Reuters Africa Business

Ivory Coast’s Ouattara names central banker as his vice president

19 Apr 2022

By Loucoumane Coulibaly and Nellie Peyton YAMOUSSOUKRO (Reuters) -Ivory Coast President Alassane Ouattara has named Tiemoko Meyliet Kone, governor of the West African central bank, as his vice president in a possible clue to his succession plans. The 80-year-old leader made the announcement during an address to parliament, days after Prime Minister Patrick Achi and …

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South Africa’s Eskom escalates power cuts as more coal units trip

19 Apr 2022

(Reuters) -South Africa’s Eskom said on Tuesday that it had ramped up scheduled power cuts following failures at two of its coal-fired power stations, Majuba and Tutuka. The power cuts have been increased to “Stage 4,” which require up to 4,000 megawatts (MW) to be shed from the national grid, compared with the Stage 2 …

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Morocco sees spending on subsidies surging to $3.2 billion

18 Apr 2022

RABAT (Reuters) -Morocco expects spending on subsidies of soft wheat, cooking gas and sugar to rise to 32 billion dirhams ($3.2) from 21 billion dirhams last year, due to a surge in international prices, the prime minister told parliament on Monday. The government earmarked 17 billion dirhams for subsidies in the budget, and the shortfall …

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S.Africa’s Eskom to implement power cuts to replenish emergency reserves

17 Apr 2022

JOHANNESBURG (Reuters) – South African state power utility Eskom said on Sunday that it would implement “Stage 2” scheduled power cuts from 16:00 local time (1400 GMT) until 0300 GMT on Wednesday to replenish its emergency generation reserves. Eskom added in a statement that the power system remained unpredictable and that any further deterioration in …

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Exports suspended from Libya’s Zueitina oil port after protesters enter port- engineers

17 Apr 2022

(Reuters) – Exports from Libya’s Zueitina oil port were suspended after protesters got into the port on Sunday morning, two oil engineers at the port told Reuters. A tanker was prevented from loading one million barrels at the oil port, the engineers added. (Reporting by Ayman al-Werfalli, Writing by Nayera Abdallah; Editing by Toby Chopra)

Egypt’s unemployment rate at 7.4% in 2021

16 Apr 2022

CAIRO (Reuters) – Egypt’s unemployment rate reached 7.4% in the year 2021 with a decrease of 0.5% from 2020 , the state’s statistics agency CAPMAS said on Saturday. (Reporting by Ahmed Ismail; writing by Yomna Ehab)

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