(Reuters) -South Africa’s rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes. At 1511 GMT, the rand traded at 17.0150 against the dollar, 0.07% stronger than its previous close. Local investors will be looking this week at July consumer and …
South African rand flat against dollar, stocks slip Read More »
By Sarah El Safty CAIRO (Reuters) – Egypt’s supply minister said on Monday that an agreement to buy wheat from India still stood despite recent curbs on Indian exports, although it is unclear when the grain will be shipped. Egypt, one of the world’s biggest wheat importers, has sought to diversify its suppliers since facing …
Egypt’s deal for Indian wheat stands, but not shipped yet – minister Read More »
LONDON (Reuters) – Ghana’s dollar-denominated bonds were hit on Monday, as the dollar’s strength and fears of an economic downturn in China hit already-struggling frontier markets, including the West African country which has turned to the IMF amid soaring inflation. Ghana’s Eurobond maturing in February 2027 fell more than 1.5 cents to a record low …
Ghana Eurobonds slide weighed by dollar strength Read More »
LONDON (Reuters) -Kenya’s Eurobonds fell on Monday after veteran opposition leader Raila Odinga formally challenged the results of this month’s presidential election at the country’s Supreme Court. The country’s dollar-denominated government bonds were down as much as 2 cents on the dollar at 1318 GMT, with the 2048 maturity trading at 68.5 cents, according to …
Kenya’s bonds fall after Odinga formally challenges election results – Tradeweb data Read More »
ABIDJAN (Reuters) – Ivory Coast cocoa farmers welcomed light rainfall last week, which will be good for the development of the October-to-March main crop, they said on Monday. Ivory Coast, the world’s top cocoa producer, is in its rainy season which runs from April to mid-November. Rainfall was below average last week in the southern …
KAMPALA (Reuters) – Umeme Limited, Uganda’s sole power distributor’s half-year pretax profit jumped 33%, helped by a surge in energy sales across all categories of customers and a drop in its operating costs, it said on Monday. For the first six months of this year ending June 30, Umeme’s pretax profits rose to 92.8 billion …
Uganda power distributor Umeme’s half-year profit up 33% Read More »
KAMPALA (Reuters) – Stanbic Bank Uganda’s pre-tax profit for the first six months of 2022 rose more than 7% from the same period last year, helped by cost-control measures, the bank said on Monday. Uganda’s largest lender by assets earned 218.3 billion shillings ($56.69 million) in the first half of 2022 compared to 203.2 billion …
Stanbic Bank Uganda’s half-year profit up over 7% on cost control Read More »
CAIRO (Reuters) – Egypt’s strategic wheat reserves are sufficient for seven months, the supply minister said on Monday. The country’s strategic reserves of vegoils are sufficient for six months, the minister Ali Moselhi added. (Reporting by Sarah El Safty; Writing by Lina Najem; Editing by David Goodman)
(Reuters) – The Kenyan shilling was broadly stable against the dollar on Monday, with dollar demand from sectors including energy balanced by inflows from non-governmental organisations and remittances from the diaspora. But month-end foreign currency demand from importers was expected to pressure the shilling in the coming days. At 0720 GMT, Refinitiv Eikon data showed …
Kenyan shilling stable; pressure seen from month-end dollar demand Read More »
(Reuters) – Libya’s oil production is running at 1.211 million barrels per day (bpd), Libya’s National Oil Corp (NOC) said in a statement on Sunday. On July 23, NOC, which is being run a new chief appointed by the Government of National Unity last month, said production had reached 860,000 bpd and that it aimed …
Libya’s NOC says oil production at 1.211 million bpd – statement Read More »
