TUNIS (Reuters) – Tunisia’s economy grew by 2.9% in the third quarter of this year, driven by growth in the services sector, the state statistics institute said on Tuesday. In the same period last year, growth was 1.7%. (Reporting by Tarek Amara; Editing by Alison Williams)
NAIROBI (Reuters) – Ethiopia’s economy is expected to grow by at least 7.5% in the year to July 2023, up from 6.4% last year, Prime Minister Abiy Ahmed told the country’s parliament on Tuesday. The nation of 115 million has been one of the world’s fastest-growing economies in the past 15 years, boosted by heavy …
Ethiopian economy to expand at least 7.5% in 2022/23 – PM Abiy Read More »
ROME (Reuters) – Italian energy contractor Saipem has won five offshore drilling contracts in the Middle East and Western Africa worth about $800 million, it said on Tuesday. In the Middle East, two contracts concern drilling units to be chartered by third parties, with a third relating to the extension of an existing contract. In …
Saipem wins $800 million offshore deals in Middle East and West Africa Read More »
JOHANNESBURG (Reuters) -The South African rand was flat on Monday, with analysts saying credit rating reviews and retail sales data would be among the main domestic drivers this week. At 1550 GMT, the rand traded at 17.2625 against the dollar, 0.07% weaker than its closing level on Friday. The rand rallied last week, gaining more …
South African rand flat; focus on ratings and retail sales this week Read More »
DAKAR (Reuters) – NEoT Offgrid Africa, an energy investment platform, founded by France’s EDF and Paris-based asset manager Meridiam, on Monday said they were working with two other companies to develop a 1.7 megawatt (MW) solar power project in Benin. The two are GDS International, a subsidiary of French energy group Générale du Solaire, and …
Benin tests power of a rural mini-grid with 1.7 MW solar project Read More »
JOHANNESBURG (Reuters) -South African food producer Premier Group intends to make its stock market debut on the local exchange at a proposed price range of 53.82-67.04 rand per share, valuing the company at up to 8.6 billion rand ($497 million), parent firm Brait Plc said on Monday. By 0900 GMT, shares in Brait were up …
South Africa’s Premier Group intends to list on Johannesburg exchange Read More »
JOHANNESBURG (Reuters) – South Africa’s biggest grocery retailer Shoprite Holdings reported on Monday first-quarter sales growth of 18.6% as financially constrained consumers flocked to its budget chains for discounts. South Africans have been hit this year by rising mortgages and rents, higher fuel prices and soaring food inflation, leaving many with little to no cash …
South Africa’s Shoprite Q1 sales jump as shoppers look for discounts Read More »
By Andrea Shalal WASHINGTON (Reuters) – The head of the International Monetary Fund on Sunday welcomed a long-awaited debt deal by Chad’s creditors and said it would reduce the African country’s risk of debt distress while guarding it against downside risks, including lower oil prices. “We have been waiting for this day,” IMF Managing Director …
IMF says Chad debt deal cuts risks, protects against oil price fall Read More »
CAIRO (Reuters) – Egypt aims to import one million tonnes of wheat until the local harvest season starts next year, a senior official in the internal trade authority said on Tuesday. (Reporting by Momen Saeed Atallah; writing by Yasmin Hussein; Editing by Louise Heavens)
By Andrea Shalal WASHINGTON (Reuters) – Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries. The World Bank’s annual report on global debt statistics, due out …
Global debt levels rose ‘substantially’ in 2021 – World Bank’s Malpass Read More »
