Business and economy: Top news headlines from across Africa on October 31, 2016

Kenyan companies will be able to sell their shares in other countries without cross-listing after the issuance of regulations on Global Depository Receipts by the Capital Markets Authority (CMA) that have also opened the door for short selling.

Ivory Coast: This prosperous West African country is Africa’s fastest growing economy in 2016, according to the International Monetary Fund (IMF). The country’s phenomenal growth rate of 8.5 percent greatly contrasts with the rest of sub-Saharan Africa which has only seen three percent growth.

Ivory Coast and Morocco: A dozen of Moroccan companies specialized in the plastics industry started Monday a working visit to Abidjan to explore investment and partnership opportunities in Cote d’Ivoire’s market.

Egypt: Minister of Investment Dalia Khorshid inaugurated a logistics centre affiliated to Singapore’s Pacific International Lines (PIL) on Sunday, with investments worth $10m, according to the ministry.

Nigeria: The naira appreciated marginally against the dollar at the parallel market in Lagos on Monday, gaining N2. The currency exchanged at N468 to the dollar as against N470 it traded on Friday.