By Arathy Somasekhar HOUSTON (Reuters) – Oil prices closed slightly lower on Tuesday, adding to a more than 6% drop in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon. Brent crude futures settled down 30 cents, or 0.4%, …
Oil prices settle down on report of talks to end Lebanon war Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most major currencies as traders bided their time ahead of next week’s U.S. election and a slew of incoming economic data. The loss of a parliamentary majority for Japan’s ruling coalition …
Dollar peaks against yen ahead of US election and economic data Read More »
By Ahmad Ghaddar and Robert Harvey LONDON (Reuters) – Angola’s Cabinda oil refinery is set to begin production by April, as it completes its first phase just ahead of schedule but over budget, the CEO of Gemcorp Holdings Limited, the project’s biggest shareholder, told Reuters on Tuesday. The refinery will be commissioned in January-February, with …
Angola’s Cabinda oil refinery to start up by April, Gemcorp CEO says Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was little changed on Tuesday, as investors held off from placing big moves ahead of mid-term budget announcement this week. At 1508 GMT, the rand traded at 17.7025 against the U.S. dollar, not far from its previous close. The dollar last traded about 0.24% firmer than its previous close. Finance …
South African rand steady as investors await mid-term budget Read More »
NAIROBI (Reuters) – Kenya’s Supreme Court on Tuesday quashed a decision by an appeals court nullifying the 2023 finance law, a victory for the government after protests forced President William Ruto to withdraw this year’s finance bill. The finance bills form the main vehicle for the government to set out revenue-raising measures, and Ruto’s administration …
Kenya’s supreme court quashes ruling that voided 2023 finance law Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s Competition Tribunal blocked Vodacom’s proposed merger with fibre group Maziv on Tuesday, a blow to the ambitions of the country’s biggest mobile operator to expand its fibre footprint nationwide. The proposed merger would have given Vodacom exposure to one of the country’s largest fibre infrastructure players, while providing …
South Africa’s Competition Tribunal blocks Vodacom’s merger with Maziv Read More »
By Libby George LONDON (Reuters) -Nigeria’s central bank is prepared to use any “tools at our disposal” to manage inflation, its head Olayemi Cardoso said on Tuesday. Annual inflation in Africa’s most populous country accelerated in September for the first time in three months, reaching 32.70%, spurred by higher food and energy costs. Price pressures …
Nigeria ready to use all tools to manage inflation, central bank chief says Read More »
By America Hernandez PARIS – French oil major TotalEnergies will study plans for a renewable energy project to produce hydrogen and ammonia in Morocco for delivery to Europe, which is seeking to increase use of the fuels as part of its energy transition. The agreement was announced late on Monday during French President Emmanuel Macron’s …
TotalEnergies studies Moroccan project to export green ammonia to Europe Read More »
JOHANNESBURG (Reuters) – South Africa’s biggest supermarket group Shoprite said on Tuesday its first-quarter sales rose 10.4%, buoyed by new store openings and growth across all its operating segments. The retailer’s shares were up 5.86% at 0811 GMT. Shoprite said in an operational update that its internal selling inflation eased to 2.6% during August and …
South African supermarket chain Shoprite’s first-quarter sales rise 10.4% Read More »
LAGOS (Reuters) – Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company said on Tuesday. Moniepoint started operations in 2015 providing infrastructure and payment solutions for banks and financial institutions but has grown to also offer personal …
Google among investors putting $110 million into Nigeria’s Moniepoint Read More »
