🎙Fitch has revised the outlook on Kenya's long-term foreign-currency Issuer Default Rating (IDR) to negative from stable and affirmed the IDR at B.
🎙Top currency gainers are the Zambia Kwacha (2.06%), and the biggest losers are the South African Rand (-1.00%).
🎙The International Monetary Fund now projects Sub-Saharan Africa’s economic growth at 3.5 percent in 2023 in the latest revision, up, from 3.9% last year.
🎙The Central Bank of Nigeria lifted its benchmark interest rate by 25 bps to 18.75%.
