February 25, 2021
  • February 25, 2021

Articles Posted by Editor

Frontier borrowers re-enter debt markets to beat Fed

by on September 9, 2013 0

The world’s less developed states are reappearing in international debt markets, putting up with slightly higher borrowing costs in a race to beat a growing aversion to risk that could shut them out for some time. Kenyan President    The uptick in yields may, however, make local corporate borrowers reluctant to tap the markets, even […]

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Billionaire Dangote to invest $400 mln in Kenya cement plant

by on September 9, 2013 0

Africa’s richest man, Nigerian Aliko Dangote, plans to invest $400 million in a cement plant in Kenya, the east African nation’s president’s office said. Billionaire Aliko Dangote    Dangote owns various businesses under the umbrella company of Dangote Group, among them, Dangote Cement, which said in May it was investing $5 billion to build cement […]

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Nigerian naira weakens to fresh 20-month low

by on September 6, 2013 0

Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. Naira and dollar exchanging hands    The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. […]

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G20 says economy recovering but no end to crisis yet

by on September 6, 2013 0

The Group of 20 powers said on Friday the world economy was improving but it was too early to declare an end to crisis with emerging markets facing increasing volatility.    The prospect that the Federal Reserve may rein in its expansive monetary policies as soon as this month has plunged into turmoil some emerging […]

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Bargain hunters help extend gains in Kenyan shares

by on September 6, 2013 0

    Kenyan shares rose for the third straight session on Friday lifted by investors picking up stock they considered cheap after a bear run, while the shilling held steady. CBK Governor. Ndung’     The benchmark NSE-20 share index rose 0.7 percent to 4,677.60 points. The index has recovered from a two-week slide as investor […]

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Nigeria’s GDP slows to 6.18 pct yr-yr in Q2 – NBS

by on September 6, 2013 0

Minister of National Planning Commission, Shamsuddeen Usman      Nigeria’s economy grew 6.18 percent year-on-year in the second quarter, down from 6.56 percent in the previous quarter, due to oil production outages, the National Bureau of Statistics (NBS) said on Friday.    Crude oil output from Africa’s biggest producer averaged 2.11 million barrels per day (bpd) in the […]

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Nigeria sells 153 bln naira in T-bills, yields mixed

by on September 6, 2013 0

 Nigeria sold 153.92 billion naira ($941.41 million) in treasury bills this week with maturities ranging between three months and one year, the central bank said on Friday. CBN Gov, Sanusi    There was 22.97 billion naira worth of 91-day paper sold at 10.9 percent, compared with 11.09 percent at the previous auction on Aug. 21, […]

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Nigeria’s farming reforms still face hurdles, say companies

by on September 6, 2013 0

Worker in a cocoa farm in Nigeria  Nigeria is reforming its farming sector to bolster production and draw investment but companies this week said more needs to be done to tackle entrenched corruption, poor infrastructure and rogue government agencies.    Nigeria’s annual economic summit focused on agriculture for the first time, in line with President […]

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