LUSAKA (Reuters) – Zambia’s finance minister Situmbeko Musokotwane has asked holders of its defaulted debt to quickly evaluate restructuring proposals that are part of a $1.4 billion aid deal agreed with the IMF, he said in a statement on Friday. Musokotwane told creditors during an informal meeting that the board of the International Monetary Fund …
Eyeing IMF deal, Zambia asks creditors to evaluate debt proposals Read More »
JOHANNESBURG (Reuters) – Zimbabwe’s annual inflation quickened to 60.74% year on year in December from 58.4% in November, national statistics office Zimstat said on Friday. The December month-on-month inflation rate was flat at 5.76%, Zimstat said. (Reporting by Nqobile Dludla; Editing by Alison Williams)
NAIROBI (Reuters) – Kenya will issue two Eurobonds by June next year to raise funds to support the 2021/22 (July-June) budget in East Africa’s leading economy and to repay another sovereign bond maturing in 2024, Finance Minister Ukur Yatani said. Yatani said in a statement to the International Monetary Fund released late on Wednesday that, …
Kenya aims to issue two Eurobonds by June – finance minister Read More »
NAIROBI (Reuters) – Kenya’s shilling was unchanged on Friday, in quiet trade with a lot of participants staying away ahead of the Christmas break, traders said. At 0715 GMT, commercial banks quoted the shilling at 113.00/20 to the dollar, the same level as Thursday’s close. Markets will close at 0930 GMT on Friday, and be …
Kenyan shilling unchanged, market quiet ahead of Christmas break Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened against the dollar in thin trade on Thursday, as investors continued to buy riskier assets on expectations that the Omicron variant’s impact on the global economy would be less severe than previously feared. At 1516 GMT, the rand traded at 15.6300 against the dollar, 0.45% stronger than its …
By George Obulutsa NAIROBI (Reuters) -Kenya aims to replace a nominal public debt ceiling with a debt anchor as a percentage of gross domestic product by the end of June 2022, Finance Minister Ukur Yatani has said. The debt ceiling is set at 9 trillion Kenyan shillings ($80 billion) at present, the finance ministry said. …
Kenya to revamp debt rules as IMF says Kenya Airways nationalisation shelved Read More »
BAMAKO (Reuters) – Mali’s cotton harvest for the 2021/22 season is expected to be 731,000 tonnes, 10% below an earlier forecast due to insufficient rain in some areas and localised floods elsewhere, data from the cotton producers’ association showed on Thursday. In March, the government forecast that cotton production would rebound this season to 810,000 …
Mali revises down 2021/22 cotton harvest forecast to 731,000 tonnes Read More »
LUSAKA (Reuters) -Zambia expects to agree a debt restructuring plan with creditors around the middle of next year after reaching a preliminary understanding for a programme with the International Monetary Fund, Finance Minister Situmbeko Musokotwane said on Thursday. Zambia endured Africa’s first COVID-era sovereign default in November 2020 after years of chronic government over-borrowing drove …
Zambia expects to agree debt restructuring with creditors by mid-2022 – minister Read More »
NAIROBI (Reuters) – Kenya’s shilling was stable on Thursday, trading in a quiet market ahead of the festive season, traders said. At 0736 GMT, commercial banks quoted the shilling at 112.95/113.15 to the dollar, the same level as Wednesday’s close. ………………………Shilling spot rates …………………Shilling forward rates …………………..Cross rates …………………………….Local contributors …………………..Central Bank of Kenya Index …
Kenyan shilling steady against the dollar amid slow trade Read More »
(Reuters) – Ethiopia is suspending the tender process for its second telecommunications licence and will relaunch it in the “near future”, the government’s communications service said. The country said in September that it had invited proposal requests for the licence, which was due to be issued in January 2022. The African country of roughly 110 …
Ethiopia suspends tender process for second telecoms licence Read More »
