Reuters Africa Business

(Reuters) – Three Tunisian judges’ unions have decided to suspend a four-week-long strike started in protest at Tunisian President Kais Saied’s dismissal of 57 judges on June 1, they said on Sunday. Saied had accused the judges of corruption and protecting terrorists, charges which the Tunisian Judges’ Association said were mostly politically motivated. (Reporting By …

Three Tunisian judges’ unions suspend strike started a month ago – statement Read More »

JOHANNESBURG (Reuters) – South African state power utility Eskom said on Sunday it would extend daily power cuts all through next week as generation capacity shortage continues. Striking workers, delay in maintenance and creaking old thermal power plants have forced the monopoly power supplier of South Africa to implement one of the worst power cuts …

S.Africa’s Eskom extends daily power cuts for next week amid capacity shortage Read More »

By CAMILLUS EBOH ABUJA (Reuters) – Nigeria lost $1 billion in revenue during the first quarter of this year due to crude oil theft, the petroleum regulator said on Friday, warning the practise was a threat to the economy of Africa’s top producer. Nigeria loses millions of barrels of crude oil a year because of …

Nigeria lost $1 billion in Q1 revenue to crude oil theft Read More »

By Tarek Amara TUNIS (Reuters) – A delegation from the International Monetary Fund will visit Tunisia on Monday to start negotiations over a loan programme, a central bank official told Reuters on Friday. This follows the completion of technical talks between the IMF and Tunisia, said Zied Mouhli, a central bank spokesperson. Tunisia, which is …

IMF delegation heading to Tunisia to start loan talks -central bank Read More »

NAIROBI (Reuters) – The Kenyan central bank’s Monetary Policy Committee will hold its next rate-setting meeting on July 27, the bank said on Friday. At its last meeting in May, the bank raised its benchmark lending rate to 7.50%, up from 7.00% previously, the first hike since July 2015. (Reporting by George Obulutsa; Editing by …

Kenya’s central bank to hold next rate-setting meeting on July 27 Read More »

NAIROBI (Reuters) – Kenya’s economy expanded by 6.8% in the first quarter of this year from a revised 2.7% in the same period a year earlier, the statistics office said on Friday. “The performance was supported by rebounds in most economic activities that had contracted significantly in the first quarter of 2021 due to measures …

Kenya’s GDP growth rebounds in first quarter 2022 Read More »

ABUJA (Reuters) – Nigeria spent 1.274 trillion naira ($3 billion) on fuel subsidies in the first five months of this year, a document sent by state oil firm NNPC’s to the government on oil and gas revenue distribution showed on Thursday. Nigeria exports crude oil and imports refined petrol, suffering intermittent fuel shortages. The subsidy …

Nigeria spent $3 billion on petrol subsidies in first five months of 2022 – NNPC Read More »