Nigeria: Interest rate hikes and naira weakness threaten manufacturing

April 2, 2024--While distressed companies are cutting costs, they will still face difficulties accessing finance in the current environment.

Many businesses in Nigeria are being whipsawed by the simultaneous blow of interest-rate hikes and the devaluation of the naira by the central bank, but those in manufacturing-an industry that relies heavily on imports and fluctuations in the exchange rate- face a real risk of shutting down.

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East Africa's regional 20 share index

June 24, 2025-The National Securities Exchange of Somalia (NSES) is joining the Somali Stock Exchange as a member of the East African Securities Exchanges Association (EASEA), which brings together the exchanges of Kenya, Rwanda, Somalia, Tanzania, Uganda and Ethiopia, as well as Burundi when that exchange will be launched.

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African Credit Rating Agency to Launch September 2025

June 16, 2025--The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025
The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility

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