NAIROBI (Reuters) – Uganda’s central bank held its key lending rate at 6.5% on Monday and said that, while economic activity was returning to normal, risks to the growth outlook were tilted to the downside. (Reporting by Ayenat Mersie; Editing by Kevin Liffey)
By Loucoumane Coulibaly ABIDJAN (Reuters) – Light rains and mild seasonal winds in most of Ivory Coast’s cocoa growing regions last week should boost the quality and size of the October-to-March main crop, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its dry season from mid-November to March, when downpours …
Light rains and mild wind help Ivory Coast cocoa crop, say farmers Read More »
JOHANNESBURG (Reuters) -South African power utility Eskom said on Monday it had executed the separation of its transmission division, subject to certain conditions, in line with an end-December deadline set in a restructuring plan. President Cyril Ramaphosa said in 2019 that the debt-laden utility would be split into three divisions – generation, transmission and distribution …
Cairo (Reuters) – Egypt’s Suez Canal earned revenue of $6 billion from January until the first half of December, the canal authority’s chairman, Osama Rabie, said in a statement on Sunday, noting it was the period’s highest ever revenue. (Reporting by Moataz Abdelrahiem; editing by Jason Neely)
LONDON (Reuters) – Nigeria is set to export 68,000 barrels per day (bpd) of Bonga crude oil in February, down from 123,000 bpd planned for January, according to a preliminary export programme seen by traders. (Reporting by Noah Browning; Editing by Edmund Blair)
LONDON (Reuters) – Nigeria issued its official selling prices for January and export programmes for export plans for February began to emerge. * Nigeria’s state oil company NNPC on Friday cut its January official selling prices (OSPs) for Bonny Light to dated Brent plus 24, from plus 33 cents and Qua Iboe crude to plus …
WASHINGTON (Reuters) – The International Monetary Fund said its Executive Board on Friday approved the disbursement of $258 million to Kenya. The IMF said in a statement the board’s decision on the disbursement would bring total IMF financial support under Kenya’s Extended Fund Facility and Extended Credit Facility programs to $973 million. “Kenya showed remarkable …
GABORONE (Reuters) -De Beers Group said on Friday it has extended by six months a 10-year agreement with Botswana for the sale of rough diamonds from their jointly owned venture, giving both parties more time to negotiate a new contract. The 2011 rough diamond sales agreement in which the venture, Debswana, sells 75% of its …
De Beers extends Botswana sales deal as it negotiates new contract Read More »
(Reuters) – Nigeria’s state oil company on Friday cut its January official selling prices (OSPs) for Bonny Light and Qua Iboe crude oil to dated Brent plus 24 cents and plus 34 cents per barrel, respectively. The December differential for Bonny Light was plus 33 cents and for Qua Iboe plus 40 cents per barrel. …
Nigeria cuts January OSPs for Bonny, Qua Iboe crude Read More »
WASHINGTON (Reuters) – The International Monetary Fund said its executive board on Thursday approved a $212.3 million disbursement to the Democratic Republic of Congo after completing the first review of the central African country’s $1.5 billion loan program. The IMF said it also revised its economic growth forecasts upward for Congo to 5.4% for 2021 …
IMF approves $212 million disbursement to Congo after loan review Read More »
