By Miguel Gomes LUANDA (Reuters) -Angola’s central bank kept its main lending rate at 20.00% on Tuesday, with its governor upbeat that a slowdown in inflation would continue in the coming months. Inflation in the oil-producing Southern African nation has been in double digits since mid-2015, but since the start of this year it has …
Angola holds rates, upbeat on inflation slowdown Read More »
By Anait Miridzhanian (Reuters) -South Africa’s government on Tuesday outlined new measures to curb steeply rising domestic fuel prices, easing pressure on consumers as previous relief measures were due to expire. Since the Ukraine war and its knock-on effects sent oil prices soaring, governments around the world have been considering subsidies to soften the financial …
South Africa takes new steps to curb rising fuel prices Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Flour Mills of Nigeria has completed its acquisition of rival Honeywell Flour Mills after regulators approved the deal, the company said on Tuesday. Flour Mills of Nigeria said in November it would acquire a 77% stake in Honeywell Flour Mills with its own cash and some debt. The deal is …
Nigeria’s Flour Mills wins approval for Honeywell deal Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya’s central bank will not flinch on inflation, its governor said on Tuesday, a day after the bank joined other major African economies in raising interest rates to forestall rising inflationary pressures. Policymakers raised the benchmark lending rate by 50 basis points on Monday, the first hike in nearly seven …
Kenya’s central bank says it is resolute on inflation, sees robust economic growth Read More »
BEIJING (Reuters) -Chinese President Xi Jinping told his Zambian counterpart in a telephone call on Tuesday that China was willing to strengthen and broaden bilateral ties with Zambia, according to a Chinese state television report. Over the past year, China-Zambia relations have maintained positive momentum, Xi said, adding that China will promote the entry of …
NAIROBI (Reuters) – Kenya’s consumer inflation rose to 7.10% year-on-year in May from 6.47% a month earlier, the statistics office said on Tuesday. On a monthly basis, inflation was 0.8% from 1.69% in April, the Kenya National Bureau of Statistics said in a statement. On Monday, the central bank raised its benchmark lending rate to …
Kenya’s inflation at 7.1 % year-on-year in May – stats office Read More »
(Reuters) – South Africa recorded a trade surplus of 15.49 billion rand ($991.93 million) in April, down from a revised surplus of 47.20 billion rand in March, data from the revenue service showed on Tuesday. Exports dropped 19.1% month on month to 151.79 billion rand, while imports were down 2.9% at 136.30 billion rand, the …
South Africa trade surplus narrows to 15.49 billion rand in April Read More »
DAKAR (Reuters) – Mali has failed to pay 4.03 billion CFA francs ($6.64 million) in interest on a treasury bond that was due on May 20, the West African debt agency Umoa-Titres said on Tuesday. ($1 = 607.0000 CFA francs) (Reporting by Bate Felix; Writing by Sofia Christensen; Editing by Estelle Shirbon)
By Rachel Savage and Leigh Thomas LONDON/PARIS (Reuters) – China’s lack of experience with tricky debt restructurings and slow coordination among its public lenders is holding up debt relief for Zambia, a test case for the top emerging market creditor, three sources familiar with the matter said. Zambia became in 2020 the first country to …
Test case Zambia exposes China’s rookie status on debt relief – sources Read More »
(Reuters) – Private sector credit in South Africa rose by 5.99% year on year in April after rising by 5.92% in March, central bank data showed on Tuesday. The broadly defined M3 measure of money supply increased by 7.50% in April after expanding by 8.43% in the previous month. (Reporting by Bhargav Acharya in Bengaluru; …
South Africa’s private sector credit up 5.99% y/y in April Read More »
