Reuters Africa Business

S.African unions get green light to strike at Sibanye-Stillwater gold mines

14 Jan 2022

JOHANNESBURG (Reuters) – South Africa’s labour arbitration body has cleared unions to give Sibanye-Stillwater notice of a strike after the two sides failed to resolve a dispute over wages for gold mine workers, the company said on Friday. The Commission for Conciliation, Mediation and Arbitration (CCMA), which has been mediating between Sibanye and unions, declared …

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Rwanda expects 10.2% economic growth in 2021 -finance minister

14 Jan 2022

NAIROBI (Reuters) – Rwanda expects its economy to have grown 10.2% in 2021 after contracting 3.4% a year earlier, helped by improved performance in agriculture, recovery in industry and construction, the finance minister said. Rwanda’s economy was hit hard in 2020 by the effects of restrictions aimed at curbing the spread of COVID-19, particularly tourism …

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Kenya’s new car sales rebound in 2021 on economic recovery

13 Jan 2022

NAIROBI (Reuters) – New car sales in Kenya jumped by a quarter in 2021 as economic growth rebounded from a pandemic-induced slump the previous year, driving up demand, the industry association said on Thursday. The East African nation is a small market for new vehicles due to limited purchasing power, which leaves most consumers buying …

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South African rand gains as dollar falls on U.S. inflation data

12 Jan 2022

JOHANNESBURG (Reuters) -The South African rand advanced on Wednesday as the dollar fell against other currencies, following U.S. inflation data which was in line with economists’ expectations. At 1535 GMT, the rand traded at 15.3700 against the dollar, around 0.9% stronger than its previous close. The dollar was down about 0.4% against a basket of …

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Nigerian stocks climb towards 4-year high, Dangote Cement rises

12 Jan 2022

ABUJA (Reuters) – Nigerian stocks climbed towards a four-year high on Wednesday, after Dangote Cement, Nigeria’s biggest listed company, announced plans to buy back shares next week. The all-share index gained 1.16% to 44,367 points, a level last reached in February 2018. Dangote Cement rose 6.18% to 275 naira, valuing the cement group at 4.675 …

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Morocco seeks foreign medics to plug pandemic gaps, minister says

12 Jan 2022

By Ahmed Eljechtimi RABAT (Reuters) – Morocco is considering wage hikes for health workers and tax incentives to attract foreign investors and doctors to plug shortages in the health system as it battles the pandemic and expands medical insurance, its health minister said. Hospitals have an “acute shortage” of 32,000 doctors and 65,000 nurses, a …

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Gold miners in Mali see no immediate sanctions impact

12 Jan 2022

JOHANNESBURG (Reuters) -Companies mining in Mali have not so far been impacted by tough economic sanctions imposed on the country by the Economic Community of West African States (ECOWAS), they said, telling investors their mines can withstand potential supply disruption. Mali is one of Africa’s biggest gold producers, with mining contributing around 10% of its …

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