LUANDA (Reuters) – Angola’s central bank has cut its main interest rate to 18.0% from 19.5%, its governor José Massano said on Friday, adding that the country recorded its lowest inflation rate in five years in December. Massano said the National Bank of Angola (BNA) decided to cut the interest rate by 150 basis points …
Angola central bank cuts main interest rate to 18.0% Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Friday as the country’s utility Eskom said it would reduce the length of rolling power cuts over the weekend. At 1529 GMT, the rand traded at 17.1275 against the dollar, 0.72% stronger than its previous close. The past week has seen some of the worst power outages …
South African rand firms as state utility reduces power cuts Read More »
By Muhammed Husain (Reuters) -Banknote printer De La Rue said on Friday it had been made aware of an investigation by Indian authorities into a former Indian finance secretary in which the historical activities of De La Rue in India prior to 2016 have been implicated. De La Rue said in a statement it had …
Banknote printer De La Rue says made aware of India probe Read More »
PARIS (Reuters) – Protesters from ecological movement Extinction Rebellion rallied outside a BNP Paribas building in Paris on Friday to oppose the French bank’s loan to an oil major leading in an East African oil pipeline project. Some 40 participants sprayed the facade of a BNP office in the central Opera quarter with fire extinguishers …
Protesters target BNP in Paris over loan to oil company Read More »
(Refiles to fix typo in the first paragraph) JOHANNESBURG (Reuters) – South African state power company Eskom said on Friday it would reduce rolling power cuts over the weekend, as the utility continues to struggle with breakdowns of generating units. The power outages would be reduced to “Stage 3” on Saturday and to “Stage 2” …
South African utility Eskom to reduce power cuts over the weekend Read More »
KAMPALA (Reuters) – Uganda said on Friday it plans to announce a third oil licensing round in May in an effort to further develop a sector on track to produce its first oil in 2025. Energy Minister Ruth Nankabirwa Ssentamu said in a statement detailing developments in the sector that the next licensing round would …
Uganda to announce oil blocks licensing round in May Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African budget fashion retailer Mr Price on Friday reported a 34% surge in third-quarter sales boosted mostly by a recent acquisition, but investors fretted over its underlying performance as sales growth excluding the deal slowed. Mr Price shares tumbled by 10.08% to 159.55 rand, a 2-1/2 week low, at …
S.Africa’s Mr Price Q3 sales jump on acquisition, shares drop 10% Read More »
By Jorgelina do Rosario and Yoruk Bahceli (Reuters) – Zambia needs “desperate debt relief” and agreements under a Group of 20 restructuring vehicle are proving difficult, the World Bank’s managing director of operations said on Thursday. “In the last two years, we have seen the limitations of the common framework,” Axel van Trotsenburg told a …
ABIDJAN (Reuters) – Five Ivorian cashew processing companies have asked the government for an extension of subsidies granted last year, which they say are needed for them to avoid bankruptcy in 2023. Ivory Coast is the world’s top cashew producer, with an annual production of about 1 million tonnes. Only a small percentage of that …
ADDIS ABABA (Reuters) – Ethiopia’s Prime Minister Abiy Ahmed has appointed Mamo Mihretu as the country’s new central bank governor, Abiy’s office said in a statement posted on Twitter on Friday. The statement did not give any more details. Mamo has worked as chief executive officer of state-run Ethiopia Investment Holdings and a senior policy …
Ethiopia appoints Mamo Mihretu new central bank governor Read More »
