NAIROBI (Reuters) – The Kenyan shilling gained against the dollar on Tuesday supported by inflows from offshore investors and a few banks selling dollars, traders said. A teller counts Kenya shilling notes inside the cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya At 0720 GMT, commercial banks […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand traded slightly weaker early on Tuesday ahead of manufacturing and economic growth figures poised to reveal if last year’s recovery has been sustained. South African Rand coins are seen in this photo illustration taken September 9, 2015. REUTERS/Mike Hutchings/File Photo At 0640 GMT the rand was 0.14 percent weaker […]
Read More JOHANNESBURG, June 5 (Reuters) – South African private-sector activity was at a standstill in May, with an increase in new orders and rising employment offset by a contraction in output, a survey showed on Tuesday. The logo of South Africa’s Standard Bank is seen above the company’s headquarters in Cape Town, South Africa May 6, […]
Read More ALGIERS (Reuters) – Algeria has hired U.S. law firm Curtis, Mallet-Prevost, Colt & Mosle LLP and other consultancies to help with a new energy law aimed at attracting much-needed investment, the CEO of state energy firm Sonatrach said on Monday. the logo of The state energy company Sonatrach is pictured at the headquarters in Algiers, […]
Read More NAIROBI (Reuters) – Kenya Airways is close to winning approval to run the country’s main airport in Nairobi, looking to copy a model that has enabled rivals to overtake it, its chairman said on Monday. Kenya Airways Boeing 737-800 planes are seen parked at the Jomo Kenyatta International airport near Kenya’s capital Nairobi, April 28, […]
Read More ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast reached 1.713 million tonnes between Oct. 1 and June 3, exporters estimated on Monday, down about 2.2 percent from 1.753 million tonnes in the same period last season. Workers fill sacks with cocoa beans in Kahin village at the edge of Scio forest […]
Read More CAIRO (Reuters) – Egypt’s net foreign reserves rose to $44.14 billion at the end of May from $44.030 billion at the end of April, the central bank said on Monday. The headquarters of Egypt’s Central Bank are seen in downtown Cairo, Egypt January 11, 2018. Picture taken January 11, 2018. REUTERS/Mohamed Abd El Ghany Egypt’s […]
Read More MOSCOW (Reuters) – Egypt has approved a Russian wheat cargo, which was halted by Cairo last week, after a second test showed it did not contain high levels of the grain fungus ergot, Russia’s state Grain Quality Service said on Monday. A farmer displays wheat grains at a field in the Beheira Governorate, Egypt May […]
Read More ALGIERS (Reuters) – An oil price between $70 and $75 a barrel is “fair” for producers and consumers but geopolitics will leave the market volatile, the CEO of Algerian state energy firm Sonatrach said on Monday. Abdelmoumen Ould Kaddour, Chief Executive of Algerian state energy firm Sonatrach, looks on during the launch of new gas […]
Read More VIENNA (Reuters) – Credit insurers have decided to withdraw insurance cover for South African retailer Steinhoff International’s loans, Steinhoff’s Austrian subsidiary Kika/Leiner said on Monday. A Mattress Firm store, a brand owned by Steinhoff, is shown in Encinitas, California, U.S., January 25, 2018. REUTERS/Mike Blake/File Photo “The loss of the credit insurance is a result […]
Read More NAIROBI (Reuters) – The Kenyan shilling was firm against the dollar on Monday supported by increased dollar liquidity from offhsore investors meeting importer demand, traders said. Kenya shilling coins and notes are pictured inside a cashier’s booth at a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya At 0830 GMT, commercial […]
Read More NAIROBI (Reuters) – Kenya has launched a pilot scheme to export crude oil via Mombasa as part of efforts to capitalise on the country’s oil reserves. Kenya’s President Uhuru Kenyatta addresses the residents before launching a pilot scheme to export crude oil in Turkana region, Kenya June 3, 2018. Presidential Press Service/Handout via REUTERS The […]
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