JOHANNESBURG (Reuters) – South Africa’s dollar-denominated sovereign bonds rose up to 2 cents in the dollar on Monday morning, before a meeting of the executive committee of the country’s ruling party to decide the fate of President Cyril Ramaphosa. Longer-dated bonds rose the most, with the 2052 maturity up 1.737 cents to 88.281 cents in …
NAIROBI (Reuters) – Kenya’s private sector activity rose in November after falling a month earlier, helped by improved output in the agriculture and construction sectors, a survey showed on Monday The S&P Global Kenya Purchasing Managers’ Index (PMI) rose to 50.9 in November from 50.2 a month earlier. It stood at 51.7 in September. Readings …
Kenya private sector activity rises in November – PMI Read More »
JOHANNESBURG (Reuters) – South African private sector activity recovered slightly in November, but output fell for the third straight month, weighed down by rotational power cuts and port strikes, a survey showed on Monday. S&P Global’s South Africa purchasing managers’ index (PMI) rose to 50.6 in November from 49.5 in October, above the 50.0 line …
South African business activity recovers in November, but power cuts weigh – PMI Read More »
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Ghana will launch a domestic debt exchange on Monday, its Finance Minister Ken Ofori-Atta said, expressing confidence that the move would help restore macroeconomic stability and end the West African country’s worst economic crisis in a generation. Ofori-Atta said in a video address on Sunday that …
Ghana to swap domestic debt in fight to regain economic stability Read More »
ACCRA (Reuters) – Ghanaian Finance Minister Ken Ofori-Atta will give an update on Ghana’s economic and debt sustainability plans in a televised address at 2000 GMT on Sunday, the finance ministry said. (Reporting by Cooper Inveen; Writing by Alessandra Prentice; Editing by Alexander Smith)
By MacDonald Dzirutwe LAGOS (Reuters) – The anti-establishment candidate for Nigeria’s presidency will reform its system of costly subsidies and unify the local naira currency’s multiple exchange rates if elected in February, his manifesto released on Sunday showed. Nigeria operates multiple exchange rates that allow some companies to get dollars cheaply while the majority of …
Nigerian presidential hopeful Obi pledges to reform currency market, subsidies Read More »
CAIRO (Reuters) – Egypt aims to issue its first panda bonds by the end of this fiscal year, Deputy Finance Minister Ahmed Kouchock said on Sunday. “We are just waiting for the right moment,” Kouchouk told an event at the American University in Cairo. Panda bonds are bonds denominated in Chinese yuan but issued by …
Egypt aims to issue first panda bonds by end of current fiscal year – official Read More »
By Rachel Savage and Alexander Winning JOHANNESBURG (Reuters) -The rand and South African sovereign bond prices ticked higher on Friday, while stocks fell, after ruling party officials failed to reach a conclusion over whether President Cyril Ramaphosa should stay in power after an inquiry found evidence of misconduct.Ramaphosa’s political future still hangs in the balance, …
South African markets jittery as ruling party debates president’s future Read More »
By Sonia Rolley (Reuters) -Democratic Republic of Congo agreed to lobby to get U.S. sanctions on Israeli businessman Dan Gertler lifted and pay his company $250 million in a February deal with Gertler’s company that the country published on Thursday. Congo’s presidency in February announced an out-of-court agreement with Gertler’s Ventora Development to end a …
Congo agreed to lobby for U.S. sanctions on Gertler to be lifted, deal shows Read More »
By Kopano Gumbi and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) -Leaders of South Africa’s governing African National Congress (ANC) met on Friday after an inquiry found evidence President Cyril Ramaphosa may have committed misconduct, but they delayed a decision over whether he should stay in his post. Ramphosa’s future has been in doubt since publication on Wednesday …
South Africa’s ANC delays decision on ‘Farmgate’ as Ramaphosa allies rally Read More »
