Bank of Ghana keeps prime interest rate unchanged. EU to replace gas from Russia with Nigeria.

African Union Lands A G20 Seat. SA Targets Greater Kenya Trade. Anglo Denying Justice To Zambia Lead Victims

· The AU aims to use G20 seat as an opportunity to call on rich nations to honour their promises to tackle climate change.

· South Africa plans to prioritize its economic relationship with Kenya to boost trade and investment

· South African public service workers get ready to strike

· IMF approves $433 million financial aid for Kenya

Tanzania’s President $18bn Plan For Energy In Africa. Petra Diamonds’ Tanzania Mine Operations Suspended

· Tanzania’s president will present an $18 billion plan to build renewable power generation in Southern Africa at talks in Egypt.

· Petra Diamonds has suspended operations at its Williamson mine in Tanzania.

· Pilot strike spurs grounds Kenya Airways.

Bank of Ghana keeps prime interest rate unchanged. EU to replace gas from Russia with Nigeria.

• Ghana's central bank   kept its interest rate unchanged at 19%.
• The European Union (EU) delegation to Nigeria and ECOWAS says it will replace the gas from Russia with Nigeria gas due to the invasion in Ukraine.
• Mozambique extends suspension of Standard Bank from forex market for another year.
• Anglo American Platinum reported a 43% fall in half-year profit due to weaker platinum group metal (PGM) prices and lower volumes compared with record sales a year ago.

Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week

Ghana to and ask IMF for help for its economy. South Africa extends daily power cuts for a week

· Ghana - will hold formal talks with the International Monetary Fund on a support package. Until now, Ghana, had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency, despite analysts warning that; it is close to a debt crisis.

· South Africa’s state power utility, Eskom, says it would extend daily power cuts all through the week as generation capacity shortage continues.

· Leaders of the Economic Community of West African States (ECOWAS) on Sunday lifted economic and financial sanctions imposed on Mali, after its military rulers proposed a 24-month transition to democracy and published a new electoral law.

Zimbabwe Power Firm Signs $110m Financing Deal. Pepkor Holdings Recorded A 115.2% JUMP IN Annual Earnings. COVID Cases On The Rise In SA

- A subsidiary of Zimbabwe’s state-owned power company has signed a $110 million syndicated loan with continental trade finance bank AfreximBank.

- South African retailer, Pepkor, majority owned by Steinhoff, said headline earnings jumped to ZAR5 billion ($320.1 million), up from ZAR2.3 billion a year ago.

- South Africa’s  National Institute For Communicable Diseases warns of an uptick in SA's cases as fourth wave looms

music by Topher Mohr and Alex Elena