MTN Nigeria Communications PLC (MTN Nigeria) has successfully raised N125 billion through the issuance of Series 6 and 7 commercial paper notes. This significant move is part of the telecom giant’s ongoing strategy to diversify its financing options and reduce its average cost of debt. The company disclosed this development in an official statement signed … Read more
In the intricate tapestry of West Africa’s recent surge of coups, a thread of concern weaves through the region’s entrepreneurial landscape. From Mali to Guinea and Burkina Faso, Niger, and Now Gabon the unsettling waves of political upheaval have sent ripples across the startup ecosystem, leaving entrepreneurs and businesses grappling with the repercussions in a … Read more
Kenya is set to commence avocado fruit exports to India this September, marking a significant milestone for the country’s farmers. With access to the Indian market, Kenyan avocado growers are poised to expand their plantings, leading to higher earnings, increased employment opportunities, and downstream benefits. A Promising New Market The approval from the Indian government … Read more
Kenya’s economic landscape is facing a dynamic and ever-shifting environment, presenting both opportunities and challenges for investors and savers in the country. With a recent inflation rate of 7.28% as of July 2023, individuals are grappling with the need to preserve their savings against the erosive effects of rising prices. Despite a recent slowdown in … Read more
Mozambique’s recent foray into the Treasury Bonds market has yielded promising results, with demand far outpacing supply. On Tuesday, August 22, the nation offered 481 million meticais in a single issue of Treasury Bonds (OT) through the Mozambique Stock Exchange (BVM). The response was overwhelming, with demand reaching three times the supply. Successful Treasury Bonds … Read more
Introduction of the Gaming Tax The Ghana Revenue Authority (GRA) has rolled out a new gaming tax strategy with the ambitious goal of generating approximately GHยข400 million in revenue. This tax initiative centers around imposing a 10% levy on winnings derived from bets and lotteries, signifying a significant change in the taxation landscape for gaming … Read more
The Ghana Statistical Service’s 2022 Trade Vulnerability Report has shed light on significant trends in the country’s trade dynamics. Here are the key findings: Exports and Imports Concentration Major Export and Import Commodities Principal Export Products Key Imports Categories Trade Relations Significance and Implications Professor Samuel Kobina Annim, the Government Statistician, emphasized that the data … Read more
In the current year, the Mozambique Stock Exchange (BVM) has witnessed a total of 12 bond issuances as of Monday, the 14th of August. These bonds have varying maturities, spanning up to ten years, and feature interest rates ranging from 17% to 19%. Issuance Highlights The amounts raised through these bond operations have exhibited a … Read more
The World Bank’s recent Food Security Update for July 2023 has sent ripples of concern through Nigeria as it highlights a troubling trend: prices of key agricultural products, exports, and cereals have surged by 6%, 4%, and a staggering 10% respectively. Even more unsettling, the prices of Maize and Wheat have skyrocketed, concluding July at … Read more
The South African rand commenced the new week on a less than favorable note, opening at over R19 to the US dollar. This comes on the heels of a 2.5% depreciation against the greenback during the preceding week. Unfortunately, this scenario bodes ill for motorists in South Africa, who are already bracing themselves for a … Read more