By Nelson Banya (Reuters) – South African gold producer Harmony Gold expects a near-term gold price boost from the Russia-Ukraine crisis, chief executive officer Peter Steenkamp told Reuters on Monday, after the company reported a 65% decline in half-year profit. Gold has risen by about 6% so far in February in the build-up to Russia’s …
S.Africa’s Harmony Gold sees price boost from Russia-Ukraine crisis Read More »
NAIROBI (Reuters) – Kenya’s year-on-year inflation slid to 5.07% in February from 5.39% a month earlier, the statistics office said on Monday. On a monthly basis, inflation was 0.40% from 0.31% in January, the Kenya National Bureau of Statistics said in a statement. (Reporting by George Obulutsa; Editing by Duncan Miriri)
CAIRO (Reuters) -Egypt’s government plans to issue sharia-compliant sukuk bonds, as well as more Eurobonds and Green bonds, to fund public projects, the finance ministry said on Monday. The country aims to increase the government’s contribution to state-backed green investments in next year’s budget as part of a progamme coinciding with it hosting of the …
Egypt plans sukuk to finance government investment projects Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -RCL Foods reported on Monday a 21.6% rise in half-year profit and said it planned more price increases to help ease pressure on margins at the South African food producer and in anticipation of soaring wheat prices due to Russia’s invasion of Ukraine. Consumer goods companies worldwide are grappling with …
S.Africa’s RCL Foods plans more price increases on margin pressure Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenyan digital payments company Cellulant plans to shift its focus to small and medium enterprises with the aim of turbo-charging its merchant acquisition growth to 50,000 this year from the current rate of about 1,000, its chief executive told Reuters. Investors have been flocking into African financial technology firms …
Kenya’s Cellulant targets 50,000 new merchants, boosts war chest Read More »
JOHANNESBURG (Reuters) – Private sector credit in South Africa increased by 3.12% year-on-year in January after rising by 2.58% in December, central bank data showed on Monday. The broadly defined M3 measure of money supply rose by 5.65% in January after expanding by 5.71% in the previous month. (Reporting by Olivia Kumwenda-Mtambo; Editing by Tom …
South Africa’s private credit up 3.12% y/y in January Read More »
CAIRO (Reuters) – Egypt, often the world’s top wheat importer, is working on a plan to buy wheat from other regions rather than Russia and Ukraine, the state news agency reported, citing Cabinet spokesman Nader Saad. “There are 14 approved countries Egypt could import wheat from, some of which are outside Europe,” Saad told a …
Egypt working to import wheat from regions other than Russia and Ukraine Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria will offer a naira incentive to exporters of semi-processed or finished goods made at home in a push to shore up the country’s dollar supply, the central bank said. Nigeria is facing chronic dollar shortages while rising demand has put pressure on the naira, as providers of foreign …
Nigeria to offer naira incentives to exporters to repatriate dollars Read More »
ALGIERS (Reuters) – Algeria, one of the world’s biggest importers of wheat, said on Saturday that the crisis in Ukraine will not impact its imports, an unnamed source from the state grains importer was quoted as saying by Ennahar TV on Saturday. Algeria does not rely on one supplier but several as its market is …
Ukraine crisis will not impact Algeria’s wheat imports -official tells Ennahar TV Read More »
By Chris Mfula and Rachel Savage LUSAKA (Reuters) – The International Monetary Fund (IMF) has yet to finish a health check of Zambia’s debt that is necessary to strike a restructuring deal with creditors after more data was requested from the government, the treasury secretary said. Zambia became the first pandemic-era sovereign default in late …
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