By Karen Brettell NEW YORK (Reuters) -The dollar fell on Monday after Federal Reserve policy maker Michelle Bowman said the U.S. central bank should consider interest rate cuts soon, and on rising expectations that Iran’s response to the U.S. bombing of some nuclear sites in Iran will be limited. Bowman, the Fed’s vice chair for …
By Portia Crowe DAKAR (Reuters) -Malian tax officials have reopened Barrick Mining’s office in the capital under a court-appointed administrator, after it was shuttered in April over alleged non-payment of taxes, two people close to the matter told Reuters on Monday. It marks the first significant development since a Malian court on June 16 placed …
By Colleen Goko JOHANNESBURG (Reuters) -South Africa’s state-owned Public Investment Corporation and UK development financier British International Investment have formed a partnership to boost investment in African infrastructure, the organizations said on Monday. Financial terms were not disclosed. The partnership will mobilize private capital in Africa at scale to expand climate funding and boost the …
S.Africa’s state-owned PIC partners with UK DFI on African infrastructure Read More »
(Reuters) -Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80. Prices for Brent could average around $95 in the fourth quarter of 2025, Goldman Sachs said in a note dated June 22. Their assumptions included …
HSBC, Goldman Sachs see Brent oil hitting $80-110 if Strait of Hormuz blocked Read More »
DAKAR (Reuters) -Niger’s main mine workers’ union has thrown its support behind the military government’s planned nationalisation of Somair, one of the world’s largest uranium mines, saying output will continue, despite tensions with French operator Orano. Niger, which seized the Somair mine in December, announced its plan to nationalise it last week, accusing Orano of …
Niger miners say output will continue at nationalised uranium mine Read More »
JOHANNESBURG (Reuters) -The South African rand fell to a one-month low on Monday, pressured by volatile crude oil prices and risk-off sentiment following the U.S. military action against Iran over the weekend. At 1354 GMT the rand traded at 18.07 against the dollar, down roughly 0.4% from Friday’s close and on track for its lowest …
South African rand drops to one-month low after US strikes Iran Read More »
(Reuters) -First Quantum Minerals said on Monday it had temporarily suspended operations in the area of an accident at the Trident project in Zambia which resulted in the death of an employee. The Canadian miner said the accident involved a dump truck at a pit in the Sentinel copper mine. Operations in the accident area …
First Quantum reports fatality from accident at Zambia mine, suspends some operations Read More »
JOHANNESBURG (Reuters) -South Africa has signed a $1.5 billion loan agreement with the World Bank, aiming to overhaul its transport and energy infrastructure and reignite economic growth, the National Treasury said on Monday. For more than a decade Africa’s most advanced economy has struggled to grow as regular blackouts have crippled productivity while crumbling rail …
South Africa agrees $1.5 billion World Bank loan to upgrade infrastructure Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s biggest online retail group Takealot grew its full-year revenue by 15%, with growth supported by investments in logistics, enhanced customer offerings and its subscription service as it faces competition from new market entrant Amazon. Technology investor Naspers said on Monday that Takealot Group’s revenue rose by 15% in …
South Africa’s Takealot grows revenue to fend off Amazon rivalry Read More »
KAMPALA (Reuters) -The Ugandan shilling was stable on Monday and it could weaken, driven by dollar demand from merchandise importers, traders said. At 0858 GMT, commercial banks quoted the shilling at 3,603/3,613, compared with Friday’s closing rate of 3,600/3,610. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
