By Duncan Miriri NAIROBI (Reuters) – Kenya has received $600 million in short-term financing from commercial banks, backed by the country’s fuel levy collections from motorists, the finance minister said on Wednesday, to fund construction of roads in the face of budgetary constraints. The East African nation has been struggling to fund development projects due …
Kenya secures $600 million in short-term financing for roads Read More »
By Nyasha Nyaungwa WINDHOEK (Reuters) -Namibia’s central bank held its main interest rate on Wednesday, citing heightened global policy uncertainty as it raised its inflation forecasts for this year and next. The decision to maintain the repo rate at 6.75% followed four consecutive rate cuts. The Bank of Namibia estimated the Southern African country’s economy …
Namibia holds key lending rate on global policy uncertainty Read More »
JOHANNESBURG (Reuters) – South African business confidence slipped in March, data showed on Wednesday. The South African Chamber of Commerce and Industry’s Business Confidence Index was at 123.5 in March, down from 125.8 in February but higher than January’s 120.0 level. The chamber releases the index every two months. It noted that despite the latest …
South African business confidence index slips in March Read More »
KAMPALA (Reuters) – The Ugandan shilling was flat on Wednesday, drawing some support from low demand as most firms used their local currency holdings to clear their mid-month tax obligations, traders said. At 0901 GMT, commercial banks quoted the shilling at 3,662/3,672, the same level as Tuesday’s close. (Reporting by Elias Biryabarema; Editing by George …
Ugandan shilling stable as tax payments lend support Read More »
CAIRO (Reuters) – Algerian energy firm Sonatrach signed two memorandums of understanding (MOU) with U.S. shale company Occidental Petroleum to expand cooperation in hydrocarbon exploration and production in Algeria, Sonatrach said in a statement. The MOUs were signed on Monday on the sidelines of the US-Algeria Energy Forum 2025. (Reporting by Enas Alashray; Editing by …
Algeria’s Sonatrach, Occidental Petroleum sign MOUs on hydrocarbon cooperation Read More »
KAMPALA (Reuters) – The Ugandan shilling was steady on Tuesday amid low demand for dollars from merchandise importers and commercial banks, traders said. At 0857 GMT, commercial banks quoted the shilling at 3,662/3,672, compared with Monday’s close of 3,660 /3,670. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
GEORGETOWN (Reuters) -A consortium led by U.S. oil major Exxon Mobil is about to begin installing its fourth floating oil production facility in Guyana, the South American country’s maritime regulator said in a notice on Tuesday. The floating production storage and offloading (FPSO) facility ‘One Guyana,’ built by SBM Offshore with a 250,000 barrel-per-day capacity, …
Exxon consortium to begin installation of floating oil facility in Guyana Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Tuesday as investors digested the latest headlines on U.S. President Donald Trump’s on-again, off-again tariffs and tried to figure how much the U.S.-China trade war could reduce global economic growth and oil demand. Brent crude futures fell 21 cents, or 0.3%, to settle …
Oil prices steady as market considers latest US tariff changes Read More »
By Portia Crowe DAKAR (Reuters) -Malian authorities have shut the Canadian miner Barrick Gold’s office in the capital Bamako over the alleged non-payment of taxes, two sources close to the matter told Reuters, in the latest escalation of a protracted dispute over mining revenues. Barrick confirmed in a statement that departments within the government this …
Exclusive-Mali shuts Barrick Gold’s Bamako office over alleged non-payment of taxes Read More »
JOHANNESBURG (Reuters) -The South African rand retreated on Tuesday after the country’s central bank warned in a biannual review that the scope for monetary policy easing had narrowed because of global economic uncertainty. At 1521 GMT the rand traded at 19.0175 against the U.S. dollar, about 0.6% weaker on the day. The rand fell to …
South African rand retreats after central bank report Read More »
