By Alexander Winning and Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s cabinet on Friday approved a new board of directors at struggling state-owned power utility Eskom, after electricity outages reached record levels this year. Public Enterprises Minister Pravin Gordhan told a news conference that the new board would assume its duties on Saturday and would be …
S.Africa appoints new Eskom board after record power cuts Read More »
NAIROBI (Reuters) – Kenya’s inflation rose 9.2% year-on-year in September from 8.5% a month earlier, the statistics office said on Friday. On a month-on-month basis, inflation was 0.9% in September from 0.4% in August, the Kenya National Bureau of Statistics said in a statement. (Reporting by George Obulutsa; Editing by James Macharia Chege)
ABIDJAN (Reuters) – Ivory Coast has raised the fixed farmgate price paid to cocoa farmers by over 9% to 900 CFA francs ($1.33) per kilogramme from 825 CFA francs for the main crop of the 2022/2023 season starting on Oct. 1, Vice-President Tiemoko Meyliet Kone said on Friday. The farmgate price for coffee was raised …
Ivory Coast raises cocoa farmgate price by 9% for 2022/2023 harvest Read More »
RABAT (Reuters) – The African Development Bank said on Friday it approved a 199 million-euro ($194 million) loan to help Morocco increase its cereals production and reduce imports. The loan is part of the bank’s programme to help boost food security, nutrition and resilient farming across Africa, it said in a statement. The worst drought …
AfDB lends Morocco $194 million to boost cereals output Read More »
JOHANNESBURG (Reuters) – South Africa recorded a trade surplus of 7.18 billion rand ($399.03 million) in August, down from a revised surplus of 24.81 billion rand in July, data from the revenue service showed on Friday. Exports dropped 1.0% month on month to 175.37 billion rand, while imports were up 10.4% at 168.19 billion rand, …
South Africa trade surplus narrows to 7.18 billion rand in August Read More »
ABUJA (Reuters) – The World Bank said it has approved a $750 million credit line for Nigeria to help the country’s 36 states push through reforms to attract investment and create jobs. Several states in Nigeria struggle to pay salaries due to low revenues and resort to borrowing from the domestic bond market and banks …
World Bank approves $750 million credit to boost Nigerian reforms Read More »
JOHANNESBURG (Reuters) -Sibanye-Stillwater said on Friday that it had reached an agreement with both the National Union of Mineworkers (NUM) and United Association of South Africa (UASA) on wages and benefits at its platinum group metal operations. “The company has presented an inflation linked, five-year offer comprising fixed average annual wage increases of 6% and …
Sibanye-Stillwater reaches wage deal with two unions at platinum operations Read More »
By Cooper Inveen ACCRA (Reuters) – Australia-based Atlantic Lithium expects to begin production at what would be Ghana’s first lithium mine by the second half of 2024, the company’s interim chief executive told Reuters. Lennard Kolff said in an interview that a recent scoping study showed revenue could reach nearly $5 billion over the mine’s …
Atlantic Lithium’s Ghana mine poised to begin production by 2024 Read More »
TOKYO (Reuters) – Japan’s Daikin Industries Ltd will begin assembling air conditioners in Nigeria as it renews a push into Africa that had been delayed by the COVID-19 pandemic, a regional head said on Thursday. “We are very soon going to have a factory in Nigeria,” Kanwal Jeet Jawa, the head of Daikin’s operations in …
Japan’s Daikin to build air conditioners in Nigeria in renewed push Read More »
JOHANNESBURG (Reuters) – South Africa’s Telkom received a non-binding proposal from data network provider rain, which wants Telkom to buy it in exchange for new shares in Telkom, the country’s third biggest mobile operator said on Friday. Telkom, now in discussions with the second biggest mobile operator MTN, said its board was evaluating the proposal …
South Africa data provider rain wants Telkom to buy it Read More »
