By Promit Mukherjee JOHANNESBURG (Reuters) -South African pharmaceutical firm Adcock Ingram plans to launch a range of new products in the next six months to boost revenues and profits, its CEO said, after the company announced a 30% rise in profit for the six months ended Dec. 31. Its headline earnings per share, the main …
Drugmaker Adcock’s half year profit rises 30%, eyes new product launches Read More »
ABUJA (Reuters) – Nigeria’s Union Bank, which is in the process of being taken over by newly established rival Titan Trust Bank, plans to sell its British subsidiary to existing investors, it said on Tuesday. The mid-tier lender said it will seek a shareholder vote on March 29 for the sale and to appoint advisers …
JOHANNESBURG (Reuters) -The South African rand and stocks strengthened on Tuesday, as investors hoped that a war in Ukraine could be averted despite Russia’s deployment of troops to two breakaway regions in eastern Ukraine. The threat of a conflict on Europe’s eastern flank had flared on Monday, shaking global markets. [GLOB/MKTS] But investors were soothed …
South African rand and stocks gain on hopes Ukraine war can be averted Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa-based gold miner AngloGold Ashanti has begun a complete review of its assets, its CEO said on Tuesday, in a bid to bridge the gap in performance of its mines compared with rivals. The miner, with operations across Africa, Australia and Latin America, reported a 38.66% drop in profit …
AngloGold starts asset review to close performance gap with rivals Read More »
By Maha El Dahan and Andrew Mills DOHA (Reuters) -There is no need for OPEC+ to expand its oil production increases, Nigeria’s petroleum minister said on Tuesday, even as oil nears $100 a barrel, as a potential deal between Iran and world powers will increase supplies. “We don’t have do anything extraordinary this time because …
No need for extra OPEC+ supplies amid Iran talks, Nigeria says Read More »
By Chris Mfula LUSAKA (Reuters) – The used tyres and plastic containers that litter the back streets of cities and towns in Zambia might be an eyesore, but for one company they are also an opportunity to make fuel that could slash the nation’s energy import bill while cleaning up its trash. The project by …
Zambia firm starts producing fuel from used tyres, plastic Read More »
DUBAI (Reuters) – Sudan’s gold exports exceeded $1.7 billion for the first time in 2021, Sky News Arabia reported on Tuesday citing the country’s mineral resources minister. Gold exports accounted for 40% of all exports last year, the minister said, adding the country expects a record jump in gold production this year with new investors …
Sudan’s 2021 gold exports exceeded $1.7 billion – Sky News Arabia Read More »
RABAT, (Reuters) – Morocco’s consumer price index rose by 3.1% year-on-year in January, the high commission for planning said on Tuesday. Food prices were up 4.3%, while non-food inflation increased by 2.3%. On a month-on-month basis the index was almost flat, rising by 0.1%. Core CPI, which excludes prices of volatile goods, rose 0.3% on …
Morocco’s annual CPI rises 3.1% in January -planning agency Read More »
NAIROBI (Reuters) – Kenya’s earnings from exports of cut flowers, fruits and vegetables rose 5% in 2021 from the previous year, data from the statistics office showed. Horticulture is a major source of foreign exchange for Kenya alongside tea, tourism and remittances. The Kenya National Bureau of Statistics said in its latest economic indicators released …
Kenya horticulture export earnings up 5% yr/yr in 2021 – stats office Read More »
JOHANNESBURG (Reuters) -The South African rand was relatively steady on Monday despite global markets being shaken by increased worries that Russia will invade Ukraine. At 1508 GMT, the rand traded at 15.1200 against the dollar, within touching distance of its 15.1225 closing level on Friday. The rand has been resilient in the past few weeks …
South African rand steady despite concern Russia may invade Ukraine Read More »
