South Africa’s Rand Firms; Focus on Budget, Moody’s Review
25/10/2019At 0630 GMT, the rand traded at 14.6510 per dollar, 0.32% firmer than its New York close on Thursday. South Africa’s rand firmed against the dollar on Friday, but traders.
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Economy
South Africa Expected to Plant More Maize Hectares Than In Previous Season
23/10/2019South Africa’s 2019 maize production forecast is expected to be 2.58% higher than September’s estimate on better yields and higher than expected rainfall. The government’s Crop Estimates Committee (CEC) is.
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Economy
Russia Writes Off African Debt Worth Over $20 Billion – Putin
23/10/2019Moscow has written off more than $20 billion in debt accumulated by African countries during the Soviet era, Russian President Vladimir Putin announced on Wednesday. “It was not only an.
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Economy
South Africa’s Rand Firmer On Release Of New Power Plan
18/10/2019South Africa’s rand inched firmer early on Friday, clinging on to the strong gains it made in the previous session, after the country’s cabinet approved a long-delayed plan for electricity.
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Economy
Seychelles Ranked Fourth-highest In Africa In World Economic Forum Competitiveness Report
16/10/2019Seychelles is the fourth-most competitive nation in Africa out of 37 countries ranked in the 2019 edition of the Global Competitiveness Report, scoring high marks in health and macro-economic stability. The.
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Economy
Kenyan Shilling Stable Against the Dollar
14/10/2019The Kenyan shilling was stable against the dollar on Monday with inflows from offshore investors buying government debt and tightening liquidity in the local money market helping meet dollar demand.
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Economy
Zimbabwe Quadruples Electricity Prices to Fund Power Investment
09/10/2019Zimbabwe has increased the average electricity tariff by 320% to let the state power utility ramp up production and improve supplies at a time of daily rolling power cuts, the.
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Economy
Total Updates
South African Rand steady, Focus on Sino-U.S. Trade Talks
08/10/2019South Africa’s rand was steady in early trade on Monday, as investors waited for the U.S.-China talks due to start this week to see if the world’s two top economies.
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Economy
South African Rand Weaker As Investors Seek Shelter In Dollar
30/09/2019South Africa’s rand weakened early on Monday as the dollar gained against riskier currencies, with investors watching developments in the China-U.S. trade dispute and a slew of domestic and global.
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Economy
Nigeria Moves to Recover 35,000bpd Lost to Shell JV, Belema Oil Dispute
30/09/2019The Nigerian government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a community dispute in the Niger Delta region..
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