Reuters Africa Business

ABIDJAN (Reuters) – The African Development Bank (AfDB) has postponed to an unspecified date its planned Dec. 1-3 investment forum in Abidjan, Ivory Coast, due to health concerns and travel restrictions over the Omicron coronavirus variant, the bank’s president said on Monday. “We were looking forward to attracting more foreign direct investments in Africa, but …

African Development Bank postpones investment forum due to Omicron variant Read More »

(Refiles to update All share and Top-40 index levels) JOHANNESBURG (Reuters) -South Africa’s rand firmed on Monday, recovering from last week’s plunge to its lowest since October 2020 on concerns around the discovery of a COVID-19 variant in the country that has been described as the most concerning. Stock markets also recovered, after hospitality shares …

South Africa’s rand, stocks recover after sinking on Omicron worries Read More »

NAIROBI (Reuters) -Kenya’s central bank held its benchmark lending rate at 7.0% on Monday, its Monetary Policy Committee said, citing “anchored” price increases and early indications of the economy benefiting from an accommodative stance. The decision to hold rates is the 11th in a row. A Reuters poll of analysts and market participants had predicted …

Kenya central bank holds it benchmark lending rate at 7.0% Read More »