Markets Coverage

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  Oceanic Sardine floats IPO on Somalia Stock Exchange

  Somalia

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  Morocco’s Price Index Steady in Sept; Core Index posts annual growth

  Morocco

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  Namibia Rev. Agency recovers N$104.6mn fraudulent tax refunds

  Namibia

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  80 Years on since first WB-IMF Meetings in 1944

  United States of America

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  Egypt Central Bank issues guidelines for tourism support initiative

  Egypt

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  Tanzania, Zambia build grid interconnector to reduce power crisis

  United Republic of Tanzania

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  Safaricom Ethiopia’s market share hits 5.5% in 22-mnths

  Ethiopia

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  Egypt, WB collabo on Greater Cairo Air Pollution Mgmt & Climate Project

  Egypt

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  Zambia in deals with investors to develop mining permits

  Zambia

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  Ex-CBN Deputy Moghalu is first Pres. Of new African School of Governance in Rwanda

  Rwanda

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  Ethiopia to access $340mn after IMF latest review

  Ethiopia

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  Gambia parliament okays Spain-Gambia circular migration

  Gambia

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  Liberia launches Mineral Sector Working Group

  Liberia

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  Afrexibank midwife’s Ecobank’s fresh $400mn 10.125% bond due Oct. 2029

  Togo

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  NUPRC flags-off race to additional 1mn/bpd oil

  Nigeria

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  Egypt, Djibouti to build 276 kilowatt solar plant to undercut Ethiopia

  Djibouti

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  Tunisia to raise taxes again, double internal debt

  Tunisia

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  Morocco okay red meat imports to combat rising prices

  Morocco

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  Saudi Arabia, Egypt agree deeper investment ties

  Saudi Arabia

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  Fuel scarcity in Malawi, Transporters union blames FX shortage

  Malawi

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  African online retailer Jumia to exit SA, Tunisia

  Tunisia

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  Namibia cuts key rate again to 7.25% at September meeting

  Namibia

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  Zimbabwe to pay white farmers $20mn; 444 farmers cleared

  Zimbabwe

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  Zimbabwe civil servants to receive $40 salary increase

  Zimbabwe

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  Rwanda, EAC vow to promote trade ties

  Rwanda

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  Tanzania govt. aims for enhanced reforms in mining

  United Republic of Tanzania

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  JP Morgan appoints ex-CBK exec Montent as new Country Manager

  Kenya

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  Pres. Ruto asks banks to lower rates to spur economy

  Kenya

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  IEA forecasts fossil fuel at 75% of global fuels in 2030, up from 73%

  France

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  Ghana’s Agric. Devt. Bank recovers GH¢500m debts in 9-mths

  Ghana

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  Banks refund NGN7.05bn, $714,569 to customers – CBN

  Nigeria

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  JP Morgan chief Dimon starts SSA tour in Nigeria

  Nigeria

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  AFC’s $200mn BUA Sugar deal saves NGR est. $2bn in imports

  Nigeria

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  African Finance Corp. Floats fresh $500mn global Eurobond at 5.55% coupon

  Nigeria

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  Italian ENI starts drilling in Libya’s Ghadames Basin

  Libya

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  National Bank of Ethiopia licenses five non-bank FX operators

  Ethiopia

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  Morocco’s aviation sector key of economic growth - IATA Boss

  Morocco

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  Ghana inflation up in Sept. on higher food prices

  Ghana

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  Banks warn RBZ on ZIG deval., rates, reserves, FX controls

  Zimbabwe

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  Namibia: GIPF to pay pensioners tax refunds in November

  Namibia

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  Izwe Loans Limited floats Kwanza 69mn debt on Lusaka Stock Exchange

  Zambia

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  Egypt reports $9.7bn balance of payment surplus for FY2023/24

  Egypt

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  Somalia, US ink $68.5mn deal for devt., education and gov.

  Somalia

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  Liberia secures €108mn EU grant

  Liberia

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  AfDB showcases tech for agric at West, Central Africa wheat summit

  Ivory Coast

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  Morocco’s trade deficit up 3.2% by end of August

  Morocco

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  Rwanda Central Bank, Africa Re hosts future of insurance forum

  Rwanda

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  Nigeria gazette’s new laws on withholding tax, etc.

  Nigeria

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  Tunisia arrests four after state railway flies Turkey flag in error

  Tunisia

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  Egypt: Mortgage finance for housing projects tops EGP74bn

  Egypt