Reuters Africa Business

By Camillus Eboh, Tife Owolabi and Isaac Anyaogu ABUJA, Dec 17 (Reuters) – Nigerian President Bola Tinubu has asked the Senate to confirm two new heads for Nigeria’s oil and gas regulators after their predecessors abruptly quit, amid a high stakes clash between one agency and Africa’s richest man, Aliko Dangote. Tinubu’s nominations follow the …

Nigeria’s Tinubu nominates new oil regulators after chiefs resign amid Dangote dispute Read More »

By Duncan Miriri and Emma Rumney NAIROBI/LONDON, Dec 17 (Reuters) – Diageo, the world’s largest spirits group, has agreed to sell its 65% stake in East African Breweries to Japan’s Asahi Holdings for $2.3 billion, divesting its last direct African beer holding. The deal values EABL, a Nairobi blue chip stock and one of East …

Diageo sells East African Breweries stake to Asahi for $2.3 billion Read More »

By Nellie Peyton and Ted Hesson JOHANNESBURG/WASHINGTON, Dec 17 (Reuters) – South Africa on Wednesday said its authorities had arrested and would deport seven Kenyan nationals illegally working on processing refugee applications for the U.S. government. Two U.S. Citizenship and Immigration Services refugee officers were also briefly detained and then released during the operation on …

South Africa arrests Kenyans working on US refugee applications Read More »

JOHANNESBURG, Dec 17 (Reuters) – The South African rand gained on Tuesday after domestic data showed a pickup in the leading business cycle indicator in October from September, and slightly softer than expected inflation in November. At 1409 GMT, the rand traded at 16.7050 against the dollar, about 0.3% stronger than its previous close. South …

South African rand strengthens after economic data Read More »

By Anathi Madubela JOHANNESBURG, Dec 17 (Reuters) – South African inflation slowed for the first time in three months in November, bolstering expectations that the central bank will cut interest rates further next year even with its new, lower inflation target. Headline consumer inflation slowed to 3.5% year on year in November from 3.6% in …

South African inflation eases, economists see more rate cuts ahead Read More »