Resources Per Country
- Burkina Faso
- Cote d'Ivoire
- Equatorial Guinea
- Sierra Leone
- South Africa
- Congo (Democratic Republic of the Congo)
A plan by 15 West African nations to link up their debt markets is on track to become a reality by the end of 2023, part of a wider push toward great integration for their economies and finances, a market regulator said, Bloomberg News reported. The aim is to open up the debt auctions of individual countries to investors from across the Economic Community of West African States, or Ecowas, as the bloc is called, Daniel Ogbarmey Tetteh, director general of Ghana’s Securities and Exchange Commission, said in an interview.
South Africa’s Treasury expects a relief package for businesses and individuals affected by this month’s deadly riots to cost 38.9 billion rand ($2.6 billion), Bloomberg News reported. The government will spend an additional 31.2 billion rand and grant 5 billion rand in tax breaks, while 2.65 billion rand will be reallocated from within the budget, Edgar Sishi, the acting head of the budget office, said in an online briefing on Wednesday. The program won’t require additional borrowing, Treasury Director-General Dondo Mogajane said at the briefing.
Mexico sold its own ESG bond in early July linked to the U.N. Sustainable Development Goals, which include gender equality, zero hunger and clean water initiatives, Bloomberg reported. Slovenia, meantime, wowed investors in late June with a sustainability note for either green or social spending, which was more than 10 times oversubscribed. “Sovereigns are looking to undertake more social bonds in the wake of the COVID-19 pandemic,” Morgan Stanley strategists wrote last month.
Kenyatta International Convention Centre (KICC) has once again come under scrutiny after Auditor-General Nancy Gathungu reported that the top bosses at the center spent Ksh6.8 million that cannot be accurately accounted for, kenyans.co.ke reported. The auditor-general revealed serious breaches of protocol and fund misuse by KICC bosses who spent the money while attending a trip to Mauritius for an award ceremony where KICC had been named Africa’s leading meeting and conferences destination.