By Ange Aboa ABIDJAN (Reuters) – Ivory Coast’s cocoa regulator is sticking with its forecast for a drop of about 10% in output for the 2021/2022 season, despite a pick-up in beans arriving at ports in the past three weeks. Yves Brahima Kone, chief executive of the Ivory Coast Cocoa and Coffee Council (CCC), and …
Ivory Coast cocoa regulator sees output down despite strong port deliveries Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Monday, as the dollar edged higher amid expectations for several U.S. Federal Reserve interest rate hikes this year. At 1502 GMT, the rand traded at 15.4150 against the dollar, around 0.3% weaker than its previous close. The dollar was up less than 0.1% against a basket of …
(In paragraph 12 of Jan. 13 story, fixes name and spelling of Goldman Sachs’ Sub-Saharan Africa analyst Bojosi Morule.) By Marc Jones and Karin Strohecker LONDON (Reuters) -Fast-rising debt levels and choking interest payments are putting Ghana at growing risk of a debt crisis, economists are warning. While strong global commodity markets mean Ghana’s economy …
Ghana at growing risk of debt crunch, analysts warn Read More »
ABUJA (Reuters) -Nigeria’s double-digit inflation climbed to 15.63% in December after eight straight months of decline as prices for food and non-food items rose, the statistics office said on Monday. Inflation, which has been in double digits since 2016, rose by 0.23 percentage points from 15.40% in November, it said. “The change must have been …
Nigeria’s inflation rises in December after 8 months of decline Read More »
PARIS (Reuters) -France’s TotalEnergies and Japan’s Inpex Corp said that they had agreed to sell their interests in Angola’s Block 14 B.V. to Angolan Company Somoil for an undisclosed sum. Angola Block 14 B.V, which is owned by TotalEnergies Holdings International B.V with a 50.01% stake and Inpex Angola Block 14 Ltd with a 49.99% …
TotalEnergies, Inpex to sell their interests in Block 14 in Angola Read More »
By Nuzulack Dausen DAR ES SALAAM (Reuters) – Tanzania and Burundi have signed an agreement to construct a $900 million railway line linking the two countries and are looking for financial backers for the project, Tanzania’s finance ministry said in a statement issued late on Sunday. The 282 kilometre line, which will connect the western …
Tanzania, Burundi sign accord to build $900 million railway line, seek finance Read More »
KHARTOUM (Reuters) – The value of Sudan’s currency fell by more than 3% to 465 pounds to the dollar on the black market on Sunday, traders said, as demand for dollars surged amid continuing political uncertainty following a coup in October. The Sudanese pound had mostly stabilised in recent months after being sharply devalued in …
Price of Sudanese pound slips on parallel market amid political uncertainty Read More »
JOHANNESBURG (Reuters) – South Africa’s state power provider Eskom will from Monday carry out a staggered shutdown of both units of its Koeberg nuclear power station for scheduled refuelling and maintenance, putting an already overburdened power system under additional strain. In a statement, Eskom said it would take Unit 2 offline from Monday for five …
South Africa’s Eskom to shut down units of nuclear plant for refuelling Read More »
DAKAR (Reuters) – Mali said on Friday it would give airlines three days to confirm they will continue flights to the country or lose their landing slots, after several carriers suspended service in response to sanctions being imposed on the military-led government. Regional carriers, including Air Cote d’Ivoire and Air Senegal, and Air France suspended …
Mali gives airlines 72 hours to use or lose landing slots Read More »
NAIROBI (Reuters) – Remittance inflows into Kenya surged by a fifth last year to hit a record $3.72 billion, the central bank said on Friday. Along with farm exports and tourism, the funds are a key source of foreign exchange and are tracked by traders. “The cumulative inflows in 2021 were a record of $3,718 …
Kenya remittance inflows up 20% yr/yr in 2021 – central bank Read More »
