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LAGOS (Reuters) – Nigeria’s United Bank for Africa (UBA) has secured a $150 million loan deal with the African Development Bank (AfDB) to support infrastructure Read more
By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank hopes mid-size lender Chase Bank will be brought back out of receivership sometime during the first Read more
GABORONE (Reuters) – Botswana’s Debswana, the world’s biggest diamond producer by sales value, is on track to produce its first diamonds from the expanded Jwaneng Read more
PRETORIA (Reuters) – South Africa’s tax revenue increased by 83.7 billion rand ($6 billion)to over a trillion rand, the tax collection agency said on Tuesday, Read more
By Mark Tay SINGAPORE (Reuters) – Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and Glencore will be the biggest Read more
By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank held its benchmark lending rate at 10.0 percent on Monday, as expected, and said it expected Read more
By Nqobile Dludla JOHANNESBURG (Reuters) – MTN Group, Africa’s biggest mobile phone company, is planning to expand in Iran, from where it has only just Read more
By MacDonald Dzirutwe HARARE (Reuters) – Zimbabwe launched a “bond notes” currency which held its value against the U.S. dollar on Monday, despite warnings that Read more
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – Read more
By Vuyani Ndaba JOHANNESBURG (Reuters) – Kenya is expected to keep interest rates stable on Nov. 28 ahead of an expected rate rise in the Read more
JOHANNESBURG (Reuters) – Ratings agency Fitch affirmed South Africa’s investment grade credit rating at one notch above sub-investment on Friday but changed the outlook to Read more
ABIDJAN (Reuters) – West Africa-focused oil and gas company African Petroleum is pulling out of its two Liberian offshore prospecting licences after it failed to Read more
By Mfuneko Toyana JOHANNESBURG (Reuters) – Yield-hungry investors look set to boost demand for South African bonds despite the threat of ratings downgrades to “junk”, Read more
PRETORIA (Reuters) – South Africa’s unemployment rose to its highest in 13 years in the third quarter, with manufacturing, mining and agriculture sectors all shedding Read more
MAPUTO (Reuters) – Mozambique’s economic growth quickened to 3.7 percent in the third quarter of 2016 compared to a revised 3.4 percent in the second Read more
LILONGWE (Reuters) – Malawi’s consumer inflation slowed to 20.1 percent year-on-year in October from 21.2 percent in September, the statistics office said on Friday. (Writing Read more
By Joe Bavier ABIDJAN (Reuters) – Ivory Coast, the world’s leading producer of cashew nuts, has added bonus payments to existing tax breaks to drive Read more
CAIRO (Reuters) – Egypt’s central bank kept its key interest rates unchanged on Thursday in a meeting of its Monetary Policy Committee, it said in Read more
By Nqobile Dludla JOHANNESBURG (Reuters) – Telkom SA, South Africa’s biggest fixed-line phone company, will pay its first ever interim dividend after reporting higher revenue Read more
WASHINGTON (Reuters) – The International Monetary Fund has removed remedial measures against Zimbabwe after the country settled its overdue financial obligation to the Fund’s Poverty Read more
By Ahmed Aboulenein and David Lawder CAIRO/WASHINGTON (Reuters) – Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed Read more
ACCRA (Reuters) – Ghana accepted 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued on Thursday but the major Read more
By Arwa Gaballah and Lin Noueihed CAIRO (Reuters) – Many Egyptians expect the pound to fall further on Sunday when banks begin trading it freely Read more
JOHANNESBURG (Reuters) – South Africa’s rand touched 2-1/2 month high against the U.S. dollar on Wednesday after a court ordered the release of a report Read more
DAR ES SALAAM (Reuters) – Tanzania’s government has set an economic growth target of 7.5 percent in 2017, compared to an estimate of 7.2 percent Read more
KIGALI (Reuters) – The IMF said on Wednesday Rwanda’s economy was forecast to grow at 6.2 percent in 2017, slightly up from this year’s projection Read more
* Expansion into Nigeria, Botswana, Zambia and Brunei * Could enter at least one of the markets as early as 2017 * Linked to Africa’s Read more
CAPE TOWN (Reuters) – Talks to build an oil refinery in Uganda with a consortium led by Korea’s SK Engineering have collapsed but the East Read more
LUSAKA (Reuters) – Zambia’s economy should grow by 3 percent this year, largely unchanged from last year as electricity shortages and subdued private sector investment Read more
JOHANNESBURG (Reuters) – South African Airways (SAA) will become profitable by containing costs and reviewing flight routes, it said on Friday, as credit rating agencies Read more
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