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Factors To Watch On Dec. 15 African Markets

Factors To Watch On Dec. 15 African Markets

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday Dec. 15. EVENTS: ETHIOPIA-IMF chief Lagarde to give lecture GLOBAL MARKETS Asian shares edged higher on Friday, on track for weekly gains, though sentiment was kept in check by Wall Street’s weakness on concerns […]

Factors To Watch On African Markets – Dec. 7

Factors To Watch On African Markets – Dec. 7

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday Dec. 7. GLOBAL MARKETS Asian shares hovered near two-month lows on Thursday as softer oil and copper prices and uncertainty over U.S. policy kept many investors on the sidelines, even as some high-tech bellwethers […]

Factors To Watch On Dec 4 African Markets

Factors To Watch On Dec 4 African Markets

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday Dec 4. GLOBAL MARKETS The U.S. dollar bounced to a two-week top on Monday and S&P futures rallied as traders marked the passage of a Senate tax bill over the weekend, a move that […]

UBA Is First Nigerian Bank To Win African Bank Of The Year Award

UBA Is First Nigerian Bank To Win African Bank Of The Year Award

The winner is selected from participating banks in each of the 120 countries from which entries are received for the competition Pan-African financial institution, United Bank for Africa (UBA) Plc, has once again proven its leadership on the continent, as The Banker magazine has crowned the bank ‘African Bank of the Year 2017’. The award […]

UBA, Ecobank Win African Banks Of The Year Awards

UBA, Ecobank Win African Banks Of The Year Awards

The Banker Magazine has named the United Bank for Africa Plc the 2017 African Bank of the Year. According to a statement by the lender, it is the first time a Nigerian-headquartered bank will be wining the regional award. This came just as Ecobank Transnational Incorporated won “Bank of the Year” awards in five of […]

Factors To Watch On Nov 30 African Markets

Factors To Watch On Nov 30 African Markets

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday November 30. GLOBAL MARKETS Asian shares fell on Thursday, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe […]

Zimbabweans Now Withdraws U.S. Dollars From ATM Machines

Zimbabweans Now Withdraws U.S. Dollars From ATM Machines

Banks had stopped stocking ATMs about a year ago as a severe cash shortage restricted access to dollars Some Zimbabweans were able to withdraw U.S. dollars from automated teller machines this week for the first time in about a year as hard currency started trickling back into the economy following Robert Mugabe’s ouster as president. […]

Kenya Seeks Proposals For $2bn Eurobond Sale

Kenya Seeks Proposals For $2bn Eurobond Sale

Kenyan government is seeking proposals from banks about a possible $2 billion Eurobond offering in the first quarter of 2018, according to two people familiar with the matter. The East African nation’s Treasury asked banks for pitches on how to structure the sale, said the people, who asked not to be identified because they aren’t authorized […]

Africa Must Stop Depending On Other Countries

Africa Must Stop Depending On Other Countries

We are painfully aware we are nowhere near where we should be Africa should move beyond aid handouts that have failed to bring growth and prosperity and move to an era of mutual respect with Western countries, President Nana Akufo-Addo of Ghana said. Akufo-Addo made this known in a speech to the Royal African Society. […]

Factors To Watch On African Markets – Nov. 21

Factors To Watch On African Markets – Nov. 21

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. *NIGERIA – Central bank holds monetary policy meeting – 1330 GMT. *SOUTH AFRICA – Reserve Bank starts three-day monetary policy committee meeting (to November 23). *ZIMBABWE – ZANU-PF to launch impeachment motion against Mugabe. […]

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