Standard Bank Seeks to Raise $3 Billion for Ugandan Oil Pipeline

Standard Bank Seeks to Raise $3 Billion for Ugandan Oil Pipeline

KAMPALA (Capital Markets in Africa) – Standard Bank Group Ltd.’s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year as the East African country prepares to start oil production by 2020. Stanbic Bank Uganda was appointed alongside Japan’s Sumitomo Mitsui Banking Corp. as joint financial adviser for the 1,445-kilometer (898-mile) pipeline, Patrick Mweheire, the chief executive officer of the Kampala, Uganda-based business, said in an interview on…

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Thomson Reuters Offers Financial Professionals Market Data & Analysis For Current And Upcoming Africa Elections

Thomson Reuters Offers Financial Professionals Market Data & Analysis For Current And Upcoming Africa Elections

Decision Africa App provides key economic data for Kenya, Angola, Liberia, and Mali Johannesburg, 10 August 2017 – Thomson Reuters has launched a dedicated Decision Africa app on its flagship desktop product Eikon. The app provides financial professionals with comprehensive market and data leading up to and after the elections in Kenya (8th August), Angola (23rd August), Liberia (10th October), and Mali (29th October).  The app features a chart book page of all four countries…

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Moody’s affirms EADBs Baa3 long-term issuer rating; outlook stable

Moody’s affirms EADBs Baa3 long-term issuer rating; outlook stable

NAIROBI (Capital Markets in Africa) – Moody’s Investors Service has today affirmed the East African Development Bank’s (EADB or the bank) Baa3 long-term issuer rating and maintained the stable outlook. EADB is a regional multilateral bank that serves the East African Community (EAC) with the aim of promoting sustainable socio-economic development as well as the regional integration of its shareholder member states: Uganda (B2 stable), Kenya (B1 stable), Tanzania (unrated) and Rwanda (B2 stable). It…

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Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

Assessing Uganda’s Fiscal and Monetary Policies in 2017 and beyond

KAMPALA (Capital Markets in Africa) – Uganda’s rate of growth, though positive, has slowed over the past few years to average 4.5 percent in the last five years compared to 7.4 percent in the preceding period. Core inflation has been in line with the target of 5 percent over the medium term, with the few deviations from the target arising largely from supply side shocks caused by developments on the global scene as well as…

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Africa’s Central Bank Monetary Policy Rates and Foreign Exchange Reserves

Africa’s Central Bank Monetary Policy Rates and Foreign Exchange Reserves

LAGOS (Capital Markets in Africa) – Angola’s central bank kept its benchmark lending rate unchanged at 16 percent following a policy meeting on Friday 28th April 2017, the bank said in a statement posted on its website. The National Bank of Angola (BNA) has kept its key rate steady since June last year when it raised it to the current level to curb accelerating inflation. In 2016 the BNA rate was raised 500 basis points….

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INTO AFRICA May 2017 Edition: Africa’s Insurance Markets Uncovered

INTO AFRICA May 2017 Edition: Africa’s Insurance Markets Uncovered

LAGOS (Capital Markets in Africa) – Welcome to the May 2017 edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. This edition focuses on the Insurance sector and is titled: Africa’s Insurance Markets Uncovered marks an exciting time in the sector. Please download by clicking: INTO AFRICA PUBLICATION: MAY 2017 EDITION. The insurance sector remains under-developed in Africa (it generates barely 1.7% of global insurance premiums) despite being home to 15% of the World’s population,…

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February’s Inflation Trends Across the African Continent

February’s Inflation Trends Across the African Continent

LAGOS (Capital Markets in Africa) – Angola’s consumer inflation edged down to 39.45% year-on-year in February from 40.39% in January, data from the statistics office showed. On a monthly basis, consumer prices increased 2.59% compared to 2.25% in January. Botswana’s consumer inflation quickened to 3.4% year-on-year in February from 3.1% in January. Prices rose 0.2% month-on-month compared to 0.4% previously, Statistics Botswana stated. Burundi’s year-on-year inflation rate climbed to 20.7% year-on-year in February from 12.9% in…

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