Southern African Development Community Data

Moody's Investors Service ("Moody's") has today downgraded the long-term issuer and senior unsecured ratings of the Government of Ethiopia to Caa2 from Caa1 under review for downgrade. The outlook is negative. This concludes the review for downgrade initiated on 17 May 2021.

Morocco's central bank postponed the release of its monetary policy decision until Oct. 13 from today due to health reasons, the bank said on its website.

The Central Bank of Seychelles (CBS) kept its monetary policy rate (MPR) steady for the fourth quarter, saying the economy has not yet fully recovered from the effects of the COVID-19 pandemic despite a pick-up in economic activity.

Angola's central bank postponed the final decision and announcement of its monetary policy decision until Thursday, Sept. 30 from today, as was scheduled.

Fitch Ratings has assigned Nigeria's proposed US dollar bond, to be issued under its Global Medium Term Note Programme, a 'B' rating.

Melcom Group of Companies, the diverse business conglomerate, has announced its entry into the Quick Service Restaurant (QSR) business by acquiring the International Franchise Rights for Pizza Hut in Ghana.

Fitch Ratings has affirmed Angola's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC'.

Zimbabwe's central bank left its policy rate steady for the third time this year, saying there is still a need to maintain the current monetary policy stance that "has proven to be effective in combating inflation and fostering monetary stability in the economy."

Forbes has announced its plans to go public via a merger with a publicly traded special purpose acquisition company.

Fitch Ratings has upgraded Gabon's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'B-' from 'CCC'. The Outlook is Stable.