By Hannah Lang NEW YORK (Reuters) -The dollar hovered near more than a two-week high against the yen on Wednesday as U.S. President Donald Trump announced tariffs on seven countries, after earlier this week imposing 25% tariffs on Japan and other trade partners beginning in August. . The greenback advanced against major peers on Tuesday …
Dollar at more than two-week high versus yen as trade war heats up Read More »
WASHINGTON (Reuters) -Gabon is open to investment and wants to see its raw mineral resources processed locally, but needs large investments in energy to do so, the West African country’s President Brice Oligui Nguema told U.S. President Donald Trump on Wednesday. “We are not poor countries. We are rich countries when it comes to raw …
Gabon’s president says his country open to investment, needs help processing minerals Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines. The letters call for tariffs of 30% each on Algeria, Iraq, Libya and Sri Lanka, 25% each on Brunei and Moldova, and 20% on the Philippines. (Reporting by Ryan …
By Ahmed Eljechtimi RABAT (Reuters) -Morocco plans to build a 500 megawatt data centre powered by renewable energy to strengthen security of data storage, its digital transition minister said. The centre will be located in Dakhla, in Western Sahara, Amal El Fallah Seghrouchni told Reuters, without giving details on the timeline or cost. Several countries …
Morocco to build data centre powered by renewable energy Read More »
JOHANNESBURG (Reuters) -South Africa’s commodity-backed currency and stocks weakened on Wednesday, with investor focus on precious metal prices that have been on the back foot after U.S. President Donald Trump’s latest tariff threats. On Tuesday, Trump said he would impose a 50% tariff on copper imports, hoping to boost U.S. production of a metal critical …
South Africa’s rand and stocks slip as lower commodity prices weigh Read More »
ACCRA (Reuters) -Italian energy group Eni will temporarily suspend operations at a gas plant in Ghana on Sunday to implement a supply increase, likely resulting in power cuts, the West African country said on Wednesday. Ghana, the world’s second biggest cocoa producer, has been trying to ramp up oil and gas production to increase revenues …
Ghana warns of power cuts while Italy’s Eni works to boost gas supply Read More »
DUBAI (Reuters) -Emirates Global Aluminium said on Wednesday that the Guinean government had wrongfully terminated an agreement with its subsidiary, Guinea Alumina Corporation, after a year-long dispute over the construction of an alumina refinery. Guinea’s military government suspended GAC’s bauxite exports and mining operations as part of West Africa’s military-led states’ increasingly aggressive push to …
Emirates Global Aluminium says Guinea wrongfully terminated deal Read More »
ABIDJAN (Reuters) -West African cocoa production, which has faced two successive below-average harvests, is likely to see another 10% decline in the upcoming 2025/26 season despite marginally improved weather conditions, industry sources told Reuters. Ivory Coast and Ghana – the world’s two leading producers – along with Nigeria and Cameroon, account for over two-thirds of …
West Africa facing 10% drop in cocoa output in 2025/26, industry sources say Read More »
KAMPALA (Reuters) -The Uganda National Oil Company (UNOC) is seeking a joint venture partner to help operate an exploration block in Uganda’s west, the firm’s spokesperson said on Wednesday. The Ugandan state-owned firm acquired the 1,285-square-kilometre Kasuruban exploration block in 2023 after signing a production sharing agreement (PSA) with the government. UNOC spokesperson Angella Ambaho …
Uganda’s state-owned oil firm seeks partner to develop block Read More »
By Emmanuel Bruce ACCRA (Reuters) -Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa’s top producer seeks to recover billions of dollars lost to smuggling. The task force is Ghana’s first national anti-gold smuggling initiative. The government has previously launched efforts to …
Ghana launches task force to curb gold smuggling losses Read More »
