JOHANNESBURG (Reuters) -The South African rand fell on Tuesday, hurt by the U.S. dollar striking a five-year high as investors bet the Omicron coronavirus variant would not derail the global economy or delay the Federal Reserve’s expected interest rate hikes. At 1602 GMT, the rand traded at 15.9650 against the dollar, roughly 0.8% weaker than …
South African rand slides on dollar strength; stocks gain Read More »
RABAT (Reuters) – Morocco has invited bids to perform a study for the upgrade of Mohammedia port near Casablanca to host a liquified natural gas (LNG) floating storage and regasification unit (FSRU), the Moroccan ports agency said on Tuesday. The deadline for bids has been set at Jan. 25, the agency said on its website. …
Morocco picks Mohammedia for potential floating gas facility Read More »
KINSHASA (Reuters) – Democratic Republic of Congo’s central bank said it expected to cut its main interest rate in 2022 from 8.5% to 7.5% following a period of macroeconomic stability. The bank said in a statement shared with Reuters on Tuesday that the economy recovered strongly from the impact of the COVID-19 pandemic in 2021, …
Congo central bank expects to cut main rate to 7.5% in 2022 Read More »
NAIROBI (Reuters) – Kenya’s shilling was stable on Tuesday and was forecast to come under pressure due to dollar demand from oil importers, traders said. At 0754 GMT, commercial banks quoted the shilling at 113.10/30 to the dollar, compared with Monday’s close of 113.05/25. ………………………Shilling spot rates …………………Shilling forward rates …………………..Cross rates …………………………….Local contributors …………………..Central …
Kenyan shilling little-changed, to ease due to oil importer demand Read More »
By Diadie Ba DAKAR (Reuters) – Senegal President Macky Sall on Monday laid the foundation stone for the construction of a $1.13 billion deep-water port being developed by Dubai’s state-owned port operator DP World at Ndayane, around 50 km (31 miles) south of the capital Dakar. DP World Dakar, a joint venture between the Dubai-based …
Construction begins at DP World’s $1.1 billion port in Senegal Read More »
JUBA (Reuters) – South Sudan’s President Salva Kiir has appointed Moses Makur Deng as the new central bank governor, replacing Dier Tong Ngor, state television said on Monday. Neither the TV station, nor Kiir’s press secretary Ateny Wek Ateny, gave a reason for the changes. Makur previously worked as the director general for bank supervision, research …
South Sudan’s president names Moses Makur Deng as central bank head Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Monday, the first trading day of 2022, as an upbeat mood lifted assets globally. At 1602 GMT, the rand traded at 15.8875 against the dollar, around 0.4% firmer than its previous close. On global markets, U.S. and European equity markets powered higher in parallel with rising oil …
South African rand starts 2022 stronger on upbeat global mood Read More »
DUBAI (Reuters) – The state-owned National Bank of Egypt increased its stake in the country’s largest private bank, Commercial International Bank, to 9.13% from 8.27% at end-September, a disclosure form to the stock exchange dated Jan. 2 showed. (Reporting by Nadine Awadalla; Editing by Jacqueline Wong)
(Reuters) – Algeria will invest $39 billion in its energy sector from 2022 to 2026 to maintain its hydrocarbon output, Sonatrach’s CEO Tewfiq Hakkar told state TV ALG24. Of the $39 billion investment, $6 billion will be invested in 2022, Hakkar said. Ninety-five percent of Algeria’s foreign revenues are from oil and gas sales. (Reporting …
Algeria’s Sonatrach to invest $39 billion in 2022-2026, CEO says Read More »
CAIRO (Reuters) – Tunisia’s outstanding public debt will reach nearly 114.14 billion dinars ($39.77 billion) by the end of 2022, accounting for 82.6% of GDP, according to the report on state budget for 2022, Tunisia’ TAP news agency reported on Saturday. (Reporting by Tarek Amara; writing by Yomna Ehab; Editing by Nick Zieminski)
