Algeria ends 2016 with $114 bln of foreign reserves – PM
By Lamine Chikhi ALGIERS (Reuters) – Algeria will end 2016 with $114 billion of foreign reserves, but its oil and gas earnings will drop to Read more
By Lamine Chikhi ALGIERS (Reuters) – Algeria will end 2016 with $114 billion of foreign reserves, but its oil and gas earnings will drop to Read more
JOHANNESBURG (Reuters) – South Africa’s trade deficit narrowed to 1.09 billion rand ($79.8 million) in November, from a revised 3.91 billion rand shortfall in October, Read more
NAIROBI (Reuters) – Kenya’s inflation rate fell to 6.35 percent year-on-year in December from 6.68 pct year-on-year in November, the statistics office said on Thursday. Read more
ABUJA (Reuters) – A West African bloc called on Nigeria and other countries to undergo “necessary structural reforms” to improve their economies, as a collapse Read more
By Aaron Ross MONGBWALU, Democratic Republic of Congo (Reuters) – When Guy Robert Lukama looked out at thousands of illegal gold diggers hacking away at Read more
JOHANNESBURG (Reuters) – South Africa’s rand stumbled as much as 1.5 percent against the dollar on Thursday, reaching its weakest in nearly three weeks in Read more
By Tom Gardner ADDIS ABABA (Thomson Reuters Foundation) – As many as 3.5 million people in Africa were uprooted from their homes in 2015 due Read more
JOHANNESBURG (Reuters) – South Africa’s rand weakened against the dollar early on Friday, extending losses from the previous session after weak domestic economic data and Read more
By MacDonald Dzirutwe HARARE (Reuters) – Zimbabwe’s economy has stagnated this year while its budget deficit has exploded, the government said on Thursday, adding to Read more
By Duncan Miriri KIGALI Dec 2 (Reuters) – African exchanges should seek the elimination of capital gains tax on their securities and roll out new Read more
By Khalid Abdel Aziz KHARTOUM (Reuters) – Mohamed Yassin’s minimarket occupies a prime spot in Khartoum but its shelves are largely empty as a plummeting Read more
JOHANNESBURG (Reuters) – South Africa’s rand weakened on Thursday as the dollar regained recent losses on improved economic data, while stocks kicked off the last Read more
LAGOS (Reuters) – Nigeria’s United Bank for Africa (UBA) has secured a $150 million loan deal with the African Development Bank (AfDB) to support infrastructure Read more
By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank hopes mid-size lender Chase Bank will be brought back out of receivership sometime during the first Read more
GABORONE (Reuters) – Botswana’s Debswana, the world’s biggest diamond producer by sales value, is on track to produce its first diamonds from the expanded Jwaneng Read more
PRETORIA (Reuters) – South Africa’s tax revenue increased by 83.7 billion rand ($6 billion)to over a trillion rand, the tax collection agency said on Tuesday, Read more
By Mark Tay SINGAPORE (Reuters) – Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and Glencore will be the biggest Read more
By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank held its benchmark lending rate at 10.0 percent on Monday, as expected, and said it expected Read more
By Nqobile Dludla JOHANNESBURG (Reuters) – MTN Group, Africa’s biggest mobile phone company, is planning to expand in Iran, from where it has only just Read more
By MacDonald Dzirutwe HARARE (Reuters) – Zimbabwe launched a “bond notes” currency which held its value against the U.S. dollar on Monday, despite warnings that Read more
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. – – – – Read more
By Vuyani Ndaba JOHANNESBURG (Reuters) – Kenya is expected to keep interest rates stable on Nov. 28 ahead of an expected rate rise in the Read more
JOHANNESBURG (Reuters) – Ratings agency Fitch affirmed South Africa’s investment grade credit rating at one notch above sub-investment on Friday but changed the outlook to Read more
ABIDJAN (Reuters) – West Africa-focused oil and gas company African Petroleum is pulling out of its two Liberian offshore prospecting licences after it failed to Read more
By Mfuneko Toyana JOHANNESBURG (Reuters) – Yield-hungry investors look set to boost demand for South African bonds despite the threat of ratings downgrades to “junk”, Read more
PRETORIA (Reuters) – South Africa’s unemployment rose to its highest in 13 years in the third quarter, with manufacturing, mining and agriculture sectors all shedding Read more
MAPUTO (Reuters) – Mozambique’s economic growth quickened to 3.7 percent in the third quarter of 2016 compared to a revised 3.4 percent in the second Read more
LILONGWE (Reuters) – Malawi’s consumer inflation slowed to 20.1 percent year-on-year in October from 21.2 percent in September, the statistics office said on Friday. (Writing Read more
By Joe Bavier ABIDJAN (Reuters) – Ivory Coast, the world’s leading producer of cashew nuts, has added bonus payments to existing tax breaks to drive Read more
CAIRO (Reuters) – Egypt’s central bank kept its key interest rates unchanged on Thursday in a meeting of its Monetary Policy Committee, it said in Read more
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