Independent reporting and sharp analysis on Africa.
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Markets, investment and trade across the continent.
Kenya's capital markets have received another encouraging signal following the successful completion of Quick Mart PLC's initial public offering (IPO), which attracted investor applications worth KES 18.41 billion against an offer valued at KES 15 billion.
Egypt has returned to international debt markets by reopening existing bond issuances worth $500 million, with an average tenor of five years.
The 2026 US midterms could reshape the financial conditions facing African governments and investors, but the consequences will depend less on the political winner than on the resulting direction of US borrowing costs, the dollar and international capital flows.
Crude oil prices remained elevated on Friday after a sharp rise in the previous session, as geopolitical tensions and disruption risks raised concerns over global energy supplies.
Stock markets across much of Africa closed lower on October 22, with Egypt recording gains while major exchanges in South Africa, Nigeria and other markets posted declines.
A new generation of investors is bringing a longer view to emerging markets.
