↗Kenya Airways to Reveal Potential New Investors as Losses Deepen
Kenya Airways plans to reveal potential new investors as widening losses, rising fuel costs and aircraft shortages intensify pressure on its turnaround.
UKUMBI MARKETS INTELLIGENCE
Markets move.
Context matters.
Reporting on capital, currencies, companies and the policy decisions moving African markets.
01 / Market-moving stories
Signals behind the numbers.
Latest market journalism from across the continent.
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↗South African Miners Accelerate Shift to Renewable Power as Eskom Reliance Persists
South African miners are accelerating renewable power investment to cut costs and emissions, while Eskom remains essential for reliable baseload electricity.
↗Dangote Refinery IPO Puts Spotlight on Crude Supply Costs
Dangote Refinery’s planned $5 billion IPO draws investor focus to crude supply availability, import costs and margins as the Nigerian plant expands.
↗Rand Holds Steady Ahead of Key Economic Indicator Data
South Africa’s rand holds near 16.02 per dollar as investors await the June leading business cycle indicator and later producer inflation and budget data.
↗Equinor: Resources at Namibia’s PEL 90 Could Be “Pretty Big”
Equinor says Namibia’s offshore PEL 90 in the Orange Basin could hold significant resources as it acquires a 17.4% stake ahead of planned drilling.
↗Offshore Investors Sell South African Stocks, Buy Bonds
Offshore investors sold South African stocks while buying bonds, signalling stronger demand for fixed-income assets amid shifting global market sentiment.
↗Telecom Egypt Enters FTSE Russell Emerging Markets Index
Telecom Egypt joins the FTSE Russell Emerging Markets Index after moving to Mid Cap status, potentially increasing its visibility among global investors.
↗African Markets: Key Factors to Watch on August 24
African markets open August 24 focused on oil prices, currencies, Tanzania's hydropower launch, Ethiopia's debt restructuring and Zambia's political risks.