JOHANNESBURG (Reuters) -The South African rand was down marginally on Tuesday, despite fragile risk sentiment driven by the Israel-Iran conflict, and ahead of key domestic economic data on Wednesday. At 1403 GMT the rand traded at 17.85 against the dollar, 0.2% softer than Monday’s close. While concerns of a prolonged Middle East conflict have increased …
South African rand subdued on risk-off mood, economic data eyed Read More »
By Colleen Goko JOHANNESBURG (Reuters) -Senegal has postponed until June 23 the publication of its budget execution reports for the last two quarters, the finance ministry said in a statement, as the new administration works to rebuild investor trust after a hidden-debt scandal. The original release date for the reports was not immediately clear. The …
Senegal delays publication of quarterly budget execution reports Read More »
BAMAKO (Reuters) -Mali began construction of a new Russia-backed gold refinery on Monday, which the West African country’s military leader said would take it closer to asserting control over its natural resources. The 200-ton capacity facility, in which Mali has a controlling stake, will be built in partnership with Russia’s Yadran Group and a Swiss …
Mali starts construction of Russia-backed gold refinery Read More »
By CHRIS TAKUDZWA MURONZI and Colleen Goko HARARE/JOHANNESBURG (Reuters) -Zimbabwe’s gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market. The Reserve Bank of Zimbabwe on Monday kept its benchmark rate unchanged at …
Zimbabwe says gold-backed currency stable but investor doubts persist Read More »
CAPE TOWN (Reuters) -African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday. The Volans prospect is being investigated soon after Rhino Resources struck light oil in April at its second successful exploration well, …
Rhino Resources targets new exploration well offshore Namibia Read More »
NAIROBI (Reuters) -Kenya’s parliamentary finance committee has rejected a proposal to grant the country’s revenue authority unrestricted access to taxpayers’ data, citing privacy concerns and constitutional safeguards, a report published late on Monday said. The provision, included in this year’s finance bill, drew public backlash over alleged privacy violations. The committee said that current laws …
Kenyan lawmakers oppose tax authority’s bid for unrestricted data access Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar strengthened against the safe-haven yen and Swiss franc on Monday, but weakened against most major currencies, as investors monitored the fighting between Israel and Iran for signs it could escalate into a broader regional conflict and braced for a week packed with central bank meetings. Tehran, however, …
US dollar firms versus yen, Swiss franc as Middle East tension simmers Read More »
By Portia Crowe and Divya Rajagopal BAMAKO (Reuters) -Canada’s Barrick Mining had its Loulo-Gounkoto gold complex in Mali placed under state control by a court on Monday in a major escalation of a dispute over taxes and ownership. A former Malian health minister, Soumana Makadji, will take over as provisional administrator for six months, …
Barrick Mining’s gold complex placed under state control in Mali Read More »
GABORONE (Reuters) -Botswana’s Debswana Diamond Company is looking to international capital markets to help fund its $6 billion Jwaneng underground project, a director said on Monday, as dwindling revenues have limited its ability to finance capital projects. Despite the downturn in the global diamond market since the second half of 2023, the company is pressing …
Botswana’s Debswana to approach capital markets to fund Jwaneng underground project Read More »
NIAMEY (Reuters) -Niger’s army has raided jihadist-controlled informal mining sites in the country’s west, killing more than a dozen insurgents and seizing material linked to the manufacture of improvised explosive devices, it said. An army statement said the raids took place last week in the Tagueye locality, near Niger’s western border with Burkina Faso. It …
Niger targets jihadist financing, kills 13 in illegal gold mine raids Read More »
