KAMPALA (Reuters) -The Ugandan shilling weakened against the dollar on Friday, undercut by increased demand for dollars from commercial banks, traders said. At 0743 GMT commercial banks quoted the shilling at 3,652/3,662, compared with Thursday’s close of 3,645/3,655. (Reporting by Elias Biryabarema; Ediiting by George Obulutsa)
(Reuters) -Saudi Arabia’s benchmark stock index extended losses to a second session on Friday, but was set to finish the week higher, while most other stock markets in the Gulf traded flat. Earlier this week, investor sentiment was boosted by a surge in optimism, driven by a U.S.-China trade breakthrough and a series of high-profile …
Saudi Arabia’s stocks fall, most other Gulf markets flat Read More »
NAIROBI (Reuters) -Kenya’s shilling was stable against the dollar on Friday, data from the London Stock Exchange Group showed. At 0727 GMT, the shilling traded at 129.00/129.40 per dollar, unchanged from Thursday’s close. (Reporting by George Obulutsa, Editing by Bhargav Acharya)
KAMPALA (Reuters) -Uganda’s lawmakers have approved the government’s proposed budget for the fiscal year starting in July, with planned spending roughly steady compared with the previous year, the parliament said. The East African country will spend 72.4 trillion Ugandan shillings ($20 billion) in the 2025/26 (July-June) financial year, little-changed from the spending for the year …
Ugandan parliament approves proposed 2025/26 government spending Read More »
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) -Oil dropped over 2% on Thursday as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply, and Wall Street indexes were mixed in choppy trading. European shares reversed losses to end higher, with corporate earnings in the spotlight, and gold prices jumped …
Oil prices drop on US-Iran progress; global shares gain in choppy trade Read More »
YENAGOA, Nigeria (Reuters) – Nigeria’s Trans Niger Pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny export terminal, burst and spilled oil into the local B-Dere community in Ogoniland, an environmental rights group said on Thursday. This is the second incident affecting the Trans Niger Pipeline in two months. In March, …
Nigeria’s Trans Niger oil pipeline bursts, spills crude, rights group says Read More »
By Maxwell Akalaare Adombila DAKAR (Reuters) -Guinea has revoked the licences of 46 mining companies operating in the country, a government source told Reuters on Thursday, while another said it could be up to 53 permits, in what some analysts see as a warning shot to larger operators in the world’s second-largest bauxite producer. The …
Guinea revokes 46 mining licences, signalling stricter oversight of major operators Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar slipped on Thursday after a flurry of economic data, including a gauge of consumer health that showed retail spending slowed in April as an uncertain economic outlook weighed on sentiment. The Commerce Department said retail sales edged up 0.1% last month after an upwardly revised 1.7% …
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Thursday, after a deputy finance minister indicated that a lower inflation target could be introduced soon, analysts said. At 1525 GMT, the rand traded at 18.0775 against the dollar, about 1.1% firmer than Wednesday’s closing level. “The rand is reacting positively to news that Treasury is supporting the …
South African rand gains on hopes of change to inflation target range Read More »
By Libby George LONDON (Reuters) -The European Bank for Reconstruction and Development (EBRD) has cleared new member states Nigeria, Ivory Coast and Benin for investments following approval by the development finance institution’s board, it said on Thursday. The move will give the countries access to millions of euros in potential investments from EBRD, cementing an …
EBRD greenlights new African members for investment Read More »
