NAIROBI (Reuters) – Kenya’s inflation rose 9.6% year-on-year in October from 9.2% a month earlier, the statistics office said on Monday. (Reporting by Hereward Holland; Editing by James Macharia Chege)
JOHANNESBURG (Reuters) – South Africa recorded a trade surplus of 19.70 billion rand ($1.07 billion) in September, up from a revised surplus of 6.20 billion rand in August, data from the revenue service showed on Monday. Exports rose 10.0% month on month to 191.56 billion rand in September, while imports were up 2.3% at 171.86 …
South Africa trade surplus widens to 19.70 billion rand in September Read More »
ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast had reached 295,000 million tonnes by Oct. 30 since the start of the season on Oct. 1, down 21% from the same period last season, exporters estimated on Monday. About 40,000 tonnes of beans were delivered to Abidjan port and 51,000 tonnes to …
Ivory Coast 2022/23 cocoa arrivals seen at 295,000 T by Oct. 30 Read More »
ABUJA (Reuters) – Nigerian President Muhammadu Buhari on Sunday said he backed the central bank’s decision to try to mop up excess liquidity by recalling high-value bank notes and replacing them with newly-designed ones from mid-December. Central bank governor Godwin Emefiele said last week that of 3.3 trillion naira ($7.54 billion) cash in circulation, 2.7 …
Nigeria’s Buhari backs central bank on new banknotes Read More »
DUBAI (Reuters) – Egypt’s move to raise interest rates is a step in the right direction and a flexible exchange rate will help protect its economy from shocks at a time of tightening global financial conditions, an International Monetary Fund official said. Egyptian authorities pledged a “durably flexible” exchange rate in conjunction with a staff-level …
Egypt interest rate hike step in right direction, IMF official says Read More »
JOHANNESBURG (Reuters) – Private sector credit in South Africa rose 9.74% year on year in September after rising by 7.86% in August, central bank data showed on Monday. The broadly defined M3 measure of money supply increased by 8.75% in September after expanding by 8.15% in the previous month. (Reporting by Bhargav Acharya; Editing by …
South Africa’s private sector credit up 9.74% y/y in September Read More »
TUNIS (Reuters) – Tunisia will soon enact difficult economic reforms that have been delayed for years, the central bank governor said on Saturday, adding that financial authorities were trying to keep the dinar currency stable. Tunisia this month reached a preliminary agreement with the International Monetary Fund (IMF) for a $1.9 billion rescue package that …
Tunisia to start difficult economic reforms soon – cbank governor Read More »
By Tiemoko Diallo BAMAKO (Reuters) – Industrial gold production in Mali, one of Africa’s top producers of the precious metal, risks falling short of annual forecasts after underperforming through the third quarter, a mines ministry official said. Gold production from 13 major mines, including those owned by Barrick Gold, B2Gold, Resolute Mining and AngloGold Ashanti, stood …
Mali industrial gold output at risk of missing targets, says ministry Read More »
(Reuters) – Kenya Electricity Generating Company Ltd has appointed Abraham Serem as acting Managing Director and CEO of the company upon Rebecca Miano’s exit to join the Cabinet, it said late on Friday. Miano has been appointed Cabinet Secretary (CS) for East African Community (EAC), Arid and Semi-Arid Lands and Regional Development. (Reporting by Lavanya …
Kenyan electricity producer KenGen Appoints Abraham Serem as acting CEO Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Friday as the dollar regained some lost ground ahead of the U.S. Federal Reserve’s policy decision on interest rates next week. At 1532 GMT, the rand traded at 18.1700 against the dollar, 1.07% weaker than its previous close. The local currency had steadied on Thursday, a day after …
South African rand dips ahead of Fed decision next week Read More »
