(Reuters) -Qatar and Egypt agreed to work towards a package of $7.5 billion in direct Qatari investments, according to a joint statement released by the Egyptian president’s office on Monday. Egypt is pushing ahead with efforts to secure funding from Gulf neighbours and foreign partners as it seeks to tackle heavy foreign debts and a …
CAIRO (Reuters) – Cairo-based financial services provider Beltone Holding has raised its capital by 10.5 billion Egyptian pounds ($205 million), it said in a statement on Monday. The capital increase “supports our growth plan across all of the company’s platforms, with a focus on strategic expansion, artificial intelligence and digital transformation,” the statement quoted chief …
Beltone Holding raises $205 million in new capital Read More »
By Tife Owolabi YENAGOA, Nigeria (Reuters) – Nigerian oil producer Oando Plc said three sabotage attacks had targeted its pipelines in the oil-rich Bayelsa state in the south of the country over the past week. The incidents involved the 18-inch Tepidaba-Brass crude oil pipeline in the Brass local government area and the 24-inch Ogboinbiri/Obiobi gas …
Oando pipelines in Nigeria’s oil-rich Bayelsa state hit by sabotage attacks Read More »
By Erwin Seba (Reuters) -Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. Brent crude futures settled at $64.76 a barrel, …
Brent, WTI prices climb more $1 on possible Iran crude restriction Read More »
By Tarek Amara TUNIS (Reuters) – Tunisian private banks have halted extending new loans exceeding 15 years to protect their profits after a new law cut borrowing costs, banking sources told Reuters, a move that could complicate Tunisians’ access to housing loans. President Kais Saied’s government imposed new lending regulations, which came into effect in …
By Tannur Anders and Sfundo Parakozov JOHANNESBURG (Reuters) -The South African rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists in the global trade war and the risk that South Africa’s coalition government might split. At 1507 GMT the rand was trading at 19.2050 against the dollar, …
South African rand recovers against weaker dollar but risks remain Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenya will terminate a 1.3-billion euro highway expansion deal with a consortium led by France’s Vinci SA with the project expected to go to a Chinese contractor instead, government officials and sources said. The deal to turn 140 km (87 miles) of single-lane road into a multilane highway linking …
Kenya pivots to China, away from France for 1.3-billion euro highway deal Read More »
LUSAKA (Reuters) – Zambia will resume construction of a power line linking it to East Africa, creating one of the largest energy markets in the world, a senior World Bank official said on Friday. Work on the Zambia–Tanzania Interconnector Project is set to resume this month, with estimated completion in 2028, Achim Fock, country manager …
Zambia to resume work on power line link to Tanzania, World Bank official says Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s pension fund regulator wants to diversify investments with more focus on infrastructure and private equity, a spokesperson said on Friday, a move that could unlock a major new source of capital in Africa’s most populous nation. The voluntary and privately managed Retirement Savings Account held assets of 23.26 …
Nigeria’s pension fund seeks to diversify with focus on infrastructure Read More »
NAIROBI (Reuters) – The Kenyan shilling weakened slightly on Friday as foreign exchange demand rose in response to uncertainty over U.S. President Donald Trump’s tariffs, traders said. At 0836 GMT, commercial banks quoted the shilling at 129.40/90 per dollar, compared with Thursday’s close of 129.25/75, LSEG data showed. (Reporting by Hereward Holland; Editing by Alexander …
Kenyan shilling weakens on US tariff uncertainty, traders say Read More »
