Market factors for Nov. 23, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – GLOBAL MARKETS The dollar was on the defensive Thursday after suffering its worst drubbing in five months while bonds celebrated a comeback on speculation the Federal Reserve might not […]

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African market factors to watch Nov. 21, 2017

<link href=”https://af.reuters.com/article/commoditiesNews/idAFL8N1NR0F6″ rel=”canonical” /> NAIROBI, Nov 21 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – EVENTS: *NIGERIA – Central bank holds monetary policy meeting – 1330 GMT. *SOUTH AFRICA – Reserve Bank starts three-day monetary […]

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Africa: Crazy idea leads to ability durum

  A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for one million farming families, and therefore winning the 2017 Olam Prize for Innovation in Food Security. The genome fingerprinting research project led by Dr Filippo Bassi of […]

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Factors to watch African markets Nov. 10

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – – EVENTS: *Rwanda to release its consumer inflation data for October. GLOBAL MARKETS Asian shares slipped on Friday on uncertainty about U.S. tax reforms after Senate Republicans unveiled a plan […]

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Nigerian senate frees MTN on charges of corruption

Nigeria’s Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd’s Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. But the Senate report also asked Nigeria’s central bank to sanction Stanbic IBTC Bank “for improper documentations in respect of capital repatriation and loan […]

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African markets factors Nov 9, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a […]

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Afreximbank is trying to bring capital financing possibilities to Africa

The African Export-Import Bank (Afreximbank) has launched a new guarantee programme aimed at unlocking capital and leveraging much-needed financing into Africa. The Afreximbank Guarantee Programme (AFGAP), launched during the Advanced Structured Trade Finance Seminar and Workshops being organized by the Bank, will help to de-risk African transactions in order to make them more attractive to […]

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Nokia and Vodacom test for 5G future

Nokia and Vodacom have signed an agreement under which the companies will trial Nokia 5G technology to accelerate the launch of the new technology and enable Vodacom to drive digitalization for the benefit of businesses and individuals in South Africa. Nokia has a 5G portfolio that will allow operators to gain an early-to-market advantage in […]

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South Atlantic Cable System to link between Africa and South America

South Atlantic Cable System, the first submarine cable system across the South Atlantic is in the final stretch of its installation between Africa and South America. Angola Cables, the company overseeing installation and the operations of SACS, and NEC Corporation, a Japanese system integrator of highest quality fibre optic cable systems and the turn-key contractor […]

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EU to invest $58m for Tanzania electrification

During an official visit to Tanzania, Commissioner for International Cooperation and Development Neven Mimica signed a €50 million programme to support rural electrification in the country. The new financing agreement will support the access of Tanzanian citizens to affordable and sustainable energy through extending energy grids as well as expanding distribution networks. During the signing […]

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IFAD to train 390 for N-Agripreneur

The International Fund for Agricultural Development (IFAD) Monday said at least 390 youths will be trained on N-Agripreneurs business plan initiative in the northern part of the country. IFAD’s National Coordinator, Alhaji Lawal Ida, stated this in Sokoto during a six-day training of N-Agripreneurs on Business Plan for Youths from Sokoto and Kebbi States. Read […]

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African markets factors for Nov 6, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares stepped away from recent decade highs on Monday while the U.S. dollar staged a broad-based rally and oil jumped to a more than two-year peak […]

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