Ghana cancels another domestic bond due to high yields
The Ghanaian government was forced to cancel yet another domestic bond auction due to high yields. According to Bloomberg, Ghana’s...
African local currency bonds are under pressure
While we have seen many African central banks tighten rates aggressively over the past year, inflation risks across the continent...
Nigeria reports 7th consecutive quarterly expansion
Nigeria recorded a growth rate of 3.5 percent y/y in the second quarter from 3.1 percent y/y in 1Q22, surpassing...
Bank of Ghana to purchase US$500m of foreign exchange amidst shortage of dollars
The Bank of Ghana (BoG) is reportedly set to purchase as much as US$500m of foreign exchange directly from international...
Nigeria: bond yields surge to the highest level
Reflecting the rising cost of domestic debt amid continued monetary policy tightening by Nigeria's central bank , yields on 12-month...
Africa: Ghana tops the list of the highest bond yields at 34%
Of the country sample tracked by ETM Analytics, seven of the ten highest local currency sovereign bond yields are from...
China cancels 23 interest-free loans to 17 African countries
China is set to cancel 23 interest-free loans to 17 African countries and redirect US$10bn of its International Monetary Fund...
Demand for African assets remains relatively healthy
Data published by Bloomberg on Monday showed that exchange-traded funds that buy emerging market stocks and bonds rose last week,...
World Bank to provide Mozambique with US$300m grant
Mozambique Finance Minister Max Tonela yesterday said that the World Bank will provide the country with US$300m to boost its...
Mozambique to ship first cargo of LNG this week
Mozambique is expected to ship its first cargo of LNG overseas this week. According to Bloomberg ship-tracking data, the LNG...
