Reuters Africa Business Archives - Page 671 of 672

S.Africa’s Aspen signs deal paving way for J&J COVID vaccine licence

30 Nov 2021 30 Nov 2021

(Refiles to remove extraneous word in paragraph 2) By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa’s Aspen Pharmacare took a step towards a licensing deal to package and sell Johnson & Johnson’s COVID-19 vaccine in Africa, announcing on Tuesday it had signed non-binding terms with subsidiaries of the U.S. drugmaker. While Aspen did not give a …

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South Africa’s rand finds support in weaker dollar, stocks firm

30 Nov 2021 30 Nov 2021

JOHANNESBURG (Reuters) -The South African rand strengthened on Tuesday, benefiting from a weaker dollar after Moderna’s chief executive said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types. Risk appetite took a beating across world markets but a weaker dollar saw the rand trading at …

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Exclusive-Shell eyes return to Libya with oil, gas, solar investments

30 Nov 2021 30 Nov 2021

By Ron Bousso LONDON (Reuters) – Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest. The plan, details of which were seen by …

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South Africa’s trade surplus narrows to $1.23 billion in October

30 Nov 2021 30 Nov 2021

JOHANNESBURG (Reuters) – South Africa’s trade surplus narrowed to 19.78 billion rand ($1.23 billion) in October from a revised surplus of 22.15 billion rand in September, data from the revenue service showed on Tuesday. Exports fell 5.7% on a month-on-month basis to 147.92 billion rand, while imports were down 4.9% to 128.14 billion rand, the …

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Kenya’s economy to grow at faster pace this year and next – central bank

30 Nov 2021 30 Nov 2021

By George Obulutsa NAIROBI (Reuters) -Kenya’s economy is expected to rebound more strongly this year and next than initially thought, the head of the central bank said on Tuesday, buoyed by faster growth in sectors like transport and manufacturing. The economy, which is East Africa’s biggest, is expected to grow by 6.4% in 2021 and …

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South Africa’s unemployment rate hits new record high in Q3

30 Nov 2021 30 Nov 2021

PRETORIA (Reuters) – South Africa’s unemployment rate hit a new record high of 34.9% in the third quarter of 2021 from 34.4% in the second quarter, the statistics agency said on Tuesday. Statistics South Africa said the number of unemployed totalled 7.643 million people in the three months to the end of September, compared with …

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South Africa’s private credit up 1.29% y/y in October

30 Nov 2021 30 Nov 2021

JOHANNESBURG (Reuters) – Private sector credit in South Africa rose 1.29% year on year in October, after rising by 1.6% in September, central bank data showed on Tuesday. The broadly defined M3 measure of money supply increased by 3.19% in October, after expanding by 4.01% in the previous month. (Reporting by Olivia Kumwenda-Mtambo; Editing by …

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Kenya’s Centum Investment half-year pretax loss narrows to $6.19 million

30 Nov 2021 30 Nov 2021

NAIROBI (Reuters) – Kenya’s Centum Investment Co PLC said on Tuesday it booked a pretax loss of 696.6 million shillings ($6.19 million) for its first half through September, compared with a 2.05 billion shilling loss in the same period a year earlier. Centum, which invests in listed firms and private companies, said its investment income …

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S.Africa’s FirstRand sees at least 30% rise in half-year profits

30 Nov 2021 30 Nov 2021

JOHANNESBURG (Reuters) – South African lender FirstRand said on Tuesday its profits for the six months to Dec. 31 were likely to rise by more than 30%, citing higher retail loan growth and falling credit impairments. The bank said headline earnings per share, the main profit measure in South Africa, would be at least 258.6 …

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South Africa’s Aspen in advanced talks over COVID-19 vaccine deal

29 Nov 2021 30 Nov 2021

JOHANNESBURG (Reuters) -Aspen Pharmacare is in advanced discussions over a potential licensing agreement to package the COVID-19 vaccine in South Africa, it said on Monday. The South African company did not mention the name of the company with which it was in talks, but in early September it said it was in talks with U.S. …

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