Reuters Africa Business

(Reuters) – South African farmers are expected to harvest 8% less maize in the 2021/2022 season compared with the previous season, the government’s Crop Estimates Committee (CEC) said on Tuesday. The CEC’s latest summer crop forecast estimates the 2022 harvest at 15.004 million tonnes, down from the 16.315 million tonnes harvested last season. The harvest …

South Africa’s 2022 maize harvest forecast 8% lower than last year Read More »

SHUBRA BELOULA, Egypt (Reuters) – The village of Shubra Beloula on the Nile Delta is at the heart of the jasmine industry in Egypt, which along with India is one of the world’s top two producers. The fragrant flower is the village’s main economic activity and source of income, employing most of the population of …

Egypt’s jasmine farmers struggle through economic headwinds Read More »

LONDON (Reuters) – Angola’s Eurobonds fell sharply on Tuesday, after the opposition UNITA party rejected the results of last week’s elections. The ruling MPLA party was declared the winner on Monday but failed to get the two-third majority needed to change the constitution. Tuesday’s market moves saw the southern African country’s dollar-denominated bonds fall up …

Angola’s bonds tumble after opposition rejects election results Read More »

JOHANNESBURG (Reuters) -South African insurer Old Mutual on Tuesday reported a 62% increase in half-year profits, and its CEO said it aimed to exceed pre-pandemic earnings by the end of 2023 as the need to set aside provisions for pandemic mortality claims recedes. South Africa has the largest and the most advanced insurance market in …

S.African insurer Old Mutual reports 62% rise profit rise, aims for more Read More »

NAIROBI (Reuters) – Kenya’s shilling was stable on Tuesday and traders said it was expected to ease due to demand for dollars from oil retailing companies and manufacturers. At 0707 GMT, commercial banks quoted the shilling at 119.95/120.15 per dollar, compared with Monday’s closing rate of 119.90/120.10. ………………………Shilling spot rates …………………Shilling forward rates …………………..Cross rates …

Kenyan shilling steady, seen weakening on manufacturers’ demand Read More »

BANGUI (Reuters) – Central African Republic’s Constitutional Court on Monday ruled that the purchase of citizenship, “e-residency” and land using a cryptocurrency the government launched last month was unconstitutional. The “Sango Coin” went on sale on July 21 despite a sharp fall in bitcoin prices during recent months, and doubts over the project’s viability in …

Central African Republic top court blocks purchases with new cryptocurrency Read More »