CAIRO (Reuters) – The European Union will grant Tunisia 100 million euros in budget support to alleviate impacts of the pandemic and support economic activity, state news agency TAP reported on Saturday. The agreement will be signed on Nov. 14, TAP added, quoting the ministry of economy. (Reporting by Enas Alashray and Ahmed Tolba; editing …
EU to grant Tunisia 100 million euros in budget support -TAP agency Read More »
By Andrea Shalal WASHINGTON (Reuters) – World Bank President David Malpass on Friday said he was deeply concerned about Chad’s longer-term ability to pay its $3 billion in external debts since an agreement reached by the African country’s creditors does not call for any actual debt reduction. Chad on Friday confirmed a Reuters report that …
World Bank’s Malpass criticizes Chad creditors’ plan for failing to reduce debt Read More »
By Christian Akorlie ACCRA (Reuters) – Ghana’s embattled finance minister Ken Ofori-Atta plans to present his 2023 budget statement this month, a ruling party official said on Friday, despite demands by ruling party and opposition figures that he resign. Ofori-Atta has come under fire as Ghana suffers its worst economic crisis in a generation, with …
Ghana’s finance minister set to present budget despite calls for dismissal Read More »
By Promit Mukherjee and Joe Bavier JOHANNESBURG (Reuters) – Volkswagen’s South Africa unit aims to develop new markets for its petrol and diesel cars in Asia and Latin America, its managing director said, as Europe restricts sales as part of a shift to electric vehicles. Three quarters of cars produced by South Africa’s auto industry, …
VW South Africa looks to Asia, Latam as Europe shifts to EVs Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria plans to grant a concession on its $1.3 billion hydropower plant now under construction and is seeking bids from private investors to operate the China-funded plant, authorities said on Friday. The Zungeru Hydroelectric Power Plant (ZHPP), the biggest of its type in Nigeria, is expected to generate 700 …
Nigeria offers concession on $1.3 billion China-funded hydro power plant Read More »
JOHANNESBURG (Reuters) – French telecoms group Orange launched a new 5G network in Botswana on Friday in a first step towards rolling out the high-speed data offering to other markets in the Middle East and Africa, company executives said. Following the initial Botswana launch, Orange’s 5G coverage will extend to 30% of the southern African …
Orange launches first African 5G network in Botswana Read More »
DAKAR (Reuters) – The International Monetary Fund on Friday said it had provisionally agreed a financial support deal for Mauritania worth around $82.75 million. (Reporting by Alessandra Prentice; Editing by Toby Chopra)
JOHANNESBURG (Reuters) -The South African rand and Johannesburg-listed shares extended gains on Friday, as investors piled into riskier assets on hopes for less aggressive interest rate hikes from the Federal Reserve and as China eased some COVID-19 curbs. Data on Thursday showed U.S. consumer prices rose less than expected in October, pushing the annual increase …
South African assets extend rally in risk-on trade Read More »
By Alfredo Faieta and Francesca Landini MILAN (Reuters) -An appeals court in Milan on Friday rejected Nigeria’s $1.092 billion compensation request against Italian energy group Eni SpA and Shell Plc in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July prosecutors had dropped related criminal proceedings, …
Court rejects Nigeria’s compensation request against Eni, Shell Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African retailer TFG expects to deliver 10 billion rand ($580 million) in annual turnover from its homewares division by 2027, up from 2 billion rand, buoyed by strong demand, its CEO said. The owner of British womenswear brand Hobbs and South Africa’s Foschini clothing brand recently expanded its furniture …
Fashion retailer TFG targets $580 million in homeware turnover by 2027 Read More »
