CAIRO (Reuters) -Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT), shipping …
Traffic in Suez Canal normal after ship breakdown dealt with- SCA Read More »
JOHANNESBURG (Reuters) – Offshore investors bought a net 0.37 billion rand ($21.70 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Settlement data on bonds showed net purchases of 2.87 billion rand, while trading data showed net purchases of 2.26 billion rand. ($1 = 17.0501 rand) (Reporting by …
Offshore investors net buyers of South African stocks, bonds Read More »
JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $53.827 billion in December from $53.391 billion in November, the Reserve Bank said on Monday. Gross reserves also increased to $60.570 billion in December from $59.877 billion in November. The forward position, which represents the central bank’s unsettled or swap transactions, fell to $0.554 billion …
South Africa’s net foreign reserves rise to $53.827 billion in December Read More »
DAR ES SALAAM – Tanzanian President Samia Suluhu Hassan on Saturday appointed Emmanuel Tutuba, previously a permanent secretary at the Ministry of Finance and Planning, to the position of central bank governor. Tutuba replaces Florens Luoga, who reached the end of his five-year tenure, and inherits an economy facing inflationary pressure – inflation stood at …
Tanzanian president appoints Emmanuel Tutuba as central bank governor Read More »
ABUJA (Reuters) – Nigerian officials will be barred from withdrawing cash from government accounts from March 1, the head of the Nigerian Financial Intelligence Unit (NFIU) said in a statement. The new rules, which will apply to federal, local and state officials, are aimed at combating money laundering and corruption and are in line with …
Nigeria to bar cash withdrawals from government accounts – statement Read More »
JOHANNESBURG (Reuters) -The rand edged higher on Friday, regaining ground thanks to a U.S. jobs report that sent the dollar tumbling, with South African stocks and bonds also making gains. The South African currency had earlier fallen after Gwede Mantashe, chairman of the governing African National Congress (ANC), told Bloomberg that it wanted to expand …
South African rand regains ground after brief SARB mandate concern Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity expanded in December but business activity deteriorated further in the month due to persistent rotational power cuts, a survey showed on Friday. The seasonally adjusted Absa Purchasing Managers Index (PMI) rose to 53.1 points in December from 52.6 points in November. “While the headline number is positive, the …
South African factory activity expands in December- Absa PMI Read More »
NAIROBI (Reuters) – The chairman of Kenya’s biggest telecoms operator Safaricom, John Ngumi, has resigned as of Dec. 22 to pursue green energy development across Africa, the company said on Thursday. The board will elect a new chairman in the coming weeks, said the company, which is partly owned by South Africa’s Vodacom and Britain’s …
Kenya’s Safaricom says chairman has resigned from the board Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday as the U.S. dollar jumped after the release of strong employment data, which added to expectations the Federal Reserve could keep hiking rates at an aggressive pace. At 1540 GMT, the rand traded at 17.2850 against the dollar, 2.4% weaker than its previous close. The dollar index, …
By Camillus Eboh ABUJA (Reuters) – Nigeria’s total public debt could rise to 77 trillion naira ($172 billion) this year from 44 trillion naira as of last September, after a loan-to-bond swap and new borrowings to fund the 2023 budget, the Debt Management Office chief said. The Senate last week put off a decision on …
Nigeria’s total debt to hit $172 billion after loan-to-bond swap, new borrowings -DMO Read More »
