By Ben Ezeamalu LAGOS (Reuters) -To the sound of Afrobeats in an open air pub at its headquarters in Lagos, Nigeria’s Bature Brewery is working to wean more customers off the big brands and onto its locally inspired craft beers. Globally, the craft beer market is forecast to triple to more than $250 billion by 2033, …
Nigeria’s Bature Brewery taps into $7 billion beer market Read More »
ABUJA (Reuters) -Dangote Refinery has withdrawn its lawsuit against Nigeria’s midstream and downstream petroleum regulator and several fuel importers, including state-owned NNPC Ltd, over fuel imports, according to a court filing seen by Reuters. Africa’s largest refinery had sought to nullify fuel import licences issued to NNPC Ltd, AYM Shafa Ltd, A.A. Rano Ltd, T. …
Dangote Refinery drops lawsuit against Nigerian fuel importers Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Tuesday, with investor attention pinned on the outcome of the country’s monetary policy meeting and updates on tariff negotiations as it faces a 30% levy on its exports to the U.S. At 1206 GMT, the rand traded at 17.95 against the dollar, about 0.5% weaker than Monday’s …
South African rand extends losses as traders await outcomes of rate meeting, US tariffs Read More »
LUANDA (Reuters) -Violent protests in Angola over a fuel price hike killed at least four people and led to hundreds of arrests, with unrest continuing in a few parts of the capital Luanda on Tuesday, police said. Monday’s violence, which involved looting, acts of vandalism and clashes with police, followed a government decision early this …
Four killed, hundreds arrested in Angola fuel hike protests Read More »
By Ahmed Eljechtimi BAB BERRED, Morocco (Reuters) -Beneath the blazing summer sun, Abderrahman Talbi surveyed the neat rows of flourishing cannabis blooms in compact fields, reflecting on how his life has changed since he joined Morocco’s burgeoning legal cannabis industry two years ago. Like many farmers in the northern Rif mountains who have long grown …
Legal cannabis blooms in Morocco but black market still beckons Read More »
(Corrects bullet point 2 and paragraph 12 in July 28 story to clarify that EGA lost its basic agreement with Guinea, not its mining licence.) By Maxwell Akalaare Adombila ACCRA (Reuters) -Ghana has cancelled a $1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership instead with a big overseas company to tap …
Ghana cancels $1.2 billion bauxite deal, eyes global partnership, sources say Read More »
By Nelson Banya (Reuters) -Kumba Iron Ore has seen a “fundamental shift in speed” by South Africa’s government to open up state-owned logistics firm Transnet to private investment, its chief executive, Mpumi Zikalala, said on Tuesday. Transnet has struggled to provide reliable freight rail and port services, hit by equipment shortages and maintenance backlogs after …
Kumba sees urgency as South Africa opens up Transnet for private players Read More »
By Sinéad Carew and Marc Jones NEW YORK, LONDON (Reuters) -A global equities gauge fell on Monday while the euro took a tumble and U.S. Treasuries sold off as investors cautiously greeted a trade agreement between the U.S. and European Union at the start of an action-packed week for markets. The weekend’s framework trade deal, …
Global stock index falls, euro slides after US-EU trade deal Read More »
By Alun John and Chibuike Oguh NEW YORK/LONDON (Reuters) -The dollar rose against the euro and yen on Monday as markets were buoyed by a trade agreement between the U.S. and the EU, which brought some market certainty and averted a global trade war. U.S. President Donald Trump and European Commission President Ursula von der Leyen …
Dollar rises against major peers after US-EU trade pact Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s announcement that he would shorten the deadline for Russia to end its war in Ukraine or face sanctions. Brent crude futures were up $1.60, or 2.3%, at …
Oil rises 2% on US-EU trade deal, Trump’s shorter deadline for Russia Read More »
