JOHANNESBURG (Reuters) -The South African rand strengthened on Thursday, supported by bets that the central bank will hike interest rates early this year. At 1615 GMT, the rand traded at 15.6875 against the dollar, roughly 1.4% firmer than its previous close and extending gains made a day earlier. It bucked a trend for weakness in …
South Africa’s rand boosted by local rate hike bets; stocks fall Read More »
JOHANNESBURG (Reuters) – South Africa’s telecoms regulator ICASA has lambasted Telkom for taking it to court once again, saying the mobile operator appears “hellbent” on stalling its efforts to licence much needed high demand spectrum. Telkom is seeking an urgent court order to prevent ICASA from holding the auction in March, which would further delay …
S.Africa regulator lambasts Telkom for stalling spectrum auction Read More »
By Ron Bousso LONDON (Reuters) – At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks https://www.reuters.com/business/energy/shell-talks-with-nigeria-divest-onshore-oil-stakes-2021-05-18 with the Nigerian government last year …
Exclusive-Shell’s Nigerian oil assets attract interest from local firms, sources say Read More »
By Duncan Miriri NAIROBI (Reuters) – China’s foreign minister began a visit to Kenya on Wednesday, where the government has relied on Chinese loans to develop infrastructure but faces criticism over the resulting debt burden. The Kenyan foreign ministry described the visit by Wang Yi, who is also state councillor, as “historic”. It said security, …
China’s foreign minister visits Kenya amid unease over rising debt Read More »
TUNIS (Reuters) – Tunisia’s annual inflation rate rose to 6.6% in December from 6.4% in November, official data showed on Wednesday. (Reporting by Mohamed Argoubi, Writing by Alaa Swilam, Editing by Chris Reese)
JOHANNESBURG (Reuters) -The South African rand rallied on Wednesday, recovering from the previous day’s losses, as the dollar dipped and safe-haven gold gained before the release of minutes from the Federal Reserve’s latest policy meeting. At 1603 GMT, the rand traded at 15.7300 against the dollar, roughly 1.8% stronger than its previous close. The dollar …
ABUJA (Reuters) – Shares of Airtel Africa hit an all-time high on Wednesday, lifting Nigeria’s main stock index, after the mobile phone company said it will use proceeds of a tower sale to reduce debt. Airtel, the third-biggest listed firm in Nigeria, with a dual listing in London, gained the maximum 10% allowed to 1,050.50 …
JOHANNESBURG (Reuters) – South Africa’s Telkom is seeking an urgent court order to prevent telecoms regulator ICASA holding a spectrum auction in March, which would further delay the country’s rollout of 5G and expansion of 4G capacity already held back by legal action. Operators have waited more than 15 years for ICASA to release spectrum …
South Africa’s Telkom asks court to stop spectrum auction again Read More »
NAIROBI (Reuters) – Kenya’s private sector activity expanded slightly in December to reach a 14-month high as COVID-19 restrictions were eased locally and abroad, a survey showed on Wednesday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 53.7 in December from 53.0 in the previous month. The 50.0 mark separates growth from …
Kenya private sector activity up to 14-month high in Dec -PMI Read More »
JOHANNESBURG (Reuters) – South African private sector activity contracted in December as concerns about rising COVID-19 cases driven by the Omicron variant and tighter travel restrictions hurt demand, a survey showed on Wednesday. IHS Markit’s Purchasing Managers’ Index (PMI) fell to 48.4 in December from 51.7 in November, dropping below the 50-point mark that separates …
South African factory activity shrinks in Dec on Omicron worries -PMI Read More »
