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Citi and JPMorgan are expecting Turkey's central bank to hike rates by as much as 100 basis points in March to help keep inflation pressures in check. Turkey already has the highest interest rates of any major economy, but expectations have emerged of a further rate hike after data last week showed inflation rose above 15% in February to levels it last hit in mid-2019. Citi said it expected a further rate rise of between 50 and 100 basis points at the central bank's monetary policy committee meeting on March 18.
By Jackson Okoth | Kenyan Wallstreet Published: March 04, 2021 5:37 PM
Tanzania is likely to emerge in the coming months as the fastest growing economy in Africa in 2020.
This projection is based on data collected by Citi Researchers for Q3, 2020 which puts Tanzania’s Gross Domestic Product(GDP) growth at 4.8% in 2020.
“In part, this reflects that the country has had no significant national lockdown robust agricultural sector growth. Meanwhile, the government has not published COVID-19 data since May 2020 largely on the grounds that the pandemic had been defeated in the country,” said Citi in its recent Africa Economics and Strategy Weekly.
“While public debate on COVID-19 seems to have ended, in late January 2021, the World Health Organization (WHO) formally encouraged the Tanzanian government to prepare for the vaccine and put preventative measures to protect their population. Dar es salaam was also requested to share data on the COVID-19 situation with
DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corporation
DeepGreen, Developer of the World s Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
Friday, March 5, 2021 10:00AM IST (4:30AM GMT)
Vancouver, British Columbia, Canada & Dallas, Texas, United States:
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact
Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC