Africa Markets—Factors to Watch tracks oil, gold, U.S. inflation data and key developments in South Africa, Kenya, Somalia, DRC, Guinea and Nigeria.
Egypt Poultry reported a consolidated second-quarter loss of EGP 451,224, offering investors a fresh view of the company’s latest financial performance.
MOPCO reported EGP 9.90 billion in first-half profit as export sales reached 80%, highlighting stronger overseas demand for the Egyptian fertiliser producer.
Nigeria’s electric vehicle ambitions face a major obstacle as unreliable power supply raises concerns about charging access, costs and nationwide adoption.
Nigeria is considering crude allocation and pricing reforms to improve domestic feedstock access for Dangote Refinery and other local refiners nationwide.
Merafe Resources' half-year headline earnings rose 64% as stronger chrome ore prices and sales offset lower ferrochrome production and industry pressure.
Kenya's budget deficit is projected to narrow to 5.7% of GDP in 2027/28 as domestic financing rises and external borrowing declines, the Finance Ministry says.
South African markets face jobs and manufacturing data, a bond auction, company earnings, and global oil, gold and U.S. rate signals on August 11.
Libya’s central bank governor Naji Issa has submitted his resignation, raising fresh concerns about financial stability amid the country’s political divide.
African markets face a busy August 10 as investors track inflation, oil prices, currencies, infrastructure finance and regional political developments.