Reuters Africa Business

By Wendell Roelf CAPE TOWN (Reuters) -The World Bank Group is considering financing $500 million of South Africa’s participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official told Reuters. South Africa is courting private investment for an ambitious plan to add …

World Bank Group considers $500 million boost for South Africa’s transmission expansion Read More »

NAIROBI (Reuters) -The Kenyan shilling was flat against the dollar on Friday from the previous session, data from the London Stock Exchange Group (LSEG) showed. At 0717 GMT commercial banks quoted the shilling at 129.00/129.50, same level as Thursday’s close. (Reporting by Elias Biryabarema; Editing by Chijioke Ohuocha)

By Yuka Obayashi TOKYO (Reuters) -Mozambique’s energy minister said on Friday the government has not received a request from TotalEnergies to lift a force majeure declaration on its $20-billion liquefied natural gas (LNG) project there, but he is optimistic about the oil major’s plan to resume its development this summer. The force majeure will be …

Mozambique energy minister optimistic on TotalEnergies’ plan to resume LNG project Read More »

CAIRO (Reuters) -Israel has resumed limited natural gas exports from surplus supplies, the country’s Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle. A ministry spokesperson told Reuters that exports are now resuming “from surpluses, after domestic needs are met.” An energy …

Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting Read More »

NAIROBI (Reuters) -Kenya’s parliament on Thursday voted to approve this year’s proposed finance law, denying the revenue authority’s request to get unrestricted access to taxpayers’ data on account of privacy concerns and constitutional safeguards. The government is under pressure to avoid a repeat of last year’s unrest after protests against proposed tax hikes led to …

Kenya parliament passes proposed 2025 finance law Read More »