(Reuters) – Mozambique’s largest port, Maputo, reported a 1% decline in volumes in 2024 mainly due to post-election protests that forced border closures and road blockages, the port operator said on Tuesday. The southeast African country was rocked by opposition protests after a disputed Oct. 9 vote won by Daniel Chapo and his Frelimo party, …
Mozambique’s Maputo port volumes dip after post-election unrest Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana has delayed the delivery of 370,000 metric tons of cocoa in the 2023/24 season due to poor output, its food and agribusiness minister-designate told a parliamentary committee Monday, up from the 350,000 tons previously reported by Reuters. The unprecedented move to delay delivery from the previous 2023/24 …
Ghana delayed delivery of 370,000 t of cocoa in the 2023/24 season, official says Read More »
ABUJA (Reuters) -Nigeria’s telecoms regulator will approve a 50% increase in current tariffs following a request from telecommunications operators, in line with rising costs in Africa’s most populous nation, it said on Monday. Telecoms operators had requested a 100% tariff increase but the Nigerian Communications Commission (NCC) said it reached its decision taking into account …
Nigeria’s telecoms regulator agrees to tariff hike by operators Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled lower on Monday after U.S. President Donald Trump was sworn in for a second time, and said he would immediately declare a national energy emergency, promising to fill up strategic reserves and export American energy all over the world. Brent crude futures closed down by 64 cents, …
Oil dips as market awaits Trump’s executive orders on energy Read More »
By Sonia Rolley (Reuters) – An investigating magistrate has been appointed in Belgium after Democratic Republic of the Congo in December filed criminal complaints accusing Apple subsidiaries of using so-called conflict minerals in their supply chain, a lawyer for Congo said Monday. “I can confirm that the Belgian investigating judge has been appointed,” said Leo …
Investigating magistrate appointed in Belgium in Congo conflict minerals case Read More »
ABUJA (Reuters) -Nigeria plans to rebase its gross domestic product and inflation data by the end of the month to capture changes in certain sectors of the economy and to reflect current consumption patterns, its statistics office said on Monday. The National Bureau of Statistics said some sectors of Nigeria’s economy have experienced significant growth …
Nigeria to rebase GDP and inflation data by month-end, stats office says Read More »
HARARE (Reuters) – Zimbabwe’s state-owned Kuvimba Mining House expects to finalise this month a deal agreed with two Chinese companies as it sticks with its $270 million lithium project on the basis lithium prices will recover, its CEO said on Monday. Analysts expect robust sales of electric vehicles (EV) in China and the mothballing of …
Zimbabwe anticipates lithium prices to justify $270 million project with China Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow by 4.0% in the year to the end of June as IMF measures continue to help improve its economic environment, a Reuters poll showed on Monday. The median forecast in the Jan. 9-20 poll of 19 economists predicted gross domestic product (GDP) growth would then …
Egypt’s economy expected to grow by 4% on IMF reforms: Reuters poll Read More »
By Brad Haynes DAVOS, Switzerland (Reuters) -South Africa is focusing on implementing growth-enhancing reforms not regaining its investment-grade credit rating, which could take two years or more, its finance minister said on Monday. The three big credit ratings agencies have South Africa in sub-investment grade, or “junk”, status. S&P Global raised the outlook on the …
South Africa’s focus on reforms not ratings, minister says at Davos Read More »
NAIROBI (Reuters) – Kenya will stop issuing a one-year Treasury bill as part of a strategy to help reduce the amount of short-term debt and will instead favour longer dated maturities, according to the National Treasury. The east African country will now only be issuing two Treasury bills notes, the 91-, and 182-day instruments. “The …
