NAIROBI (Reuters) – The Kenyan shilling was stable against the dollar on Friday due to hard currency inflows from horticulture exports balancing out demand from merchandise importers, 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 0824 […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand eased early on Friday as the dollar, which has been a safe haven amid global uncertainty over trade, touched 112.775 against the yen, its highest level in six months, boosted by expectations of higher U.S. inflation. South African Rand coins are seen in this photo illustration taken September 9, […]
Read More JOHANNESBURG (Reuters) – Heavy exposure to a handful of borrowers has endangered the banking sector in regional financial hub Ivory Coast and reducing that risk will be a slow process despite reforms, a senior analyst with rating agency Moody’s said on Thursday. A motorcyclist rides past the Ecobank headquarters in Lome, Togo, June 6, 2015. […]
Read More LUSAKA (Reuters) – Zambia collected 26 percent more tax in the first half of this year compared with the same period a year ago, easing some pressure on the financially-strained copper producer, the revenue collection agency said on Thursday. A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu/File Photo Zambia […]
Read More JOHANNESBURG (Reuters) – South Africa’s manufacturing output rose again in May after a disappointing first quarter as production of motor vehicles and durable consumer goods increased, offering hope the economy will avoid slipping into recession. A worker walks near a row of cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, September 11, 2009. REUTERS/Siphiwe […]
Read More TUNIS (Reuters) – Tunisia’s tourism revenues grew by 40 percent in the first half of 2018 compared to the same period last year, the government said Thursday, driven by a strong return of European tourists three years after they were targetted in militant attacks. Tourists relax on a beach on the island of Djerba, Tunisia, […]
Read More JOHANNESBURG (Reuters) – South Africa’s manufacturing output expanded by 2.3 percent year-on-year in May, following a revised 1 percent expansion in April, the statistics agency said on Thursday. A worker walks near a row of cars at Nissan’s manufacturing plant in Rosslyn, outside Pretoria, September 11, 2009. REUTERS/Siphiwe Sibeko/File Photo Statistics South Africa said factory […]
Read More JOHANNESBURG (Reuters) – South African insurer Old Mutual has appointed Deloitte as joint auditor alongside scandal-hit KPMG, it said on Thursday, an unusual move reflecting what it said were unresolved challenges related to its sole auditor for nearly two decades. Workers clean windows outside the Cape Town headquarters of Anglo-South African financial services company Old […]
Read More DUBAI (Reuters) – DP World threatened legal action against Djibouti after the government of the Horn of Africa nation ended a contract this year with the Dubai-owned firm for running a port facility, the company’s spokesman said on Thursday. Cranes and a container ship are seen on the docks of DP World at Southampton Docks […]
Read More JOHANNESBURG (Reuters) – South Africa’s total mining output fell 2.6 percent year-on-year in May, the country’s statistics agency said on Thursday. Gold bars are displayed at South Africa’s Rand Refinery in Germiston May 30, 2006. REUTERS/Siphiwe Sibeko/File Photo Below is the breakdown of the main minerals. Year-on-year output percentage changes: May April Gold -16.2 -5.8 […]
Read More LUSAKA (Reuters) – Zambia’s tax collection agency collected 23.2 billion kwacha ($2.4 billion)in the first half 2018, up 6.4 percent above target, it said on Thursday, A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu/File Photo Zambia Revenue Authority (ZRA) said in a statement the performance was largely attributed to […]
Read More NAIROBI (Reuters) – The Kenyan shilling was steady against the dollar on Thursday and was expected to gain ground due to inflows from horticulture exports and remittances, 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 […]
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