Reuters Africa Business

JOHANNESBURG (Reuters) – South Africa’s Vodacom moved a step closer to a considerable expansion of its fibre footprint after the country’s telecoms regulator approved the transfer of Dark Fibre Africa’s licences to the mobile operator. Vodacom said last November it would pay 6 billion rand ($337.5 million) in cash and certain fibre assets valued at …

Vodacom gets fibre boost as regulator approves transfer of DFA licences Read More »

By Cooper Inveen and Christian Akorlie ACCRA (Reuters) -Ghana’s annual consumer inflation rose to a new 21-year high of 40.4% in October, accelerating from 37.2% in September, data showed on Wednesday, after a month of rapid currency depreciation deepened an economic crisis. Ghana’s cedi had one of its worst months on record in October and …

Ghana inflation rises to 40.4% in October Read More »

NAIROBI (Reuters) – Mauritius’ central bank said on Wednesday it sold $100 million to the domestic foreign exchange market to help contain inflation. Since the outbreak of the COVID-19 pandemic, the Bank of Mauritius sold a total of $3.5 billion to commercial banks, the bank said in a statement. “Amongst others, this latest intervention aims …

Mauritius central bank says sold $100 million to help contain inflation Read More »

NAIROBI (Reuters) – The International Monetary Fund and Kenya have reached a staff-level agreement after its fourth review of its lending programme, the fund said on Tuesday. The IMF said in a statement that under the review of Kenya’s Extended Fund Facility and Extended Credit Facility, the east African economy would have access to about …

IMF, Kenya reach staff level agreement on lending programme Read More »

(Reuters) – Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its significant mineral reserves and a …

Zimbabwe’s new mineral royalty policy comes into force Read More »

(Reuters) – Australia’s Fortescue Metals Group said on Tuesday its green energy unit will help fast-track the development of an affordable green fertiliser supply chain in Kenya. Fortescue Future Industries (FFI) and the Kenyan government will together develop a 300 megawatt green ammonia and green fertiliser facility by 2025. “For Kenya this will create fossil …

Fortescue Metals to help develop green fertiliser supply chain in Kenya Read More »