By Jonathan Cable LONDON (Reuters) – Global business activity largely slowed further last month as services firms struggled in the face of weak demand as rising prices and borrowing costs made indebted consumer rein in spending, a raft of surveys showed on Tuesday. In the euro zone, the picture was gloomier than initially thought as …
Global business activity showed signs of slowdown in August -PMIs Read More »
TUNIS (Reuters) – Tunisia’s annual inflation rate rose to 9.3% in August from 9.1% in July, the State Statistics Institute said on Tuesday. (Reporting by Tarek Amara; Editing by Jan Harvey)
JOHANNESBURG (Reuters) -The South African rand weakened on Tuesday against a stronger dollar as the country suffered the worst power cuts on record. At 1516 GMT, the rand traded at 19.2350 against the dollar, about 0.5% weaker than its previous close. The dollar last traded more than 0.6% stronger against a basket of global currencies. …
South African rand and stocks slip as power cuts bite Read More »
By Chris Mfula and Felix Njini LUSAKA (Reuters) -Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in …
Zambia agrees to hand disputed copper assets back to India’s Vedanta Read More »
By Camillus Eboh and Tife Owolabi ABUJA (Reuters) -Nigerian workers went on strike on Tuesday to demand a reversal of President Bola Tinubu’s reforms aimed at reviving growth in Africa’s largest economy, which have compounded a cost of living crisis. The two-day strike called by the Nigerian Labour Congress (NLC), which represents millions of workers …
Nigerian workers strike to force Tinubu to reverse reforms Read More »
NAIROBI (Reuters) – Private sector activity in Kenya expanded in August, helped by greater political stability that boosted both services and manufacturing, a survey showed on Tuesday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 50.6 in August from 45.5 a month earlier, breaking a six-month streak below the 50 reading that separate …
Kenya private sector activity expands in August – PMI Read More »
JOHANNESBURG (Reuters) – South Africa’s biggest supermarket group Shoprite Holdings reported a 9.6% rise in annual profit on Tuesday on the back of a double-digit sales growth across its food stores and the integration of 92 Massmart stores in the second half. Shoprite, which has more than 3,300 stores, posted headline earnings per share from …
South African supermarket giant Shoprite’s full-year profit jumps Read More »
(Reuters) – Soap maker PZ Cussons said on Tuesday it has offered to buy out minority shareholders of PZ Cussons Nigeria (PZCN) and aims to de-list the business from the Nigerian stock exchange amid “foreign exchange challenges” in the country. “The group believes the offer to be attractive for the minority shareholders of PZCN, particularly …
PZ Cussons looks to delist Nigeria unit with offer to minority shareholders Read More »
JOHANNESBURG (Reuters) – South African private sector activity grew for the first time in six months in August as improved demand led to firms boosting output, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 51.0 in August from 48.2 in July. A reading above 50 shows growth. …
South Africa business activity grows in Aug for first time in six months -PMI Read More »
LONDON (Reuters) – Vodafone plans to work with Amazon’s low Earth orbit satellite constellation Project Kuiper to extend the reach of its 4G and 5G telecoms networks in Europe and Africa. The British mobile operator said Project Kuiper’s high-bandwidth, low-latency satellites would be used to connect mobile base stations in remote locations to its core …
Vodafone teams up with Amazon’s Project Kuiper to extend 5G reach Read More »
