JOHANNESBURG (Reuters) – South Africa’s manufacturing output dipped 0.1% year on year in December, after also falling by a revised 0.1% in November, the statistics agency said on Thursday. Factory production was up 2.3% month on month in December and rose 2.5% in the three months to the end of December compared with the previous …
South African manufacturing output dips 0.1% y/y in December Read More »
CAIRO (Reuters) – The International Monetary Fund (IMF) expects Morocco’s GDP to grow at around 3% over the next few years, the fund said in a statement on Wednesday. The fund said, after it concluded an assessment, it predicts Morocco’s economy will rebound from the 2020 recession. The IMF added that Morocco’s fiscal policy should …
Morocco’s GDP to grow at around 3% over the next few years -IMF statement Read More »
By Julia Payne LONDON (Reuters) -Nigerian fuel retailer MRS Oil Nigeria said on Wednesday gasoline it had received from Litasco, the Swiss trading arm of Russia’s Lukoil, was unusable. The west African country faces fuel shortages after gasoline was delivered with too high a content of methanol. Methanol is a regular additive to gasoline in …
Nigerian retailer says Litasco delivered unusable fuel Read More »
JOHANNESBURG (Reuters) -The South African rand was flat on Wednesday as investors maintained a cautious stance ahead of economic data releases and a presidential address to the parliament this week, while stocks rose. At 1450 GMT, the rand traded at 15.3525 against the dollar, not far from its previous close of 15.3500. South Africa’s December …
South African rand flat ahead of key economic data Read More »
RABAT (Reuters) – The European Union will invest 1.6 billion euros in support of Morocco’s energy and digital transition efforts, the European Commission President Ursula von der Leyen said on Wednesday. “This is a great opportunity for green and digital transition,” Von der Leyen said on her Twitter account following talks in Rabat with Moroccan …
EU to invest 1.6 billion euros in Morocco over next five years Read More »
ACCRA (Reuters) -Ghana’s consumer price inflation accelerated to 13.9% year-on-year in January from 12.6% the previous month, far outside the government’s targeted band of 8% plus or minus 2%, the West African nation’s statistics service said on Wednesday. It marks the largest jump in eight months of steady price hikes, bringing inflation in Ghana to …
Ghana consumer price inflation jumps to 13.9% in January Read More »
DUBAI (Reuters) – Abu Dhabi’s Aldar Properties plans to spend at least 5 billion dirhams ($1.36 billion) this year acquiring assets in the retail and education that generate recurring revenues, its chief financial officer said on Wednesday. Aldar, who counts Abu Dhabi state fund Mubadala as a key investor, this month said it bought a …
Abu Dhabi’s Aldar plans to spend $1.36 billion on deals this year Read More »
ABUJA (Reuters) – Amid a sluggish construction market, Nigeria’s biggest builder Julius Berger plans to diversify into cashew nut processing to take advantage of strong foreign demand, it said on Tuesday. Julius Berger has built major roads and bridges in Africa’s biggest economy, but the construction market has yet to pick up strongly following two …
As construction struggles, Nigeria’s Julius Berger turns to cashews Read More »
LAGOS (Reuters) – Nigerian petroleum regulator said on Monday it had discovered petrol with methanol above national specifications in the supply chain and had moved to remove the affected product. The Nigerian Midstream and Downstream Petroleum Regulatory Authority said it had identified the source of the petrol and would be taking action, without providing details. …
Nigeria discovers petrol with higher methanol levels -petroleum regulator Read More »
By Julia Payne LONDON (Reuters) -Nigeria’s state oil firm, NNPC, has asked trading firms for emergency supplies of gasoline to replace cargoes that were rejected because of their poor quality, two sources with direct knowledge of the matter said. Megacity Lagos and the capital Abuja face fuel shortages, and over the weekend, queues built up …
Exclusive-Nigeria’s NNPC asks trading firms for emergency gasoline supplies Read More »
