Fitch Ratings has downgraded Togo-based Ecobank Transnational Incorporated's (BRVM:ETIT, GSE:ETI, NGSE:ETI) Long-Term Issuer Default Rating (IDR) to 'B-' from 'B' and Viability Rating (VR) to 'b- from 'b'. The Outlook on the Long-Term IDR is Stable. A full list of rating actions is at the end of this rating action commentary.

Jumia yesterday closed its Tanzanian business, just ten days after leaving Cameroon. A statement from the company reveals that the retailer left Tanzania to focus on operations in other countries.

Morgan Stanley Capital International ( MSCI) has made a change in the MSCI Frontier Market Index as part of the company’s regular update cycle.

The African Export-Import Bank (Afreximbank), a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, announces that it intends to publish a registration document and is considering proceeding with an initial public offering (IPO) of global depositary receipts (GDR"), representing Class D ordinary shares of the Bank. The GDRs are expected to be admitted to trading on the main market London Stock Exchange.