Capital Markets

With the exchange still in its infancy, each new listing plays a critical role in testing the market’s infrastructure and building investor confidence—steps that Ethiopia’s economic reform agenda increasingly depends on.

With domestic liquidity at a record high, the Southern African nation is banking on a combination of internal borrowing, its large sinking fund and syndicated loans to manage the repayment without returning fully to international markets.

By pushing Kenya’s electronic share registry to 97 billion shares, the move marks a significant step toward full dematerialisation of securities and is expected to boost liquidity, transparency, and investor confidence.

The central bankers noted that the decision to cut rates was driven by lower inflation expectations and a more benign outlook for the economy.

The modest price gain signals cautious optimism among investors toward a bond that has been under continuous pressure for nearly a month.

The Angolan government acknowledged that while the swap offered cost benefits, it also exposed the country to new financial pressures.

The latest adjustment is poised to rebalance the government’s domestic debt profile—currently dominated by Treasury bonds—by attracting a broader pool of investors into the short-term market.