ADDIS ABABA (Reuters) – Ethiopia’s inflation rate rose in December, thanks to price pressures accompanying the holiday season, the statistics office said on Monday. The Central Statistics Agency said in a statement inflation accelerated to 35.1% year-on-year from 33% in November, while on a monthly basis, inflation was 1.4% from -0.6% the month earlier. “The …
Ethiopia’s inflation quickens to 35.1% in December Read More »
CAIRO (Reuters) – Sudan’s 2022 budget is targeting economic growth of 1.4% and to reduce inflation to 202%, the state news agency SUNA reported on Saturday. Sudan’s acting cabinet passed the country’s 2022 budget earlier this month, as a military-led ruling council attempts to remain in power in the face of pro-democracy protests and to …
Sudan’s 2022 budget targets growth of 1.4%, reducing inflation to 202% – state media Read More »
LONDON (Reuters) – Nigeria’s Qua Iboe crude oil stream is to load 184,000 barrels per day (bpd) in March, up from 170,000 bpd planned for February, a preliminary loading programme seen by traders showed. (Reporting by Noah Browning)
By Gus Trompiz PARIS (Reuters) – Algeria’s move to halt imports of French wheat, in apparent fallout from a diplomatic row, threatens to leave France with a hefty stock surplus and encourage rivals to challenge its dominance of its top export market. French President Emmanuel Macron in October questioned whether there had been an Algerian …
French wheat exports falter as Algeria shuns its top supplier Read More »
JOHANNESBURG (Reuters) – The South African rand extended gains into a third day on Friday as traders positioned for an interest rate hike next week and the dollar slipped. By 1600 GMT the rand was 0.8% stronger at 15.1100 to the dollar and up 1.7% this week. The dollar was down around 0.2% against a …
South African rand extends rally on rate hike bets, weaker dollar Read More »
LONDON (Reuters) – Nigerian export plans for March began to emerge on Friday as cargoes for February sold out amid strong demand. * Nigeria’s Qua Iboe stream will load six crude cargoes in March, according to preliminary export plans seen by traders. * The Nigerian Yoho and Usan streams will each export two cargoes, Erha …
KAMPALA (Reuters) – Uganda’s coffee exports surged 28% in December compared to the same month last year, boosted by higher yields from newly maturing coffee trees, the state-run Uganda Coffee Development Authority said in a report. The east African country shipped 536,889 60-kg bags of coffee during the month, up 28% from a year earlier, …
Uganda’s December coffee shipments up 28% – UCDA Read More »
LUSAKA (Reuters) – Zambia’s finance minister Situmbeko Musokotwane said on Friday he expected the country to reach full agreement with the International Monetary Fund in the middle of this year, after reaching a staff-level agreement for a $1.4 billion support plan in December. “We are well on the way of solving this issue of unsustainable …
ABUJA (Reuters) – Nigeria will prioritise tax collection from its digital economy in 2022 and focus on non-resident firms with significant economic presence that generate turnover in the West African country, the country’s tax chief said on Thursday. Nigeria plans to tax digital non-resident companies that sell products to local customers at 6% of turnover, …
Nigeria to prioritise taxes from digital non-resident firms in 2022 Read More »
(Refiles to fix typo in headline) ADDIS ABABA (Reuters) – Ethiopia has delayed without explanation the release of monthly data for inflation, which topped 30% in recent months and hit a 13-year peak in September as conflict impacted food prices. Inflation is usually posted by the Central Statistics Agency (CSA) in the first week of …
Ethiopia delays inflation data for over two weeks Read More »
