By Camillus Eboh LAGOS (Reuters) – Nigeria’s oil refinery in Port Harcourt will start processing 60,000 barrels per day (bpd) of crude oil in the first quarter of 2023, four years after it was shut for an extensive upgrade, the country’s junior oil minister said on Wednesday. The Port Harcourt refinery is undergoing a $1.5 …
Nigeria sees first refined oil from Port Harcourt refinery in Q1 next year Read More »
By Tarek Amara TUNIS (Reuters) – Tunisia said on Wednesday it has raised fuel prices by about 5% for the third time this year, in an effort to rein in its budget deficit, a policy change wanted by the country’s international lenders. The North Africa country, suffering from its worst financial crisis, is trying to …
Tunisia raises fuel prices again amid severe financial crisis Read More »
(Reuters) – South Africa’s Eskom is on track to suspend rotational power cuts on Friday, but warned of a possibility of outages next week, the state power utility said on Thursday. “Eskom would like to inform the public that any further deterioration in generation capacity may require further loadshedding,” it said. (Reporting by Bhargav Acharya …
South Africa’s Eskom warns of possibility of power cuts next week Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday as a fall in February retail sales, higher crude prices and inflation concerns took the shine off stronger commodity prices. At 1540 GMT, the rand traded at 14.5480 against the dollar, 0.30% weaker than its previous close. South Africa’s retail sales fell 0.9% year-on-year in February, after …
S.Africa’s rand falls on inflation worries, weak retail sales Read More »
NAIROBI (Reuters) – Mauritius’ central bank sold $200 million to commercial banks, representing its largest ever single intervention on the domestic currency market, it said on Wednesday. The Mauritian rupee has weakened 1.5% against the dollar since the start of the year, and more than 5% in April alone, data from Refinitiv showed. The rupee …
Mauritius central bank sells $200 million to commercial banks to prop up rupee Read More »
TUNIS (Reuters) – Revenues at Tunisia’s national carrier Tunisair TAIR.TN jumped by 178% in the first quarter this year to 216 million dinars ($72.12 million), the company said on Wednesday, as it seeks to recover from the effects of the COVID-19 crisis. The state-owned company said the number of passengers rose to 410,000 compared 149,000 …
Tunisair’s revenues jump by 178% in the first quarter Read More »
By Rachel Savage LONDON (Reuters) – Sub-Saharan Africa’s economy is set to grow 3.6% this year, down from 4% in 2021, the World Bank said on Wednesday, as it warned rising food and energy prices fuelled by Russia’s war in Ukraine could spark civil unrest in the region. While it upgraded the forecast for this …
Sub-Saharan Africa’s growth to slow to 3.6% this year, World Bank says Read More »
ACCRA (Reuters) -Ghana’s consumer price inflation accelerated to 19.4% year-on-year in March from 15.7% the previous month, the statistics service said on Wednesday, a record since inflation figures were rebased in 2018. The West African nation’s latest inflation reading raced far outside the government’s targeted band of 8% plus or minus 2%. Government Statistician Samuel …
Ghana’s consumer inflation hit record high in March, driven by Ukraine war Read More »
JOHANNESBURG (Reuters) – South Africa’s retail sales fell 0.9% year on year in February after rising by 7.7% in January, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales decreased 0.5%. Sales rose 3.2% in the three months to the end of February compared with the same period last year, the statistics …
South Africa retail sales fall 0.9% y/y in February Read More »
JOHANNESBURG (Reuters) – South Africa’s Transnet has begun a gradual resumption in operations at the minerals export hub of Durban port after flooding caused a 36-hour suspension, the Department of Public Enterprises said on Wednesday. State-owned logistics company Transnet suspended shipping at the port on South Africa’s eastern coast from 1930 local time on Monday, …
