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Sunday, July 5, 2020

Rwanda’s Biggest Bank Mulls First Foreign Listing Outside Country

Lender will consider Nairobi, Johannesburg or London Commpany posted 6 percent increase in first-quarter profit Bank of Kigali Ltd., Rwanda’s biggest lender by market value, plans to cross-list in Nairobi, Johannesburg or London in 2018, Chief Financial Officer Nathalie Mpaka said. The lender will make a...

South Africa’s Tiger Brands H1 profit rises over 6 pct

JOHANNESBURG May 25 - South African consumer goods maker Tiger Brands said on Thursday half-year earnings rose 6.3 percent, buoyed by the grains division in its home market, but flagged a slowdown in the second half. Headline earnings per share (EPS) came in at...

Naspers investors see billions trapped by China success

By TJ Strydom JOHANNESBURG  - It was the investment that transformed Naspers from a small-time South African newspaper publisher into Africa's most valuable company and made its long-serving director and chairman Koos Bekker a billionaire. Now, Naspers' 33 percent stake in Chinese internet company Tencent is...

Ghana to Seek Improved Terms for IMF Bailout Program

Ghana is seeking better terms for its debt-support program with the International Monetary Fund as the parties discuss an extension of the agreement beyond an April 2018 deadline, according to a person familiar with the matter. The government will agree to extend the deal in...

Danone expands Fan Milk production capacity in Ghana

PARIS May 23  - Danone and its Dubai-based private equity partner Abraj will together invest $25 million to expand production capacity at the Fan Milk dairy business in Ghana, the French food group said on Tuesday. Attracted by the spending power of a growing middle...

Ghana Bank Chief Cuts Borrowing Costs at First Meeting

Key interest rate at lowest level in almost two years Inflation expected to slow toward the target, Addison says Ghana’s new central bank governor cut the benchmark interest rate to the lowest level in almost two years to help spur economic growth as inflation...

IMF offers three-pillared prescription for Africa’s econmic growth

By Jeremy Gaunt LONDON  - Countries in sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people. If they do that, there is no reason why the region cannot have the strong growth needed to meet the aspirations...

African Markets – Factors to watch on May 22

GLOBAL MARKETS Asian stocks posted their biggest daily rise in a month on Monday following modest gains in U.S. shares, though the greenback came under renewed pressure as Washington's political turmoil undermines confidence in U.S. economic policy. WORLD OIL PRICES Oil prices rose on Monday, supported by reports...

Ghana to cut interest rates May 22, Nigeria, S.Africa, Kenya to hold days afterwards

By Vuyani Ndaba JOHANNESBURG  - The Bank of Ghana will extend its interest rate-easing cycle on Monday to give its economy a boost but other major African central banks will keep rates stable after a commodity price slump, a Reuters poll found. Ghana's central bank cut...

Ghana’s New Central Bank Boss Seen Cutting Rates for Growth

by Ekow Dontoh and Andre Janse Van Vuuren April inflation rate near the lowest level since 2013 Government has announced tax breaks to help to boost output Ghana’s new central bank governor, Ernest Addison, is likely to cut interest rates to an almost two-year low...
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