Southern African Development Community Data

The country’s banking sector assets grew below five per cent last year despite coronavirus pandemic shock thanks to loan book.

Fitch Ratings has revised the Outlook on Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'B+'.

Fitch Ratings has upgraded Cote d'Ivoire's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable.

The central bank of Seychelles, the archipelago in the Indian Ocean, shifted its interest rate corridor to downwards to lower market interest rates and support the ailing economy, with the result the monetary policy rate was cut for the fourth time since September 2019.

Moroccan banks’ profitability recovered strongly in 1Q21 with loan impairment charges (LICs) easing and contributions to Morocco’s Covid-19 relief fund having ended, but full recovery to pre-pandemic levels is unlikely until at least 2022, Fitch Ratings says.

Ghana’s economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last year.

Uganda's central bank cut its benchmark interest rate for the fourth time in the current monetary easing cycle, saying the economic recovery still requires monetary policy support and inflation will likely remain below the target in the near term with little space for fiscal policy to respond to "fragile economic growth."

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is anticipated to convene on Thursday — for the fourth time in 2021 — to review the key interest rates in light of the domestic and global economic updates, amid expectations that the CBE will not introduce new cuts. 

Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014.

Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank (NSE:IMH) and NCBA Group (NSE:NCBA) as co-managers.