By Chijioke Ohuocha ABUJA (Reuters) -Annual inflation in Nigeria dipped in December to 21.34% after 10 straight monthly increases, the statistics bureau said on Monday, ahead of a central bank meeting to set interest rates next week. The central bank meets next week Tuesday to decide on rates in Africa’s largest economy. It has previously …
Nigeria’s inflation dips in December after 10 months of increases Read More »
JOHANNESBURG (Reuters) – The South African arm of British American Tobacco (BAT) is looking to restructure the business, a process that may affect about 200 jobs, following a further decline in its cigarette sales in the country, it said on Monday. The Dunhill and Peter Stuyvesant cigarette maker said the drop in cigarette sales in …
British American Tobacco South Africa proposes restructuring, 200 jobs at risk Read More »
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Sunday confirmed that Ghana has sought debt treatment under the Common Framework platform supported by the Group of 20 major economies. Reuters reported that Ghana requested on Tuesday to restructure its bilateral debt under the Common Framework platform supported by the G20, according to …
IMF’s Georgieva confirms Ghana seeking debt treatment under G20 Common Framework Read More »
JOHANNESBURG (Reuters) – The Ghanaian subsidy of South African mobile operator MTN Group has received a bill for back taxes of around $773 million, including penalties and interest charges, the parent company said on Friday. The Ghana Revenue Authority issued MTN Ghana with the bill after auditing it for the years 2014 to 2018 and …
MTN Ghana hit with bill of $773 million for back taxes Read More »
JOHANNESBURG (Reuters) -South Africa’s rand retreated on Friday, losing gains made after U.S. data offered hope inflation was now on a sustained downward trend, potentially allowing the Federal Reserve to slow its policy tightening pace. At 1525 GMT, the rand traded at 16.8300 against the dollar, 0.6% weaker than its previous close. The dollar index, …
South African rand retreats as dollar edges higher Read More »
By Sam Tobin LONDON (Reuters) -The British government’s funding of up to $1.15 billion for a liquefied natural gas (LNG) project in Mozambique is lawful, a London court ruled on Friday, dismissing an appeal by Friends of the Earth. The environmental campaign group had asked London’s Court of Appeal to rule the British government wrongly …
UK’s $1.15 billion funding for Mozambique LNG project is lawful -court Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda has terminated its contract with Chinese firm China Harbour and Engineering Company Ltd (CHEC) to build a railway to the Kenyan border and is now considering a deal with a Turkish company, a senior official told Reuters on Friday. In 2015, the east-African country signed an engineering, procurement and …
Uganda drops Chinese firm from railway deal, eyes Turkish rival Read More »
By Rachel Savage JOHANNESBURG (Reuters) – Chad’s official bilateral creditors will make up any shortfall in commitments from its private lenders to a plan to cut the country’s debt servicing costs if those costs become unmanageable, the International Monetary Fund (IMF) said. The official creditors – China, France, Saudi Arabia and India – are expected …
IMF: Chad’s bilateral creditors to improve debt relief offer if needed Read More »
LUSAKA (Reuters) – Zambia’s Finance Minister Situmbeko Musokotwane said on Friday that the economy grew 3.1% last year but that the country should aim for higher growth. The Southern African country contained annual inflation to single digits at 9.9% in December from 16.4% in December 2021. But reducing inflation to 6%-8% in the medium term …
Zambia economy grew 3.1% in 2022, higher growth needed: finance minister Read More »
RABAT (Reuters) – Morocco’s economic growth is expected to recover to 3.3% in 2023 after 1.3% in 2022, driven by domestic demand, the statistics agency HCP said on Thursday. The forecast assumes an average crop output after the worst drought in decades, a drop in foreign demand for goods and oil prices at $90 per …
Morocco’s economy to grow 3.3% in 2023 – statistics agency Read More »
