JOHANNESBURG (Reuters) – South Africa’s producer inflation was at 0.7% year on year in December versus -0.1% in November, statistics agency data showed on Thursday. The Producer Price Index was at 0.2% in month-on-month terms in December, Statistics South Africa said. (Reporting by Bhargav Acharya and Sfundo Parakozov; Editing by Alexander Winning)
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar was firmer against major currencies on Wednesday after the Federal Reserve left interest rates unchanged as widely expected but gave scant clues about further reductions in borrowing costs this year. Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% …
US dollar firms against peers after Fed holds rates steady Read More »
By Shariq Khan (Reuters) -Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in the world’s top petroleum producer and consumer rose more than expected last week. Brent crude futures settled down 91 cents, or 1.2%, at $76.58 a barrel. U.S. crude futures fell …
Oil prices settle down as US stockpile grows, tariffs still in focus Read More »
By Duncan Miriri DAR ES SALAAM (Reuters) – The African Development Bank’s regional refinancing facility for hard-pressed African nations with maturing international bonds will be activated soon, the AfDB’s president said on Wednesday, after heads of state grant their approval in two weeks. The creation of the facility, known as The African Financial Stability Mechanism, …
AfDB’s head sees regional refinancing facility operational soon Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was unchanged on Wednesday ahead of an interest rate decision by the U.S. Federal Reserve. At 1406 GMT, the rand traded at its Tuesday closing level of 18.68 against the U.S. dollar. The dollar last traded about 0.3% firmer against a basket of currencies. The Fed will conclude its two-day …
South African rand flat ahead of US rate decision Read More »
WINDHOEK (Reuters) – Namibia’s unemployment rate rose to 36.9% in 2023 from 33.4% in 2018, the statistics office said on Wednesday. The country of about three million people has one of the highest official unemployment levels in the world, having overtaken neighbouring South Africa whose unemployment rate fell to 32.1% in the third quarter of …
ACCRA (Reuters) – Ghana has signed a memorandum of understanding with its official creditors that formalises a debt restructuring agreed last year, its finance ministry said on Wednesday. The signing of the document is the latest milestone in the West African gold and cocoa producer’s long-running debt restructuring saga, after it defaulted on most of …
Ghana signs official creditor memorandum, formalising debt restructuring Read More »
NAIROBI (Reuters) – The Kenyan shilling was unchanged against the dollar on Wednesday, according to data from the London Stock Exchange Group. As of 1002 GMT, the shilling was trading at 129.00/129.50 per dollar, the same as Tuesday’s close. (Reporting by Hereward Holland; Editing by George Obuluysa)
KAMPALA (Reuters) – The Ugandan shilling traded flat against the dollar on Wednesday, with some inflows of hard currency from Non-Governmental Organisations (NGOs) providing support, traders said. At 0918 GMT commercial banks quoted the shilling at 3,685/3,695, same level as Tuesday’s close. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
By Ope Adetayo LAGOS (Reuters) – The Economic Community of West Africa States (ECOWAS) on Wednesday announced the formal exit of junta-led Mali, Burkina Faso and Niger from the bloc following their withdrawal last year. West Africa has been rocked by a spate of coups that has countries in the 15-member body under military rule …
West Africa bloc announces formal exit of three junta-led states Read More »
