CAIRO (Reuters) – Egypt’s state grains buyer said on Saturday it was seeking vegetable oils in an international purchasing tender for arrival Jan. 10-31, 2023. The General Authority for Supply Commodities (GASC) said traders should submit bids for payment via 180-day letters of credit. The deadline for offers is Nov. 22. GASC also set a …
Egypt’s GASC sets vegoils tender for arrival Jan. 10-31 Read More »
Tunis (Reuters) – Tunisia is seeking international partners for investment projects worth 10 billion Tunisian dinars ($3.2 billion), economy minister Samir Saied said on Saturday at a summit of leaders of French-speaking countries it is hosting. Saied also signed a $200 million financing agreement with France that will help support the North African country’s budget, …
Tunisia seeking partners for $3.2 billion of projects -economy minister Read More »
By Anait Miridzhanian ABUJA (Reuters) – The International Monetary Fund has revised Nigeria’s 2022 real GDP growth forecast down to 3% from 3.4% earlier, citing weak oil production and the adverse effects of recent flooding. Nigeria is currently battling to halt crude theft and insecurity in its oil producing regions which has slashed oil output …
(Reuters) – S&P Global Ratings on Friday maintained its positive outlook on South Africa, as the agency expects that a net external creditor position and the implementation of some structural reforms could lead to an easing of economic pressures. S&P in May upgraded its outlook to positive from stable, citing an improved fiscal trajectory. “Higher-than-expected …
(Reuters) – South Africa’s state logistics firm Transnet said on Saturday it has reopened one of the two lines on the North corridor which was closed earlier this month following the derailment of a train carrying export coal. The logistics company said that operations have commenced and Freight Rail teams are working to clear the …
South Africa’s Transnet reopens one line on North Corridor Read More »
(Reuters) -The South African rand strengthened on Friday, as investors awaited scheduled reviews of South Africa’s sovereign credit ratings by S&P Global and Moody’s later in the day. At 1621 GMT, the rand traded at 17.2300 against the dollar, 0.73% stronger than its previous close. ETM Analytics said in a research note that it expected …
South African rand firms ahead of ratings reviews Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -The Africa head of Ford Motor Co said the South African government must deliver policy certainty on electric vehicles (EVs) within six months to save its automotive industry. Three quarters of cars produced by South Africa’s auto industry, which accounts for 5% of gross domestic product and more than 100,000 …
Ford executive says South Africa needs EV policy within six months Read More »
By Cooper Inveen ACCRA (Reuters) -Ghana’s finance minister Ken Ofori-Atta said on Friday he was “truly sorry” for the country’s economic hardship but defended himself against accusations by lawmakers that he is unfit for the job. Ofori-Atta has been criticised for his handling of what has become Ghana’s worst economic crisis in a generation. This …
Ghana finance minister fends off criticism, apologises for economic hardship Read More »
By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s Reserve Bank will hike its repo rate another 75 basis points to 7.00% on Thursday to reinforce its action over sticky and uncomfortably high inflation, a Reuters poll found on Friday. A majority of economists polled in the last week, 12 of 20, predicted another 75 basis …
POLL: S.Africa’s Reserve Bank to hike repo rate 75 bps on Nov. 24 Read More »
DAKAR (Reuters) – The International Monetary Fund’s board has approved Senegal’s request for a credit extension to Jan. 10, 2023, to allow time to complete credit and policy reviews, the Fund said in a statement on Thursday. The request, approved on Nov. 15, concerns an 18-month Stand-By Arrangement and Arrangement Under the Standby Credit Facility …
IMF grants Senegal credit extension until January 2023 for reviews Read More »
