(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 the …
Ethiopia delays inflation data for over two weeks Read More »
JOHANNESBURG (Reuters) -The South African rand forged higher on Thursday, extending strong gains made a day earlier when inflation figures bolstered the case for the central bank to raise interest rates next week. At 1430 GMT, the rand traded at 15.1275 against the dollar, around 1.3% stronger than its previous close. On Wednesday it strengthened …
South African rand forges higher with rate hike in sight Read More »
JOHANNESBURG (Reuters) -The South African rand forged higher on Thursday, extending strong gains made a day earlier when inflation figures bolstered the case for the central bank to raise interest rates next week. At 1430 GMT, the rand traded at 15.1275 against the dollar, around 1.3% stronger than its previous close. On Wednesday it strengthened …
South African rand forges higher with rate hike in sight Read More »
BAMAKO (Reuters) – Cereal production in Mali fell 11% year-on-year in 2021 as farmers in the war-torn central region contended with low rainfall and mounting security threats, the agriculture ministry said on Wednesday. Mali is a major producer of rice and maize, typically exporting around 10-15% of its crop to neighbouring countries. Grain exports were …
Cereal production in Mali down 11% amid bad weather, conflict Read More »
HARARE (Reuters) – South African precious metals miner Sibanye Stillwater said on Thursday its annual gold output was slightly above the lower end of its target range, boosted by a strong second-half performance, even though some operations were halted. The company said South African gold production for 2021 was 27,747 kilograms, compared with its lower-end …
S.African Sibanye’s 2021 gold output above lower end of target Read More »
NAIROBI (Reuters) – Kenya will issue a new Eurobond in the next two to three months to raise $1 billion, part of its planned borrowing for this fiscal year, its finance minister said on Thursday. The East African nation set a budget deficit of 7.5% of GDP in its 2021/22 (July-June) financial year, looking to …
Kenya to issue $1 billion Eurobond in next 2-3 months -finance minister Read More »
NAIROBI (Reuters) -Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50 million from investors to fund its expansion into the rest of Africa, the firm said on Thursday. Copia is among a group of African start-ups that aim to use information technology to solve the continent’s problems, like highly fragmented and informal …
Kenyan retail distributor Copia secures $50 million for Africa expansion Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s economy, buoyed by a strong revival in tourism, will grow by 5.2% in the fiscal year that ends in June 2022 and by 5.5% in 2022/23 before slowing slightly to grow 5.4% the following year, a Reuters poll showed. After its tourist industry was devastated by the coronavirus …
Egypt economy forecast to grow 5.2% in year to June, 5.5% in 2022/23 Read More »
KHARTOUM (Reuters) -Sudan’s acting cabinet passed the country’s 2022 budget on Wednesday, as a military-led ruling council attempts to carry on in the face of ongoing pro-democracy protests. The country remains stuck in an economic crisis that had shown signs of possibly easing before an Oct. 25 military coup which led to the suspension of …
JOHANNESBURG (Reuters) -The South African rand strengthened on Wednesday, as December inflation came in higher than expected, bolstering the case for the central bank to raise interest rates next week. Statistics South Africa data showed annual consumer inflation accelerated to 5.9% last month from 5.5% in November, approaching the top of the South African Reserve …
South African rand gains as December inflation bolsters rate hike case Read More »
