By Ange Aboa ABIDJAN (Reuters) – Ivory Coast will launch a pilot project in April to trace cocoa beans from farm to market, aiming to tackle issues such as deforestation and child labour, the head of the West African nation’s cocoa regulator said on Thursday. The new system will allow manufacturers and consumers to know …
Ivory Coast tests new cocoa traceability system to fight deforestation Read More »
JOHANNESBURG (Reuters) – SPAR Group distribution centres in Poland and Switzerland have removed all products manufactured and sourced from Russia and Belarus, the South African supermarket chain told Reuters on Thursday. “These products are few and not material in value. At this stage there has been no significant impact on the operations of the SPAR …
CAPE TOWN (Reuters) – South African energy company Gigajoule is confident of reaching financial closure by year-end ahead of construction of its $550 million Matola LNG import terminal in Mozambique with joint development partner TotalEnergies, the chief executive of the privately-held firm said on Thursday. The liquefied natural gas (LNG) terminal, which also has Mozambican …
NAIROBI (Reuters) – Kenyan private sector activity returned to growth in February, helped by manufacturing and agriculture after a drop in COVID-19 infection rates, a survey showed on Wednesday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 52.9 in February from 47.6 a month earlier. The 50.0 mark separates growth from a …
Kenya private sector activity expands in February – PMI Read More »
JOHANNESBURG (Reuters) – South African private sector activity expanded at a steady rate in February compared with January, supported by an uptick in output and new orders, a survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) stood at 50.9 in February, unchanged from January, remaining above the 50 neutral mark into expansionary territory. …
South African factory activity expansion steady in February – PMI Read More »
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – The fund responsible for managing Ghana’s mining royalties plans to invest up to $60 million this year in companies both within and outside the gold-producing West African nation, its chief executive told Reuters. The Minerals Income Investment Fund (MIIF) bought about $20 million worth of shares …
Ghana mining fund to invest $60 million in 2022 expansion drive Read More »
NAIROBI (Reuters) – Kenyan financial firm Stanbic Holdings said on Tuesday its 2021 pretax profit surged 57% to 9.76 billion shillings ($85.76 million) from a year earlier, helped by rising interest income and a drop in impairment charges. Stanbic Holdings, which also operates in South Sudan, said net interest income rose to 14.37 billion shillings …
Kenya’s Stanbic Holdings full year 2021 pretax profit jumps 57% Read More »
ABUJA (Reuters) – The Nigerian units of Royal Dutch Shell and TotalEnergies and state oil firm NNPC on Wednesday signed an agreement to supply 70 million standard cubic feet of gas to Dangote Group fertiliser plants to help ramp up production and increase exports. Mele Kyari, general manager of NNPC, which runs joint venture companies …
Nigerian units of TotalEnergies, Shell to supply gas to Dangote fertiliser plants Read More »
JOHANNESBURG (Reuters) – South Africa’s rand traded lower early on Thursday, shedding gains from the previous session, with traders turning cautious that Russia’s invasion of Ukraine could dampen economic growth. At 0642 GMT, the rand traded at 15.3360 against the dollar, around 0.2% weaker than its previous close. The currency had touched 15.2825 on Wednesday …
South African rand weakens with focus on Ukraine crisis Read More »
JOHANNESBURG (Reuters) – South African miner Exxaro Resources Ltd hiked its total dividend after its full-year headline earnings per share, the main profit measure in South Africa, jumped 58% thanks to surging coal prices. Headline earnings per share was 4,683 cents in 2021, up from 2,955 cents in 2020. Exxaro announced a total dividend of …
Exxaro hikes dividend after 58% rise in full-year profit Read More »
