN MARKETS: Business News

Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of cryptocurrencies. Tanzania’s central bank has announced intentions to launch its central bank digital currency (CBDC) amid the global rise and the increasing adoption of cryptocurrencies.Read More 0 Shares

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Zambia’s Inflation falls below 20% for the month of NovemberLusaka Timeson 25 November 2021 at 22:11 on 25 November 2021 at 22:11 on 25 November 2021 at 22:11 AFRICAN MARKETS: Business News

The Zambia Statistics Agency (ZAMSTAT) has announced the decrease in the annual inflation rate for the month of November, 2021 from 21.1% recorded in October 2021 to 19.3%. The Zambia Statistics Agency (ZAMSTAT) has announced the decrease in the annual inflation rate for the month of November, 2021 from 21.1% recorded in October 2021 to ….  Read More

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Zambia’s central bank raises ratefor the 2nd time to steer inflation lowerCentral Bank Newson 25 November 2021 at 14:32 on 25 November 2021 at 14:32 on 25 November 2021 at 14:32 AFRICAN MARKETS: Business News

Zambia’s central bank raised it key interest rate for the second time, saying this would “help steer inflation to single digits in 2022 and to within the 6-8 percent target range by mid-2023…” Zambia’s central bank raised it key interest rate for the second time, saying this would “help steer inflation to single digits in ….  Read More

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Ghana’s central bank raises rate for the 1st time in 6 yrs as inflation risesCentral Bank Newson 23 November 2021 at 11:09 on 23 November 2021 at 11:09 on 23 November 2021 at 11:09 AFRICAN MARKETS: Business News

Ghana’s central bank raised its monetary policy rate for the first times in six years, saying the rise in inflation and significant risks to the outlook required “prompt” action to prevent inflation expectations from becoming detached from the bank’s target. Ghana’s central bank raised its monetary policy rate for the first times in six years, ….  Read More

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10 reasons to consider African trade and investment opportunities in 2022Baker McKenzie, Johannesburgon 16 November 2021 at 16:02 on 16 November 2021 at 16:02 on 16 November 2021 at 16:02 AFRICAN MARKETS: Business News

Visible green shoots – rising commodity prices, The launch of AfCFTA, Shifting patterns and alternative financing, Global interest, Post-pandemic sector potential, Digitization, Mending chains, Competition law and enforcement, Environmental Social and Governance. Visible green shoots – rising commodity prices, The launch of AfCFTA, Shifting patterns and alternative financing, Global interest, Post-pandemic sector potential, Digitization, Mending ….  Read More

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Sub-Saharan African Sovereigns Start Recovery – FitchFitch Ratingson 9 November 2021 at 17:29 on 9 November 2021 at 17:29 on 9 November 2021 at 17:29 AFRICAN MARKETS: Business News

After an unprecedented number of downgrades in 2020 in response to the rise in government debt and liquidity challenges resulting from the Covid-19 pandemic, rating momentum for sub-Saharan African (SSA) sovereigns has turned more positive in 2021, with three upgrades (Benin, Cote d’Ivoire and Gabon) and one downgrade (Ethiopia) since the beginning of the year, ….  Read More

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Google invests $1 billion in Chicago Mercantile Exchange GroupAjibola Akamo | Nairametricson 5 November 2021 at 19:32 on 5 November 2021 at 19:32 on 5 November 2021 at 19:32 AFRICAN MARKETS: Business News

Google’s parent company, Alphabet Inc., has made a $1 billion equity investment in the Chicago Mercantile Exchange Group, the exchange responsible for many crypto derivatives products. This marks the first time the company is investing in cryptocurrency-related products. Google’s parent company, Alphabet Inc., has made a $1 billion equity investment in the Chicago Mercantile Exchange ….  Read More

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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