NAIROBI (Reuters) – Ethiopia has raised the size of its planned Ethio Telecom stake sale to up to 45% of the state-owned company from 40% previously, the finance ministry said. The government last November revived the previously postponed privatisation process, saying it would sell a 40% stake. It also resumed a separate plan to issue …
Ethiopia raises size of planned Ethio Telecom stake sale Read More »
By Ayenat Mersie NAIROBI (Reuters) -Eritrean President Isaias Afwerki on Thursday sidestepped questions about whether his country’s troops remain in neighbouring Ethiopia’s Tigray region three months after the signing of a peace agreement that called for their withdrawal. Eritrean troops fought alongside the Ethiopian military and allied militias during a two-year conflict against rebellious Tigray …
Eritrean president sidesteps questions about troops in Ethiopia Read More »
(Reuters) – Malaysian state energy company Petronas is selling its 74% stake in South Africa’s largest gas station chain Engen to Vivo Energy, the firms said on Thursday, a deal that will create one of Africa’s largest energy distribution companies. Without naming the price of the deal, Engen and Vivo, which is owned by global …
Malaysia’s Petronas to sell South Africa’s Engen to Vivo Energy Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Thursday as investors awaited President Cyril Ramaphosa’s State of the Nation address, which could offer some solution to ease a worsening power crisis. At 1510 GMT, the rand traded at 17.6425 against the dollar, 0.7% stronger than its previous close. Investors are looking for leadership, guidance and clarity …
South African rand firms as markets eye President Ramaphosa’s speech Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Morocco has barred fruit and vegetable traders from exporting tomatoes, onions and potatoes to West African countries, its fresh produce association and a government official said on Thursday. The decision by the agricultural food export authority, Morocco Fodex, was informed to trader by phone and it cited a need …
Morocco bans some vegetable exports to West Africa amid rising prices Read More »
CAPE TOWN (Reuters) – African governments must be wary of the risks created by rising global competition for the continent’s minerals, Botswana’s mines minister said, as world powers seek new sources of metals needed for the transition to a lower carbon economy. “When there is a rush, people come in, take whatever they want to …
Botswana warns of dangers in dash for African minerals Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer price inflation jumped to a higher-than-expected 25.8% in January, its fastest in more than five years, data from statistics agency CAPMAS showed on Thursday. The rise from 21.3% in December followed a series of currency devaluations starting in March 2022, a prolonged shortage of foreign currency, and continuing delays …
Egypt’s headline inflation surges to 25.8% in January Read More »
JOHANNESBURG (Reuters) – The death toll from a cholera outbreak in Malawi has crossed 1,300, a senior Malawian health official said on Thursday, as the southern African country battles its deadliest outbreak yet. As of Wednesday, Malawi had recorded 40,284 cholera cases and 1,316 deaths in an outbreak that started in March 2022, with the …
Malawi cholera death toll crosses 1,300: health official Read More »
KINSHASA (Reuters) – Eight people were killed and 28 wounded when protesters in east Congo’s North-Kivu province blocked and then set upon a convoy of United Nations peacekeepers on Tuesday, resulting in clashes, the provincial government said on Wednesday. Anti-U.N. sentiment has risen since a rebel group known as the M23 staged a violent offensive …
Eight civilians dead in clash with U.N. peacekeepers in east Congo -local govt Read More »
JOHANNESBURG (Reuters) – South Africa’s manufacturing output fell 4.7% year on year in December after falling by a revised 1.8% in November, statistics agency data showed on Thursday. Factory production rose 0.1% month on month in December. Analysts had predicted a 2.5% drop in annual terms and a 0.5% month-on-month decline. (Reporting by Anait Miridzhanian; …
South African manufacturing output down 4.7% y/y in December Read More »
