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China's Bank of Communications In $8.9B Share Offering

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Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.

S.Africa's rand firms, bonds weak on rates outlook

A South African child holds a 50 rand note in a file photo.
South Africa's government bonds were weaker on Friday as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.
Gill Marcus

SAfrica cbank holds rates, targets inflation

South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.
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Intelsat New Dawn Satellite Launch Rescheduled for April 22 (FULL TEXT)

Intelsat S.A., the world’s leading provider of fixed satellite services, announced today that the launch of Intelsat New Dawn has been rescheduled to Friday, April 22 at 5:37 p.m. (EDT). The satellite, loaded on an Ariane 5 rocket, will be launched from the Spaceport in Kourou, French Guiana.
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S.Africa yield spread at record high, stocks gain

South Africa's government bond curve steepened again on Monday with the yield spread between shorter and longer-dated debt hitting a record high as dealers positioned ahead of a debt auction on Tuesday.
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S.Africa Q4 GDP beats forecasts on mines, agriculture

South Africa's economic growth came in higher than expected in the fourth quarter, boosted by stronger growth in the mining and agricultural sectors, according to data released on Tuesday.
A South African child holds a 50 rand note in a file photo.

S.Africa's rand steady against dollar, stocks gain

South Africa's rand was little changed from last week's closing levels against the dollar on Monday, with central bank intervention helping stem gains in the currency despite support from stronger commodity prices.

Kenya wind power plan gets government's support letters

Plans for a delayed 300 MW wind farm in Kenya can now proceed after lenders agreed to rely on the government's assurance that it backed the plan, instead of proper guarantees, the chairman of the project said.
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AFD Loans $50.1M to S. African Bank for Housing

The French Development Agency (AFD) signed a subsidized loan agreement on Wednesday with top South African bank, Nedbank, for $50.1 million (€40 million) to provide housing loans for low-income households.

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