Good Morning Africa
Good Morning Africa
Good Morning Africa

Good Morning Africa

@Good Morning Africa

<p>Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.</p>

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 16, 2024

🎙Why do governments need to invest in agro-processing infrastructure and long-term financing, and how are the opportunities in the Middle East market present to Africa?

🎙The JSE All Share index rose about 0.3% to finish at 73,218.

🎙Tunisia's economy contracted by 0.2% year-on-year in the fourth quarter of 2023, following an upwardly revised 0.3% decline.

🎙Nigeria's annual inflation rate climbed to a 28-year high of 29.9% in January 2024, up from 28.9% in December and above market forecasts of 29.5%.

🎙The annual inflation rate in Botswana quickened to 3.9% in January 2024 from 3.5% in the prior month.

🎙The annual inflation rate in Angola accelerated for the 9th straight month to 21.99% in January 2024, up from 20.01% in December.

🎙Ghana’s annual inflation rate rose to 23.5% in January 2024, from 23.2% in the prior month, staying well above the Central Bank's target band of 6% to 10%.


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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 15, 2024

🎙What measures need to integrate themselves into an uncertain future while rebuilding trust in the system?

🎙The JSE All Share index was trading below the 73,000 level on Wednesday.

🎙Kenya has successfully issued a new Eurobond worth $1.5 billion (Sh238 billion) to buy back the inaugural one due on June 24.

🎙Small and Medium-sized Enterprises (SMEs) championing green transition are set to benefit from a deal between FSD Africa and the African Guarantee Fund (AGF).

🎙The International Energy Agency (IEA) is launching a program to secure the supply of minerals critical to energy security as demand rises fast while manufacturing remains in the hands of a few key producers.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 14, 2024

🎙 What are the comparative advantages the East African countries have over each other in the apparel industry and what can they learn from Ethiopia?

🎙Bitcoin rallied to its highest price since December 2021 as the world's top cryptocurrency cleared the $50,000 price level. 

🎙Mining production in South Africa rose by 0.6% from a year ago in December 2023, following an upwardly revised 6.9% jump in the prior month and compared with market forecasts of a 4.9% advance.

🎙Industrial production in Senegal dropped 7% year-on-year in December 2023, accelerating from a 0.5% fall in the previous month.

🎙African Risk Capacity (ARC) has entered into a landmark $11.7-million partnership with the US government to increase access to parametric insurance in Africa.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 13, 2024

🎙 What are the key driving forces that will shape the long-term future of cybersecurity?

🎙The JSE All Share index was slightly down to 73,315. 

🎙Uganda’s central bank raised 1.3 trillion shillings ($339 million) in a rare private placement Treasury bond auction against a target of 1.5 trillion shillings.

🎙The annual inflation rate in Senegal accelerated to 2.1% in January 2024 from an over two-year low of 0.8% in the previous month.

🎙Egypt's largest private lender, Commercial International Bank (CIB), is looking to expand operations in Kenya in a bid to tap into the growing trade between Kenyan enterprises and the North African state.

🎙The African Development Bank Group has announced a follow-up equity investment of $15 million in the Trade and Development Bank Group (TDB Group) to support clean technology and low-carbon projects in its member states.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 12, 2024

🎙 Understanding the real estate market, players and why the property index is invaluable.

🎙Bitcoin (BTC) crossed $46,000 early Friday, as the CoinDesk 20 Index (CD20) jumped over 2%. Bitcoin is said to rise as much as $48,000 in the coming days, predicting a gain of at least 11%.

🎙UNCTAD urges urgent reform in global debt architecture as external debt hits $11.4 trillion, draining resources for development and impacting 3.3 billion.

🎙The annual inflation rate in Rwanda fell to 3.1% in January 2024 from 6.4% in December 2023.

🎙Kenya cyber threats increased to more than 1.2 billion cases recorded from 123 million threats detected in the previous quarter, representing a 943 per cent jump.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 9, 2024

🎙  Meet Jackie Kirabo: Co-Founder of Nate Nutrition Specialists

🎙The JSE All Share index was down on Thursday, trading below 74,100.

🎙The annual urban inflation rate in Egypt eased for the fourth consecutive month to 29.8% from 33.7% in December, falling below market expectations of 32.5%.

