JOHANNESBURG (Reuters) – South Africa’s manufacturing output fell 1.1% year on year in November after rising by 1.0% in October, statistics agency data showed on Tuesday. Factory production rose 2.0% month on month in November. Analysts had predicted a 2.3% drop in annual terms and a 1.1% month-on-month drop. (Reporting by Anait Miridzhanian; Editing by …
South African manufacturing output down 1.1% y/y in November Read More »
ABUJA (Reuters) – Nigeria’s petroleum regulator has shortlisted 139 companies for the next stage of the country’s gas flaring commercialisation programme, its chief executive said in a statement, part of plans to reduce carbon emissions. In September, Nigeria’s minister of state for petroleum resources said plans were at an advanced stage to commercialise gas burned …
Nigeria shortlists 139 firms to commercialise gas flaring Read More »
NAIROBI (Reuters) – Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The airline, which is one of Africa’s biggest, may be forced to cut some flights if the challenges of getting the parts persist, Chief Executive Officer Allan Kilavuka said in …
Parts shortages impact Kenya Airways, cause flight disruptions Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened in early trade on Tuesday, as investors looked for more clarity on the outlook of the Fed’s rate-hike path. At 0637 GMT, the rand traded at 16.9650 against the dollar, 0.13% weaker than its previous close. Markets were awaiting a speech by Fed Chair Jerome Powell later on …
S.African rand slides as investors await cues in Fed chief’s speech Read More »
(Corrects final paragraph to read December, not November) CAIRO (Reuters) -Egypt’s headline inflation is expected to accelerate further after reaching a five-year high in November, a Reuters poll showed on Monday, as an October currency devaluation continues to reverberate through the economy. The median forecast of 15 analysts showed annual inflation at 20.50% in December, …
Egypt inflation, at five-year high, seen quickening in December Read More »
By Anait Miridzhanian and Rachel Savage JOHANNESBURG (Reuters) -The Johannesburg Stock Exchange hit an all-time high on Monday as South African technology and mining stocks gained on enthusiasm about China reopening its borders and hopes the U.S. Federal Reserve may slow the pace of interest rate hikes. The all-share index rose to as high as …
Johannesburg Stock Exchange hits all-time high, rand firms Read More »
ABIDJAN (Reuters) – No rain fell last week in most of Ivory Coast’s cocoa regions for the second consecutive week, raising fears of a prolonged dry spell which could weigh on the outlook of the April-to-September mid-crop, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its dry season which runs …
No rains in Ivory Coast cocoa regions, tight supply fears -farmers Read More »
ABIDJAN (Reuters) – Ghana’s graded and sealed (G&S) cocoa arrivals stood at 350,000 tonnes by Dec. 15 since the start of this year’s harvest on Oct. 1, up 76% from 199,000 tonnes in the same period the previous season, figures from regulator COCOBOD showed on Monday. G&S is cocoa that has been quality checked and …
Ghana 2022/23 cocoa arrivals up 76% by Dec. 15- COCOBOD regulator Read More »
ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast had reached 1.346 million tonnes by Jan. 8 since the start of the season on Oct. 1, up 11.6% from the same period last season, exporters estimated on Tuesday. Around 44,000 tonnes of beans were delivered to Abidjan port and 43,000 tonnes to San …
Ivory Coast 2022/23 cocoa arrivals seen at 1.346 million tonnes by Jan. 8 Read More »
JOHANNESBURG (Reuters) – The Johannesburg Stock Exchange Top 40 companies index hit an historic high of 72,161 points in early trading on Monday, up around 2%. The all-share index touched a 10-month high of 78,238 points, a rise of about 1.8%. (Reporting by Rachel Savage, editing by Karin Strohecker)
