By Nicholas P. Brown (Reuters) – At a time when its knack for innovation is in question, Nike on Wednesday announced a project to help Kenyan running superstar Faith Kipyegon do what no woman ever has: run a mile in under four minutes. Nike said it is helping Kipyegon train, and designing shoes and apparel …
Nike seeks brand boost in shoe science for Kipyegon’s 4-minute mile bid Read More »
HARARE (Reuters) – Premier African Minerals is pursuing a lithium concentrate supply deal with commodities giant Glencore Plc, it said on Wednesday, as it seeks to clear debt from an inconclusive offtake agreement. The London-listed Premier operates the Zulu lithium mine in Zimbabwe, where it has missed several production deadlines because of technical problems to …
Premier African Minerals seeks lithium offtake deal with Glencore Read More »
By Felix Njini JOHANNESBURG(Reuters) – Vedanta Resources, is considering a U.S. public listing for its Zambian unit Konkola Copper Mines as one of its options to try to raise about $1 billion for mine development, three sources familiar with the details, told Reuters. The miner, owned by Indian billionaire Anil Agarwal, has hired Barclays and …
Exclusive-Vedanta weighs US listing to raise $1 billion for Zambian copper assets Read More »
KAMPALA (Reuters) -The Ugandan shilling traded broadly stable against the dollar on Wednesday, but was under a little pressure as fuel importers sought hard currency, traders said. At 0919 GMT commercial banks quoted the shilling at 3,657/3,667, compared to Tuesday’s close of 3,655/3,665. (Reporting by Elias Biryabarema; Editingt by Hereward Holland)
By Siyanda Mthethwa JOHANNESBURG (Reuters) -South African lender Capitec Bank reported on Wednesday a 30% rise in annual profit as net interest income grew by double digits, sending its shares higher. Capitec, one of the fastest growing South African banks targeting low-income earners, said that headline earnings – a key metric in South Africa – …
South African Capitec Bank posts 30% rise in annual profit Read More »
By Stephen Culp (Reuters) -U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines. U.S. stocks jumped further in extended trade after President Donald Trump said he has no plans to fire Federal Reserve Chair Jerome Powell, stepping …
Wall Street ends higher on earnings, hopes of easing tariff tensions Read More »
By Hannah Lang (Reuters) -The dollar regained some ground on Tuesday after U.S. Treasury Secretary Scott Bessent said in a closed-door meeting that he believes there will be a de-escalation in U.S.-China trade tensions. Bessent said neither side sees the status quo as sustainable, adding that the Trump administration’s goal was not to decouple the …
Dollar jumps after Bessent forecasts de-escalation in US-China trade tensions Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria will fully automate its expatriate residence permit process from May 1, a move aimed at significantly speeding up approvals and reducing opportunities for corruption, the Interior Minister Olubunmi Tunji-Ojo said. Critics say the current system for obtaining the Combined Expatriate Residence Permit and Cards (CERPAC) – the mandatory identification …
Nigeria automates expatriate permit process to boost efficiency, curb graft Read More »
JOHANNESBURG (Reuters) -The South African rand jumped on Tuesday as gold prices rose after U.S. President Donald Trump criticised Federal Reserve Chair Jerome Powell, rattling markets and boosting demand for the safe-haven asset. At 1400 GMT the rand traded at 18.6025 against the dollar, about 0.8% stronger than its close on Monday, after peaking about …
By Wendell Roelf (Reuters) -Six Central African nations expecting a foreign exchange windfall of billions of dollars from environmental restoration funds set aside by oil firms may in fact see less than $500 million by an April 30 deadline, two oil industry sources close to the talks told Reuters. Rules governing these restoration funds, mostly …
Central Africa’s new FX initiative falls short of target, oil industry sources say Read More »
