NAIROBI (Reuters) – Kenya has asked the World Bank for a $750 million budget support loan, the finance minister said on Tuesday, to help cover its funding needs for the financial year to the end of next June. The minister, Njuguna Ndung’u, had said last month Kenya was in talks with the World Bank for …
Kenya seeks $750 million loan from the World Bank, finance minister says Read More »
(Corrects last year to last month) KHARTOUM (Reuters) – Sudan lowered the local price for diesel to 660 Sudanese pounds per litre ($1.14) from 720 Sudanese pounds last month, and kept gasoline prices stable at 620 pounds, the energy ministry said in a statement. ($1 = 580 Sudanese pounds) (Reporting by Khalid Abdelaziz, writing by …
Sudan lowers diesel prices for December, keeps gasoline steady Read More »
ABUJA (Reuters) – Nigeria is working to meet its OPEC oil production quota of 1.8 million barrels per day by the end of May next year, the minister for petroleum resources Timipre Sylva said on Monday. Sylva said Nigeria had enough production capacity, but crude theft and vandalism of pipelines meant that “a lot of …
Nigeria working to meet OPEC quota by next May – petroleum minister Read More »
ACCRA (Reuters) – Ghana’s finance ministry said on Monday that the deadline for domestic bondholders to apply for a debt exchange is Dec. 19 at 1600 GMT, and that new domestic bonds will be issued on Dec. 23. (Reporting by Cooper Inveen and Rachel Savage; Writing by Nellie Peyton)
TUNIS (Reuters) – Tunisia’s annual inflation rate jumped to 9.8% in November from 9.2% in October, the state statistics institute said on Monday. The central bank in October raised its key interest rate by 25 basis points to 7.25% to combat inflation, its second hike in five months. (Reporting by Tarek Amara; Editing by Gareth …
Tunisia’s annual inflation rate jumps to 9.8% in november from 9.2% in October Read More »
JOHANNESBURG (Reuters) -South Africa’s rand and government bonds strengthened on Monday, as a meeting of the executive committee of the country’s governing party took place to decide the fate of President Cyril Ramaphosa. South Africa’s governing African National Congress (ANC) party convened its National Executive Committee to discuss a panel report that found evidence Ramaphosa …
South African rand, bonds gain as President Ramaphosa’s future is discussed Read More »
(Corrects number of deliveries from 5,000 per week to 5,000 per month in paragraph 3) By Cooper Inveen and Francis Kokoroko ACCRA (Reuters) -As a pair of motor-cyclists from Ghanaian startup Swoove zipped along Accra’s back streets with deliveries last week, a team of software engineers tracked their progress on screens. Swoove’s founders say because …
Ghana’s Swoove says set to deliver growth after startup contest Read More »
ACCRA (Reuters) – Ghana’s interest payments currently cost between 70% and 100% of government revenues, Finance Minister Ken Ofori-Atta said on Monday. (Reporting by Cooper Inveen; Writing by Sofia Christensen; Editing by Bate Felix)
ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast since the start of the season on Oct. 1 had reached 838,000 tonnes by Dec. 4, up 6.1% from the same period last season, exporters estimated on Monday. About 59,000 tonnes of beans were delivered to Abidjan port and 64,000 tonnes to San …
Ivory Coast 2022/23 cocoa arrivals seen at 838,000 T by Dec. 4 -exporters Read More »
By Sonia Rolley and Helen Reid JOHANNESBURG(Reuters) – China’s CMOC Group could take legal action against Congo’s state mining company Gecamines, a spokesman for the Chinese mining firm said, after having exports blocked from Tenke Fungurume, the world’s second-biggest cobalt mine, for a fifth month. Tenke Fungurume Mining (TFM) suspended copper and cobalt exports in …
China’s CMOC threatens legal action over Congo cobalt mine export block Read More »
