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Nigeria: AFEX Commodities Exchange announces the listing of cashew on its trading platformChidi Emenike | Nairametricson 8 March 2021 at 22:04 on 8 March 2021 at 22:04 on 8 March 2021 at 22:04 AFRICAN MARKETS: Business News

AFEX Commodities Exchange Limited has announced the listing of Cashew on its platform, in a bid to diversify available investment options and create more wealth. AFEX Commodities Exchange Limited has announced the listing of Cashew on its platform, in a bid to diversify available investment options and create more wealth.Read More 0 Shares

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Moody’s downgrades Mauritius’s ratings to Baa2, maintains negative outlookMoody’son 5 March 2021 at 15:04 on 5 March 2021 at 15:04 on 5 March 2021 at 15:04 AFRICAN MARKETS: Business News

Moody’s Investors Service, has downgraded the Government of Mauritius’s long-term foreign and local currency issuer rating to Baa2 from Baa1 and maintained the negative outlook. Moody’s Investors Service, has downgraded the Government of Mauritius’s long-term foreign and local currency issuer rating to Baa2 from Baa1 and maintained the negative outlook.Read More 0 Shares

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IKEA opens 2nd store in EgyptArab Financeon 4 March 2021 at 20:32 on 4 March 2021 at 20:32 on 4 March 2021 at 20:32 AFRICAN MARKETS: Business News

Swedish home furnishing brand IKEA, in collaboration with Al-Futtaim Group company Marakez, opened its second store in Egypt at Mall of Arabia, according to the company’s recent statement. Swedish home furnishing brand IKEA, in collaboration with Al-Futtaim Group company Marakez, opened its second store in Egypt at Mall of Arabia, according to the company’s recent ….  Read More

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Jumia expands footprint in online food delivery into EgyptArab Financeon 2 March 2021 at 23:31 on 2 March 2021 at 23:31 on 2 March 2021 at 23:31 AFRICAN MARKETS: Business News

Jumia Technologies AG is expanding its footprint in Egypt via food online delivery, where there is a gap in the market following the exit of Uber Eats, Bloomberg reported. Jumia Technologies AG is expanding its footprint in Egypt via food online delivery, where there is a gap in the market following the exit of Uber ….  Read More

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Nigeria’s inflation hits 16.47% as food prices soar to record highSamuel Oyekanmi | Nairametricson 16 February 2021 at 13:01 on 16 February 2021 at 13:01 on 16 February 2021 at 13:01 AFRICAN MARKETS: Business News

Nigeria’s consumer price index, (CPI) which measures inflation increased by 16.47% (year-on-year) in January 2021. This is 0.71% points higher than the rate recorded in December 2020 (15.75%). Nigeria’s consumer price index, (CPI) which measures inflation increased by 16.47% (year-on-year) in January 2021. This is 0.71% points higher than the rate recorded in December 2020 ….  Read More

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Tanzania banking sector remains resilient amid Covid-19Dailynews TZon 16 February 2021 at 21:45 on 16 February 2021 at 21:45 on 16 February 2021 at 21:45 AFRICAN MARKETS: Business News

AS coronavirus is still ravaging the world economy, Tanzania financial sector has remained sound and resilient thanks to friendly environment put by the government. Most banks posted impressive results last year which according to analysts it is attributed to the resilience and attraction of the country’s economy. AS coronavirus is still ravaging the world economy, ….  Read More