Airtel Africa drops 10% in early trade after Lagos listing

Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.

Emerging market currencies likely have seen the best of 2019

Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as U.S. President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday.

Nigeria orders banks to increase loans to spur an anemic economy

Nigeria’s central bank set a minimum loan-to-deposit ratio for commercial banks as it seeks to spur lending to stimulate the economy.

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Christine Lagarde nominated as President of the European Central Bank

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has been nominated as the President of the European Central Bank.

Posted: 8 days ago   Views: 1745
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US-China trade war may become a currency war within two years – Strategist 

The U.S. could spark a currency war in “two to three years” once it shifts away from its trade war with China, a strategist has claimed.

Posted: 8 days ago   Views: 1677
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OPEC prepares to extend oil production cuts to keep oil prices higher

OPEC and its allies look ready to restrict the supply of oil at least until the end of 2019 as they try to support prices in the face of softer global demand and surging US output.

Posted: 9 days ago   Views: 1277
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Shell, Exxon Mobil eye re-entry into Somalia's upstream sector

Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country’s oil ministry said in a statement.

Posted: 12 days ago   Views: 1657
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Nigeria’s Central Bank hints at new big bang bank shake-up

Nigerian banks face the uphill task of banking the unbanked even more aggressively after the country’s central bank governor recently announced that the financial inclusion

Posted: 13 days ago   Views: 3006
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Ivory Coast power exports fall 12% in 2018

Ivory Coast’s power exports to neighbouring countries fell by 12% last year to 1,078 gigawatt hours (Gwh), utility Cie has said.

Posted: 13 days ago   Views: 1848
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African nations join majority in opposing U.S. blockage at WTO

African countries have joined the list of nations wanting an end to a U.S. veto on judicial appointments at the World Trade Organization, a statement showed on Wednesday, meaning a large majority of WTO member states now openly oppose the U.S. position.

Posted: 14 days ago   Views: 1843
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Trade restrictions close to record levels - WTO

The World Trade Organization (WTO) has published a report which suggests trade restrictions among the Group of 20 countries remain at historically high levels.

Posted: 14 days ago   Views: 1399
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Kenya signs milestone crude processing deal with oil firms

The Kenyan government has signed agreements with oil major Total, Tullow Oil and Africa Oil Corp to develop a 60,000-80,000 barrels per day crude processing facility for oil discovered in the country’s northwest.

Posted: 14 days ago   Views: 1573
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US billionaires' group calls for wealth tax

Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change.

Posted: 15 days ago   Views: 1779
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