Reuters Africa Business

(Reuters) – South Africa’s consumer confidence improved in the fourth quarter, a survey released on Thursday showed, although consumer sentiment remained “depressed” largely due to soaring inflation and large interest rate hikes. The consumer confidence index (CCI), sponsored by the First National Bank (FNB) and compiled by the Bureau for Economic Research (BER), improved to …

South Africa consumer confidence recovers in fourth quarter Read More »

ABUJA (Reuters) – Airtel Africa emerged as the sole bidder for a 5G high-speed spectrum licence in Nigeria’s second round of licensing after another company failed to pay a deposit to continue with the auction, the regulator said on Wednesday. The Nigerian Communications Commission (NCC) issued the country’s first 5G licences to MTN Nigeria and …

Airtel only bidder in Nigeria’s second 5G licensing round Read More »

NAIROBI (Reuters) – Kenya’s economic growth will slow down to 5% next year from an estimated 5.5% this year, the World Bank said on Thursday, as the rebound from the impact of the coronavirus pandemic loses momentum. East Africa’s biggest economy could also see a drop in demand for its horticulture exports and visits by …

Kenya’s economic growth to slow to 5% next year, World Bank says Read More »

JOHANNESBURG (Reuters) -South African state power utility Eskom on Wednesday ramped up scheduled power cuts to “Stage 6”, repeating the worst outage level on record and putting further strain on households and businesses. The utility, whose ageing fleet of coal-fired power stations is prone to faults, said a flurry of breakdowns and delays returning other …

South Africa’s Eskom repeats worst power cut level on record Read More »

By Cooper Inveen and Christian Akorlie ACCRA (Reuters) -Ghana’s economic recovery efforts could be delayed and complicated if a visiting team from the International Monetary Fund (IMF) leaves without a staff-level agreement next week, a finance ministry official said on Wednesday. An IMF team is visiting Ghana until Tuesday as the country aims to negotiate …

Ghana hoping for IMF agreement by next week: finance ministry official Read More »