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South African telco MTN's service revenue rises over 17% as Nigeria recovers
Nov 9 (Reuters) - South Africa's MTN Group (MTNJ.J), opens new tab said on Monday its service revenue rose more than 17% in constant-currency terms in the nine months ended September 30, helped by a r
Morocco pauses tomato exports to African markets amid high prices at home
RABAT, Nov 5 (Reuters) - Morocco paused tomato exports to African markets on Thursday to ensure steady domestic supply and help lower prices at home, the head of the Moroccan fresh produce exporters f
Ethiopia revises economy up nearly 60% to $201 billion after GDP rebasing
NAIROBI, Nov 5 (Reuters) - Ethiopia has revised the size of its economy up by nearly 60% to $201 billion after rebasing its national accounts, according to a government presentation seen by Reuters.
South African factory sentiment improves for second month in October, PMI shows
JOHANNESBURG, Nov 2 (Reuters) - South African manufacturing sentiment improved for a second month in October, but issues like weak domestic demand and logistics bottlenecks meant the improvement was o
South Africa's Lions head home after traumatic Europe tour
JOHANNESBURG, Nov 1 (Reuters) - South Africa's Lions rugby team headed home at the weekend after an emotion-sapping three-week trip to Europe during which lock Hyron Andrews collapsed and died. The 3
Nigeria reports two suspected Ebola cases in northeast region
Oct 31 (Reuters) - Health authorities in Nigeria are investigating two suspected Ebola cases in the country's northeast region, the Nigeria Centre for Disease Control and Prevention said on Saturday.
Uganda's inflation rises to 3-year high after currency slump
KAMPALA, Oct 30 (Reuters) - Uganda's inflation rate rose to a 3-year high of 5.8%, the country's statistics office said on Friday, a move that follows a sharp slump in its shilling currency in recent
Kenya's inflation rises to highest level in more than three years
NAIROBI, Oct 30 (Reuters) - Kenya's inflation (KECPI=ECI), opens new tab rose in October to its highest level in more than three years due to a faster rate of price increases of food items, transport
South Africa risks return to money-laundering grey list
JOHANNESBURG, Oct 28 (Reuters) - South Africa faces a significant risk of returning to the Financial Action Task Force's grey list barely a year after it secured removal, according to the latest quart
Libya's eastern administration bars entry to Iranians, Afghans
TRIPOLI, Oct 28 (Reuters) - Libya's eastern-based government banned the entry of Iranian and Afghan nationals through all land, sea and air ports, the government said late on Wednesday. The move exte
Namibia raises key interest rate to cushion second-round effects from high fuel prices
WINDHOEK, Oct 28 (Reuters) - Namibia's central bank raised its main interest rate on Wednesday to mitigate against second-round effects from high fuel prices and safeguard the currency peg with its ne
Australia vs South Africa: Pat Cummins' tourists fight back to edge first day
Third Test, Cape Town (day one of five) South Africa 329: Ackerman 95, Markram 78; Starc 6-72 Australia: Yet to bat It is the club every cricket captain desperately tries to avoid. Nasser Hussain
Congo Reports Over 10,000 Ebola Cases, Sparking Concerns of Wider Spread
The Democratic Republic of Congo (DRC) reported 10,000 confirmed cases of Ebola this week, with nearly 4000+ deaths. Health officials are now concerned that numbers may soon reach a point of inflectio
South Africa's Pick n Pay narrows first-half loss as turnaround gains traction
JOHANNESBURG, Oct 26 (Reuters) - South African grocery retailer Pick n Pay (PIKJ.J), opens new tab reported a narrower headline loss in the first half on Monday on higher margins and tighter cost cont
Nigeria targets single-digit inflation by end-2027 to unlock cheaper borrowing, minister says
ABUJA, Oct 26 (Reuters) - Nigeria aims to cut inflation to low single digits before the end of 2027, paving the way for sharply lower interest rates that could lower borrowing costs and support growth
Nigeria bourse CEO says Dangote refinery IPO to widen investor base
LONDON, Oct 22 (Reuters) - Dangote's $1.6 billion refinery IPO could grow Nigeria's active investor base fivefold, said the CEO of the country's stock exchange, which hopes it will deepen links with o
South Africa's Pick n Pay withdraws restructuring process, sees narrower interim loss
Oct 22 (Reuters) - South African retailer Pick n Pay (PIKJ.J), opens new tab on Thursday said it has withdrawn a previously announced restructuring consultation process, and forecast a 25%-35% narrowi
Uganda export earnings up 36% in August on higher gold receipts
KAMPALA, Oct 22 (Reuters) - Uganda's export earnings surged 36% year-on-year in August, helped by a rise in receipts from shipments of gold and other commodities, a finance ministry report showed on T
Gabon says debt audit findings still under review by IMF, may be revised
JOHANNESBURG, Oct 19 (Reuters) - Gabon said on Monday that findings from its debt audit were under review by the International Monetary Fund and could be revised, according to a government circular.