JOHANNESBURG (Reuters) -South Africa’s Capitec Bank said on Friday that Group CEO and founding member Gerrie Fourie will retire in July after 11-1/2 years at the helm, and named Graham Lee, the group executive of its retail bank division, as his successor. Fourie has been on the executive management team for the past 25 years. …
South Africa’s Capitec Bank CEO Gerrie Fourie to retire in July Read More »
(Reuters) – The Kenyan shilling firmed slightly against the dollar on Friday, data from the London Stock Exchange Group (LSEG) showed. At 0848 GMT, the shilling traded at 128.80/129.80, compared with 129.10/129/60 at Thursday’s close. (Reporting by Hereward Holland; Editing by Bate Felix)
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks fell for a second straight session and gold hit a record high on Thursday after the latest tariffs from U.S. President Donald Trump’s administration that expanded the trade war to autos. Trump on Wednesday announced 25% tariffs on vehicles and foreign-made auto parts imported into the United …
Stocks down, gold hits record after Trump’s latest tariff volley Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar was mixed on Thursday as traders mulled how severe tariffs scheduled to be revealed by U.S. President Donald Trump next week are likely to be, while the Canadian dollar and Mexican peso weakened after Trump announced auto trade levies. Rising optimism that Trump will be flexible in …
Dollar mixed, Mexican peso and Canadian dollar drop on auto tariffs Read More »
By Camillus Eboh ABUJA (Reuters) – State-owned Nigerian National Petroleum Co. Ltd. (NNPC) is in the “final” stages of preparations for an initial public offering, a senior company official said on Thursday, but gave no time frame for the IPO which has been talked about for a few years. Chief Finance and Investor Relations Officer …
Nigeria’s NNPC in ‘final’ stages of preparations for IPO, says official Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Moroccan telecoms operators Maroc Telecom and Inwi said on Thursday they agreed to share their infrastructure in a joint investment to roll out a 5G network in the country. To deploy the network, the two operators agreed to begin by investing 4.4 billion dirhams ($460 million) over the next …
Morocco’s Maroc Telecom, Inwi team up to roll out 5G network Read More »
JOHANNESBURG (Reuters) – The South African unit of MTN Group and American low-earth orbit (LEO) satellite provider Lynk Global said on Thursday they had made Africa’s first phone call via satellite, a potential solution to providing coverage in underserviced and rural areas. Mobile operators and smartphone makers are racing to deploy satellite services to close …
MTN, Lynk make Africa’s first satellite voice call using smartphone Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday as markets fretted over U.S. President Donald Trump’s tariffs due next week. At 1407 GMT, the rand traded at 18.3375 against the U.S. dollar, about 0.4% weaker than its previous close. The dollar was last down about 0.3% against a basket of currencies. Trump on Wednesday announced …
South African rand wobbles as markets await Trump’s tariffs Read More »
NAIROBI (Reuters) – The Kenyan, Ugandan, Nigerian and Ghanaian currencies are expected to be broadly stable against the dollar in the next week to Thursday, while Zambia’s is seen under pressure, traders said. KENYA Kenya’s shilling is expected to hold its ground because of subdued foreign-currency demand from the manufacturing sector and fuel importers through …
AFRICA-FX-Most currencies seen steady except Zambia’s Read More »
(Reuters) – The Kenyan shilling was stable against the dollar on Thursday, data from the London Stock Exchange Group (LSEG) showed. At 1013 GMT, the shilling traded at 129.15/129.65, compared with 129.10/129/60 at Wednesday’s close. (Reporting by Hereward Holland; Editing by George Obulutsa)
