By Camillus Eboh ABUJA (Reuters) – The head of Nigerian state oil firm NNPC and the central bank governor told the national assembly and the country’s airline association on Monday that they were unable help with soaring jet fuel prices. However, in a resolution to the meeting, NNPC agreed to supply jet fuel to marketers …
Nigeria’s NNPC, cenbank tell airlines they cannot help fix jet fuel prices Read More »
By Tarek Amara TUNIS (Reuters) – Tunisian President Kais Saied on Monday appointed new members of the election commission, to be headed by Farouk Bouasker, the official gazette said, entrenching his one-man rule and casting doubt on electoral integrity. Saied said last month he would replace most election commission members, seizing control of one of …
Tunisian president names new election commission members Read More »
(Reuters) – The International Monetary Fund’s executive board on Monday approved a three-year, $456 million extended credit facility arrangement for Mozambique, with about $91 million available for immediate disbursement, the Fund said. The facility is the southeast African nation’s first program since the global lender suspended support six years ago. The IMF said the three-year …
IMF board approves $456 million program for Mozambique Read More »
(Reuters) – Standard Bank Group Ltd, Africa’s largest lender by assets, said on Tuesday it has appointed Nonkululeko Nyembezi as the chairman designate of the company’s board. Nyembezi will also be the chairman designate of The Standard Bank of South Africa Ltd’s board, the lender said, adding that she will take over the roles from …
(Reuters) – The Algerian cabinet has authorised the national airline, Air Algerie, to purchase 15 new aircraft to open new routes to African and Asian destinations, Algerian State TV said on Sunday citing a cabinet statement. (Reporting by Moaz Abd-Alaziz; Editing by Kirsten Donovan)
JOHANNESBURG (Reuters) -The South African rand fell on Monday, as the U.S. dollar climbed to a two-decade high and as struggling utility Eskom resumed scheduled power cuts. At 1520 GMT, the rand traded at 16.2350 against the dollar, 1.4% weaker than its previous close. The latest leg of the dollar’s rise began after the Federal …
South African rand falls as strong dollar, power cuts weigh Read More »
By Promit Mukherjee and Jennifer Rigby JOHANNESBURG/LONDON (Reuters) -The World Health Organization (WHO) and its COVID-19 vaccine partner Gavi have no immediate plans to buy shots made by Aspen Pharmacare, the two bodies said, dealing a blow to Africa’s efforts to develop its own vaccine production capacity. Aspen completed a deal in March to package, …
WHO, Gavi not planning COVID vaccine buys from S.Africa’s Aspen Read More »
JOHANNESBURG (Reuters) – South African state power utility Eskom said on Monday that it would implement ‘Stage 2’ scheduled power cuts from 17:00 local time (1500 GMT) to 22:00 as the power system is severely constrained. (Reporting by Alexander Winning; Editing by James Macharia Chege)
(Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory loans, the country’s business chamber said on Monday. “Surely, this is not an ideal measure to control the growth in broad money supply,” the Zimbabwe …
Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber Read More »
JOHANNESBURG (Reuters) – Johannesburg’s O.R. Tambo International Airport — one of the busiest airports in Africa — is operating on 3.5 days’ worth of jet fuel stock amid an ongoing shortage, Airports Company South Africa Chief Executive Mpumi Mpofu said on Monday. (Reporting by Nqobile Dludla; Writing by Alexander Winning)
