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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
By Nqobile Dludla JOHANNESBURG (Reuters) – Telkom SA, South Africa’s biggest fixed-line phone company, will pay its first ever interim dividend after reporting higher revenue Read more
WASHINGTON (Reuters) – The International Monetary Fund has removed remedial measures against Zimbabwe after the country settled its overdue financial obligation to the Fund’s Poverty Read more
By Ahmed Aboulenein and David Lawder CAIRO/WASHINGTON (Reuters) – Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed Read more
ACCRA (Reuters) – Ghana accepted 438 million cedis ($110 million) worth of bids for its first 10-year domestic bond issued on Thursday but the major Read more
By Arwa Gaballah and Lin Noueihed CAIRO (Reuters) – Many Egyptians expect the pound to fall further on Sunday when banks begin trading it freely Read more
JOHANNESBURG (Reuters) – South Africa’s rand touched 2-1/2 month high against the U.S. dollar on Wednesday after a court ordered the release of a report Read more
DAR ES SALAAM (Reuters) – Tanzania’s government has set an economic growth target of 7.5 percent in 2017, compared to an estimate of 7.2 percent Read more
KIGALI (Reuters) – The IMF said on Wednesday Rwanda’s economy was forecast to grow at 6.2 percent in 2017, slightly up from this year’s projection Read more
* Expansion into Nigeria, Botswana, Zambia and Brunei * Could enter at least one of the markets as early as 2017 * Linked to Africa’s Read more
CAPE TOWN (Reuters) – Talks to build an oil refinery in Uganda with a consortium led by Korea’s SK Engineering have collapsed but the East Read more
LUSAKA (Reuters) – Zambia’s economy should grow by 3 percent this year, largely unchanged from last year as electricity shortages and subdued private sector investment Read more
JOHANNESBURG (Reuters) – South African Airways (SAA) will become profitable by containing costs and reviewing flight routes, it said on Friday, as credit rating agencies Read more
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that a $12 billion loan program for Egypt should be ready for Read more
JOHANNESBURG (Reuters) – South Africa’s fiscal consolidation is largely on track, albeit at a slower pace and also hampered by uncertainty over structural reforms, ratings Read more
PRETORIA (Reuters) – South Africa’s current account deficit is “not nearly as bad” as when it was considered part of the so-called “fragile five”, International Read more
African exporters of oil and commodities should remove subsidies and boost taxes to weather their slowest growth in more than two decades, the International Monetary Read more
ACCRA (Reuters) – Ghana is revising its forecast for gross domestic product growth in 2017 to 7.0-7.4 percent from a previous forecast of above 8 Read more
By Tiisetso Motsoeneng and Camillus Eboh JOHANNESBURG/ABUJA (Reuters) – MTN Group’s next chief executive will take over three months early, the South African telecoms company Read more
Egypt is in the throes of a sugar crisis. Shelves in shopping malls are bare of the commodity and so serious is the crisis that Read more
* Passes one mln rides in Lagos after 2 years of activity * Says attracts insurers, mechanics, washers * Provides credit rating to drivers By Read more
By Matthew Mpoke Bigg ACCRA Oct 14 (Reuters) – Illegal miners operating at AngloGold Ashanti’s Obuasi mine in Ghana have ignored a government deadline to Read more
A Japanese technology firm with global recognition, Canon, has unveiled plans aimed at revolutionalising the Nigerian photography market. With a 41 per cent global market Read more
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