JOHANNESBURG (Reuters) -The South African rand fell on Tuesday, weighed down by worries over the efficacy of COVID-19 vaccines against the Omicron variant, ahead of a data-heavy Wednesday. At 1543 GMT, the rand traded at 16.1100 against the dollar, 0.6% weaker than its previous close. A real-world study published by South African insurer Discovery showed …
South African rand falls on Omicron worries; stocks mixed Read More »
JOHANNESBURG (Reuters) – South Africa has rejected state power provider Eskom’s request to remain exempt from pollution standards on some coal-fired power stations, which the utility said on Tuesday would force it to immediately shut down 16,000 MW of capacity. That equals about a third of the generating capacity of Africa’s most industrialised country. South …
S.Africa rejects Eskom pollution exemptions, utility says 16,000 MW at risk Read More »
NAIROBI (Reuters) – Kenya’s economy is expected to expand 5% this year, a faster pace than previously forecast, and to grow around the same rate next year on the back of a rebound in some sectors, the World Bank said in a report on Tuesday. GDP growth in the east African economy typically relies on …
Kenya economy seen expanding 5% this year vs previous 4.5% forecast -World Bank Read More »
JOHANNESBURG (Reuters) – Telkom’s outgoing CEO Sipho Maseko will step down earlier than planned at the end of December after eight years at the helm of South Africa’s third-biggest telecoms provider. Maseko was due to step down at the end of June next year, with group CEO designate Serame Taukobong taking over from July. Maseko …
S.Africa’s Telkom CEO Maseko to step down earlier than planned Read More »
(Corrects to make clear Q2 of the financial year) CAIRO (Reuters) – Egypt expects that economic growth will be in the range of 6% to 7% in the second quarter of the financial year ending June 2022, Sky News Arabia TV cited Planning Minister Hala al-Saeed as saying on Tuesday. (Reporting by Moataz Abdelrahiem; Editing …
Egypt expects growth of 6%-7% in Q2 FY 2021-2022, planning minister Read More »
(Reuters) – South Africa’s consumer confidence remained relatively flat in the fourth quarter from the third, a survey showed on Tuesday, while warning a fourth wave of COVID-19 infections due to the Omicron variant might dent confidence in the coming months. The consumer confidence index (CCI), sponsored by First National Bank (FNB) and compiled by …
South African consumer confidence flat in Q4, but Omicron worries loom Read More »
By Loucoumane Coulibaly ABIDJAN (Reuters) – Mixed rainfall across Ivory Coast’s cocoa regions last week has left some farmers pinning their harvest hopes on more downpours, while others on Monday remained confident of a good crop. Ivory Coast, the world’s top cocoa producer, is in its dry season which runs from mid-November to March when …
Uneven rainfall in Ivory Coast leaves some cocoa farmers keen for more Read More »
ABUJA (Reuters) – Nigeria is taking diplomatic steps to try to reverse travel bans placed on it by some countries that have added the West African state to their COVID-19 “red lists”, Aviation Minister Hadi Sirika said on Monday. Sirika on Sunday said he had recommended that Argentina, Britain, Canada and Saudi Arabia be placed …
Nigeria eyes diplomacy to resolve Omicron travel restrictions Read More »
By Camillus Eboh ABUJA (Reuters) – MTN Nigeria and Mafab Communications will each pay $273.6 million for Nigeria’s first 5G high-speed spectrum licences that they were awarded following an auction held by country’s telecoms regulator on Monday. The auction, which lasted more than five hours, followed a promise from the Nigerian Communications Commission (NCC) in …
MTN Nigeria, Mafab Communications get Nigeria’s first 5G licences Read More »
JOHANNESBURG (Reuters) – South African petrochemical producer Sasol further revised down annual production forecasts on Tuesday for its Secunda operations (SO) in the northeast, as its coal mining unit failed to deliver the required level of stocks. The company had initially cut production forecasts in October for Secunda, which converts coal for use in the …
Sasol cuts output forecast for Secunda operations amid tight coal supplies Read More »
