Africa in BusinessAfrica in Business

Africa Market Update with Grant Nade, Portfolio Manager at Benguela Global Fund Managers

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Time now for our daily weekly update, and to unpack some of the most notable market movements for today is Grant Nader-Portfolio Manager at Benguela Global Fund Managers.. ..

Please find below Talking Points :

* The World Bank's Multilateral Investment Guarantee Agency says it plans to more than double its annual guarantees for Africa to $6.4 billion, in a move aimed at de-risking investment and unlocking more private capital for infrastructure and development projects across the continent.

* Fuel marketers in Nigeria are pushing back against legal action linked to import licences and the Dangote refinery, raising fresh concerns over competition, fuel supply dynamics and market concentration in Africa's largest economy.

* Ghana's central bank is seeking to purchase up to 30 percent of gold produced by mining companies to strengthen the country's foreign reserves and support currency stability amid ongoing global economic uncertainty.

* G7 finance ministers are holding emergency talks in Paris over the escalating Strait of Hormuz crisis, as fears of disruptions to one of the world's most critical oil shipping routes continue to rattle global energy markets and inflation outlooks.

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