NAIROBI (Reuters) -The Kenyan shilling was steady against the dollar on Thursday compared with the previous session, supported by some remittance hard currency inflows, traders said. At 0726 GMT commercial banks quoted the shilling at 129.20/129.50, stable from Wednesday’s close. (Reporting by Elias Biryabarema; Editing by Bate Felix)
SINGAPORE (Reuters) -China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas block in Algeria under a production sharing contract, marking the company’s first hydrocarbon exploration in Africa. The Shanghai-listed independent oil and gas explorer was awarded the contract by Algeria’s National Agency for the …
China independent firm Zhongman Petroleum awarded natural gas block in Algeria Read More »
By Isla Binnie NEW YORK (Reuters) -Major Wall Street indexes ended a choppy trading session little changed after the U.S. central bank held interest rates steady on Wednesday, while the six-day-old Israel-Iran air war kept oil prices climbing on fears of escalation and supply disruption. In a much-anticipated address, Federal Reserve Chair Jerome Powell said …
Equities flatten, oil rises after Fed holds rates and Mideast conflict rages on Read More »
By Laura Matthews NEW YORK (Reuters) -The U.S. dollar traded higher against most major currencies on Wednesday, but remained weaker against the yen after the Federal Reserve kept interest rates unchanged as economic uncertainty and tariffs continue to paint a murky outlook. Policymakers still forecast slashing rates by half a percentage point this year, but …
Dollar trades higher after Fed, investors focus on Israel-Iran conflict Read More »
JOHANNESBURG (Reuters) -The South African rand edged up on Wednesday after steady domestic inflation data and stronger-than-expected retail sales figures, as global investors awaited an interest rate decision by the U.S. Federal Reserve later in the day. At 1511 GMT, the rand traded at 17.96 against the dollar, roughly up 0.4% from Tuesday’s close. The …
South African rand gains after local data, focus on US rate decision Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria’s oil regulator is set to bring in a new rule that requires oil producers to obtain an export permit, vessel clearance and a unique identification number to enable real-time tracking of cargoes, based on regulations seen by Reuters. The government said the updated regulations are designed to enable real-time …
Nigeria to introduce real-time tracking for oil export shipments Read More »
NAIROBI (Reuters) -The OPEC Fund For International Development has pledged to provide more than $1 billion in funding to Africa and developing countries elsewhere as part of a broader $2 billion pledge by Arab nations over the next five years. The fund, founded by the Organization of the Petroleum Exporting Countries to fund projects in …
OPEC Fund commits $1 billion in new financing for developing nations Read More »
By Colleen Goko JOHANNESBURG (Reuters) -U.S. hotel chains Hilton and Marriott have announced African expansion drives to tap into the continent’s rapid tourism growth. Rising business and leisure travel on the continent has made it increasingly attractive for multinational companies and Hilton said on Wednesday that it plans to more than triple its African portfolio …
Hotel groups Hilton and Marriot announce African expansion plans Read More »
WINDHOEK (Reuters) -Namibia’s central bank left its main interest rate unchanged on Wednesday, saying it wanted to safeguard the local currency’s peg to South Africa’s rand and that global risks were limiting its ability to ease policy. It was the second meeting in a row where the bank has kept its repo rate at 6.75% …
Namibia central bank holds repo rate to safeguard rand peg Read More »
JOHANNESBURG (Reuters) -South African retail sales rose to 5.1% year on year in April after rising by a revised 1.2% in March, Statistics South Africa figures showed on Wednesday. Seasonally adjusted retail sales increased 0.9% month on month in April. (Reporting by Kopano Gumbi and Sfundo Parakozov;Editing by Alexander Winning)