🎙Tanzania's annual inflation rate stood at a three-year low of 3% in January 2024.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 8, 2024

🎙 What are the reasons and outcomes of the forex exchange shortages in Africa?

🎙South Africa's gross foreign exchange reserves fell to $61.188 billion in January 2024, down from a record high of $62.518 billion in the previous month.

🎙The Central Bank of Kenya raised its benchmark rate by 50 bps to 13% at its meeting on February 6th 2024, following a massive 200 bps hike in December.

🎙Kenya and Japan’s motor vehicle giant Toyota have entered into a vehicle manufacturing deal that will see the firm set up a base locally. Toyota commits an initial investment of Sh800 million.

🎙Safaricom’s M-Pesa Ethiopia operations recorded Sh44.9 million in revenue.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 7, 2024

🎙The immense pressure interest rates have on private sector credit demand and how African countries use land as an asset vs active investments in stock portfolios.

🎙MTN and Mastercard have signed a definitive agreement for a minority investment of up to $ 200 million into MTN Group Fintech at a valuation of $ 5.2 billion on a cash and debt-free basis.

🎙The Nafex exchange rate is trading above N1,400/$ in late January.

🎙The Bank of Uganda kept its benchmark interest rate steady at 9.5% during its meeting on February 6th 2024.

🎙The trade deficit in Uganda narrowed to USD 446.8 million in December 2023 from USD 453.4 million in the same period in the previous year.

🎙The unemployment rate in Morocco rose to 13% in the fourth quarter of 2023, from 11.8% in the same period a year earlier.

🎙The annual inflation rate in Tunisia eased for the fifth straight month to 7.8% in January 2024 from 8.1% in December 2023.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 6, 2024

🎙 Future-proofing of Global supply chains and why politics should be left out.

🎙 The JSE All Share index hovered just below the flatline around 74,320.

🎙The S&P Global Ghana PMI dropped to 48.4 in January 2024, down from a four-month high of 51.8 in December.

🎙The Stanbic Bank Zambia PMI dropped to 49.2 in January 2024 from 49.6 in the previous month.

🎙The Standard Bank Mozambique PMI shrank to 47.8 in January 2024 from 48.8 in the previous month. 

🎙The Stanbic Bank Uganda PMI slightly fell to 54.0 in January 2024 from a six-month high of 54.8 the previous month.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 5, 2024

🎙 How can leaders mitigate the debt-servicing burden to preserve economic stability and a return to growth?

🎙The FAO Food Price Index fell for a sixth consecutive month to 118 index points.

🎙Kenya approved a secondary bond trading outside the NSE to enhance competitiveness in the country's capital markets, accounting for a Sh 734 billion annual bond turnover.

🎙The upstream industry hopes 2024 can be a bounce-back year, as Rystad Energy has identified 36 potential high-impact wells to be drilled, accounting for almost 64% of the global total oil.

🎙 The Central Bank of Egypt raised its overnight deposit rate by 200 bps to 21.25% and its lending rate to 22.25%, as core inflation decelerated to 33.7% and 34.2%

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.February 1, 2024

🎙 What is the role of infrastructure corridors and their means for trade and agriculture?

🎙Nigeria’s naira dropped to a record low against the dollar as low as 1,531 to the dollar on Tuesday, closing at 1,482.57 naira on the official market.

🎙The exit of Burkina Faso, Mali and Niger from the Economic Community of West African States (ECOWAS) could hinder the bloc’s economic growth,

🎙The Central Bank of Nigeria (CBN) has released another $64.44 million in blocked airline funds. 

🎙The central bank of Mozambique cut its key MIMO interest rate to 16.5% from five-year highs of 17.25%.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 31, 2024

🎙As adoption accelerates, the need to bridge the gap between AI’s potential and practical implementation has been brought to the forefront. Can AI aid in the achievement of SDGs?

🎙Oil prices fluctuated, with WTI crude futures falling below $76.7 per barrel after a 1.5% increase to three-month highs above $79.

🎙Global economic growth is expected to be subdued, if not stagnant, this year, with trade also expected to be sluggish.

