Reuters Africa Business Archives - Page 18 of 921

Senegal rushes to avert oil spill after Turkish tanker incident off Dakar

30 Nov 2025 30 Nov 2025

DAKAR, Nov 30 (Reuters) – Senegalese authorities are racing to prevent a potential oil spill after water entered the engine room of the Panamanian-flagged oil tanker Mersin near Dakar’s coast, the port authority said on Sunday. The vessel is owned by Turkey’s Mersin Shipping Inc and managed by Besiktas Shipping, according to data from the …

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Barrick employees released from Mali prison after deal, sources say

29 Nov 2025 29 Nov 2025

DAKAR, Nov 29 (Reuters) – Four Malian employees of Barrick Mining have been released a year after they were detained in the capital Bamako amid a dispute between the company and the government, three sources told Reuters on Saturday. The two sides had been in a standoff over the implementation of the West African country’s …

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ICE canola futures lower on Friday but up for the week

29 Nov 2025 29 Nov 2025

WINNIPEG, Manitoba (Reuters) -ICE canola futures were weaker at the close on Friday but ended the week up more than $9 per metric ton. * January futures fell 90 cents to $650.70 per ton. TheMarch contract fell 30 cents to $664.20. * Thursday and Friday have seen weakness in the canolamarket, but Monday to Wednesday …

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Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting

28 Nov 2025 28 Nov 2025

By Georgina McCartney HOUSTON (Reuters) -Crude futures fell marginally on Friday as investors considered oil’s geopolitical risk premium amid drawn-out Russia-Ukraine peace talks, while keeping an eye on Sunday’s OPEC+ meeting for clues about potential output changes. U.S. West Texas Intermediate crude futures resumed trading after being frozen due to a system outage at exchange …

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US dollar set for worst week since July as Fed rate cut looms

28 Nov 2025 28 Nov 2025

By Karen Brettell NEW YORK (Reuters) -The U.S. dollar was heading for its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month. The dollar has dropped this week as traders conclude that weakening labor data will lead to more rate cuts, even …

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South Africa’s Eskom sees annual profit matching last year’s after strong first half

28 Nov 2025 28 Nov 2025

By Anathi Madubela JOHANNESBURG (Reuters) -South African state power utility Eskom said on Friday that it expected this year’s profit to be similar to last year’s, after a strong first six months helped by higher tariffs and lower finance costs. Eskom made 16 billion rand of profit after tax last year, its first full-year profit …

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South African rand gains after local monthly data releases

28 Nov 2025 28 Nov 2025

JOHANNESBURG (Reuters) -The South African rand edged up on Friday after the release of monthly economic data from the central bank, revenue service agency and National Treasury. At 1423 GMT, the rand traded at 17.11 against the dollar, about 0.2% firmer than Thursday’s close. Data from the South African Reserve Bank showed that M3 money …

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Kenya turns to China for $1.5 billion highway expansion

28 Nov 2025 28 Nov 2025

By Duncan Miriri GILGIL, Kenya (Reuters) -Kenya and two Chinese state firms launched construction of a $1.5 billion highway expansion on Friday, marking Beijing’s return to major infrastructure development in the East African economy after a years-long hiatus. The project, split into two phases, will be financed by the partners through a mix of debt …

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UK court lifts BB Energy’s injunction on South Sudan oil cargo to allow sale

28 Nov 2025 28 Nov 2025

By Robert Harvey and Sam Tobin LONDON (Reuters) -London’s High Court lifted an injunction on Thursday preventing the sale of a South Sudanese crude oil cargo due to load in the coming days, after the claimant, commodities trader BB Energy, decided not to ask for the injunction to be continued. BB Energy said it will …

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South African trade surplus at $909 million in October

28 Nov 2025 28 Nov 2025

JOHANNESBURG (Reuters) -South Africa recorded a trade surplus of 15.58 billion rand ($908.94 million) in October, revenue service figures showed on Friday. Analysts polled by Reuters had expected a surplus of 20 billion rand. ($1 = 17.1408 rand) (Reporting by Sfundo ParakozovEditing by Alexander Winning)