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Kenya Is All Set to Launch Its First Blockchain Cryptocurrency
August 30, 2018--The East African country of Kenya is preparing to launch its first blockchain-based cryptocurrency.
It is expected that by the end of September 2018, the initial phase of the cryptocurrency will roll out and by May 2019, it is anticipated that it will be fully adopted in the trading sector.
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Source: livebitcoinnews.com
Local bourse closes firmer after a mixed trading session
August 29, 2018--The rand struggled against the US dollar as it weakened to a session low of R14.49/$ despite the US dollar trading mostly flat even as USA second quarter GDP numbers beat estimates.
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Source: FIN24
Firmer rand lifts financials and retailers on JSE
August 28, 2018--The rand briefly traded below R14 against the US dollar to reach a session high of R13.95/$ after news broke that the portfolio committee on public works had withdrawn the expropriation bill.
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Source: FIN24
Nigeria's GDP Grows By 1.5% in Q2-NBS
August 28, 2018--The National Bureau of Statistics (NBS), said Nigeria's Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter.
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Source: allafrica.com
Africa has phenomenal potential for intra-continental trade
August 25, 2018--Forty-nine of Africa's 55 countries signed the framework for the African Continental Free Trade Agreement (AfCFTA) to create a single continental market for goods and services, with free and unfettered movement of businesspeople and investments.
When at least 22 countries ratify it, the AfCFTA will officially come into force, potentially making the continent the largest trading bloc in the world.
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Source: un.org
Nigeria:Investors Positive Sentiment Lifts Capital Market
August 24, 2018--The bulls resurfaced in the equities market, at the close of trading at the Nigeria Stock Exchange
(NSE) with the All Share Index (ASI) closing higher by 1.57% to 35,206.16 points, as investors hunted bargains in DANGCEM shares.
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Source: allafrica.com
JSE closes marginally up after mixed session
August 23, 2018--The JSE All-Share index held on to its gains to eventually end the day 0.14% firmer, while the JSE Top-40 index added 0.13%.
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Source: FIN24
Rand weakens as Trump tweets about land debate
August 23, 2018--The rand slumped against the dollar after a tweet by US President Donald Trump on the country's land debate fueled speculation of possible sanctions against the country.
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Source: FIN24
-JSE rises as emerging market recovery continues
August 22, 2018-The JSE rose for a third consecutive session on Wednesday as emerging markets remained buoyant.
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Source: FIN24
JSE inches higher as rand gains, emerging markets find some reprieve
August 21, 2018--As the dollar weakened on Tuesday after US President Donald Trump criticised the US Fed, the rand managed to make up some of its losses-which buoyed financials and retailers.
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Source: FIN24
