March 24, 2020/AfDB Arrears on loans owed by Somalia to the African Development Bank (www.AfDB.org) Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions and the resumption of full re-engagement between […]

March 24, 2020/Cordros Update The Monetary Policy Committee (MPC), faced with the choice of reducing or leaving policy parameters unchanged – unanimously elected to maintain the status quo by keeping all monetary policy metrics at current levels. Monetary Policy Rate (MPR) at 13.5%; Asymmetric corridor around the MPR at +200/-500bps; […]

Culled—Proshare March 23, 2020 BUA Cement  BUA Group, one of Africa’s largest infrastructure companies has announced its acquisition of majority shareholding in P.W.  Nigeria Limited – one of Nigeria’s largest construction, engineering and mining companies. According to BUA, this was necessary to further deepen its investments in the infrastructure business […]