Reuters Africa Business

(Reuters) -Ethiopian Airlines has agreed to purchase eight Boeing 777-9 widebody jets, with potential for up to 12 additional aircraft orders, the companies said in a statement on Tuesday. Major airlines are in a race to place new orders for fuel-efficient widebody jets to keep operating costs down and to cater to booming international travel …

Ethiopian Airlines places order for eight Boeing 777X jets Read More »

TRIPOLI (Reuters) – Libya’s central bank governor on Tuesday devalued the dinar currency and asked parliament’s speaker to approve a new unified government, expanding his challenge to the prime minister in Tripoli. The governor, Sadiq Kabir, is at odds with Prime Minister Abdulhamid al-Dbeibah over the extent of spending by the Government of National Unity …

Libya’s central bank governor pushes for more unified government Read More »

By Leticia Fucuchima SAO PAULO (Reuters) – Brazil’s energy industry is making a fresh push to build new hydroelectric plants as a complement to surging solar and wind power projects, although a history of environmental concerns may pose political hurdles. More than half of Brazil’s power generation already comes from hydro plants, but it has …

Brazil power industry makes new hydro push despite environmental concerns Read More »

NAIROBI (Reuters) – Kenya’s private sector activity bounced back in February to record its first expansion since August, helped by easing inflation and gains in agriculture, manufacturing and services, a survey showed on Tuesday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) jumped to 51.3 in February from 49.8 a month earlier. Readings above 50.0 …

Kenya business activity shows first expansion since Aug, PMI survey shows Read More »

JOHANNESBURG (Reuters) -Shoprite, South Africa’s biggest supermarket group, reported a 7.6% rise in its half-year profit on Tuesday, supported by a record Black Friday and festive season as cash-strapped shoppers and upmarket consumers went after food deals. The retailer, with more than 3,500 stores across Africa, said diluted headline earnings per share came in at …

South Africa’s Shoprite profit up 7.6% in first half Read More »

JOHANNESBURG (Reuters) – South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 50.8 in February from 49.2 in January. A reading above 50 shows …

South Africa business activity picks up in February, PMI survey shows Read More »

JOHANNESBURG (Reuters) -French media group Vivendi’s Canal+ has raised its offer to buy all the shares of South Africa’s MultiChoice that it does not already own, the companies said on Tuesday. Canal+, the biggest shareholder in MultiChoice, will offer 125 rand per share, valuing the pending shares at about 33.7 billion rand ($1.77 billion) according …

Canal+ raises bid for South Africa’s MultiChoice Read More »