NAIROBI, Feb 5 – The Organisation for Economic Co-operation and Development has said that African companies raised about $220 billion in equity …
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Category:
Markets
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CAIRO, Feb 3 – JPMorgan has upgraded African Export-Import Bank (Afreximbank) bonds to “overweight” from “underweight,” arguing that a sharp selloff following …
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Markets
African Currencies Show Mixed Outlook as Ghana’s Cedi Weakens and Nigeria’s Naira Holds Firm
ACCRA, Jan 30 – Currencies across sub-Saharan Africa are expected to move in different directions next week, with Ghana’s cedi likely to …
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Addis Ababa, Jan 30 – Ethiopia has halted implementation of its $1 billion Eurobond restructuring after its Official Creditor Committee determined that …
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ABUJA, Jan 28 – NCR Nigeria Plc returned to profit in 2025 after a steep fall in administrative expenses, according to unaudited …
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ADDIS ABABA, Jan 27 – The National Bank of Ethiopia (NBE) sold $500 million in a special foreign exchange auction on Monday, …
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ABUJA, Jan 26 – FCMB Asset Management Limited opened an offer of up to ₦20 billion ($14 million) for the second series …
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JOHANNESBURG, Jan 26 – South Africa’s rand strengthened past 16 per dollar for the first time since mid-2022, extending a rally driven …
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ABUJA, Jan 23 – The Central Bank of Nigeria drew ₦3.438 trillion ($2.4 billion) in subscriptions at its Treasury bills auction exceeding …
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JOHANNESBURG, Jan 21 – The South African rand edged higher in early Wednesday trading as investors positioned ahead of key domestic data …