KAMPALA (Reuters) – Uganda’s central bank on Wednesday asked investors holding Treasury bonds due to mature in April to apply to convert their holdings into longer-dated tenures to come due between May 2025 and August 2042. The bank did not give reasons for the bond switching in which investors are free to choose whether to …
Uganda’s central bank asks investors to switch bonds due April Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity remained in positive terrain in January, as a decline in employment and new sales orders was offset by growth in business activity and inventories, a survey showed on Wednesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) was at 53.0 points in January, almost unchanged from 53.1 in December …
South African factory activity stable in January – Absa PMI Read More »
(Reuters) – Harmony Gold said on Wednesday improved metal grades at its underground mines during the second quarter helped it meet production targets and offset the impact of ongoing power cuts in South Africa and global supply chain disruptions. The South African miner, which also has operations in Papua New Guinea, expects to report gold …
S.Africa’s Harmony Gold says higher grades boost Q2 production Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed on Tuesday as the country continued to struggle with rolling power outages. At 1632 GMT, the rand traded at 17.4150 against the dollar, versus its previous close of 17.4100. “There is simply not much positive news domestically, which was bound to impact market sentiment at some …
By Camillus Eboh ABUJA (Reuters) -Nigeria’s lower house of parliament has approved President Muhammadu Buhari’s request to borrow an extra $2.2 billion in temporary advances from the country’s central bank to help plug gaps in last year’s budget, lawmakers said on Tuesday. Buhari asked parliament in December for approval to borrow an extra 1 trillion …
Nigeria’s lower house approves extra $2.2 billion central bank loans to government Read More »
NAIROBI (Reuters) – Kenya’s inflation slowed to 9.0% year-on-year in January from 9.1% a month earlier, the statistics office said on Tuesday. It is the third straight month that Kenya’s inflation has fallen. It hit 9.6% in October, its highest level since May 2017. January’s inflation is still above the government’s preferred band of 2.5%-7.5%. …
Kenya’s inflation slows further to 9.0% yr/yr in January Read More »
(Reuters) – South Africa is coming off its safest year on record in mining, with accident-related deaths falling to 49 from 74 the previous year, a government report showed on Tuesday. A total of 1,946 serious injuries were reported in 2022, down from 2,123 a year earlier, the report showed, prompting Mines Minister Gwede Mantashe …
South Africa reports safest year in mining, government urges more Read More »
JOHANNESBURG (Reuters) – South Africa recorded a trade surplus of 5.43 billion rand ($311.39 million) in December, down from a revised surplus of 7.30 billion rand in November, revenue service figures showed on Tuesday. Exports fell 5.1% month on month to 163.27 billion rand in December, while imports were down 4.2% at 157.83 billion rand, …
South Africa posts 5.43 billion rand trade surplus in December Read More »
BAMAKO (Reuters) – Mali has reduced its cotton output forecast for the 2022/23 season by an additional 29% to 526,000 tonnes due to bad weather and pests, the state cotton company CMDT said on Tuesday. The West African country had already reduced its forecast last month to 740,000 tonnes from a previous forecast of 810,000 …
Mali cuts cotton output forecast an additional 29% for 2022/23 Read More »
By Khalid Abdelaziz KHARTOUM (Reuters) – Sudanese political parties are engaged in talks to form a civilian government and start a new transition towards elections, more than a year after a military coup. Protesters criticised an outline agreement struck between the military and civilians groups as unrepresentative, and it left contentious points for further …
Explainer-How regional power play complicates Sudan’s political transition Read More »
