ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast had reached 106,000 tonnes by Oct. 16 since the start of the season on Oct. 1, exporters estimated on Monday, down 43% from the same period last season. About 36,000 tonnes of beans were delivered to Abidjan port and 49,000 tonnes to San Pedro …
Ivory Coast 2022/23 cocoa arrivals seen at 106,000 T by Oct. 16 Read More »
NAIROBI (Reuters) – Kenya’s shilling was stable on Monday in slow trade with little dollar supply and demand, traders said. At 0723 GMT, commercial banks quoted the shilling at 120.95/121.15 per dollar, compared with Friday’s closing rate of 120.90/121.10. ………………………Shilling spot rates …………………Shilling forward rates …………………..Cross rates …………………………….Local contributors …………………..Central Bank of Kenya Index …………………Kenyan …
(Reuters) – Egypt has finalised a staff-level agreement with the international monetary fund (IMF) on the components of its programme, and will issue an announcement ‘very soon’, the country’s finance minister said in a statement on Sunday. The International Monetary Fund (IMF) and the Egyptian authorities have agreed to finalise work to reach a staff-level …
Egypt nears staff-level agreement with IMF on terms of its programme -finance minister Read More »
By Angus McDowall and Tarek Amara TUNIS (Reuters) – Tunisia has reached a preliminary agreement with the International Monetary Fund (IMF) for a $1.9 billion rescue package that could be finalised in December, the fund said on Saturday. Tunisia has been in urgent need of international help for months as it grapples with a crisis …
IMF reaches staff-level agreement with Tunisia for loan programme Read More »
(Reuters) – Egypt registered a primary surplus of 0.11% of gross domestic product (GDP) in the first quarter of its 2022/23 financial year, the country’s finance minister said in a statement on Saturday. Egypt’s fiscal year runs from July to June. Primary budget figures do not factor in interest payments on government debt. (Reporting by …
Egypt records preliminary Q1 surplus of 0.11% of GDP – finance minister Read More »
JOHANNESBURG (Reuters) – Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund press conference on Saturday. There is no alternative for Zambia, the first African country to default in the COVID-19 era in 2020, to …
JOHANNESBURG (Reuters) – Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday. He said Zimbabwe had begun issuing bonds with maturities of between two and 20 years in order to honour …
Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says Finance Minister Read More »
(Reuters) – South African utility Eskom said breakdowns of four generating units forced the implementation of stage 2 load-shedding from 2 p.m. (1200 GMT) on Saturday. The power cuts, known locally as “load-shedding”, will continue until further notice, Eskom added. (Reporting by Mrinmay Dey in Bengaluru; editing by Emelia Sithole-Matarise)
CAIRO (Reuters) – Egypt’s Suez Canal Economic Zone will offer new services to ships including fuelling and catering from the first quarter of 2023, state media quoted a Suez Canal official as saying on Friday. The new services will be offered at Port Said and Suez in the northern and southern regions of the canal …
Egypt’s Suez Canal to offer ships fuelling and catering services -state media Read More »
JOHANNESBURG (Reuters) – South African power utility Eskom said on Friday it had signed agreements for four renewable power producers to use land around its power plants, which would accelerate getting new capacity online. The deals should help bring more renewable capacity onto South Africa’s power grid, which is primarily supported by coal-fired electricity. State-controlled …
S.Africa’s Eskom makes progress on renewable energy transition Read More »
