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Rand poised for Ramaphosa recovery plan; Tanzania Shilling stable before election

Dollar hoarders test CBN mettle The Naira lost ground from last week’s gains, sliding to 461 to the dollar in the unofficial market from 457 a week ago. Lower oil export revenue and the economic impact from the pandemic will cause external reserves to sink to between $29.9b and $34.3b, from $35.7b in September, the CBN […]

[Webinar] Anti Africa Bias: Does Presumption of Risk Colour Investment?

Argentina, the world’s most notorious serial defaulter, was able to borrow from international investors with no repayment required for a century. Three years on, that bond is worth a fraction of its issue price as the country heads for its ninth default. By contrast, oil-rich Angola, which hasn’t defaulted since the end of its civil […]

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