(Reuters) – The Kenyan shilling was slightly weaker on Tuesday, with one trader saying the market was still in “wait-and-see mode” after this month’s contested presidential election. At 0902 GMT, Refinitiv Eikon data showed the shilling at 119.80/120.00 against the dollar, compared to Monday’s close of 119.65/85. The trader at a commercial bank in Nairobi …
Kenyan shilling in ‘wait-and-see mode’ after contested election Read More »
LONDON (Reuters) – Ethiopia expects an IMF mission to visit in September, following a visit by the Fund three months ago, a finance ministry official said on Tuesday, noting that an IMF program was necessary to restructure its debt. Ethiopia’s bilateral creditors, co-chaired by France and China, first met in September 2021 but progress on …
Ethiopia expects IMF visit in September – Finance Minister official Read More »
PRETORIA (Reuters) – South Africa’s unemployment rate edged lower to 33.9% in the second quarter of 2022 from 34.5% in the first quarter, the statistics agency said on Tuesday. Statistics South Africa said the number of unemployed people totalled 7.994 million people in the three months to end-June, compared with 7.862 million people in the …
South Africa’s unemployment rate falls to 33.9% in second quarter Read More »
DUBAI (Reuters) – Remittances from Egyptian workers abroad in the 2021/2022 financial year to June 30 rose 1.6% year on year to $31.9 billion, the central bank said on Tuesday. (Reporting by Nadine Awadalla; Writing by Nayera Abdallah; Editing by David Goodman)
By Rachel Savage and Catarina Demony LONDON/LUANDA (Reuters) – Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa’s second-biggest oil producer since the country won independence from Portugal in 1975. WHO ARE THE MAIN PLAYERS? President João Lourenço of the governing MPLA, …
Explainer-What is at stake for investors in Angola’s elections? Read More »
By Rachel Savage and Catarina Demony LONDON/LUANDA (Reuters) -Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa’s second-biggest oil producer since the country won independence from Portugal in 1975. WHO ARE THE MAIN PLAYERS? President João Lourenço of the governing MPLA, who …
Explainer-What is at stake for investors in Angola’s elections? Read More »
JOHANNESBURG (Reuters) – South African insurer Discovery Ltd said on Tuesday it was partnering with global asset manager BlackRock Inc to launch a fund management entity, to tap in to the fast-growing multibillion-rand local discretionary fund management industry. A discretionary fund manager (DFM) is a company whose clients are primarily financial advisers but which also …
S.Africa’s Discovery partners with BlackRock for new asset management entity Read More »
(Reuters) -Sasol Ltd posted a 147% jump in full-year core profit on Tuesday boosted by higher fuel and chemicals prices, helping the South African chemicals and energy firm declare its first dividend since 2019. Headline earnings per share, which strips off some items such as the impact of non-recurring costs and the effect of hedging, …
S.Africa’s Sasol profit surges on higher oil, chemicals prices Read More »
By Katharine Houreld and George Obulutsa NAIROBI (Reuters) -Veteran opposition leader Raila Odinga on Monday challenged Kenya’s presidential election results in the Supreme Court and alleged the tally had involved “criminality”, sharpening a political contest gripping East Africa’s powerhouse. In the petition, Odinga asks the court to nullify the vote’s outcome on several grounds, including …
Kenya’s Odinga challenges election result ‘criminality’ in court Read More »
OUAGADOUGOU (Reuters) – Canada-based Trevali Mining Corp halted trading on Monday and said two of its managers were being held in Burkina Faso following an April flood that killed eight miners. The company did not give a reason for the trading halt on the Toronto Stock Exchange. It said it also expected trading to be …
Trevali halts trading as Burkina Faso managers face trial following fatal mine flooding Read More »