🎙Total investment into the African technology startup ecosystem fell by 27.8%, to $ 2.4 billion, in 2023, down from a record $ 3 billion in 2022.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 30, 2024

🎙Why is America invested in the security in the Sahel and development prospects of Africa?

🎙Nigerian stocks extended gains for the 13th straight session on Monday, reaching a new record high of 105,006.

🎙The JSE All Share index was slightly down around 74,805 on Monday.

🎙The Bank of Ghana slashed its benchmark monetary policy rate by 100 bps to 29%. The International Monetary Fund agreed on Jan. 19 to disburse a second tranche of $600 million to Ghana under the country’s three-year bailout program.

🎙Zimbabwe's annual inflation rate rose for the third month to 34.8%, up from 26.5% in December.

🎙Sony is betting on Africa’s video game industry, which is expected to generate over $1 billion for the first time in 2024.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 29, 2024

🎙Uneven exposure to AI and the ability to harness its unique benefits will hamper progress in vital sectors and regions. As adoption accelerates, there is an urgent need to bridge the gap between AI’s potential and practical implementation. What does it take to ensure equal access to AI?

🎙CBN clears $2 billion forex debts and aids major sectors: manufacturing, aviation, petroleum. $61.64 million to foreign airlines strengthens Naira.

🎙The JSE All Share index reverted early losses and gained ground to close about 1.4% higher at 75,084 on Friday.

🎙Remittance growth to low and middle-income countries is expected to drop to 3.1 per cent in 2024.

🎙BMI company expects overall growth in sub-Saharan Africa to accelerate to 3.7%, up from 2.8% in 2023, higher than previously forecast global growth of 2.3%.

🎙Poor infrastructure and slow tariff harmonization hinder AfCFTA's progress. Non-tariff barriers persist, impacting businesses. Africa's roads need major investments for connectivity.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 26, 2024

🎙Greenhouse gas emissions rise; national pledges fall short of 2°C goal from 2015 Paris agreement, lacking 1.5°C ambition.

🎙PPC International Holdings has disposed of its 51% shareholding in Cimerwa for $ 42.5 million.

🎙The South African Reserve Bank unanimously decided to keep its key repo rate at 8.25%.

🎙The annual inflation rate in Zambia continued to climb for the seventh month to 13.2%, up from 13.1% in the prior month.

🎙Global electricity demand grew 2.2% in 2023, slowing due to decreased consumption in advanced economies. Projections indicate a 3.4% average growth from 2024 to 2026.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 25, 2024

🎙A quarter of global jobs face disruption, both growth and decline due to geo-economic, technological and green transition trends in the next five years. 

🎙Nigerian stocks crossed 100,000 points for the first time on Wednesday, reaching a new record high of 101,571.

🎙 Stock investors at the Nairobi Securities Exchange (NSE) lost at least Sh530 billion in paper wealth last year on capital flight as the shilling slid against major currencies.

🎙 Ivory Coast raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international Eurobonds market.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 24, 2024

🎙 Danish shipping and logistics company has suspended all sailings through the Red Sea until further notice following an attack and small boat swarm by Yemen's Houthi Group on December 30. 

🎙Nigerian stocks continue to rise for the eighth consecutive session on Monday, reaching a new record high of 96,307.

🎙Opec+ reports a fall in Algerian oil production in December of 4.6% compared to the previous year. 

🎙Gabon achieved its highest oil production level in nearly four years considering that oil constitutes approximately 80% of Gabon's total exports. 

🎙The annual inflation rate in Morocco slowed for a fourth consecutive month to 3.4% in December 2023, down from 3.6% in the previous month.

🎙KS Energy in partnership with a Tanzanian gas producer, targets financial closure for a small-scale LNG project, investing less than $90M. The first gas offtake is expected by early 2026, with a 17-34 million standard cubic feet per day capacity.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 23, 2024

🎙 The Chinese Foreign Minister Wang Yi is making the annual African tour.  The focal point of this year's tour is Security to bolster Chinese influence on the continent, promoting cooperation and development. 

🎙NSE All Share Index gained 28.8% in the last 12 months and increased 79.75% to 96251.00 Index Points.

🎙The JSE All Share index was slightly down around 72,365 on Monday. 

🎙Oil eased to around $73 per barrel on Monday as production resumed at Libya’s largest oil field following a three-week stoppage due to political protests.

