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    Africa

    On Friday, Africa focused e-commerce platform Jumia (JMIA) listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria in 2012. It currently has 4 million customers spread out in 14 countries including Egypt, Ghana, Kenya, Senegal, Angola, and Algeria.

    E-commerce firm Jumia has filed for an Initial Public Offering on the New York Stock Exchange (NYSE), which will make it the first African technology company to list on the exchange.

    Significant constraints on banks' capacity and willingness to absorb potential increases in government financing needs in the event of a shock are intensifying government liquidity risks in Angola (B3 stable), Bahrain (B2 stable), Ghana (B3 stable), Kenya (B2 stable) and Lebanon (Caa1 stable) Moody's Investors Service said in a report. 

    On 23 January 2019, EDF and CONERGIES-GROUP announced the partnership to jointly develop and deploy groundbreaking energy efficiency solutions in refrigeration and air conditioning for industrial and tertiary customers
    in West Africa. Further to this partnership, EDF has acquired a 49% stake* in CONERGIES-GROUP.

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