JOHANNESBURG (Reuters) -The South African rand strengthened on Friday, ahead of monthly inflation data and a BRICS summit of emerging economies in Johannesburg next week. At 1516 GMT, the rand traded at 18.9350 against the dollar, about 0.8% stronger than its Thursday close. However, the rand is down roughly 6% this month, with Rand Merchant …
South African rand gains ahead of CPI, BRICS summit next week Read More »
NIAMEY (Reuters) – Paintings of Niger’s coup leader, national flags and symbols of unity have appeared in the capital since a military takeover last month that has seen some artists join a movement supporting the new junta. Niger military officers who deposed President Mohamed Bazoum on July 26 have defied calls from the United Nations, …
Some Niger artists voice support for new military rulers Read More »
JOHANNESBURG (Reuters) -The BRICS group of major emerging economies – Brazil, Russia, India, China and South Africa – will hold its 15th heads of state and government summit in Johannesburg this month. Here are some key facts about the summit. WHERE AND WHEN IS THE SUMMIT? South Africa will host the summit from Aug. 22-24 …
JOHANNESBURG (Reuters) -The BRICS group of major emerging economies – Brazil, Russia, India, China and South Africa – will hold its 15th heads of state and government summit in Johannesburg from Aug. 22-24. South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazil’s President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi …
BRICS summit 2023: What’s likely to be discussed? Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya is aiming to boost its economic growth rate in the next four years, the finance ministry said on Friday, with plans to invest in the farming sector and small businesses to help create jobs and cut poverty. The authorities in the East African country are trying to boost growth …
Kenya aims to speed up economic growth to help small businesses, create jobs Read More »
NAIROBI (Reuters) – Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing at an initial cost of $15 million, the government’s investment agency said on Friday. The state-owned carrier, which is the biggest in Africa, has already signed the deal that also involves the local state Industrial Parks Development Corporation, the Ethiopian …
Ethiopian Airlines to manufacture parts in venture with Boeing Read More »
By Nyasha Chingono HARARE (Reuters) – Zimbabwe will allow developers of carbon credits to keep as much as 70% of the proceeds for the first decade of the project, with 30% paid as an environmental levy, the government said in regulations published on Friday. Environment minister Mangaliso Ndlovu moved against what he called “climate washing” …
N’DJAMENA (Reuters) – Chad has fined a local subsidiary of Airtel 5 billion CFA francs ($8.3 million) for breaking investment commitments, saying an audit showed its network quality was deteriorating, the African country’s telecoms regulator said on Friday. Airtel Africa is based in the United Kingdom and operates in around a dozen countries in Africa. …
Chad fines Airtel subsidiary $8 million for deteriorating network Read More »
(Reuters) – South Africa’s Sibanye Stillwater on Friday said it expects its half-year profit to fall by as much as 53% due to weaker platinum group metal (PGM) prices and lower output from its U.S. operations. In a trading update, Sibanye said it expected to post headline earnings per share (HEPS) of between 1.98 rand …
Sibanye braced for profit hit from lower prices, US output Read More »
By Carien du Plessis and Rachel Savage PRETORIA (Reuters) – Chinese President Xi Jinping will meet African heads of state on the sidelines of the BRICS summit next week “to advance China-Africa cooperation in the new era”, China’s ambassador to South Africa said on Friday. The meeting will take place late on Thursday, the last …
Chinese president Xi to meet African leaders during BRICS summit Read More »
