PAN Africa Exchange (PANEX) is next month expected to launch live trading in bond and derivatives in Zambia, company chief executive officer Jacob Maaga has said. PANEX is a fully electronic marketplace designed to trade bonds, equities and derivatives and … Continue reading Zambia to start live bond, derivatives trading →

The World Bank has raised its 2016 forecast for crude oil prices to Sh4,100 ($41) from the current Sh3,700 ($37) per barrel. The forecast, carried in its latest Commodity Markets Outlook, comes amid improving market sentiment and a weakening dollar. … Continue reading World Bank forecasts surge in oil prices →

Tanzania wants an 8 per cent stake in Uganda’s planned oil refinery, a Ugandan minister said on Friday, a move that could be designed to boost Tanzania’s bid to secure a pipeline route for Ugandan crude over a rival pitch … Continue reading Tanzania offers to buy stake in Uganda’s oil refinery →