🎙African central banks are set to uphold tight monetary policies in the upcoming weeks, diverging from European and Latin American counterparts that have begun interest rate cuts.

🎙The fast food market in the Middle East and Africa is projected to grow at a rate of 9.2% from 2024 to 2030. It is expected to reach a value of $62.44 billion, up from its current value of $33.88 billion.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 22, 2024

🎙What trade-offs and dilemmas will countries face as they seek to leverage the right economic tools and ensure sustainable, long-term growth? 

🎙Nigeria's oil production recovered last month, with oil output increasing by 7.1% m/m to an average of 1.35 million barrels per day (bpd) in 2023 and is forecasting oil output to rise to an average of 1.4 million bpd in 2024.

🎙Africa will be the world’s second-fastest-growing major region in the world after Asia. It's GDP is forecast to grow by 3.2 per cent in 2024, up from 2.6 per cent in 2023.. 

🎙ActionAid urges a 90% windfall profit tax on fossil fuels and banking sectors, potentially generating $382B for climate action and public services.

🎙Container prices tripled in 30 days, leading to soaring freight costs in Africa. Houthi rebel attacks in the Red Sea prompted shipping lines, including MSC and Maersk, to avoid the Suez Canal. China-Europe rates surged from $1,500 to $5,400 per 40-foot container. 

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 18, 2024

🎙We need to strengthen multilateral organisations in order to solve global challenges by working together.

🎙Nigerian stocks extended gains for the fifth straight session, reaching a fresh all-time high of 90,233.

🎙The JSE All Share index fell more than 1% towards the 72,000. 

🎙African business leaders anticipate 2024 growth, driven by tech investments and regional trade boosts, despite inflation and instability concerns.

🎙Egypt raises Suez Canal transit fees despite reduced traffic, prioritizing foreign currency amid Houthi attacks on Red Sea shipping.

🎙UN's Unctad reports global FDI rose 3% in 2023, reaching $1.37 trillion, defying recession fears as markets performed strongly.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 17, 2024

🎙The Importance of the World Economic Forum.

🎙Nigerian stocks rose over 3% to touch a new peak of 87,532 extending gains for the fourth straight session.

🎙The Central Bank of Kenya (CBK) reported the local currency trading at 160.23 units against the USD, compared to 159.85 end of last week. 

🎙Shell has agreed to sell its Nigerian onshore oil and gas subsidiary to a consortium of five mostly local companies for up to $ 2.4 billion.

🎙the Maputo Port Development Company (MPDC) says the Port of Maputo has achieved a record volume of 31.2 million tons in 2023, up 16% on the previous year.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 16, 2024

🎙Global growth slows to 2.4% from 2.6% in 2023 and is expected to marginally rise to 2.7% in 2025.

🎙Gold rises to $2,050/ounce amidst Middle East tensions and unexpected US producer price decline.

🎙The JSE All Share index was slightly down around 74,000

🎙The International Monetary Fund predicts a ‘soft landing’ scenario in 2024 for the global economy.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 15, 2024

🎙Why are women-owned businesses in Uganda plagued by high mortality rates?

🎙Senegal's annual inflation rate continued its downward trend, reaching 0.8% from 0.9% in the prior month.

🎙Global airlines project $25.7 billion in profits, supported by 4.7 billion travellers, cargo growth etc.

🎙Africa's shared mobility market, worth $4.2 billion, is set to double by 2030 to $ 7.8 billion, creating 550,000 jobs amid rapid urbanization and growth.

🎙Global methane emissions reveal targeting top methane-emitting oil and gas fields can cut global emissions by millions of tonnes annually.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 12, 2024

🎙 Meet Sharon Ireeta CEO of Nkwanzi Travel

🎙Bitcoin rises above 47K after US SEC approves first spot bitcoin exchange-traded funds.

🎙Kenyan startups dominate African venture capital, raising $800M in 2023, surpassing Egypt, Nigeria, and South Africa.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 11, 2024

🎙Understanding economic and financial risks of climate change, crafting sound policies, and financing the transition effectively.

🎙The JSE All Share index remained close to the flatline, hovering at 73,845.

🎙Egypt's urban inflation eased for the third month at 33.7% from 34.6%, slightly above market expectations of 33.4%.

