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Egypt becomes Arab World’s biggest LNG exporter in Q2 2021: OAPECArab Financeon 22 August 2021 at 22:04 on 22 August 2021 at 22:04 on 22 August 2021 at 22:04 AFRICAN MARKETS: Business News

The Arab countries’ total global market share of the world’s exports of liquified natural gas (LNG) amounted to 30% during the second quarter (Q2) of 2021, according to a report conducted by Expert Engineer at the Organization of Arab Petroleum Exporting Countries (OAPEC) Wael Hamed Abdel Moati. The Arab countries’ total global market share of ….  Read More

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Fitch Rates Banque du Caire ‘B+’; Outlook StableFitch Ratingson 19 August 2021 at 23:09 on 19 August 2021 at 23:09 on 19 August 2021 at 23:09 AFRICAN MARKETS: Business News

Fitch Ratings has assigned Banque du Caire S.A.E. (BDC) a Long-Term Issuer Default Rating (IDR) of ‘B+’ with a Stable Outlook, Viability Rating (VR) of ‘b+’ and National Long-Term Rating of ‘AA(egy)’ with a Stable Outlook. A full list of ratings is below. Fitch Ratings has assigned Banque du Caire S.A.E. (BDC) a Long-Term Issuer ….  Read More

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Tunisia’s central bank holds rate, looks to economic reformsCentral Bank Newson 4 August 2021 at 08:31 on 4 August 2021 at 08:31 on 4 August 2021 at 08:31 AFRICAN MARKETS: Business News

Tunisia’s central bank left its interest rate steady and called on politicians and other stakeholders to carry out economic reforms that can help the country overcome its current crises and emphasized the need to restore the confidence of international institutions and foreign donors in the country’s economy. Tunisia’s central bank left its interest rate steady ….  Read More

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Rwanda raises 620 mln USD through issuance of 10-year EurobondXinhuaon 3 August 2021 at 21:15 on 3 August 2021 at 21:15 on 3 August 2021 at 21:15 AFRICAN MARKETS: Business News

Rwanda has raised 620 million U.S. dollars through the issuance of a 10-year Eurobond, authorities said in a statement released on Monday. Rwanda has raised 620 million U.S. dollars through the issuance of a 10-year Eurobond, authorities said in a statement released on Monday.Read More 0 Shares

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African Exchanges Linkage Project (AELP) to boost trading between African exchangesPress Releaseon 2 August 2021 at 17:34 on 2 August 2021 at 17:34 on 2 August 2021 at 17:34 AFRICAN MARKETS: Business News

Cross-border trading from one African securities exchange to another comes a step closer, after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. Seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment flows and bring more liquidity to African ….  Read More

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Ghana plans to issue Africa’s first social bond: what you must knowThe B&FT Onlineon 28 July 2021 at 14:56 on 28 July 2021 at 14:56 on 28 July 2021 at 14:56 AFRICAN MARKETS: Business News

The government of Ghana in its 2021 budget indicated that it plans to raise up to $5 billion in the international capital markets this year. During the first quarter, the government successfully raised $3 billion in Eurobonds including its first zero coupon bond as part of the issuance. The government of Ghana in its 2021 ….  Read More

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Central Bank of Kenya Retains Benchmark Rate at 7%Jackson Okoth | Kenyan Wallstreeton 29 July 2021 at 14:23 on 29 July 2021 at 14:23 on 29 July 2021 at 14:23 AFRICAN MARKETS: Business News

The Central Bank of Kenya (CBK) through its top policy-making organ-the Monetary Policy Committee (MPC) has retained the benchmark policy rate at 7% for the ninth consecutive time. The Central Bank of Kenya (CBK) through its top policy-making organ-the Monetary Policy Committee (MPC) has retained the benchmark policy rate at 7% for the ninth consecutive ….  Read More

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Central Bank of Nigeria affirms crypto ban as e-Naira set to launch in OctoberOlumide Adesina | Nairametricson 28 July 2021 at 13:19 on 28 July 2021 at 13:19 on 28 July 2021 at 13:19 AFRICAN MARKETS: Business News

The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in October. The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in October.Read More 0 Shares

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Kenya: PE Fund Actis to buy Fairview Hotel for Sh1 billionOtiato Guguyu | Business Daily Africaon 27 July 2021 at 11:09 on 27 July 2021 at 11:09 on 27 July 2021 at 11:09 AFRICAN MARKETS: Business News

South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion. South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.Read More ….  Read More