JOHANNESBURG (Reuters) -The South African rand gained on Tuesday as the dollar faltered in global markets amid hopes of a potential easing of strict COVID restrictions in China after protests in the world’s second-biggest economy. At 1526 GMT, the rand traded at 16.9750 against the dollar, about 1.19% stronger than its closing level on Monday. …
South African rand gains as dollar falters; Q3 jobless rate dips Read More »
(Reuters) – South African farmers are expected to harvest 5.7% less maize in the 2021/2022 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Tuesday. The CEC’s final summer crop forecast estimates the 2022 harvest at 15.387 million tonnes, down from the 16.315 million tonnes harvested last season. The harvest …
South Africa’s 2022 maize harvest forecast 5.7% lower than last year Read More »
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s official unemployment rate fell slightly to 32.9% in the third quarter of 2022 from 33.9% in the second quarter, statistics agency figures showed on Tuesday, but stubbornly high youth unemployment remains a worry. South Africa has some of the highest unemployment metrics in the world, with the government …
South Africa jobless rate dips in Q3, youth unemployment still a worry Read More »
LAGOS (Reuters) – Nigeria’s non oil exports reached $4.99 billion in the first nine months of this year, higher than the $4.19 billion achieved in all of last year, central bank governor Godwin Emefiele said on Tuesday. Oil is Nigeria’s biggest export earner but a decline in production due to crude theft and vandalism of …
Nigeria’s non oil exports at $4.99 billion in first nine months central bank governor Read More »
BAMAKO (Reuters) – Mali has issued a bond of 120 billion CFA francs ($191 million) on the West African regional market to fund infrastructure projects, its finance minister said on Monday. The issue includes a tranche of 70 billion CFA francs with a yield of 6.30% and a 10-year maturity, and a tranche of 50 …
Mali issues $191 million bond on regional market Read More »
BAMAKO (Reuters) – Mali has suspended the issuance of mining permits until further notice as it works to improve the procedure, the government said in a statement late on Monday. “The allocation of mining titles is suspended throughout the territory as of Monday, November 28, 2022. From this date, no application for a mining title …
Mali suspends issuance of mining permits until further notice Read More »
NAIROBI (Reuters) -Kenya’s Centum Investment plans to buy back up to 10% of its issued shares, it said on Tuesday after reporting a wider first-half loss. The group, which invests in listed firms and private companies, said it planned to buy the shares from the market over a period of 18 months at a maximum …
Kenya’s Centum Investment to buy back shares, first half pre-tax loss widens Read More »
BRAZZAVILLE (Reuters) – Congo Republic will return to economic growth in 2022 with full-year GDP forecast to rise by 2.6% after two years of recession, President Denis Sassou Nguesso said on Monday. The Central African oil exporting country’s economy shrank by 1.5% in 2021 and by 6.2% in 2020, he said, attributing the recession to …
Congo Republic forecasts economic growth of 2.6% in 2022 Read More »
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and …
Exclusive-Exxon to exit Equatorial Guinea amid wider Africa crude phaseout Read More »
JOHANNESBURG (Reuters) – South Africa’s private sector credit expanded 9.34% year on year in October after rising by 9.74% in September, central bank data showed on Tuesday. The broadly defined M3 measure of money supply increased by 9.82% in October after growing 8.75% in the previous month. (Reporting by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)
