Reuters Africa Business

By Ron Bousso LONDON (Reuters) – Private equity fund Carlyle Group is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 billion amid high global energy prices, industry sources said. Carlyle International Energy Partners, the fund’s energy arm, first invested in Assala in 2017 when …

Exclusive-Carlyle prepares sale of Gabon oil firm Assala Energy -sources Read More »

By Mahamat Ramadane N’DJAMENA (Reuters) – Severe drought followed by the worst floods in 30 years have led to rocketing food prices and left a record 2.1 million people in Chad acutely hungry, according to United Nations agencies. As a result of the climate disaster, 10% of all children under five are affected by severe …

Chad climate disaster leaves record 2.1 million people hungry Read More »

JOHANNESBURG (Reuters) – South African business confidence rose in September, helped by an increase in tourism and greater trade volumes, data showed on Wednesday. The South African Chamber of Commerce and Industry (SACCI) monthly business confidence index (BCI) increased to 110.9 in September from 105.6 in August. “Business confidence presently remains resilient and at a …

South African business confidence index rises in September – SACCI Read More »

CASABLANCA (Reuters) – Moroccan phosphates and fertiliser producer OCP said on Wednesday it will allocate 4 million tonnes of fertilisers for the African market next year and it plans to boost output capacity to 15 million tonnes in the same period. The state-owned company aims to address food security on the continent, where it is …

Morocco’s OCP to allocate 4 million T of fertilisers in Africa Read More »

(Reuters) – The International Monetary Fund said on Tuesday that Malawi had requested emergency funding as it struggles with foreign currency shortages and tries to make progress with a debt restructuring. The IMF said it held discussions last week with Malawian authorities on their request for financial support under the its new “Food Shock Window” …

IMF says Malawi seeking emergency financial support under ‘Food Shock Window’ Read More »

NAIROBI (Reuters) – Kenya’s economy grew by 5.2% in the second quarter of this year compared with 11.0% in the same period last year, the statistics office said on Tuesday. The second quarter growth fell sharply in comparison with the same period last year when Kenya’s economy surged thanks to a rebound helped by relaxed …

Kenya’s GDP growth at 5.2% year-on-year in Q2 Read More »

TUNIS (Reuters) – Frustrated motorists queued in long lines outside Tunisian petrol stations on Tuesday even after the energy minister had said a shortage would end on Monday with a new delivery of fuel. Many petrol stations started running out of fuel over the weekend as imports slowed and national supplies dropped, leading to lines …

Long petrol queues in Tunisia stir anger after promise of fuel deliveries Read More »

(Reuters) – Sudan’s gold sales revenues posted $1.315 billion in the first six months of 2022, state news agency (SUNA) reported on Tuesday. The United Arab Emirates has bought all Sudan’s exported gold in the same period according to the country’s central bank. (Reporting by Moataz Mohamed; Editing by Louise Heavens)

JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose 1.4% year on year in August after rising by a revised 3.9% in July, statistics agency data showed on Tuesday. Factory production rose 2.1% month on month in August. Analysts had predicted a 2.5% drop in annual terms in August and a 0.3% month-on-month rise. (Reporting by …

South African manufacturing output up 1.4% y/y in August Read More »