PARIS (Reuters) – Morocco will extend its current subsidy programme for soft wheat imports until December 31, state grains agency ONICL said on Monday, indicating the drought-affected country will need to import throughout the year. Citing a decision by Morocco’s finance and agriculture ministries, ONICL said in a statement on its website that the new …
Drought-hit Morocco to extend wheat import subsidies to year-end Read More »
By Robbie Corey-Boule DAKAR (Reuters) -The International Monetary Fund said on Monday that talks on a new programme for Senegal could not go ahead until the government addressed the misreporting of key economic data under the previous government. The IMF suspended its existing $1.8 billion credit facility to Senegal pending a review of state finances, …
IMF says no talks on new Senegal programme until misreporting addressed Read More »
By Nelson Banya and Aaditya GovindRao (Reuters) -Australia’s Gold Road Resources said on Monday it had rejected Gold Fields’ $2.1 billion buyout bid because it believed the offer materially undervalued the company and was “highly opportunistic”. Gold Fields’ CEO Mike Fraser told Reuters he was still confident that Gold Road’s shareholders would back the deal. …
Gold Road rejects Gold Fields’ ‘highly opportunistic’ $2.1 billion takeover bid Read More »
JOHANNESBURG (Reuters) -South Africa’s rand gained on Monday as investors awaited clarity on the next round of tariffs from U.S. President Donald Trump. At 1413 GMT, the rand traded at 18.1275 per dollar, about 0.5% stronger than its previous close. “The rand is gaining support from uncertainty surrounding U.S. tariff developments and elevated gold prices,” …
South African rand jumps as markets ponder US tariffs Read More »
NAIROBI (Reuters) – Kenya’s shilling was broadly stable against the dollar on Monday, data from the London Stock Exchange Group showed. At 0918 GMT, the shilling traded at 129.20/50 per dollar, compared to 129.15/45 at the close of Friday’s session, the data showed. (Reporting by Hereward Holland)
(Reuters) – Astral Foods said on Monday it expects its half-year profit to decline by as much as 60%, with a recent cybersecurity incident compounding the impact of lower chicken prices and higher input costs. South Africa’s top poultry producer said its flagship division was negatively affected by downtime in processing and deliveries to customers …
S.Africa’s Astral Foods flags sharp profit fall, reports cyber attack Read More »
JOHANNESBURG (Reuters) – South Africa’s government and state-owned logistics group Transnet are looking at new ways to attract private investment in the country’s ailing freight rail network, the Transport Minister said on Sunday. Transnet has struggled to provide adequate freight rail and port services because of equipment shortages and maintenance backlogs after years of under-investment, …
South Africa to issue request for proposals for private-sector rail investment in Aug Read More »
CAIRO (Reuters) – The Sudanese army seized control of the main headquarters of the country’s central bank, two military sources told Reuters on Saturday, as the army continues to make advances in the capital against rival paramilitary Rapid Support Forces (RSF). The takeover came a day after it seized full control of the presidential palace …
(Reuters) – Democratic Republic of Congo could extend a four-month export ban on cobalt introduced in February following a sharp drop in the metal’s price, government spokesperson Patrick Muyaya said on Friday. The world’s top producer of cobalt halted the metal’s exports in February in a bid to curb a global supply glut and stabilize …
Congo could extend cobalt export ban, government spokesperson says Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street edged higher and the dollar gained ground on Friday after U.S. President Donald Trump hinted he would be flexible regarding a new round of tariffs expected to be imposed early next month. Even so, lingering economic uncertainties and churning geopolitical tension kept investors cautious. All three major …
Wall St ends higher, dollar rises as Trump signals tariff respite Read More »
