NIAMEY (Reuters) -Niger has asked that some Chinese employees working on oil projects leave the country, documents seen by Reuters on Friday showed, a move that could affect dozens and further strain bilateral ties. Similar to other West African countries, junta-led Niger has been trying to assert greater control over its natural resources and promote …
Niger plans to cut number of Chinese oil workers, documents show Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators. Brent crude futures settled at $64.78 a barrel, up 34 cents, or 0.54%. U.S. West Texas Intermediate crude futures …
ACCRA (Reuters) -The Bank of Ghana held its main interest rate steady at 28.0% on Friday, maintaining its tight monetary policy as inflationary pressures continued to ease due to exchange rate stability and fiscal consolidation. Most economists surveyed by Reuters had expected the central bank to leave the rate on hold after a surprise 100 …
Ghana central bank keeps key rate on hold as inflation eases Read More »
By Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s commodity-backed currency was stronger against a weaker dollar on Friday, helped by higher gold prices as worries over the United States’ worsening fiscal health sent investors into the safe-haven asset. At 1513 GMT, the rand traded at 17.88 against the dollar, about 0.7% stronger than Thursday’s closing level. …
South African rand boosted by gold, focus on rate decision next week Read More »
BEIJING (Reuters) -Chinese miner Zijin said it paused some operations in its Kamoa-Kakula copper mine in the Democratic Republic of Congo due to recent mine tremors of unknown cause, according to a stock exchange filing by the company on Friday. Relevant people and equipments have been evacuated from the mines affected, and no injuries have …
Zijin Mining pauses some operations in Kamoa-Kakula copper mine Read More »
LONDON (Reuters) -Ivanhoe Mines on Friday disputed a statement by its Chinese partner about problems at their co-owned Kakula copper mine in the Democratic Republic of Congo after seismic activity. “The press release by Zijin Mining refers to ‘..multiple roof-falling and rib-spalling in the eastern section of the [Kakula] mine,’ Ivanhoe said. “Ivanhoe Mines does …
Ivanhoe says it disputes Zijin statement on Congo mine problems Read More »
By Olivia Kumwenda-Mtambo and Nqobile Dludla JOHANNESBURG (Reuters) -South Africa has announced draft policy recognising alternatives to Black ownership requirements, which could encourage Elon Musk’s Starlink and other communications companies to operate in the country. South Africa’s Electronic Communications Act requires foreign-owned communications licensees to sell 30% of equity in their local subsidiaries to historically …
KAMPALA (Reuters) -The Ugandan shilling traded flat against the dollar on Friday, with activity thin on both demand and supply sides, traders said. At 0706 GMT commercial banks quoted the shilling at 3,645/3,655, same level as Thursday’s close. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
(Reuters) – German defence electronics maker Hensoldt plans to divest its optronic subsidiary in South Africa, a source familiar with the matter told Reuters on Friday. The source said that the firm is in talks with around twenty parties for the transaction to divest the subsidiary, which generates around 15 million euros ($17.02 million) but …
Hensoldt to sell South African optronics business, says source Read More »
NAIROBI (Reuters) -Kenya’s shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed. At 0919 GMT, the shilling traded at 129.00/129.50 per dollar, compared to 128.95/129.45 at Thursday’s close. (Reporting by Hereward Holland; Editing by Anait Miridzhanian)
