CAIRO, Dec 10 (Reuters) – Egypt’s annual urban consumer inflation edged lower to 12.3% in November after a month-on-month drop in food prices, statistics agency CAPMAS said on Wednesday, with inflation coming in lower than analyst expectations. The median forecast in a poll of 14 analysts had been for inflation to climb to 13.1%. The …
DUBAI, Dec 10 (Reuters) – Egypt’s core inflation rose to 12.5% on an annual basis in November from 12.1% in October, the central bank said on Wednesday. (Reporting by Jana Choukeir; Editing by Andrew Heavens)
By Siyanda Mthethwa and Nqobile Dludla JOHANNESBURG, Dec 10 (Reuters) – South African fashion retailer Mr Price (MRPJ.J) has agreed to buy NKD Group, a German-based discount retailer, for up to 487 million euros ($568 million), marking its entry into the European market. Mr Price shares were down 12.3% at 1212 GMT as investors questioned …
South Africa’s Mr Price makes European debut through German value retailer deal Read More »
JOHANNESBURG, Dec 10 (Reuters) – South African state logistics group Transnet signed a 25-year deal with Philippines-headquartered terminal operator ICTSI on Wednesday to upgrade the African country’s busiest container terminal in Durban. The concession agreement is part of the government’s plans to address Transnet’s chronic underperformance, which has stifled exports from Africa’s biggest economy. Transnet …
South Africa’s Transnet signs deal with ICTSI to upgrade main container terminal Read More »
ACCRA, Dec 10 (Reuters) – Ghana’s economy expanded by 5.5% year-on-year in the third quarter of 2025, driven by an improvement in the agriculture and services sectors, the statistics agency said on Wednesday. However, growth slowed from a revised 7.0% in the same period last year, dragged down mostly by the industrial sector that expanded …
Ghana’s economy grew 5.5% in third quarter of 2025 Read More »
By Isaac Anyaogu LAGOS, Dec 10 (Reuters) – Nigeria’s Heirs Energies and state oil firm NNPC said on Wednesday they had signed agreements with five investors to capture and monetise gas that would otherwise be wasted through flaring, where the fuel is burned in the open. Nigeria holds Africa’s largest proven gas reserves and is …
Nigerian oil firms strike flare-gas deals to curb emissions, boost energy Read More »
JOHANNESBURG, Dec 10 (Reuters) – South African retail sales rose 2.9% year on year in October after rising by a revised 3.0% in September, Statistics South Africa figures showed on Wednesday. Seasonally-adjusted retail sales rose 0.9% month on month in October. (Reporting by Anathi Madubela;Editing by Alexander Winning)
NAIROBI, Dec 10 (Reuters) – Kenya’s central bank governor said on Wednesday that International Monetary Fund staff were expected visit the country in January to continue discussions with Kenyan authorities over a new support programme. “We continue to have discussions with the IMF on getting … a new funded programme. We do expect a staff …
Kenya expects more IMF programme talks during January staff visit Read More »
WINDHOEK, Dec 10 (Reuters) – Swakop Uranium, a subsidiary of state-owned China General Nuclear Power Group, has signed a joint venture deal with Namibia’s water utility, NamWater, to construct the country’s second desalination plant close to Swakopmund. The new plant, only the second of its type in one of Africa’s driest countries, will help bolster …
Chinese uranium miner to help build Namibia’s second desalination plant Read More »
By Gertrude Chavez-Dreyfuss NEW YORK, Dec 9 (Reuters) – The U.S. dollar advanced on Tuesday as better-than-expected job-market figures underscored a still resilient labor market ahead of the Federal Reserve’s anticipated rate cut, with policymakers likely to emphasize inflation risks that could constrain further easing moves. Markets are also bracing for several more central bank …
US dollar rises after jobs data; Fed cut expected but hawkish comments likely Read More »
