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#CôteDIvoire: Authorities aim to process 50% of the country’s #cocoa output locally by 2027, up from 42%, to boost industrial capacity. #ThinkAfrica

🇺🇸/ZAR opened at 17.61⬆️ 🇪🇺/ZAR at 20.76⬇️ 🇬🇧/ZAR at 23.99⬇️ 🇨🇳/ZAR at 2.46⬇️ 🛢️Oil at USD68.62⬆️ #Markets

The #SouthAfrica economy-wide #PMI sentiment indicator from S&P Global is due today. #Markets

#Ghana’s #inflation outlook continues to strengthen, with the latest data from the Ghana Statistical Service confirming a deeper disinflationary trend as #headlineinflation fell sharply to 13.7% y/y in June from 18.4% in May. #ThinkAfrica

#Africa: Moody's Ratings agency cut its assessment of African Export-Import Bank - Afreximbank (#Afrexim)’s rating from Baa1 to Baa2, citing weaker-than-expected asset performance. #ThinkAfrica

🇺🇸/ZAR opened at 17.51⬆️ 🇪🇺/ZAR at 20.61⬇️ 🇬🇧/ZAR at 23.92⬇️ 🇨🇳/ZAR at 2.44⬇️ 🛢️Oil at USD68.52⬇️ #Markets

The SA Reserve Bank will publish its latest foreign exchange reserve figures, a release likely to draw market interest, particularly in light of recent moves in gold holdings. #Markets

#Kenya #June #PMI: Activity in Kenya's private sector saw the biggest contraction in close to a year, driven by slower consumer spending and the impact of protests in June. #ThinkAfrica

#Uganda #June #PMI: Uganda’s Purchasing Manager’ Index was recorded at 55.6 in June, slightly down from 56.4 in May, but still signalling strong improvement. #ThinkAfrica

🇺🇸/ZAR opened at 17.68⬆️ 🇪🇺/ZAR at 20.81⬆️ 🇬🇧/ZAR at 23.09⬆️ 🇨🇳/ZAR at 2.47⬆️ 🛢️Oil at USD67.87⬇️ #Markets

#SouthAfrica: Friday’s inflation-linked bonds (#ILB) auction was fully allocated following three weeks of under-allocation. #Markets

#Egypt: #NonOilPrivateSector continued to contract in June, with the S&P Global #PMI falling to 48.8 from 49.5 in May — marking the fourth straight month below the 50.0 neutral threshold, signalling contraction. #ThinkAfrica

🇺🇸/ZAR opened at 17.79⬆️ 🇪🇺/ZAR at 20.90⬆️ 🇬🇧/ZAR at 24.26⬆️ 🇨🇳/ZAR at 2.48⬆️ 🛢️Oil at USD69.31⬆️ #Markets

#SouthAfrica: From a monetary policy standpoint, the SA Reserve Bank (#SARB) Monetary Policy Committee (#MPC) scenario analysis indicated that the realisation of high tariffs (30% on SA and 10% effective world average) could exert renewed depreciatory pressures on the rand.

The IMF Africa's executive board has completed the fourth review under its Extended Credit Facility (#ECF) arrangement with #Ghana, unlocking an immediate disbursement of about US$367m. #ThinkAfrica

The Uganda Revenue Authority (#URA) has recorded a strong revenue performance for FY24/25, collecting UGX31.63trn against a target of UGX31.37trn, translating to 100.84% performance and a UGX262.43bn surplus. #ThinkAfrica

🇺🇸/ZAR opened at 17.80⬆️ 🇪🇺/ZAR at 20.83⬇️ 🇬🇧/ZAR at 24.16⬇️ 🇨🇳/ZAR at 2.48⬆️ 🛢️Oil at USD70.04⬆️ #Markets

In the #LogisticsSector, Transnet NPA (#TNPA) has unveiled the #Yarona, a locally built R120m multi-purpose vessel at the #PortofCapeTown, as part of its #MarineFleet Renewal Programme to modernise operations and enhance efficiency at #SouthAfricanPorts. #Markets

#Uganda’s state-owned oil firm, the UNOC (#UNOC), is seeking partners for #PetroleumExploration, development and production at its wholly owned #Kasuruba contract area. #ThinkAfrica

#Cameroon: The IMF and the #CameroonianAuthorities have reached a staff-level agreement on the eighth review of the Extended Credit Facility (#ECF) and the Extended Fund Facility (#EFF), as well as the third review of the Resilience and Sustainability Facility (#RSF).