JOHANNESBURG (Reuters) -Aspen Pharmacare has wrapped up pacts to secure funding of $30 million from the Gates Foundation and the Coalition for Epidemic Preparedness Innovations to help make affordable vaccines for Africa, the company said on Monday. In August, Aspen announced a deal with the Serum Institute of India to make and sell four Aspen-branded …
South Africa’s Aspen gets $30 million grant to make vaccines Read More »
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) – Holders of Ghana’s international bonds will announce next week the formation of a steering committee as the West African nation heads toward a foreign debt restructuring, two sources with knowledge of the matter told Reuters on Friday. Ghana’s marketable dollar-denominated debt totals some $13.7 …
Ghana foreign creditors to announce steering committee next week – sources Read More »
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) – The International Monetary Fund (IMF) and Ghana are expected to reach a staff-level agreement on a loan deal by Tuesday at the latest, said three sources with knowledge of the ongoing talks. The IMF did not respond to a request for comment. A spokesperson for Ghana’s …
Exclusive-IMF and Ghana expected to reach staff-level agreement by Tuesday – sources Read More »
(Headline unchanged, corrects new rate in first para to 2.75% (not 2.5%) DAKAR (Reuters) – West Africa’s Central Bank, BCEAO, will raise its main lending rate by 25 basis points to 2.75% as of Dec. 16 partly in response to higher energy and food costs, it said in a statement on Friday. (Reporting by Diadie …
West Africa Central Bank raises main lending rate to 2.75% Read More »
JOHANNESBURG (Reuters) – South Africa’s SPAR Group is seeking legal opinion on media allegations it took part in “fictitious” and “fraudulent” loans, the grocery retailer and wholesaler said on Friday, while also announcing its chairman would step aside. Local online newspapers Business Day, News24 and news magazine Financial Mail have been reporting various allegations of …
South Africa’s SPAR seeking legal opinion on loan allegations Read More »
JOHANNESBURG (Reuters) -The South African rand fell on Friday as power utility Eskom extended scheduled electricity cuts into the weekend and U.S. producer inflation data supported the dollar. At 1510 GMT, the rand traded at 17.3500 against the dollar, about 1% weaker than its Thursday close. Eskom said in a statement that power cuts would …
South African rand falls; power cuts extended into weekend Read More »
By Nelson Banya (Reuters) -Anglo American Platinum has lost 105,000 ounces in platinum group metals (PGM) production this year, or nearly 3% of its total refined output, due to power cuts in South Africa, chief executive Natascha Viljoen said on Friday. South African power utility Eskom on Wednesday ratcheted up scheduled power cuts to “Stage …
Amplats says power cuts cost it 3% of PGM output this year Read More »
By Elias Biryabarema KAMPALA (Reuters) – Uganda said on Friday it would not renew South Africa power firm Eskom’s licences to run two hydropower stations when they expire in March next year, as part of plans to bring the electricity sector under government control to reduce costs to consumers. The government will create the Uganda …
Uganda says will not renew Eskom’s hydropower licences next year Read More »
ABIDJAN (Reuters) – Ivory Coast seeks to raise 3.1 trillion CFA francs ($5 billion) in bonds on regional and international markets in 2023, finance minister Adama Coulibaly told Reuters on Friday. ($1 = 616.0000 CFA francs) (Reporting by Loucoumane Coulibaly; Writing by Nellie Peyton; Editing by James Macharia Chege)
By Cooper Inveen ACCRA (Reuters) -Ghana’s central bank has laid out relief measures for banks that participate in the government’s domestic debt exchange in a bid to allay their worries over its potential impact, it said in a letter seen by Reuters on Friday. The West African country, which is going through its worst economic …
Ghana sets relief measures for banks participating in local debt exchange Read More »
