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27/09 As heavy rains persisted across
Ivory Coast's cocoa-growing regions last week, farmers polled by
Reuters were divided on whether moisture levels would help the
October-to-March main crop or nurture a crop-killing fungal
disease.. . .
27/09 Ghana’s central bank on Monday
kept its main interest rate unchanged at 13.5% with concerns
over rising inflation balanced out by optimistic Covid-19
recovery forecasts, Governor Ernest Addison said in a statement.. . .
23/09 Botswana government estimates
that its economy will grow at a rate of 4.3% in 2022, according
to a budget strategy document published on Thursday, as the
country emerges from the pandemic and reaps benefits. . .
22/09 The Nigerian government expects
the country to produce 1.88 million barrels per day of crude oil
in 2022 and will use a benchmark oil price of $57 per barrel for
its budget planning, according. . .
22/09 Described by those who know him
as set in his opinions and trusting of only a tight circle, a
former constitutional law professor now holds the future of
Tunisia's young democracy in his formally. . .
22/09 Ethiopia's creditors'
committee held its first meeting on Sept. 16, the state minister
of finance said on Wednesday, a key step in a bid to restructure
its debts under the joint G20's common framework.. . .
22/09 The global cocoa supply
balance is seen shifting from a surplus of 250,000 tonnes in
2020/21 to a deficit of 125,000 tonnes in 2021/22, due mainly to
an expected smaller production in Ghana, according. . .
20/09 Above average rains were
recorded in most of Ivory Coast's cocoa growing regions last
week, bolstering the potential for high-yield harvests ahead of
the marketing season if accompanied by occasional dry spells,
farmers said on. . .
19/09 Nigeria's President Muhammadu
Buhari said on Sunday he had appointed a board for state-oil
firm NNPC and directed that it should be incorporated within six
months, a move that could allow it to sell. . .
17/09 Angolan state oil giant Sonangol
registered a $4.1 billion net loss in 2020 as the COVID-19
pandemic hollowed out sales and the company struggles to lighten
its large debt with asset sales, according to. . .
17/09 Kenyan telecoms operator
Safaricom,, said on Friday it had submitted a proposal
to Kenya Power for the installation of a $300 million
smart meter system at the utility, confirming documents seen by
Reuters.. . .
16/09 Kenya's biggest telecoms
operator, Safaricom, is in talks with Kenya Power
to install a 31.7 billion shillings ($288 million)
smart metering system for the utility to slash power losses,
documents showed on Thursday.. . .
15/09 Libya's Hariga oil terminal
will immediately return to normal operations, the National Oil
Corporation (NOC) media office said on Wednesday, and the port
manager said protesters were withdrawing.. . .
13/09 Sudan exported goods worth
$2.53 billion in the first half of the year, up 68% from the
same period last year, the central bank said on Monday,
describing the amount as "insufficient" compared to. . .
13/09 Below average rains were
recorded last week in most of Ivory Coast's cocoa growing
regions but high soil moisture content from previous rains would
help the strong development of the October-to-March main crop,
farmers said. . .
09/09 Kenya's economic output
contracted for the first time in nearly three decades last year,
pummeled by the impact of the coronavirus crisis that hit key
sectors like tourism, official data showed on Thursday.. . .
08/09 Zimbabwe plans to sell its first
U.S. dollar-denominated bond on the recently launched Victoria
Falls Stock Exchange (VFX) before the end of the year to raise
up to $100 million, a person familiar with. . .
02/09 Billions of dollars in funding
aimed at developing the Niger Delta, Nigeria's volatile and
impoverished oil-producing region, have been lost over the past
two decades, the Nigerian government said on Thursday, citing a
new forensic. . .
01/09 Zambia's central bank left its
benchmark interest rate unchanged at 8.5% on Wednesday, and the
bank's governor said tougher fiscal discipline and concluding an
agreement on an IMF lending programme were critical for economic
stability.. . .
