Reuters PARIS, Oct 19 (Reuters) – (This Oct. 19 story has been corrected to say H7 genotype, not H5N1, in paragraph 1 and also to clarify that the WOAH communication was on Thursday, not Tuesday, in the same paragraph) Mozambique has reported an outbreak of highly pathogenic H7 avian influenza, commonly called bird flu, among…
By Vuyani Ndaba JOHANNESBURG, Oct 20 (Reuters) – The Sub-Saharan African economy is expected to grow 3.7% on average next year despite a worrisome global economic backdrop as falling inflation allows for looser monetary policy, a Reuters poll showed on Friday. However, Sub-Saharan Africa is reliant on the wider global economy performing well and earlier this…
Reuters NAIROBI, Oct 19 (Reuters) – Kenya’s shilling, Zambia’s kwacha, Nigeria’s naira and the Ugandan shilling are forecast to lose ground against the dollar in the next week to Thursday, traders said. KENYA Kenya’s shilling is expected to weaken due to persistent demand for dollars from the manufacturing and energy sectors. Commercial banks quoted the…
Reuters RABAT, Oct 20 (Reuters) – Morocco plans to build a large stadium in Benslimane, near Casablanca, and upgrade six others in preparation for co-hosting the 2030 World Cup, the prime minister’s office said on Friday. A deal was signed the same day between the government and state-owned fund CDG to finance the new stadium…
Reuters South African retail sales fell 0.5% year on year in August after declining by a revised 1.0% in July, Statistics South Africa figures showed on Wednesday. On a month-on-month basis, sales increased 0.2%. Sales in the three months to the end of August were down 1.1% compared with the same period last year, the…
Bizcommunity.com Amidst soaring global oil prices, a bird flu outbreak, and a fluctuating rand, the South African Reserve Bank (Sarb) is set to implement another 25 basis points interest-rate hike in November.This is the forecast by Bank of America’s (BofA) global research emerging insight report South Africa – All change, not done hiking. Driven by the…
Reuters CAIRO, Oct 17 (Reuters)- Egypt’s central bank told commercial banks on Tuesday to restrict customers from using credit cards for transactions in foreign currencies both domestically and abroad, the second time in a week it has cracked down on plastic. Last week, the central bank told banks to suspend the use of Egyptian pound debit cards…
Reuters South Africa’s central bank said on Tuesday that upside risks to inflation had strengthened over the past months, heightening uncertainty about a precise path for inflation. The South African Reserve Bank (SARB) in its October Monetary Policy Review said the rise in oil prices, dry weather conditions and elevated inflation expectations were all negatively…
Reuters News South Africa’s headline consumer inflation rose to 5.4% year-on-year in September from 4.8% in August, data from Statistics South Africa showed on Wednesday. The statistics agency said core inflation, which excludes food and fuel costs, fell to 4.5% year-on-year in September from 4.8% in August. The latest figures come after South Africa’s central…
The East African In an increasingly interconnected world, the strength of a nation’s health security and systems holds paramount importance. Nowhere is this truer than in the diverse, young, and energetic continent of Africa, where the need to fortify health security has become a pressing imperative. It is widely acknowledged that adequate healthcare infrastructure is…
