By Nqobile Dludla JOHANNESBURG (Reuters) -Woolworths is selling its Australian David Jones unit to private equity fund, Anchorage Capital Partners, finally walking away from the upmarket department chain after years of underperformance. The South African food and fashion retailer paid a big premium to bulk up in Australia via David Jones as part of former …
South Africa’s Woolworths to sell Australia’s David Jones Read More »
CAIRO (Reuters) – Egypt’s President Abdel Fattah al-Sisi called for the setting of a procurement price for the 2022/23 local wheat harvest that is lucrative for farmers and promotes increased supply, the country’s supply ministry said. The statement also said that strategic reserves for whet, surgar, corn, oil, and rice stand between four and six …
Egypt’s president calls for lucrative local wheat procurement price Read More »
TUNIS (Reuters) – The European Investment Bank, the lending arm of the European Union, has approved a 220 million euro loan ($233 mln) for Tunisia, including 150 million euros in emergency support for food security, the Tunisian Ministry of Economy said on Sunday. Tunisia is in a deep financial crisis which has resulted in a …
EIB bank lends Tunisia 150 million euros in emergency support for food security Read More »
CAIRO (Reuters) – Egypt’s supply ministry said on Sunday it had formed a committee to set “fair prices” for 10-15 strategic and basic commodities after annual inflation reached five-year highs. While the statement said prices were not compulsory except for rice, it said there would be inspections of stores across the country and possible legal …
Egypt announces committee to set ‘fair price’ for basic goods Read More »
CAIRO (Reuters) -Egypt’s supply ministry said on Sunday it had formed a committee to set “fair prices” for 10-15 strategic and basic commodities after annual inflation reached five-year highs. While the statement said prices were not compulsory except for rice, it said there would be inspections of stores across the country and possible legal action …
Egypt announces committee to set ‘fair price’ for basic goods Read More »
(Corrects Dec. 15 story to remove reference to GMO crops being seedless in paragraph 5, fixes timing of the lifting of the ban in paragraph 2) By Duncan Miriri MWEA, Kenya (Reuters) – Dick Olela has been growing maize on his four-acre piece of land in the Migori county in western Kenya for the last …
Kenya’s GMO maize push sowing trouble for food sector, farmers warn Read More »
By Andrea Shalal WASHINGTON (Reuters) – The World Bank’s private investment arm sees huge potential to boost investment in Africa and help support entrepreneurship and digital transformation on the continent, top officials with the International Finance Corp (IFC) said. U.S. President Joe Biden this week hosted a three-day summit attended by 45 African national leaders …
World Bank’s IFC sees ‘huge’ potential to boost investment in Africa Read More »
By Cooper Inveen ACCRA (Reuters) – Ghana has extended the registration deadline for a domestic debt exchange programme to Dec. 30, as it considers making some adjustments while it seeks approval for an IMF debt relief programme, the finance ministry said in a statement overnight on Friday. “The extension… affords Government of Ghana the opportunity …
Ghana extends domestic debt exchange registration deadline Read More »
By Cooper Inveen ACCRA (Reuters) -Cross-border payments company Wise has suspended transfers in Ghana’s cedi currency after a rapid appreciation against the dollar this week made it costlier to move money to the West African country, a Wise spokesperson told Reuters on Friday. The cedi is up 47% this week against the dollar, Refinitiv Eikon …
Payments company Wise suspends Ghana cedi transfers amid volatility Read More »
KINSHASA (Reuters) – Democratic Republic of Congo has increased its budget by 46% to $16 billion for 2023, boosted by an expected rise in tax and mining revenues, the president of the senate said. In September, the government proposed a budget of $14.6 billion, which was later revised upwards. The final budget was adopted late …
Congo increases budget 46% for 2023, boosted by taxes Read More »
