Reuters Africa Business

(This May 9 story has been corrected to remove references to company ownership in paragraphs 2 and 10) (Reuters) – Twangiza Mining, a gold miner operating in the rebel-controlled South Kivu Province in the eastern Democratic Republic of Congo, said it has been ordered to suspend operations by the rebel administration, according to a company-wide …

Congo gold miner halts operations in tax dispute with M23 rebel administration Read More »

By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) – MSCI’s global equities index barely rose on Friday and the dollar lost ground as a U.S. trade deal with Britain fueled guarded optimism for U.S. tariff negotiations with China and other countries. U.S. President Donald Trump pushed back against the idea that the UK deal …

Stocks hit pause, dollar slips with China/US trade talks in focus Read More »

By Shariq Khan NEW YORK (Reuters) -Oil prices settled nearly 2% higher on Friday and notched their first weekly gains since mid-April as a U.S. trade deal with the United Kingdom turned investors optimistic ahead of talks between top officials from Washington and Beijing. Brent crude futures rose $1.07, or 1.7%, to settle at $63.91 …

Oil prices post weekly gains on US-China trade talk optimism Read More »

By Camillus Eboh ABUJA (Reuters) -Nigeria’s Senate passed four tax reform bills on Friday aimed at boosting government revenue, nearing completion of a plan that has faced criticism and pushback from within President Bola Tinubu’s ruling All Progressives Congress. After ending costly subsidies and twice devaluing the naira currency in his first year in office, …

Nigeria’s Senate passes tax reform bills to boost government revenue Read More »

JOHANNESBURG (Reuters) -The South African rand was little changed on Friday, as financial markets were firmly focused on U.S.-China trade talks this weekend after a U.S. deal with Britain raised hopes for progress in tariff talks with other countries. At 1320 GMT the rand traded at 18.2325 against the dollar, about 0.1% weaker than Thursday’s …

South African rand little changed before US-China trade talks Read More »

By Hereward Holland NAIROBI (Reuters) -Kenyan telecoms firm Safaricom said on Friday that its earnings could surge as much as 50% this financial year as it projected that losses in key expansion market Ethiopia would fall steeply. Safaricom, partly owned by South Africa’s Vodacom and Britain’s Vodafone, launched in Ethiopia in 2022 as the government …

Safaricom sees earnings surge as Ethiopia startup losses fall Read More »

By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -Global equities were slightly higher on Thursday, with Wall Street outperforming, while the dollar and Treasury yields also gained after the United States and United Kingdom outlined a trade deal, fueling hopes for compromises with other countries. Cryptocurrencies were also bolstered by the U.S.-UK trade agreement, …

Equities rise with dollar, bond yields on trade optimism after US-UK deal Read More »

By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, the world’s two largest oil consumers. Brent crude futures settled up $1.72, or 2.8%, at $62.84 a barrel. U.S. West Texas Intermediate crude rose $1.84, or …

Oil prices rise 3% on support from US-China trade hopes Read More »