31/08 Kenya's year-on-year inflation
rate inched up to 6.57% in August from a revised
6.55% the previous month, the statistics office said on Tuesday.
(Reporting by Duncan Miriri
Editing by Mark Potter). . .
30/08 Plentiful rains last week in
most of Ivory Coast's cocoa growing regions will help produce a
large and good quality crop during the first three months of the
October-to-March harvest, farmers said on Monday.. . .
30/08 Botswana now expects economic
growth of 9.7% in 2021, compared with the 8.8% forecast in
February, helped by higher diamond sales and a recent rebasing
of GDP accounts, Finance Minister Peggy Serame told Reuters. . .
27/08 Zambia's newly-appointed finance
minister on Friday pledged to conclude talks with the IMF on a
lending programme by October, as he seeks to pull the southern
African country out of its protracted debt crisis.. . .
26/08 The Nigerian National Petroleum
Corporation (NNPC) has made a profit for the first time in its
44-year history, generating an income of 287 billion naira ($698
million) after tax in 2020, President Muhammadu Buhari. . .
26/08 Kenya Airways'
first-half pretax loss narrowed by 20% to 11.5 billion shillings
($104.83 million), it said on Thursday, as higher cargo volumes
and lower costs offset a drop in passenger numbers.. . .
26/08 Absa Bank Kenya's
first-half pretax profit surged to 7.95 billion shillings
($72.48 million) from 1.6 billion shillings a year earlier,
helped by rising in interest income and a drop in loan
impairments, it said on. . .
25/08 Dangote's oil refinery will buy at
least 300,000 barrels per day of Nigeria's crude production, the
state oil firm said on Wednesday, after the government granted
approval for a 20% equity purchase in the. . .
23/08 Another week of heavy rains in
Ivory Coast's cocoa growing regions has raised farmers'
expectations for a strong October-to-March main crop, with some
already anticipating a harvest as abundant as the previous
season.. . .
19/08 Ghana Cocoa Board expects
production in the 2020/21 season of 1.06 million tonnes, with
1.03 million tonnes already recorded and only six weeks of the
season left, CEO Joseph Boahen Aidoo said on Thursday.
(Reporting. . .
17/08 Nigeria's annual inflation dipped
for the fourth straight month in July to 17.38% thanks to a
slow-down in food price increases, the statistics office figures
showed on Tuesday, ahead of second quarter output data. . .
17/08 Kenya's Equity Group
said on Tuesday its pretax profit rose to 23.83 billion
shillings ($218.02 million)in first half 2021 from 11.98
billion shillings in the same period last year, due to higher
interest income. . .
16/08 Zambian President Edgar Lungu
conceded defeat on Monday, after a landslide election win by
opposition leader Hakainde Hichilema, who will face the
challenge of reviving an economy in turmoil.. . .
14/08 Zambian President Edgar Lungu,
trailing after early results, said on Saturday the presidential
and parliamentary election was "not free and fair" after
incidents of violence in three provinces.. . .
10/08 His company may have been
operating for 61 years, but that counts for nothing when Second
Muguyo, finance manager at Zimbabwean copper and silver goods
manufacturer Copperwares, tries to access overseas credit.. . .
09/08 An uncommonly cold week across
Ivory Coast's cocoa-growing regions has tempered hopes for a
strong start to the upcoming main crop, which is due to begin in
October as the rainy season draws to. . .
06/08 Nigeria's Wema Bank is
seeking opportunities to acquire a fintech firm to boost its
customer base and transactions or a merger with another
commercial bank, Deputy Chief Executive Moruf Oseni said on
Friday.. . .
05/08 Kenya's economy is expected to
grow by 6.6% in 2022, unchanged from this year's projection, the
finance ministry said, with the main risks being the COVID-19
pandemic and political activity ahead of an August. . .
02/08 Cocoa farmers in top grower Ivory
Coast said on Monday that additional moisture would be needed
for the April-to-September mid-crop to reach its maximum
potential, following a week of lacklustre rainfall.. . .
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