CAIRO (Reuters) – Egypt has approved pre-listing procedures for petrol stations operator Wataniya and water company Safi, which are both currently owned by the Egyptian army, as a first step towards stock market listings, a cabinet statement said on Wednesday. Egypt is seeking wider private sector participation in state-owned assets. (Reporting by Moamen Said Attalah; …
(corrects day to Wednesday from Thursday in first paragraph) TRIPOLI (Reuters) – Libya resumed exporting crude oil from Es Sider port, the oil ministry said on Wednesday. Libya’s Waha Oil Company resumed production at its fields with an initial capacity of 15,000 barrels per day, which is expected to reach 30,000 bpd by the end …
Libya resumes oil exports from Es Sider port – statement Read More »
(Reuters) – South African power utility Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, all which could lead to the need to raise more capital, rating agency S&P Global said. Intermittent power cuts have been blamed for hindering growth in Africa’s most advanced economy. …
S.Africa’s Eskom faces growing financial strain, S&P Global says Read More »
By Ahmed Eljechtimi MARRAKECH, Morocco (Reuters) – African countries need to leverage more private funds to meet infrastructure financing needs estimated at between $68 billion and $108 billion annually, the chief executive of Africa50, an infrastructure investment offshoot of the African Development Bank, said on Tuesday in Marrakech. Leveraging more private capital to finance infrastructure …
Africa needs more private funds for infrastructure investments- Africa50 CEO Read More »
By Andrea Shalal (Reuters) -Zambia’s creditors are expected to commit to debt relief needed to unlock $1.4 billion from the IMF on Wednesday or Thursday, two sources familiar with the situation said, as the country and its lenders seek to end a drawn-out restructuring process. After meeting on Monday, Zambia’s bilateral creditors agreed to release …
Zambia creditors to commit to debt relief needed for IMF funding – sources Read More »
By Alexander Winning JOHANNESBURG (Reuters) -South African inflation surged to a 13-year high in June, data showed on Wednesday, moving further away from the central bank’s target the day before an interest rate announcement. Headline consumer inflation quickened more than forecast to 7.4% year on year in June, versus analysts’ predictions for 7.2% and a …
South Africa inflation strikes 13-year high on eve of rates call Read More »
NAIROBI (Reuters) – Somalia has requested the International Monetary Fund to prolong financial support to the Horn of Africa Nation to December 2023, its finance minister said. In a letter to the IMF dated May 30 that was released publicly on Tuesday, Finance Minister Abdirahman Duale Beileh requested the extension for the program to reach …
Somalia requests IMF to extend budget support to December 2023 Read More »
TUNIS (Reuters) – The International Monetary Fund (IMF) said its talks with Tunisian authorities for a staff level agreement on a rescue package would continue “over the coming weeks” as the government seeks to stave off a collapse in public finances. It said it had made “good progress” in talks with the authorities over a …
IMF says loan talks with Tunisia to continue over coming weeks Read More »
ABUJA (Reuters) -State-run Nigerian National Petroleum Corp will be ready to launch an initial public offering (IPO) in the middle of next year, its group CEO said on Tuesday after the firm formally became a commercial company known as NNPC Ltd. “We are convinced that by the middle of next year, this company will be …
Nigeria’s NNPC sees IPO launch mid next year, CEO says Read More »
(Reuters) -South Africa’s rand firmed on Tuesday, as the dollar fell due to cooling expectations for a full percentage-point Federal Reserve Bank interest rate hike next week. At 1553 GMT, the rand traded at 17.0500 against the dollar, 0.44% stronger than its previous close. The dollar index, which measures the U.S. currency against six major …
South African rand firms as dollar slips on falling Fed hike bets Read More »
