JOHANNESBURG (Reuters) -South Africa’s rand was flat on Tuesday, as investors awaited minutes from the last U.S. Federal Reserve policy meeting in December for clues on its interest rate path for 2023. At 1538 GMT, the rand traded at 16.9850 against the dollar, little changed from its previous close of 16.9775. The minutes of the …
South African rand flat as investors await Fed minutes Read More »
TUNIS (Reuters) – The Tunisian government offered projects to produce 1,700 megawatts of renewable energies during 2023-2025, with investments worth 5 billion dinars( $1.60 billion), the energy minister Naila Nouira said on Tuesday. Tunisia also plans to raise phosphate production from 3.7 million tonnes in 2022 to 12 million tonnes in 2025, she added. (Reporting …
Tunisia offers projects to produce 1,700 megawattes of renewable energies Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria will pay 1.8 trillion naira ($4 billion) extra interest in 2023 if parliament rejects a loan-to-bond swap request on the central bank’s overdrafts to the government, President Muhammadu Buhari said on Tuesday after signing the 2023 budget into law. The Senate last week delayed a decision on the president’s …
Nigeria to pay $4 billion extra in 2023 if lawmakers reject loan-bond swap – president Read More »
JOHANNESBURG (Reuters) – Offshore investors sold a net 1.70 billion rand ($100.10 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Tuesday. Settlement data on bonds showed net sales of 2.23 billion rand, while trading data showed net purchases of 0.18 billion rand. ($1 = 16.9832 rand) (Reporting by …
Offshore investors net sellers of South African stocks Read More »
By Francesca Landini MILAN (Reuters) -Italian energy group Eni said on Monday it had set up a new company dedicated to sustainable transport, which would develop bio-refining, biomethane and offer mobility products and services in Italy and abroad. The move is part of Eni’s broader strategy to extract value from its diverse range of businesses …
Italy’s Eni sets up sustainable transport services company Read More »
By Tarek Amara TUNIS (Reuters) -Tunisia’s central bank on Friday raised its key interest rate by 75 basis points to 8% from 7.25% to combat high inflation, the bank said, marking the third hike this year. Tunisia’s inflation rate jumped to a record 9.8% in November from 9.2% in October. “Through this action, the Central …
Tunisia central bank raises key rate by 75 bps to curb inflation Read More »
JOHANNESBURG (Reuters) -South Africa’s rand currency and stocks weakened on Friday, as investors opted for caution in the final trading session of the year. At 1606 GMT, the rand traded at 17.0075 against the dollar, 0.34% weaker than its previous close. Local data on Friday showed that the country’s trade balance returned to a surplus …
South African rand weakens against dollar; stocks slide Read More »
RABAT (Reuters) – Morocco’s trade deficit widened 56.9% to 287 billion dirhams ($27.5 billion) in the first 11 months of this year, mainly as a result of higher energy costs, data from the foreign exchange regulator showed on Friday. Imports rose 42.3% from a year earlier to 676 billion dirhams, while exports increased 33% to …
Morocco’s trade deficit widens 57% y/y in January-November Read More »
RABAT (Reuters) – Madagascar is seeking an investment from Morocco in the fertiliser sector as part of its efforts to achieve farming self-sufficiency, President Andry Rajoelina said. “We are seeking Moroccan fertilisers as well as investments in the fertilisers’ sector,” Rajoelina, who visited Morocco in October, told Reuters in an email. Morocco’s state-owned phosphate and …
Madagascar seeks Moroccan fertiliser investment -President Read More »
NAIROBI (Reuters) -Kenya’s economic growth slowed to 4.7% year-on-year in the third quarter of 2022, down from 9.3% in the same period a year earlier, the statistics office said on Friday. The third quarter’s growth almost halved in comparison with the same period last year when Kenya’s economy rebounded from COVID-19 restrictions in East Africa’s …
Kenya’s economic growth slows to 4.7% year-on-year in Q3 2022 Read More »
