Reuters Africa Business

By Joe Bavier JOHANNESBURG (Reuters) – South African transport services group The Logistics Group (TLG) has been bought by private equity investors for 1.6 billion rand ($110 million) in a move that could help inject much-needed investment into the country’s creaking ports and rail network. South Africa, the continent’s most developed economy, is struggling with …

S.African logistics group acquisition promises increased investment Read More »

By Wendell Roelf CAPE TOWN (Reuters) – On South Africa’s Lancewood dairy farm, a GPS-guided tractor spreads cow manure across defined areas where tilling is banned and fertilizer used at a minimum, if at all. Some 2,500 Jersey cows graze on a selection of plants, from chicory to lucerne (alfalfa), that have been planted for …

South African dairy farmers eye carbon credits while curbing emissions Read More »

NAIROBI (Reuters) – Kenyan private sector activity slowed down in March, undermined by rising input costs that were driven up partly by Russia’s invasion of Ukraine. The S&P Global Kenya Purchasing Managers’ Index (PMI) fell to 50.5 in March from 52.9 a month earlier. The 50.0 mark separates growth from a contraction in activity. “The …

Kenya private sector activity falls in March -PMI Read More »

TUNIS (Reuters) – Tunisia’s remittances from workers abroad rose by 17% in the first quarter of 2022 compared with the same period of 2021 to reach 1.73 billion Tunisian dinars ($582 million), central bank figures showed on Tuesday. Remittances in all of 2021 reached a record 7.5 billion dinars. Tourism revenues rose to 545 million …

Tunisia’s remittances from workers abroad up 17% yr/yr in first quarter Read More »

JOHANNESBURG (Reuters) – South African private sector activity expanded at a faster pace in March compared with February, helped by growth in employment and new orders, a survey showed on Tuesday. The S&P Global South Africa Purchasing Managers’ Index (PMI) rose to 51.4 in March from 50.9 in February, posting its highest reading in four …

South African factory activity at four-month high in March -PMI Read More »

By Loucoumane Coulibaly ABIDJAN (Reuters) – Rain was below average last week in most of Ivory Coast’s cocoa growing regions but good soil moisture continued to strengthen the April-to-September mid-crop, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its rainy season that runs from April to mid-November. Downpours are frequent …

Weather adequate for start of Ivory Coast cocoa mid-crop, farmers say Read More »

KIGALI (Reuters) – The prices of petrol and diesel at the pump were increased in Rwanda on Monday, the utility regulator said, amid instability in the global oil market caused by Russia’s invasion of Ukraine in February. Rwanda has stabilised fuel pump prices since May 2021 by foregoing some taxes on petroleum products in a …

Rwanda raises pump prices of petrol, diesel on Ukraine war supply concerns Read More »