JUST IN: @EximBankUS Sub-Saharan Africa Advisory Committee Conducts First Open Meeting for 2020-2021 today. Meeting focused on Competition with #China, @EximBankUS Support for U.S. Exports to Sub-Saharan Africa @BBoason @AgnesGitau @alykhansatchu @HelenCRobertson @BBatwooki After #SAAC Chairman #Dan Runde convened the meeting, @EximBankUS President and Chairman #Kimberly Reed delivered remarks highlighting the important work of the #SAAC, as well as #EXIM's Program on China and Transformational Exports when it comes to exports to the region.

JUST IN: Following order of Hon. Justice R.M. Aikawa of FHC (Lagos Division), #AMCON has taken possession of 12 prime assets belonging to Barrister Jimoh Ibrahim, chief promoter of #Global Fleet Oil & Gas Ltd and #NICON Inv. Ltd in Lagos & Abuja over indebtedness of nearly N70bn. In addition, the Court also ordered freezing of all accounts belonging to Barrister Jimoh Ibrahim and his coys. incl. Global Fleet Oil & Gas Ltd and NICON Inv. Ltd. all of who are defendants in Suit No. FHL/L/CL/776/2016 presided over by Justice Aikawa on Wednesday Nov. 4, 2020

News: "President Buhari and Four Other Nigerians Make it to the AEC’s Top 25 Movers & Shakers List for 2021", writes @energy_african @BBoason Johannesburg, November 18th, 2020: Published every year, the list identifies the leading African and international figures whose work and decisions have a direct impact on the African energy industry and the way Africans access and consume energy. @energy_african @BBoason

JUST IN: @afreximbank has released Afreximbank African Commodity Index (AACI) for Q3. Composite index fell marginally 1% QoQ due mainly to pull-back in energy sub-index, but agric commodities sub-index rose to become the top performer beating gains in base & precious metals. Recurrence of adverse commodity terms of trade shocks has been the bane of African econ., and in tracking movements in commodity prices, #AACI highlights areas requiring pre-emptive measures by the Bank, stakeholders policymakers in member countries & global institutions

BREAKING: The G-17 "Industrial production rose 1.1 percent in October. The index has recovered much of its 16.5 percent decline from February to April, but output in October was still 5.6 percent lower than its pre-pandemic February level." @BBoason @ARISEtv @THISDAYLIVE The output of utilities rose 3.9 percent, while the output at mines declined 0.6 percent to a level that was 14.4 percent below its year-earlier reading. At 103.2 percent of its 2012 average, total industrial production was 5.3 percent lower in October than it was a year earlier.

Cairo, 16 Nov 2020: – @afreximbank today in Cairo released its unaudited financials for 9-mths ended 30 Sept 2020. Notwithstanding the impact of the pandemic, the Bank recorded net income of $217.06mn (2019: $225.36mn), showing a slight decrease on the comparable period last year Net interest income grew by 16% to US$421.77 million (2019: US$362.83 million) mainly due to 18% decline in Interest expense to US$272.44 million in 9M, 2020 compared to US$331.36 million in the corresponding period of 2019.