By Chris Takudzwa Muronzi HARARE (Reuters) -Zimbabwe has brought back a ban on maize imports to boost local farmers, and has grown enough of its own this year to supply its millers after a bumper harvest, a senior agriculture ministry official said on Monday. Improved rainfall boosted output and reversed a sharp decline last year …
Zimbabwe brings back maize import ban after bumper harvest Read More »
JOHANNESBURG (Reuters) -The South African rand was on the backfoot on Monday as investors booked profits after a rally that took the currency to a nine-month peak. At 1522 GMT the rand traded at 17.5775 against the dollar, almost 1% weaker than Friday’s close. The risk-sensitive currency rallied on Friday, boosted by a weaker dollar …
South African rand weakens as investors await local data signals Read More »
BENGALURU (Reuters) -New Development Bank (NDB), a multilateral lender developed by BRICS member nations, said on Monday it had appointed India’s central bank executive director, Rajiv Ranjan, as its vice president. Ranjan has been appointed as the vice president for five years, according to a statement. He will also serve as the chief risk officer, …
New Development Bank names RBI’s Rajiv Ranjan as vice president Read More »
GABORONE (Reuters) -Botswana’s President Duma Boko declared a public health emergency on Monday, saying the national medical supply chain had failed, leaving hospitals and clinics short of medicine and other vital stock. Boko said the military would oversee an emergency distribution drive, and the first trucks would leave the capital Gaborone and head to remote …
Botswana declares public health emergency as clinics run out of medicine Read More »
(Reuters) -South African petrochemical firm Sasol is working to contain the impact of higher tariffs on its chemical exports to the U.S., Chief Financial Officer Walt Bruns said on Monday, saying they could affect $80 million worth of sales. A 30% tariff imposed by President Donald Trump on South Africa came into effect this month, …
Sasol seeks to soften US tariff blow on South African exports Read More »
CAIRO (Reuters) -Egypt’s central bank is likely to cut its key interest rates by 100 basis points on Thursday to support growth as inflation cools, a Reuters poll showed. The median forecast of eight economists surveyed is for the Central Bank of Egypt (CBE) to lower its overnight deposit rate to 23% and its lending …
Egypt central bank set to cut rates by 100 basis points Read More »
CAIRO (Reuters) -Libya’s state-run National Oil Corporation (NOC) said on Sunday it would soon host a Libyan-U.S. energy forum aimed at boosting partnerships and investment in the North African country’s oil and natural gas sector. Libya is one of Africa’s biggest oil producers but output has been disrupted repeatedly in the chaotic decade since 2014, …
Libya’s NOC to host joint US energy forum to boost oil and gas investment Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria LNG Ltd has inked 20-year gas supply contracts with NNPC Ltd and other oil firms for the supply of 1.29 billion standard cubic feet per day to support its liquefaction plants and expansion plans, according to a company statement. The agreements – which include extension options – also involve …
Nigeria LNG inks long-term contracts to secure gas supply Read More »
(Reuters) -Global credit ratings agency S&P upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-‘ on Friday, citing reduced near-term external liquidity risks. Robust export earnings and diaspora remittances have bolstered Kenya’s foreign exchange reserves, helping ease pressures related to high external imbalances, the rating agency said in a statement. S&P expects Kenya’s solid …
S&P upgrades Kenya’s credit rating to ‘B’ on easing liquidity risks Read More »
By Georgina McCartney HOUSTON – (Reuters) -Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining on the week for the first time in three weeks. Brent crude futures settled up 6 cents or 0.09% to $67.73. West Texas Intermediate (WTI) crude futures settled up 14 …
Oil prices rise, make weekly gains as Ukraine peace process stalls Read More »
