CAIRO (Reuters) – Egypt’s Mediterranean ports of Alexandria and Dekheila were closed on Wednesday due to poor weather, state news agency MENA reported. The ports are among Egypt’s largest and can each handle a maximum of 1 million 20ft-equivalent units (TEUs). (Reporting by Lilian Wagdy, writing by Nafisa Eltahir; editing by Jason Neely)
JOHANNESBURG (Reuters) – South African manufacturing activity expanded at a faster pace in November as business activity and new sales orders grew, a survey showed on Wednesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.2 points in November from a revised 53.6 points in October, remaining above the 50-point mark that separates expansion …
South Africa factory activity expands at faster pace in November – Absa PMI Read More »
By Alexander Winning JOHANNESBURG (Reuters) – South African state power utility Eskom sees an opportunity to emerge from years of crisis by shifting from coal-fired power generation towards natural gas and renewables, its chief executive told Reuters. Eskom has implemented power cuts for more than a decade in Africa’s most industrialised nation that have held …
South Africa’s Eskom CEO sees end to crisis in shift from coal Read More »
GABORONE (Reuters) – Sales of rough diamonds by Debswana Diamond Company jumped 73% in the first nine months of 2021, statistics released by the Bank of Botswana showed on Tuesday, driven by the reopening of U.S. and China’s consumer markets. Debswana, a joint venture between Anglo American business De Beers and the Botswana government, sells …
Botswana’s Debswana diamond sales jump 73% in first nine months of 2021 Read More »
(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 …
S.Africa’s Aspen signs deal paving way for J&J COVID vaccine licence Read More »
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 …
South Africa’s rand finds support in weaker dollar, stocks firm Read More »
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 …
Exclusive-Shell eyes return to Libya with oil, gas, solar investments Read More »
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 …
South Africa’s trade surplus narrows to $1.23 billion in October Read More »
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 …
Kenya’s economy to grow at faster pace this year and next – central bank Read More »
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 …
South Africa’s unemployment rate hits new record high in Q3 Read More »
