Ghana Statistical Services releases monthly consumer inflation data
GLOBAL MARKETS Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week. WORLD OIL PRICES Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's plunge, as a stronger OPEC outlook on China's demand helped offset bearish global investor sentiment in the wake of the recent U.S. bank failures. EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on SOUTH AFRICA MARKETS
The South African rand edged up in early trade on Tuesday, ahead of the release of mining and manufacturing data later in the day.
KENYA MARKETS
The Kenyan shilling eased against the dollar on Tuesday as foreign-currency demand from oil marketers and manufacturers outstripped supply from the tourism sector, traders said.
SENEGAL ECONOMY
Growth in Senegal's economy is expected to accelerate in 2023 but still come in lower than expected, IMF mission chief Edward Gemayel said on Tuesday following a staff-level visit.
CYCLONE FREDDY
Cyclone Freddy, one of the most powerful storms ever recorded in the southern hemisphere, has killed 190 people in Malawi after ripping through southern Africa for the second time in a month, Malawi's government said on Tuesday.
KENYA WINDFARM
Climate Finance Partnership, a fund managed by BlackRock Alternatives, is buying nearly a third of the shares in Kenyan wind farm Lake Turkana, it said on Tuesday.
SENEGAL POLITICS
Over 10,000 supporters of Senegalese opposition leader Ousmane Sonko massed at a field in the capital Dakar on Tuesday, the first of three days of planned protests in support of the aspiring presidential candidate, who faces a libel case set to resume this week.
NIGERIA TECH
Nigeria launched a $672 million fund on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa's largest economy.
GHANA DEBT
Ghana started processes to settle payments on outstanding domestic bonds on March 13 and holders of those bonds should receive their payments within the next 24 hours, the finance ministry said on Tuesday.
GUINEA MINING
Guinean authorities and shareholders have agreed on the terms of a joint venture to mine Simandou, one of the world's largest deposits of iron ore, paving the way for work to resume this month, the presidency said on Monday.
SCB KENYA RESULTS
Standard Chartered Kenya SCBK.NR posted a 36% jump in its pretax profit for 2022 to 17.1 billion shillings ($132.15 million), its chief financial officer said on Tuesday.
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