CAIRO, Dec 18 (Reuters) – Egypt said on Thursday that a natural gas deal with Israel was a “strictly commercial” arrangement with no political dimensions, adding it was concluded by private energy companies under market rules without direct government intervention. On Wednesday, Israel approved an export deal signed in August with Chevron and its partners, …
Egypt says gas deal with Israel is ‘strictly commercial’ Read More »
By Emmanuel Bruce ACCRA, Dec 18 – Ghana’s parliament on Thursday approved amendments to the Bank of Ghana Act, imposing stricter limits on central bank financing of the government to safeguard its independence. The Bank of Ghana (Amendment) Bill, 2025, bars the central bank from buying government securities on the primary market and redefines emergency …
Ghana’s parliament approves tighter limits on central bank financing Read More »
JOHANNESBURG, Dec 18 (Reuters) – The South African rand was little changed on Thursday as investors assessed November producer inflation data for clues on the health of Africa’s largest economy. At 1338 GMT, the rand traded at 16.7675 against the dollar, compared with its previous close of 16.7750. Producer inflation rose 2.9% year on year …
South African rand steady after producer inflation data Read More »
By Robert Harvey and Seher Dareen LONDON, Dec 18 – West African crude oil sellers are struggling to find buyers for up to 26 December- and January-loading cargoes due to stiff competition from plentiful and cheaper alternative supplies, traders and analysts told Reuters. The amount of unsold Nigerian and Angolan crude, analysts say, is a …
West African oil struggles to find buyers as global surplus builds Read More »
DAKAR, Dec 18 (Reuters) – Gabon is planning to introduce a new housing tax in January to finance the Central African oil-producing country’s needs as its debt continues to rise. The country is facing an acute squeeze on liquidity that has left it increasingly reliant on regional capital markets. Authorities are working on a tax …
Gabon plans new housing tax to help tackle rising debt Read More »
KAMPALA, Dec 18 (Reuters) – Uganda plans to cut its domestic debt issuance by 21.1% in the financial year starting July from the previous period to help trim its ballooning public debt, the finance ministry said in a budget paper seen by Reuters on Thursday. A total of 9 trillion shillings ($2.53 billion) worth of …
Uganda says to trim debt issuance by 21% in 2026/27 FY Read More »
By Clara Denina and Maxwell Akalaare Adombila SIMANDOU, Guinea, Dec 18 (Reuters) – Guinea’s Simandou mega mining project, promoted by the military government as a symbol of the country’s economic transformation, is laying off thousands of workers just as it begins exporting iron ore after decades of delays and corruption scandals. Simandou was officially launched …
Mass layoffs overshadow Guinea’s Simandou mega mine as output accelerates Read More »
KAMPALA, Dec 18 (Reuters) – Uganda’s export earnings nearly doubled in October from the same period last year driven by a surge in revenue from commodities such as coffee, cocoa and gold, a ministry of finance report showed on Thursday. The East African country’s merchant goods export earnings rose to $1.5 billion in October from …
Uganda October export earnings nearly double on coffee, gold receipts Read More »
By Sinéad Carew and Marc Jones NEW YORK/LONDON, Dec 17 (Reuters) – MSCI’s global equities gauge fell on Wednesday, pressured by U.S. technology stocks, while silver prices hit a record high and gold rose for a seventh straight day on renewed hopes for Federal Reserve rate cuts and after U.S. President Donald Trump’s latest move …
Stock indexes fall on AI angst while gold and silver rise with oil Read More »
By Duncan Miriri and Miguel Gomes NAIROBI/LUANDA, Dec 17 (Reuters) – The U.S. International Development Finance Corporation signed a $553 million loan with a consortium of firms on Wednesday for the refurbishment of an Angolan railway line – part of the Lobito critical minerals transport corridor. The high-profile U.S.-backed Lobito Corridor, which will connect copper …
US agency, consortium sign $553 million loan for Angola railway revamp Read More »
