Reuters Africa Business Archives - Page 171 of 921

Kodal expects Mali permit soon to export 27,000 tons of stockpiled lithium

19 May 2025 19 May 2025

DAKAR (Reuters) -Kodal Minerals expects to receive an export permit soon for 27,000 metric tons of lithium concentrate stockpiled at its Bougouni project in Mali, it said on Monday, having previously reported export delays because of regulatory hurdles. The delays have come against a backdrop of declines in global lithium production – potentially by 228,000 …

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Guyana lawmakers pass bill making companies liable for oil spill damages

17 May 2025 17 May 2025

GEORGETOWN (Reuters) -Guyana’s parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali. Guyana, whose oil …

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France’s Orano explores sale of Niger uranium assets, FT reports

17 May 2025 17 May 2025

(Reuters) -French state-owned nuclear fuel company Orano is exploring the sale of its uranium assets in Niger after the breakdown of its relationship with the West African country’s military rulers, the Financial Times reported on Saturday, citing people familiar with the matter. The uranium miner said on Tuesday that it had filed a lawsuit with …

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Global equities gain, gold prices set for big weekly loss

16 May 2025 16 May 2025

By Chris Prentice and Stella Qiu NEW YORK/SYDNEY (Reuters) -Wall Street gained on Friday, as European shares climbed to a fifth straight weekly gain on upbeat earnings that helped sustain the rally sparked by a U.S.-China trade truce. Gold prices were set for their biggest weekly loss since November. Oil futures notched a weekly gain …

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Nigeria’s Renaissance Energy halts production on one line of Trans Niger oil pipeline

16 May 2025 16 May 2025

By Tife Owolabi YENAGOA, Nigeria (Reuters) – Nigerian oil firm Renaissance Energy has halted production on one line feeding into the Trans Niger oil pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny export terminal, following an operational incident, it said on Friday. An environmental rights group said on Thursday that …

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South African rand eases from five-month high

16 May 2025 16 May 2025

JOHANNESBURG (Reuters) -South Africa’s rand eased from its strongest level in five months on Friday, a day after a minister said that a new inflation-targeting plan was imminent. At 1425 GMT, the rand traded at 18.095 against the dollar, about 0.4% weaker than its previous close. It hit 17.9925 per dollar in the morning session …

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World Bank approves $350 million grant for Malawi hydropower project

16 May 2025 16 May 2025

BLANTYRE (Reuters) -The World Bank’s board of directors has approved a $350 million grant to support a large hydropower storage project in Malawi that will significantly increase the Southern African country’s generation capacity. The World Bank said in a statement late on Thursday that the Mpatamanga Hydropower Storage Project would help supply electricity to over …

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Ghana’s government to acquire land for cocoa plantations

16 May 2025 16 May 2025

ACCRA (Reuters) – Ghana’s government plans to acquire 200,000 hectares of land for cocoa plantations by the end of the year as part of efforts to boost production, Finance Minister Cassiel Ato Forson said on Friday. The world’s No. 2 cocoa producer has seen output fall to a two-decade low, partly due to climate change, …

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Guinea repossess 51 mining licences, information minister says

16 May 2025 16 May 2025

By Maxwell Akalaare Adombila DAKAR (Reuters) – Guinea’s military government has taken back 51 mining licences as it steps up efforts to repossess claims or concessions where operations have either not been launched or where it says permits are being underutilised, its information minister said. Reuters first reported that the government planned to cancel the …

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South Africa’s Tiger Brands sells canned fruit business for a rand

16 May 2025 16 May 2025

JOHANNESBURG (Reuters) -South Africa’s Tiger Brands will sell its canned fruit business, Langeberg and Ashton Foods, as a going concern for a symbolic one rand to a new company set up by a consortium, the country’s biggest food producer said on Friday. The sale of the business follows Tiger Brands’ strategic decision in May 2020 …

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