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- DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit
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- NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
- Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
- Dangote Cement Hits N18trn Market Cap. Ahead of London Listing
- Fidelity Bank Gains 14%, Investment Firm Sees Huge Upside
- Nigerian Stock Market Cap. Declines by N206bn to N160.52trn
Inside Africa
King Letsie III of Lesotho said that nearly 60 per cent of the world’s chronically undernourished population by 2030 could be living in Africa.
The consumer inflation rate in Ghana slowed to 35.2% year on year in October from 38.1% in September, the statistics service said on Tuesday. The decline in headline inflation was attributed to moderation in the food price index, supported by government policy redirection.
Africa Finance Corporation (AFC), the continent’s leading infrastructure financier and solutions provider, today announced its support to the Arab Republic of Egypt as a Re-Guarantor on a private placement offering of JPY 75 billion, 5-year, Samurai bonds.
Morocco’s King Mohammed VI opened the 2023 Africa Investment Forum Market Days on Wednesday with a call for Africans to work together to attract the levels of private investment needed to drive the continent’s inclusive development.
Non-resident holdings of South African domestic government debt are somewhat high, S&P Global said in its African domestic debt report, adding that this exposes the sovereign to shifts in foreign investor sentiment.
Ghana’s 55% debt as a proportion of gross domestic product (GDP) target for 2028 does not appear feasible, S&P Global Ratings said in an African Domestic Debt report.
The South African government’s projection that government debt/GDP will rise to 77.7% in the fiscal year ending March 2026 (FY26) is broadly in line with Fitch Ratings’ forecasts.