In Your Interest
April 1, 2021/Fitch Ratings Fitch Ratings has assigned Seplat Petroleum Development Company Plc’s (Seplat; B-/Positive) new 7.75% USD650 million senior notes due in 2026 a final senior unsecured rating of ‘B-‘. The Recovery Rating is ‘RR4’. The new USD650 million senior notes benefit from the same upstream guaranty package from […]
April 1, 2021/InvestmentOne Update ASI as at 12.00pm: -0.35%. Market movers: FTNCOCOA (-8.70%), MBENEFIT (-8.70%), UACN (+10.00%) and ROYALEX (+10.00%). Sector Performances: Banking (-3.18%), Oil and Gas(+0.40%), Consumer Goods (+0.19%) and Industrial (+0.03%). Market activity: In today’s early trade, while total volume rose by 52%, total value dipped by 31% compared […]
The IMF approved the purchase of US$270.83 million to Namibia under the Rapid Financing Instrument (RFI) to address urgent balance of payment and fiscal financing needs stemming from the COVID-19 pandemic. Namibia is being severely affected by the COVID-19 pandemic, with the economy having sharply contracted by 7.2 percent in […]