JOHANNESBURG (Reuters) – South African retail sales rose 4.8 percent year-on-year in March after increasing by a revised 4.2 percent in February, data from the statistics office showed on Wednesday. Shoppers push trolleys at an upmarket shopping mall in Sandton, Johannesburg, in this September 23, 2015 file photo. REUTERS/Mike Hutchings On a month-on-month basis, sales […]
Read More CONAKRY (Reuters) – Operations at Societe Miniere de Boke’s bauxite mine in Guinea have restarted following a nearly two-week strike that caused a halt in production of the aluminium ore, the company’s managing director said on Wednesday. The company – owned by Guinea, China’s Winning Shipping Ltd, Shandong Weiqiao and UMS International Ltd – said […]
Read More (Reuters) – Tunisia’s central bank said on Wednesday it kept its key interest rate unchanged at 5.75 percent. People walk out of the Central Bank in Tunis, Tunisia, October 4, 2017. REUTERS/Zoubeir Souissi In March, the central bank raised the rate to 5.75 percent from 5.00 percent to tackle the inflation that had hit record […]
Read More LONDON (Reuters) – Angola’s preliminary export plan for July includes at least 48 cargoes, compared with June’s final 43 cargoes, according to a loading programme on Wednesday. Cars are seen infront of the head office of Angola’s state oil company Sonangol in the capital Luanda, Angola. June 7,2016. REUTERS/Ed Cropley The preliminary schedule is issued […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand firmed more than 1 percent on Wednesday in a broad emerging market rally, driven largely by a recovery in the Turkish lira after the country’s central bank said it would take action to stem a selloff in the currency. South African Rand coins are seen in this photo illustration […]
Read More DAR ES SALAAM (Reuters) – Tanzania’s central bank said on Wednesday it has approved the merger of two small state banks, Twiga Bancorp and TPB Bank PLC, as part of a plan to improve financial stability and reduce the number of state-run lenders. Tanzania’s President elect John Pombe Magufuli addresses members of the ruling Chama […]
Read More LONDON (Reuters) – South African mining firm Tharisa has bought a 90 percent stake in Salene Chrome Zimbabwe Limited, it said on Wednesday, gaining access to rich chrome deposits and growing its presence in Zimbabwe. Tharisa previously announced an interest to move into Zimbabwe’s Great Dyke region, which is considered to have chrome and platinum […]
Read More JOHANNESBURG (Reuters) – South Africa’s Reserve Bank will keep interest rates unchanged next week as an anticipated quicker rise in consumer prices over the coming months won’t drive inflation above target, a Reuters poll showed Wednesday. South African Reserve Bank Governor Lesetja Kganyago speaks at IMFC press conference during the IMF/World Bank spring meeting in […]
Read More KAMPALA (Reuters) – Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company’s chief executive said on Wednesday. A contractor looks at the camera as others rest at the construction […]
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