The financial markets are shaping up to a return of higher interest rates. With the US CPI year on year (YoY) print coming in at 6.2%, the highest inflation print in the last 3 decades, 31 years to be exact. Read more.
Business and financial news from the African continent.
Investec is one of the largest financial giants in South Africa today. The group started from humble beginnings in 1974 and quickly grew to become one of the most popular shares listed on the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE). Read more.
African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state. Read more.
The Governor of the Bank of Mozambique, Rogério Zandamela, met with ambassadors of the countries of origin of capital invested in the banking sector in Mozambique to share information on financial developments as well as on the economic prospects of the country. Read more.
ecorded 19, 2 % up from previous quarter on growth recorded across which is $24, 7 billion in revenue for the second quarter of 2021. Read more.
The International Monetary Fund (IMF) says Zambia’s new administration need to take steps to restore macroeconomic stability while protecting the vulnerable and creating more inclusive growth. Read more.
Ruby minerals are found in various parts of Tanzania as well as in large quantities in Longido district Arusha region are also found in Tanga region, and Dodoma region. Read more.
President of the United Republic of Tanzania Hon. Samia Suluhu Hassan during her recently tour in Burundi held in July this year it has come to various graces include the construction of the Fertiliser’s factory which under construction at the Nara Industrial Area in Dodoma where construction has reached 35 percent and will cost US $ 180 million and has the potential to produce tons of fertiliser 500,000 per year. Read more.
The week ahead is key to the world of financial markets and traders alike as key data will be expected out. The week is likely to be dominated by fundamental data prints as traders and investors seek direction for the remaining part of the quarter and 2021. Read more.
The Mozambique Purchasing Managers’ Index (PMI) signaled a renewed improvement in business conditions in September, after falling back into decline over August, thanks to Sadc security intervention that brought stability in the country. Read more.
With profit-taking causing the market capitalization to decrease N32 billion on November 1st, trading on the Nigerian stock market began on a negative note. Read more.
The loan was secured by South Africa through its implementing agency, the Trans Caledon Tunnel Authority (TCTA). Read more.
