Reuters Africa Business

Mali suspends artisanal gold mining activities due to weather conditions

3 Jun 2025

DAKAR (Reuters) – Mali has suspended artisanal gold mining activities during the June to September rainy season to protect workers from landslides, the West African country’s mines ministry said on Tuesday. A spokesperson for the ministry told Reuters that meteorological services have forecast heavy rains from June 15 to September 30. “The reason for this …

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Vodacom names new international markets CEO

3 Jun 2025

(Reuters) – Vodacom Group named its Egypt CEO Mohamed Abdallah as the new top boss for Vodacom International Markets on Tuesday. Under the expanded role, Abdallah will oversee operations in additional African markets including the Democratic Republic of the Congo, Lesotho, Mozambique and Tanzania, the company said. (Reporting by Raechel Thankam Job in Bengaluru; Editing …

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Egypt’s non-oil private sector contraction slows in May, PMI shows

3 Jun 2025

CAIRO (Reuters) – Activity in Egypt’s non-oil private sector edged closer to stability in May, with softer contractions in new business and output, according to an S&P Global survey released on Tuesday. The headline seasonally adjusted S&P Global Egypt Purchasing Managers’ Index (PMI) rose to 49.5 from 48.5 in April, remaining below the 50.0 threshold …

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Woodside Energy seeks arbitration in dispute with Senegal

3 Jun 2025

DAKAR (Reuters) – Australia’s Woodside Energy has filed a request for international arbitration with the International Centre for Settlement of Investment Disputes (ICSID) given the lack of resolution on certain matters with Senegal, a spokesperson for the company said on Monday. “Woodside strongly believes we have acted in accordance with applicable regulations, the Sangomar Production …

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Oil gains on supply concerns as wildfires disrupt Canada supply, OPEC+ keeps output plans unchanged

2 Jun 2025

By Nicole Jao NEW YORK (Reuters) -Oil prices climbed nearly 3% on Monday on supply concerns as producer group OPEC+ decided not to accelerate plans to hike output and wildfires in Canada’s oil-producing province disrupted production. Brent crude futures settled $1.85, or 2.95%, higher at $64.63 a barrel. U.S. West Texas Intermediate crude gained $1.73, …

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Ivanhoe plans partial restart for flooded Congo copper mine in late June

2 Jun 2025

JOHANNESBURG (Reuters) – Ivanhoe Mines said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month that was closed due to underground seismic activities. The Canadian miner temporarily stopped operations at the Kakula mine, part of its giant Kamoa-Kakula copper mining complex, after …

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Nigeria imports Danish cows in bid to slash $1.5 billion milk import bill

2 Jun 2025

By Camillus Eboh ABUJA (Reuters) -Nigeria is importing dairy cattle from Denmark as it aims to double its milk output within five years, part of a plan to cut dairy imports that cost the country $1.5 billion a year, Livestock Minister Idi Maiha said on Monday. Despite boasting one of Africa’s largest cattle populations, Nigeria’s …

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Botswana to slash growth forecast amid prolonged diamond market downturn

2 Jun 2025

By Brian Benza GABORONE (Reuters) -Botswana will cut its 2025 economic growth forecast to almost zero due to a prolonged downturn in the global diamond industry, a senior financial ministry official said Monday, with the budget deficit also seen widening due to reduced diamond revenue. Botswana is the world’s leading producer of diamonds by value …

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Mali court adjourns hearing on whether to put Barrick’s gold mines under provisional administration

2 Jun 2025

By Tiemoko Diallo and Portia Crowe BAMAKO (Reuters) -A Malian court has adjourned to Thursday a hearing on whether to put Barrick Mining’s Loulo-Gounkoto gold complex under provisional administration, the court’s registry office and one of the lawyers involved told Reuters on Monday. Granting the request would represent a major escalation of a dispute between …

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South African rand shrugs off mixed local data

2 Jun 2025

JOHANNESBURG (Reuters) -The South African rand strengthened against a weaker dollar on Monday, shrugging off a further decline in local manufacturing sentiment and upbeat vehicle sales figures. At 1406 GMT, the rand traded at 17.8850 against the dollar, about 0.6% firmer than Friday’s closing level. The seasonally-adjusted Purchasing Managers’ Index sponsored by South African bank …

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