Reuters Africa Business Archives - Page 776 of 921

Angola’s ANPG reports ExxonMobil offshore hydrocarbon discovery

7 Nov 2022 7 Nov 2022

CAPE TOWN (Reuters) – ExxonMobil and partners have made a new hydrocarbon discovery in the offshore Bavuca Sul-1 exploration well off Luanda’s coast, Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) said on Monday. “The well encountered 98 feet (30 metres) of high-quality sandstone containing hydrocarbons,” ANPG said in a statement. The well, located …

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Tunisia’s annual inflation rate rises to 9.2% in October

6 Nov 2022 6 Nov 2022

CAIRO (Reuters) – Tunisia’s annual inflation rate slightly rose to 9.2% in October from 9.1% in September, the state news agency (TAP) said on Saturday. (Reporting by Enas Alashray; Editing by Toby Chopra)

Egypt’s GASC seeks wheat in international tender

6 Nov 2022 6 Nov 2022

CAIRO (Reuters) – Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), is seeking an unspecified amount of wheat in international purchasing tender. The deadline for offers is Monday, Nov. 7. Offers can be submitted on FOB or on cost and freight (C&F) basis for payment using 180-day letters of credit, it said. …

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Tunisia signs $74 million loan with Arab Monetary Fund

5 Nov 2022 5 Nov 2022

TUNIS (Reuters) – Tunisia has signed a $74 million loan with the Arab Monetary Fund, a regional lender, to support public finance reforms, the central bank said on Friday, as the country suffers its worst financial crisis. The loan comes weeks after Tunisia reached a staff-level agreement with the International Monetary Fund for a $1.9 …

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South African rand, stocks jump as dollar eases

4 Nov 2022 4 Nov 2022

JOHANNESBURG (Reuters) -South Africa’s rand and stocks jumped on Friday as the U.S. dollar fell after U.S. jobs data raised hopes the Federal Reserve could soon soften its stance on interest rates. At 1738 GMT, the rand traded at 18.9350 against the dollar, 2.58% stronger than its previous close. Data from the Bureau of Labor …

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Kenya Airways pilots to give decision on strike after govt plea to call it off

4 Nov 2022 4 Nov 2022

By Duncan Miriri NAIROBI (Reuters) -Kenya Airways PLC’s pilots union will give its final decision later tonight on whether to begin a strike on Saturday after the government urged them to it call off, the transport minister said on Friday. The walkout, which is due to start at 6.00 am local time (0300 GMT), will …

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Planned strike by pilots unlawful, will delay recovery plans -Kenya Airways

4 Nov 2022 4 Nov 2022

(Reuters) – Kenya Airways Plc said on Friday that a strike planned to start on Saturday by its pilots was unlawful, and would delay and disrupt the airline’s ability to recover. (Reporting by James Macharia Chege; Editing by Alexander Winning)

Ivory Coast sets Nov. 20 deadline for cocoa buyers to factor living income differential

4 Nov 2022 4 Nov 2022

By Ange Aboa ABIDJAN (Reuters) -Ivory Coast’s Coffee and Cocoa Council has set a Nov. 20 deadline for cocoa buyers to account for a “living income differential” (LID) of $400 per tonne of cocoa on all contracts sold by Ivory Coast or Ghana, two council and four industry sources told Reuters on Friday. Cocoa buyers …

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South African mobile operator MTN’s Q3 pre-tax profit rises 14.7%

4 Nov 2022 4 Nov 2022

JOHANNESBURG (Reuters) – South African mobile operator MTN Group said on Friday that its third quarter pre-tax profit rose 14.7% year-on-year, supported by demand for its data and financial services. MTN, with 285 million customers in 19 countries in Africa and the Middle East, said group service revenue grew to 49.64 billion rand ($2.71 billion) …

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S.African clean energy project gets $497 million in World Bank funds

4 Nov 2022 4 Nov 2022

JOHANNESBURG (Reuters) – A South African project to decommission and repurpose one of state-owned power utility Eskom’s coal-fired power plants using renewables and batteries will get $497 million in financing from the World Bank, the bank said on Friday. “The decommissioning and repurposing of the Komati coal-fired plant is a demonstration project that can serve …

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