Reuters Africa Business

Astronomers fear impact of Musk’s Starlink on South Africa mega-telescope observations

By Wendell Roelf CAPE TOWN (Reuters) -Astronomers working with South Africa’s SKA telescope are pushing authorities to ensure that any licensing agreement with Elon Musk’s Starlink will protect their groundbreaking observations, a senior scientist said. Discussions to bring Musk’s internet service Starlink in South Africa have already been contentious, with parent company SpaceX criticising local …

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Ethiopian Airlines considering order for at least 20 regional jets, CEO says

By Shivansh Tiwary NEW DELHI (Reuters) -Ethiopian Airlines is looking to order at least 20 regional or small narrowbody jets as it moves to expand its domestic fleet and replace some ageing aircraft, the airline’s chief executive told Reuters on Monday. “We are evaluating three aircraft models, the E-2 from Embraer, the A220 from Airbus, …

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South African factory conditions deteriorate further, Absa PMI shows

JOHANNESBURG (Reuters) -A gauge of South African manufacturing sentiment fell further in May, with survey respondents citing persistent logistical issues that have held back demand. The seasonally-adjusted Purchasing Managers’ Index (PMI) sponsored by South African bank Absa declined to 43.1 points from 44.7 in April. It was the seventh straight month that the headline PMI …

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Eramet’s shares slide as Gabon plans manganese ore export ban

PARIS (Reuters) -Shares in Eramet fell sharply on Monday after Gabon announced an export ban on unrefined manganese from 2029, potentially upending the French mining group’s massive export-orientated production of the steel ingredient in the West African country. Gabon’s plan, announced by the government in a weekend statement, comes as several African countries – including …

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Ugandan shilling stable on weak importer appetite

KAMPALA (Reuters) -The Ugandan shilling was steady in early trade on Monday compared with the previous session, underpinned by slow importer appetite for hard currency, traders said. At 0755 GMT commercial banks quoted the shilling at 3,633/3,643 against the dollar, stable from Friday’s close. (Reporting by Elias Biryabarema; Editing by Bate Felix)

Soccer-Pyramids are champions of continent but still second best at home

By Mark Gleeson CAIRO (Reuters) -Unfancied Pyramids of Egypt might have been crowned African champions on Sunday, but their Croatian coach Krunoslav Jurcic said they still faced a struggle to assert themselves in their own country. The club – who changed their name, moved to Cairo and won promotion to the Egyptian top flight seven …

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Egypt plans desert city supplied with diverted Nile water

CAIRO (Reuters) -Egypt unveiled plans on Sunday to build a desert city that will see about 7% of Egypt’s annual Nile River quota rerouted from fertile delta land to pass by upscale glass-fronted housing units and eventually a large agricultural project. Egypt, facing mounting water shortages, power constraints, and a deepening economic crisis, wants the …

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Nigeria’s Dangote oil refinery extends WTI buying spree into July

By Robert Harvey, Shariq Khan and Isaac Anyaogu LONDON (Reuters) -Nigeria’s Dangote oil refinery will import at least five million barrels of U.S. WTI crude oil in July, three trading sources told Reuters, extending its buying spree after a potential record tally for June. The giant new 650,000 barrel per day capacity oil refinery is …

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Afreximbank’s debt restructuring standoff with Ghana intensifies amid loan dispute

By Karin Strohecker and Libby George LONDON (Reuters) -Afreximbank has signalled that Ghana has kept up loan repayments, two sources told Reuters. Ghana says it hasn’t made debt service payments in two years and it wants to restructure its debt with the African lender. The African lender, the sources said, told its investors on a …

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Ghana gold output could rise 6.25% to 5.1 million ounces in 2025

ACCRA (Reuters) -Ghana’s gold production could increase by around 6.25% to approximately 5.1 million ounces in 2025, up from last year’s record output of 4.8 million ounces, the Chamber of Mines in Africa’s top gold-producing nation said on Friday. High output has been driven by strong production from artisanal mining and the introduction of new …

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