BAMAKO (Reuters) – Mali’s industrial gold mines are expected to produce 64.1 tonnes of gold in 2022, compared to 63.4 tonnes in 2021, the mines ministry said on Thursday. The slight increase is mainly the result of two new small mines, an official at the mines ministry told Reuters. Mali is one of Africa’s top …
Mali forecasts industrial gold production of 64.1 T in 2022 Read More »
By Eric M. Johnson and Tim Hepher (Reuters) – Ethiopian Airlines has emerged as the unidentified buyer of five Boeing current-generation 777 freighters reported this week, two people familiar with the matter said. The order, posted as an unnamed airline in Boeing’s monthly orders update on Tuesday, is separate from a recently announced provisional agreement …
Ethiopian Airlines orders 5 Boeing 777 freighters -sources Read More »
JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose by 2.9% year on year in January after falling 0.2% in December, the statistics agency said on Thursday. Factory production was up 1.9% month on month in January, Statistics South Africa said. (Reporting by Olivia Kumwenda-Mtambo; Editing by Emma Rumney)
CAIRO (Reuters) – Egypt is exploring new ways to lure tourists after conflict cut off Russia and Ukraine, two of its most lucrative markets, including possibly bringing Russians through third countries if sanctions allowed, its deputy tourism minister said. “Those were our two biggest markets with no doubt, and both are hit,” Ghada Shalaby said. …
Egypt working to lure new tourists after Russians, Ukrainians cut off Read More »
By Chijioke Ohuocha ABUJA (Reuters) -MultiChoice’s Nigerian business said on Thursday it expects a $4.4 billion tax dispute to be resolved “very soon” as Nigerian tax authorities began a forensic audit under a settlement with the South African pay-TV group. Nigeria’s Federal Inland Revenue Service (FIRS) froze the company’s accounts in June and served MultiChoice …
MultiChoice expects end of $4.4 billion Nigeria tax row ‘very soon’ Read More »
JOHANNESBURG (Reuters) – South Africa’s Sanlam said on Thursday its operating profit was back at around 2019 levels, it had recovered to pre-pandemic performance on other metrics and annual profits rose 27%, pushing its shares 6.5% higher in early trade. The country’s top insurer, which has South Africa’s largest life insurance business, reported the rebound …
Sanlam shares surge as S.African insurer returns to pre-COVID profits Read More »
HARARE (Reuters) – South Africa’s Sibanye-Stillwater said on Thursday it had stopped operations at its gold mines after two major unions began a strike over wages. The National Union of Mineworkers (NUM), Association of Mineworkers and Construction Union (AMCU) and United Association of South Africa (UASA) all voted for a strike, while the Solidarity union, …
Sibanye stops South Africa gold mining operations as strike begins Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday, boosted by higher commodity prices, and in line with a bounce in most emerging markets stocks and currencies, spurred by hopes of a negotiated end to Russia’s conflict with Ukraine. At 1554 GMT, the rand traded at 15.0331 against the dollar, 1.75% firmer than its previous close …
South Africa’s rand rises as emerging markets bounce Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) – The Johannesburg Stock Exchange (JSE), Africa’s biggest bourse, has seen net positive foreign inflows for the first time in three and a half years, data shows, as emerging market investors shifted funds from Moscow. Accounting scandals in top companies, anaemic domestic growth, regulatory concerns and corruption allegations against the …
Johannesburg stocks draw net positive foreign inflows as Moscow wanes Read More »
JOHANNESBURG (Reuters) – South Africa’s central bank has appointed deputy governor Fundi Tshazibana to lead its financial regulator, the Prudential Authority, in a rotation of deputy governor positions aimed at creating a more experienced senior leadership team at the bank. Tshazibana will replace Kuben Naidoo, the South African Reserve Bank (SARB) said in a statement …
S.Africa’s central bank picks Tshazibana to head Prudential Authority Read More »
