TUNIS (Reuters) -Tunisia’s economy grew by 2.4% in the first quarter of this year, driven by growth in the tourism and agriculture sectors, the state statistics institute said on Monday. In the same period last year, the economy contracted by 1.8%. The government expects the economy to grow 2.6% this year after 2021 growth of …
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the …
Deutsche Bank not financing EACOP African pipeline – source Read More »
CAIRO (Reuters) -Egypt outlined on Sunday a wide array of state assets that it will offer to private investors, part of a government plan to fully withdraw from certain sectors of the economy as it seeks to attract $40 billion in investment over the next four years. Egyptian Prime Minister Moustafa Madbouly said he wanted …
JOHANNESBURG (Reuters) – South Africa’s state power utility Eskom said on Sunday that it would increase the hours of daily power cut for Monday and Tuesday because it lost more generation capacity over the weekend. The beleaguered company, which runs 15 ageing coal-fired power stations, resumed more than two hours of rolling power cut on …
S.Africa’s Eskom increases length of daily power cut for start of week Read More »
CAIRO (Reuters) – Egypt’s unemployment rate dropped to 7.2% in January-March, down from 7.4% in the previous quarter, the state statistics agency CAPMAS said on Sunday. (Reporting by Ahmed Ismail, Writing by Yasmin Hussein)
LAGOS (Reuters) – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use. Nigeria’s central bank last year banned banks and financial institutions from dealing in or facilitating transactions in …
Nigeria’s markets regulator publishes rules on crypto assets Read More »
By Thiam Ndiaga and Anne Mimault PERKOA, Burkina Faso (Reuters) – Executives at Canada-based Trevali Mining Corp said the company was caught unawares by a torrential downpour during the dry season last month in Burkina Faso that left eight men trapped underground in its Perkoa zinc mine. Rescue efforts are continuing since the flood on …
Trevali says caught unawares by downpour that flooded Burkina mine Read More »
By Tarek Amara TUNIS (Reuters) – Tunisia has raised the prices of domestic electricity and gas, a government official said on Friday, the latest in a series of price hikes in a country whose public finances are under increasing strain. The North Africa country, is seeking to reach a new loan deal with the International …
Tunisia raises domestic electricity and gas prices Read More »
TUNIS (Reuters) – The African Development Bank has lent Tunisia $107 million to finance a road development project, the Tunisian official gazette said on Friday. The loan is aimed at helping develop road infrastructure in order to boost economic activity between the interior and coastal regions of the North African country. The project aims to …
AFDB lends Tunisia $107 million to finance road project Read More »
N’DJAMENA (Reuters) – Central Africa’s regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa (COBAC), which regulates the banking sector in the six-nation Economic and Monetary Community of Central Africa (CEMAC), …
Central African bank regulator reminds states of crypto ban Read More »
