NAIROBI (Reuters) – Kenya’s private sector activity picked up for a second month in a row in December, helped by easing inflation, increased demand and favourable weather, a survey showed[...]
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Africa
South African businesses expand at slower pace in December -PMI
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector expanded in December but at a slower pace than in November as high prices and power cuts continued to depress client dema[...]
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Egypt private sector activity continues to shrink in December -PMI
CAIRO (Reuters) – Activity in Egypt’s non-oil private sector contracted in December for the 25th straight month as inflation, a weaker currency and continued import controls dampened busin[...]
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What investors watch out for in emerging markets in 2023
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – It has been a rough 12 months for emerging markets that have seen more governments stumble into default, currencies suffer and dou[...]
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Tunisia union threatens to ‘occupy the streets,’ rejects 2023 budget
By Tarek Amara TUNIS (Reuters) – Tunisia’s powerful UGTT union will hold mass protests and “occupy the streets” soon to show its rejection of next year’s austerity budget[...]
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Ghana again extends domestic debt exchange registration deadline
By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to “secure internal approvals” from the fina[...]
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Global central banks deliver historic rate hike blast in 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – Major central banks ramped up interest rates at the fastest pace and biggest scale in at least two decades in 2022 as policy makers we[...]
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Zimbabwe’s night markets cushion crisis-weary citizens from inflation
By Nyasha Chingono HARARE (Reuters) – As dusk descends on the dimly lit central business district of Zimbabwe’s capital Harare, a steady stream of home-bound workers flows into a sea of in[...]
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Equity funds record largest ever weekly outflows -BofA
By Lucy Raitano LONDON (Reuters) – Investors shed stocks at the highest weekly rate ever in the week to Wednesday, selling a net $41.9 billion of equities, according to a report from BofA Global[...]
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