NORTH AFRICA

EGYPT

Barclays has begun a formal process to sell its Egyptian unit, with at least two banks from the Middle East and North Africa region expressing interest in the business. (REUTERS) READ MORE

Egypt’s central bank kept the pound at 8.78 to the dollar…

NORTH AFRICA

ALGERIA

Algeria’s Tiguentourine gas plant is ready to come fully back online for the first time since a deadly militant attack in 2013. (REUTERS) READ MORE

Algeria’s annual inflation rate stood at 5.2% in June 2016, the National Office of Statistics (ONS)…

NORTH AFRICA

ALGERIA

The reform undertaken by the Algerian authorities aimed at unleashing initiatives to back national producers and entrepreneurs, said Afrique Asie magazine in its July-August issue. (APS.DZ) Read more

The current economic and financial…

EAST AFRICA

KENYA

Oil giant Tullow is selling $300 millions worth of convertible bonds to raise money for the development of new oil fields in East and West Africa. (THE EAST AFRICAN) READ MORE

My Bucks, a Frankfurt Stock Exchange-listed company, has bought out the…

NORTH AFRICA

EGYPT

Egypt said on Tuesday it was close to agreeing an International Monetary Fund (IMF) lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually over three years. (REUTERS) READ MORE…

NORTH AFRICA

EGYPT

Gulf bourses benefited from recovering oil prices to all close higher on Tuesday, although Egypt’s exchange stumbled for a second day as investors took profits from a rally inspired by future currency devaluation speculation. (REUTERS) READ MORE…

NORTH AFRICA

EGYPT

Business activity in Egypt shrank for the ninth straight month in June on the back of further declines in output, new orders, and employment. (REUTERS) READ MORE

Yields on Egypt’s three-month, six-month, nine-month and one- year treasury bills…

NORTH AFRICA

EGYPT

Egypt’s economy is picking despite core inflation rate rises slightly, the Central Bank of Egypt (CBE) said. Inflation rate saw an annual increase to reach 12.37 per cent in June compared to 12.23 per cent in May. (GULF TODAY.AE) READ MORE

Egypt…

EAST AFRICA

KENYA

Consumer confidence among Kenyans shot up significantly in the first three months of the year on the back of improved economic performance, the latest Nielsen Consumer Confidence Index (CCI) shows. (Business Daily Africa) Read more

Central Bank…

NORTH AFRICA

ALGERIA

Algeria’s foreign exchange reserves are expected to fall to $116 billion by the end of 2016 due lower oil prices, and the government is planning further cuts to curb spending over the next few years. (REUTERS) READ MORE

Algeria does not…

EAST AFRICA

KENYA

The Massachusetts Institute of Technology has named Internet company Jumia Group among the world’s 50 smartest companies. (BUSINESS DAILY AFRICA) READ MORE

First Assurance, majority owned by Barclays Africa, is set to receive Sh300 million capital…

EAST AFRICA

KENYA

The National Treasury has received the long-awaited Sh60 billion syndicated loan from China, which will enable the government to pay outstanding amounts to contractors. (BUSINESS DAILY AFRICA) READ MORE

Safaricom is testing a payment card that will be…

EAST AFRICA

KENYA

The Kenyan shilling was firm against the dollar in slow trade on Friday with traders hesitant to make large bets ahead of the central bank’s monetary policy committee meeting on Monday. (REUTERS) READ MORE

Iranian Finance and Economic Affairs Minister…

EAST AFRICA

KENYA

The post-Brexit Kenyan stock market decline has opened up opportunities for new investors to buy into equities on the cheap as multiples dip below historical averages, research analysts say. (BUSINESS DAILY AFRICA) READ MORE

Kenyan consumers will pay…

EAST AFRICA

UGANDA: The Ugandan shilling was firm on Monday, helped by sagging appetite for dollars from importers and banks. (REUTERS) READ MORE

KENYA:

Equity Bank has been ranked the fastest-growing large bank in Africa, which has helped it join the league of 25…

EAST AFRICA.

KENYA

Kenya Airways has set aside Sh1.5 billion for the staff rationalization program and the repayment of the 80 laid off staff will kick off this week as part of the exit procedure in its first phase of the Restructuring. (KENYAN WALL STREET) READ MORE…

EAST AFRICA

KENYA

The private sector has been challenged to actively get involved in the formulation of business related regulations to harness investments and promote the ease of doing business. (BUSINESS DAILY AFRICA) READ MORE

UAP Holdings will acquire all the…

EAST AFRICA

KENYA

The government took an additional Sh3 billion above the targeted Sh30 billion from this month’s Treasury bond issues, taking advantage of a 36-per cent over subscription on the issue. (BUSINESS DAILY AFRICA) READ MORE

Kenya is at a risk of defaulting on…

NORTH AFRICA

ALGERIA

An Algerian-Italian Business Club has been created on Wednesday in Algiers by both countries businessmen at the initiative of Managers Forum (FCE), aiming at boosting partnership between the Algerian-Italian economic operators. (APS.DZ) READ MORE…