Reuters Africa Business

JOHANNESBURG (Reuters) – South African manufacturing activity expanded at a faster pace in March compared to February, supported by stronger new sales orders, a survey showed on Friday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) rose to 60.0 points in March from 58.6 points in February, remaining above the 50-point mark that separates expansion from …

South Africa factory activity expands at faster pace in March- Absa PMI Read More »

CAPE TOWN (Reuters) -Eskom will defer replacement of steam generators at unit 2 of its Koeberg nuclear power station owing to concerns the work would exacerbate the country’s energy crunch, senior officials at the state-owned power utility said on Friday. Unit 2 was taken offline in mid-January during scheduled refuelling and maintenance, when the three …

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MILAN (Reuters) – Italy will get an additional 2 billion cubic metres (bcm) of natural gas from Algeria each year at the same price it is now paying, the Algerian ambassador to Italy was quoted as saying on Friday. Algeria’s gas exports to Italy last year jumped 76% to 21 bcm to account for 28% …

Italy to get 2 bcm of additional gas per year from Algeria -newspaper Read More »

By Ange Aboa ABIDJAN (Reuters) – Ivory Coast will launch a pilot project in April to trace cocoa beans from farm to market, aiming to tackle issues such as deforestation and child labour, the head of the West African nation’s cocoa regulator said on Thursday. The new system will allow manufacturers and consumers to know …

Ivory Coast tests new cocoa traceability system to fight deforestation Read More »

JOHANNESBURG (Reuters) – SPAR Group distribution centres in Poland and Switzerland have removed all products manufactured and sourced from Russia and Belarus, the South African supermarket chain told Reuters on Thursday. “These products are few and not material in value. At this stage there has been no significant impact on the operations of the SPAR …

South African retailer SPAR says its Polish and Swiss distribution centres remove Russian, Belarusian products Read More »

NAIROBI (Reuters) – Kenyan private sector activity returned to growth in February, helped by manufacturing and agriculture after a drop in COVID-19 infection rates, a survey showed on Wednesday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 52.9 in February from 47.6 a month earlier. The 50.0 mark separates growth from a …

Kenya private sector activity expands in February – PMI Read More »

JOHANNESBURG (Reuters) – South African private sector activity expanded at a steady rate in February compared with January, supported by an uptick in output and new orders, a survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) stood at 50.9 in February, unchanged from January, remaining above the 50 neutral mark into expansionary territory. …

South African factory activity expansion steady in February – PMI Read More »