Qalaa Holdings reported 3Q21 consolidated financial results posting a net loss post minority of EGP441 million, versus 2Q21’s net loss of EGP402 million and 3Q20’s net loss of EGP444 million. Consolidated debt stood at EGP63.1 billion of which EGP43....

OPEC+ stuck to its output increase plan on 2 December but with the proviso that it could immediately react to a significant hit to demand from the Omicron Covid variant. An oil price of cUS$70 (Brent), close to the year-to-date average, approximately...

OPEC+ yesterday decided to persist with its 400k barrels a day increase in output through January, a surprise decision given how prices have slumped recently. It also suggests that traders may take a break from the panic selling seen recently as the ...

GCB’s Q3 21 results showed 24% yoy growth in its EPS to GHS0.47, higher than the 21% yoy expectation. We maintain our Buy recommendation on GCB with a TP of GHS8.6, translating to an ETR of 65%. Operating efficiency improved as the cost/income ratio ...

SARB wants to replace the reserve shortage system and solicits input by February. SARB mulls shifting to tiered floor system for the implementation of monetary policies. Shift to surplus reserves has advantages including stable interest rates and no....

The latest UN FAO World Food Price index (published on 2 December) showed a continuation of food inflation: up 1% mom, up 27% yoy and up 47% from the May 2020 trough. The silver lining is the deceleration in the pace of the increase (in October, the ...