Ghana: The Ghanaian Finance Ministry yesterday announced that the government’s pension fund debt exchange had closed with a 95% participation rate, while the USD-denominated bonds exchange had closed with a participation…
Browsing: Africa news
MTN Uganda has reported a strong growth in service revenue. According to CEO Sylvia Mulinge, the telecommunication giant has reached $335 million in the first half of 2023, resulting in…
Moody’s yesterday upgraded Zambia’s local currency long-term issuer rating to Caa3 from Ca with a Stable outlook. The rating agency said that the upgrade follows the announcement of an agreement…
Ghana: Ghana’s consumer inflation rose for a third consecutive month, coming in at 43.1% y/y in July, up from 42.5% in the preceding month and above our estimated 42.0%. CPI rose…
Image: Ernest Ankomah/Bloomberg Ghana: Finance Minister Ofori-Atta yesterday presented the government’s Mid-Year Fiscal Policy Review to parliament. He disclosed that the overall budget deficit for 2022 (on a commitment basis) was…
The Kenyan National Library Service has alongside Youth Affairs, Sports and Arts CS Ababu Namwamba has officially launched the first virtual library. The $1.7 million library contains more than 200,000…
Secretary of State Antony J. Blinken meets with Kenyan President William Ruto on the margins of the U.S.-Africa Leaders Summit in Washington, D.C., on December 15, 2022. [State Department photo…
Nigeria: Yesterday, the World Bank published its bi-annual Development Update for Nigeria, titled ‘Seizing the opportunity’. The Bank noted that removal of the petrol subsidy and foreign exchange management reforms are…
S&P Works on Ghanian Eurobonds, Senegal and Uganda’s Ratings Affirmation S&P, on 2 June, cut the ratings of two more Ghanaian Eurobonds to D from CC after the country missed…
