Reuters Africa Business

JOHANNESBURG (Reuters) – South African private sector activity rose slightly in January as the Omicron wave of COVID-19 cases receded, lifting demand and stabilising new business, a survey showed on Thursday. IHS Markit’s Purchasing Managers’ Index (PMI) rose to 50.9 in January from 48.4 in December, slightly back above the 50 neutral mark into expansionary …

S.African business activity grew in Jan as COVID-19 cases receded -PMI Read More »

NAIROBI (Reuters) – Kenya’s private sector activity shrank in January, hit by falling consumer spending and increased input prices, a survey showed on Thursday. The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) fell to 47.6 in January from 53.7 a month earlier. The 50.0 mark separates growth from a contraction in activity. “Lower client …

Kenya private sector activity falls in January – PMI Read More »

(Refiles to add link to Newsmaker about Saied) By Tarek Amara and Angus McDowall TUNIS (Reuters) – President Kais Saied says he will remake Tunisian politics in 2022 with a new constitution and parliament after seizing executive power last year in a move his foes call a coup – but the threat of national bankruptcy …

Economic pain threatens social and political chaos in Tunisia Read More »

LAGOS (Reuters) – Nigeria has approached Standard Chartered Bank for funding of two rail projects, its Transport Minister Rotimi Amaechi said on Wednesday, after delays from Chinese lenders. President Muhammadu Buhari has made upgrading transport networks and improving outdated power grids the pillar of his administration, with a view to boosting agriculture and other non-oil …

Nigeria eyes Standard Chartered rail project loan after Chinese hold up Read More »