Reuters Africa Business

SAO PAULO (Reuters) – South Africa has suspended anti-dumping duties on Brazilian exporters of frozen chicken meat, Brazil’s economy ministry said on Wednesday, welcoming the decision as a way to boost its competitiveness in the South African market. South Africa had been applying anti-dumping tariffs on Brazilian exporting companies since December 2021, ranging from 6% to …

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By Camillus Eboh ABUJA (Reuters) -Workers at the Transmission Company of Nigeria (TCN) have suspended a strike that began on Wednesday and caused a nationwide blackout, a workers union official said after a meeting with the government. The grid capacity dropped to zero by 5:00 p.m. (1600 GMT) from 4,100 megawatts (MW) early on Wednesday, …

Nigeria electricity workers suspend strike that caused blackout Read More »

TUNIS (Reuters) – Tunisia will submit a national reform programme to the International Monetary Fund (IMF) in September, the economy minister said on Wednesday, part of efforts to secure a bailout to rescue strained public finances. Economy Minister Samir Saied was quoted by state news agency TAP as saying the programme would be submitted to …

Tunisia to submit reform plan to IMF in September Read More »

By Patrick Werr and Nafisa Eltahir CAIRO (Reuters) -Egypt’s central bank governor Tarek Amer has submitted his resignation, the office of President Abdel Fattah al-Sisi said on Wednesday, just over a year before the completion of Amer’s final term. There was no announcement of a replacement for Amer, who has been appointed as a presidential …

Egypt’s central bank governor resigns a year early Read More »

JOHANNESBURG (Reuters) – South African retail sales fell 2.5% year on year in June after rising by 0.1% in May, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales were down 0.4%. Sales in the three months to the end of June were up 0.5% compared with the same period last year, …

South African retail sales fall 2.5% year on year in June Read More »

DAKAR (Reuters) – Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday. Exports from the mine, which accounted for more than 10% of global cobalt output in …

Congo PM to mediate dispute over Tenke copper and cobalt mine Read More »

(Reuters) – South African state utility Eskom said it would implement “Stage 2” rotational power cuts between 1600 and 2400 local time (1400 and 2200 GMT) on Wednesday and Thursday, due to a shortage of generation capacity. (Reporting by Bhargav Acharya in Bengaluru; Editing by Alexander Winning)