LILONGWE, Aug 9 – Malawi has yet to see whether its decision to devalue the kwacha will enable stalled loan negotiations with the International Monetary Fund to resume, the country’s central bank governor said on Tuesday.
Category: business
Ghana inflation falls to lowest since 1992
ACCRA, Aug 10 – Ghana’s annual inflation rate fell to its lowest since 1992 in July, potentially paving the way for new cuts in interest rates in the West African state.
Nigeria's SEC suspends trading on nationalised banks
LAGOS, Aug 7 – Nigeria’s Securities and Exchange Commission said on Sunday it had suspended trading on the shares of Afribank, Spring Bank and Bank PHB, following the nationalization of the three lenders.
Kenya may tighten limit on banks' forex holdings
NAIROBI, Aug 8 – Kenya may cut the amount of foreign currency banks are allowed to hold, the central bank said on Monday, as it seeks ways to stem a steep decline in the value of the country’s shilling.
S.Africa health plan will need billions
PRETORIA, Aug 11 – Plans to introduce national health insurance, one of the biggest changes proposed by South Africa’s ruling African National Congress, will require an estimated 125 billion rand in 2012 and 214 billion rand by 2020, a government source said on Thursday.
African business agenda 15-18 August
WHAT TO WATCH NEXT WEEK Monday August 15 Nigerian July inflation due from Monday. Inflation reached a more than three-year low of 10.2 percent in June, but the average forecast of analysts polled by Reuters was for a rise to 10.7 percent in July.
Deal reached to end S.African gold mine strike
JOHANNESBURG, Aug 2 – A strike in South Africa’s gold mining sector ended on Tuesday after a 2-year wage deal was clinched, unions and the Chamber of Mines said.Â
African business agenda: 8-11 august
WHAT TO WATCH NEXT WEEK Monday August 8 • Zimbabwe President Robert Mugabe delivers annual Hero’s Day address. Mugabe likely to comment on the push to force mining companies to relinquish majority stakes to locals by September.
Kenya shilling back on the ropes
NAIROBI, July 28 – Kenya’s shilling is likely to fall towards a June 22 record low against the dollar next week, although Uganda’s currency, which has also hit a string of all-time lows this year, will probably stay on an even keel.
S.Africa's jobless rate rises, challenge for govt
PRETORIA, July 28 – South Africa’s official jobless rate rose further in the second quarter of this year as the mining and manufacturing sectors shed jobs.