Reuters Africa Business

TUNIS (Reuters) – Tunisia’s bill for gas purchases from Algeria’s Sonatrach may reach 4.5 billion dinars ($1.5 billion) this year while its domestic and foreign consumption bill could reach $2.6 billion with prices rising sharply, an energy ministry official told Reuters on Thursday. Belhassen Chiboub, the ministry’s director of energy transition, added that Tunisia has …

Tunisia’s Sonatrach gas bill may reach $1.5 billion this year Read More »

KIGALI (Reuters) – Rwanda plans to increase overall spending by 4.9% to 4.658 trillion Rwandan francs ($4.61 billion) in the year starting July, its finance minister said on Thursday. While presenting a draft 2022/23 (July-June) fiscal budget to parliament, Uzziel Ndajigimana said donors will fund just under 20% of it, with the rest coming from internal revenues and debt. He said Rwanda would …

Rwanda to raise spending by 4.9% in 2022/23 budget – minister Read More »

NAIROBI (Reuters) – Kenya’s shilling was little-changed against the dollar on Thursday, and traders said they expected it to weaken due to demand from various sectors including energy and manufacturing, and food importers. At 0711 GMT, commercial banks quoted the shilling at 116.30/50 per dollar, compared with Wednesday’s closing rate of 116.25/45. ………………………Shilling spot rates …

Kenyan shilling stable; expected to ease due to energy sector demand Read More »

(Reuters) – Following are selected highlights from a report issued on Wednesday by the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) post in Nairobi: “Kenya’s 2022/23 coffee production is forecast to decrease by 10 percent to 700,000 bags due to lower yields caused by reduced fertilizer application. Crop 2022/23 planted area is anticipated to …

Kenya’s coffee crop seen falling 10% due to lower fertilizer use -USDA Read More »

JOHANNESBURG (Reuters) – South Africa’s retail sales rose 1.3% year on year in March after falling 0.9% in February, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales decreased 0.3%. Sales rose 2.5% in the three months to the end of March compared with the same period last year, the statistics agency …

South Africa retail sales rise 1.3% y/y in March Read More »

JOHANNESBURG (Reuters) – South Africa’s headline consumer price inflation stood at 5.9% year on year in April, unchanged from March, data from Statistics South Africa showed on Wednesday. On a month-on-month basis, the consumer price index was at 0.6% in April from 1.0% in the previous month. Core inflation, which excludes prices of food, non-alcoholic …

South Africa’s consumer price inflation steady at 5.9% y/y in April Read More »

CAIRO (Reuters) – A subsidiary of Shell plc, BG International, signed a farm out agreement (FOA) with ExxonMobil Egypt to acquire a 100% stake in the Exxon Mobil-operated North East El-Amriya offshore area, Mediterranean Sea, also known as Block 3, a Shell statement said on Wednesday. “On completion of the transfer, BG will become the …

Shell acquires Egypt’s offshore Block 3 – statement Read More »