🎙Rwanda's annual inflation rate declined for the third consecutive month, reaching a near two-year low of 6.4% in December 2023, down from 9.4% in the previous month.

🎙Ghana's annual inflation rate dropped for the fifth consecutive month to 23.2% in December, down from 26.4% in November.

🎙Mozambique's annual inflation rate decreased to 5.30% in December 2023 from the previous month's four-month low of 5.36%.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 10, 2024

🎙Can Ghana's expected $1.15 billion funding sustain falling interest rates amid election-year economic challenges?

🎙Nigerian stocks rose 0.7% to hit a fresh record high of 80,252 on Monday, marking the fifth straight session of gains in 2024.

🎙Tanzania's annual inflation rate reduced to 3% from 3.2% the previous month.

🎙IMF approves $60.7 million disbursement to Mozambique, completing a third review of the $456 million loan program, totalling $273 million disbursed since 2022.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.January 9, 2024

🎙How can African nations drive industrialization by investing in high-value sectors, developing regional value chains, and adopting flexible policies?

🎙South Africa's gross foreign exchange reserves hit a record high of $62.518 billion in December 2023, rising from $61.721 billion in the preceding month.

🎙Egypt's current account deficit narrowed by 12.1% to USD 2.8 billion in Q3 2023, down from USD 3.2 billion in the same period the previous year.

🎙The FAO Food Price Index fell to 118.5 in December 2023, the lowest since February 2021, from a downwardly revised 120.3 in November.

🎙ACWA Power signed a framework for a $4 Billion green hydrogen project in Egypt, producing 600,000 t/y of green ammonia, scaling to 2 Million t/y in a second phase.

🎙Red Sea transit insurance costs spike to 0.5% of ship hull value, up from 0.1-0.2%, as attacks prompt expanded risky zones.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 15, 2023

🎙COP28 concludes with a landmark 'loss and damage' fund, though funding falls short. Major deals benefit African nations, a highlight.

🎙Bitcoin soars to 20-month high at $42,000, doubling in 2023 amid cooling inflation and SEC's awaited approval for ETF.

🎙Namibia's annual economic growth rose to 7.2% in the third quarter of 2023 after an upwardly revised 5.5% rise in the previous three-month period. 

🎙South Africa recorded foreign direct investment inflows of ZAR 26 billion in the third quarter of 2023, marking a notable decrease from ZAR 53.8 billion in the second quarter.

🎙Economic growth in Uganda has continued to impress as the real GDP grew by 5.3% y/y in Q3 2023, following a 6.6% y/y expansion in Q2 2023.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 13, 2023

🎙 African nations grapple with pandemic fallout, geopolitical tensions, and supply chain disruptions, leading to economic crises, defaults, and uncertainty.

🎙The JSE All Share index was slightly up around 74,045 on Tuesday.

🎙EAC and TradeMark Africa unveil a game-changing app to eliminate non-tariff barriers, revolutionizing cross-border trade in East Africa.

🎙According to a report by Unctad, global trade in goods is expected to decrease by $2 trillion in 2023, which will be offset by a $500 billion increase in services.

🎙 World Bank pledges $100 million to CGIAR for climate research in Africa, fostering resilient, sustainable, and equitable food systems.

🎙Mining production in South Africa rebounded by 3.9% from a year ago in October 2023, following a 1.9% drop in the prior month and surpassing market forecasts of a 1.5% rise.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 12, 2023

🎙Africa's clean energy shift promises security, green jobs, and development but faces hurdles. 

🎙Gross foreign exchange reserves in South Africa increased to USD 61.721 billion from USD 60.932 billion.

🎙The Central Bank of Botswana slashed its benchmark interest rate by 25 bps to 2.40% at its meeting on December 7th 2023, pushing borrowing costs to the lowest since July 2022.

🎙Africa faces $25B annual loss from EU carbon tax, risking de-industrialization and reliance on raw exports.

🎙 The annual inflation rate in Rwanda declined to 9.4% from 12.9%.

🎙The annual urban inflation rate in Egypt decreased for the second straight month to a six-month low of 34.60% from 35.8%, after hitting a record high in September of 38.0%,



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 7, 2023

🎙What is the state of Ghana regarding its economic status or financial relief?

