ACCRA (Reuters) -Ghana’s consumer price inflation accelerated to 15.7% year-on-year in February from 13.9% the previous month, far outside the government’s targeted band of 8% plus or minus 2%, the West African nation’s statistics service said on Wednesday. It was by far the largest jump in nine months of swelling prices, surpassing the record set …
Ghana says Feb consumer price inflation 15.7% year-on-year Read More »
(Reuters) – South African business confidence rose in the first quarter of the year, aided by vehicle trade and manufacturing as the economy recovers from the pandemic fallout, a survey showed, even as it flagged uncertainty amid the Russia-Ukraine crisis. A survey by the Rand Merchant Bank (RMB) showed on Wednesday its business confidence index, …
S.Africa’s Q1 business sentiment rises as economy recovers Read More »
By Nelson Banya (Reuters) -South Africa’s Solidarity said on Wednesday it would challenge a move by Sibanye-Stillwater to lock out its members as other unions began a strike at the company’s gold mines. The National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU) called for a strike over wages to …
South Africa’s Solidarity to challenge Sibanye lock-out Read More »
KHARTOUM (Reuters) – Sudan raised local fuel prices, lifting the gasoline price 547 Sudanese pounds ($1.23) per litre from 415 pounds, according to prices posted at a fuel station in the capital. Diesel prices were also raised to 507 pounds per litre. The pound traded at 530 to the U.S. dollar on Wednesday. ($1 = …
ADDIS ABABA (Reuters) – Ethiopia’s inflation rate eased marginally in February, thanks to slowing price rises of some non-food items while food price rises continue to accelerate, the statistics office said on Wednesday. Inflation was 33.6% in February from 34.5% the previous month, the statistics office said in a statement. On a monthly basis, inflation …
NAIROBI (Reuters) – Kenya’s finance ministry wants to peg the government’s debt ceiling at 55% of gross domestic product, with a requirement to provide a reasonable explanation to lawmakers if debt needs to go higher, proposals seen by Reuters on Wednesday showed. The East African nation raised its debt ceiling to 9 trillion shillings in …
Kenya’s Treasury seeks to amend debt ceiling to create fiscal room Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Africa’s largest mobile operator by subscribers, MTN Group, resumed annual dividends on Wednesday, declaring a higher payout than previous guidance as a divestment plan made progress and the firm reported higher profit. Last year March MTN suspended dividends to focus on reducing debt and because of uncertainty around cash upstreaming …
Africa’s MTN resumes dividend after bumper annual profit Read More »
JOHANNESBURG (Reuters) -South African utility Eskom on Wednesday said it would have to double planned power outages this week due to more breakdowns at its ageing coal-fired plants. From 9 a.m. (0700 GMT) it began cuts of 4,000 megawatts (MW) from the national grid, up from up to 2,000 MW of rotational power cuts. This …
South Africa’s Eskom deepens power cuts on breakdown woes Read More »
JOHANNESBURG (Reuters) – South African drugmaker Aspen Pharmacare on Tuesday concluded an agreement with Johnson & Johnson to package, sell and distribute the American group’s COVID-19 vaccines under its own brand in Africa. In November Aspen entered into talks with J&J for a licensing deal that would give it freedom to sell and distribute the …
S.Africa’s Aspen signs deal to package and sell J&J COVID vaccine Read More »
JOHANNESBURG (Reuters) – Telecom operators Telkom and Rain Networks won the first round of South Africa’s radio frequency spectrum auction, jointly spending 2.7 billion rand ($176.13 million) for low frequency bands ideal for indoor coverage, ICASA said on Tuesday. Telkom, in which the government holds a 40% stake, agreed to pay 1.5 billion rand for …
South Africa’s Telkom and Rain win first round of spectrum auction Read More »
