Reuters Africa

NAIROBI (Reuters) -Kenya’s shilling, Uganda’s shilling Ghana’s cedi and Zambia’s kwacha are expected to weaken against the dollar in the week to Thursday, while Tanzania’s and Nigeria’s currencies are forecast to hold steady, traders said. KENYA Kenya’s shilling is expected to weaken further, hurt by increased demand for dollars from the energy and manufacturing sectors. …

AFRICA-FX- Kenya, Uganda, Ghana currencies expected to weaken Read More »

By Ange Aboa ABIDJAN (Reuters) -Ivory Coast’s cocoa regulator has restricted 20 major traders, including Cargill and Barry Callebaut, from purchasing beans for export after they reached their buying limits, the head of the Coffee and Cocoa Council (CCC) said on Thursday. Port arrivals have slowed as the world’s top cocoa producer heads towards the …

Ivory Coast restricts cocoa bean purchases for major traders as cap reached Read More »

JOHANNESBURG (Reuters) – One person with no travel history has died due to cholera in South Africa, the health department said on Thursday, as the number of confirmed cases in the country rose to five. The development comes on the heels of rising cases of cholera in Southern Africa, with Malawi battling its deadliest outbreak …

South Africa reports first death due to cholera as cases rise to five Read More »

HARARE (Reuters) – Zimbabwe will compensate white farmers, whose land was forcibly taken, over 10 years instead of the 20 announced three years ago, finance minister Mthuli Ncube said on Thursday, adding that the money would be raised through treasury bills. (Reporting by Nyasha Chingono; Writing by Rachel Savage; Editing by James Macharia Chege)

By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – An informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion eurobond issue coming due in 2024, three sources with direct knowledge of the matter told Reuters. The proposal involves the debt maturity being extended to …

Exclusive-Some investors offering Ethiopia maturity extension on 2024 bond – sources Read More »

By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – An informal group of international bondholders has proposed to Ethiopia’s government to extend the maturity of the country’s $1 billion eurobond issue coming due in 2024, three sources with direct knowledge of the matter told Reuters. The proposal involves the debt maturity being extended to …

Exclusive-Some investors offering Ethiopia maturity extension on 2024 bond – sources Read More »

NAIROBI (Reuters) – Kenya Airways will restart monthly contributions to its staff pension fund which were stopped due to the COVID pandemic, an internal memo showed on Thursday, resolving a key grievance that led to a pilot strike. Tens of thousands of passengers were stranded last November when the carrier’s 400 pilots walked out, demanding …

Kenya Airways to resume staff pension contributions after three-year suspension Read More »

(Reuters) – South Africa’s Harmony Gold expects profit for the six months to Dec. 31 to have risen by as much as 30%, it said on Thursday, with higher metal grades and prices offsetting increased production costs. Harmony Gold said headline earnings per share (HEPS)- the most common profit measure in South Africa – are …

Harmony Gold says profit boosted by better metal grades and prices Read More »