🎙The NSE-All Share index touched a fresh record level of 71,866.

🎙The Bank of Uganda left its benchmark interest rate steady at 9.5%.

🎙Namibia's central bank kept its key lending rate steady at 7.75%.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 6, 2023

🎙Is the canvas of innovation, technology, and industrialization in Africa a harmonious masterpiece or a diverse mosaic waiting to unfold?

🎙The JSE All Share Index extended initial losses to trade below 75,200 on Tuesday after three straight sessions of gains as investors digested poor domestic GDP data.

🎙South Africa's Q3 2023 GDP contracted by 0.2%, following a revised 0.5% rise in Q2, against a forecasted 0.1% fall.

🎙Central Bank of Kenya shocks analysts, raising benchmark rate by 200 basis points to 12.5% on December 5, 2023.

🎙The annual inflation rate in Tunisia eased for the third successive month to 8.3% in November 2023, down from 8.7% in the prior month. 

🎙Stanbic Bank Uganda PMI reached a 4-month high at 53.4 in November 2023, up from 52.4 in the prior month, surpassing the seven-and-a-half-year series average of 52.6.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 5, 2023

🎙Financial institutions to address advanced sustainable finance solutions.

🎙Bitcoin surges 4% to $41K on SEC ETF optimism. The market anticipates a Fed rate cut. Ether also rises 2.9%.

🎙The JSE All Share Index was 0.3% higher at 75,940, the highest level since mid-August.

🎙The first-ever international nuclear energy summit was announced in Brussels in March, following COP28 Ministerial Declaration with 22 countries pledging to triple capacity by 2050.

🎙EIB and Bank of Kigali launch groundbreaking €100M climate finance scheme in Rwanda, fostering sustainable agriculture and empowering women-led businesses.



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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.December 4, 2023

🎙BPR Bank and MVend Limited unite for a groundbreaking digital savings wallet, merging banking reliability with fintech innovation for enhanced financial management.

🎙OPEC+ has decided to reduce output by 1.7 million barrels per day (bpd) until the end of the first quarter of 2024.

🎙South Africa posted a trade deficit of ZAR 12.7 billion in October 2023, contrary to market estimates of a surplus of ZAR 9.1 billion, following a downwardly revised ZAR 12 billion surplus in September.

🎙IATA welcomes positive outcomes from ICAO's CAAF/3 in Dubai, advancing global efforts for aviation decarbonization and alternative fuels development.

🎙The annual inflation rate in Zambia accelerated for the fifth straight month to an over 1-1/2-year high of 12.9% in November 2023, up from October's 12.6%, amid the continued depreciation of the Kwacha currency.

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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.November 30, 2023

🎙Post-election turbulence, coups in Africa and regional unrest are leaving us with one question: what will it take to restore peace and stability in the region?

🎙OECD: Global growth downgraded to 2.9% in 2023, and 2.7% in 2024. US GDP revised higher, China improved; Euro Area lags behind.

🎙JSE adapts to global trends, fostering partnerships and revising listing rules to counter declining numbers, inviting companies to thrive.

🎙The annual inflation rate in Ethiopia increased for the second straight month to 29.2% in October 2023 from 28.3% in the previous month.

🎙IATA welcomes CAAF/3 outcomes: By 2030, aviation fuel aims for 5% less carbon, global SAF framework established, emphasizing policy support.

🎙Kenya initiates privatization, offering stakes in 11 firms, including state oil pipeline, to address debt; revamps laws for efficient process.



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11 min
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Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.November 29, 2023

🎙OPEC+ meeting postponed to November 30 over output quota dispute with African producers Nigeria and Angola.

🎙Cocoa futures hit $4,300/tonne, last seen in 1977, up 65% in 2023, fueled by supply worries from Ivory Coast and Ghana.

🎙Mozambique's annual economic growth accelerated to 5.92% from 4.67% in the previous three-month period.

🎙Kenya weighs using forex reserves to repay $2 billion Eurobond; concerns arise as reserves dip below $1.03 trillion statutory requirement.

🎙World Economic Forum's 2023 report: $13.5 trillion needed by 2050 for sustainable transition in key industries; collaborative innovation crucial.



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8 min
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