Fitch Affirms Morocco at ‘BB+’; Outlook Stable

Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook.   A full list of rating actions is at the end of this rating action commentary.   KEY RATING DRIVERS Morocco’s ‘BB+’ rating is underpinned by a record of macroeconomic stability reflected in relatively low inflation and GDP […]

Launch of the Research Hub by african|markets: Access reports from the best analysts covering Africa’s frontier markets

The african|markets team is proud to announce the launch of the Research Hub (hub.african-markets.com), an Africa-focused research distribution platform that connects investors to some of the best equity analysts covering Africa’s frontier markets.   Built for analysts, investors, academicians, and corporate insiders, the intuitive platform gives access to company, market, and sector reports, as well […]

Regional bourses commit to lure new investors

Regional stock exchanges have committed to enhancing the capital markets and increase their allure as preferred investment destinations for both local and foreign investors as well as attract new listings.   At their recently held 58th bi-annual meeting of the Committee of SADC Stock Exchanges (CoSSE), the secretariat emphasised on the need to enhance financial […]

Bank of Uganda keeps policy rate unchanged at 7%

Uganda’s Central Bank kept its benchmark policy rate unchanged at seven percent Wednesday in a strategic move that promises stable lending rates amidst increased credit default levels and renewed strength in the value of the Uganda shilling against the US dollar.   Whereas a continued soft policy stance has eased pressure on lending rates charged […]

Ghana: March inflation rate remains unchanged at 10.3%

By Goldstreet Business Published: April 16, 2021 10:24 AM The year-on-year inflation rate for March 2021 was unchanged at 10.3 percent.   The month-on-month inflation between February 2021 and March 2021 was 0.2 percent.   Professor Samuel Kobina Annim, the Government Statistician, said the year-on-year variation between Food (10.8 percent) and Non-Food inflation (10.0 percent) […]

Moody’s affirms the Republic of the Congo’s Caa2 ratings, maintains stable outlook

By Moody’s Published: April 13, 2021 9:07 AM Moody’s Investors Service, has affirmed the Government of Republic of the Congo’s (ROC) Caa2 long-term issuer ratings. The issuer outlook remains stable.   The main drivers of today’s action are the very weak state of ROC’s public finances as well as poor public governance, that have manifested […]

Fitch Revises Cameroon’s Outlook to Stable; Affirms at ‘B’

Fitch Ratings has revised the Outlook on Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’.   KEY RATING DRIVERS The revision of the Outlook reflects that the pandemic shock caused only a mild deterioration in public finances, which Fitch expects will be reversed, and confidence that […]

Fitch Upgrades Zambia’s LC IDR to ‘CCC’; Affirms FC IDR at ‘RD’

Fitch Ratings has upgraded Zambia’s Long-term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC’ from ‘CC’ and has affirmed Zambia’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’.   A full list of rating actions is below.   KEY RATING DRIVERS The upgrade of the LTLC IDR reflects that the government has continued to service its local […]

Coca Cola Mulls Sale of its $6 Billion Africa Unit

By Eunniah Mbabazi | Kenyan Wallstreet Published: March 31, 2021 11:33 PM Soft drinks giant, Coca Cola company is mulling options for its bottling business in Africa, which includes either a sale or an Initial Public Offering (IPO). As Bloomberg reports, a sale or IPO of the stake could value the business at about $6 billion. However, […]