Fitch, a global rating agency, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflected the deterioration of Ghana’s public finances, …
Standard Bank, Africa’s biggest lender, has slashed Ghana’s growth rate forecast for 2022 to 3.1 per cent, from the earlier 6.2 per cent. It has also lowered its 2023 Gross …
Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on importation of phone sets in 2019, $765.57m in …
South African Airways will henceforth allow passengers issue only Sold Inside Ticketed Inside (SITI), that is, trips emanating from Lagos-Johannesburg-Lagos tickets in naira. The airline disclosed this in a statement …
Nigeria’s sugar import in 2022 from Brazil has increased to N385 billion ($592.18 million). This increment comes amid the forex exchange (FX) restrictions placed on the commodity by the apex …
Parthian Partners Limited, a Nigerian Capital Market Conglomerate, has announced the issuance of its debut N10 billion 3-year Fixed Rate Senior Unsecured Short-term Bond. The issuance represents the first short-term …
Inflation in Ghana accelerated at a faster pace than expected in July as a slump in the value of the cedi raised the cost of imported goods like cooking oil …
Egyptian exports of food industries grew by around 2.4% year-on-year (YoY), or $51 million, during the first half of 2022, recording $2.169 billion. This was disclosed in a report by the Food …
The board of directors of Oriental Weavers Carpets (ORWE) has agreed to exit from its investments in China, according to a statement filed to the Egyptian Exchange (EGX) today. Accordingly, the company will accept the …
Egypt’s annual headline inflation recorded 14.6% in July 2022, compared to 6.1% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release …
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