Reuters Africa Business

NIAMEY (Reuters) – Niger expelled three Chinese oil executives in a dispute over disparities between the salaries of expatriate staff and lower-paid local workers, Oil Minister Sahabi Oumarou said. Reuters reported last week that Niger’s junta had ordered three Chinese officials working in the oil sector to leave within 48 hours. The officials were Niger-based …

Niger expelled Chinese oil execs over local-expatriate pay gap, minister says Read More »

(Reuters) – Citi Research on Thursday raised its gold price target for the next three months to $3,200 per ounce from $3,000, citing robust official sector demand and higher exchange-traded-fund demand. “In our bull case, we see gold prices reaching $3,500 per ounce by year-end, underpinned by much higher hedging/investment demand on fears of US …

Citi hikes gold price target for next 3 months to $3,200 per ounce Read More »

(Reuters) – Goldman Sachs downgraded its recommendation on South African equities to “marketweight” from “overweight” on Thursday, saying the European Union’s growth prospects presented better opportunities to invest in the region’s emerging markets. Consequently, the Wall Street brokerage bumped up its rating on the Czech Republic to “neutral” from “underweight” and kept its “marketweight” rating …

Goldman downgrades South African equities, bullish on emerging Europe Read More »

NAIROBI (Reuters) – The Kenyan shilling held steady on Thursday compared with the previous session, supported by subdued dollar demand from importers, traders said. At 0802 GMT commercial banks quoted the shilling at 129.25/129.45, same level as Wednesday’s close. (Reporting by Elias Biryabarema; Editing by Bate Felix)

DUBAI (Reuters) – Etihad Airways will start flying to Addis Ababa in October this year under a joint venture with Ethiopian Airlines, Abu Dhabi’s hub carrier said in a statement on Wednesday. Under the deal, which includes a codeshare arrangement, Etihad will start direct flights from Abu Dhabi to the Ethiopian capital on October 1, …

Abu Dhabi’s Etihad Airways to start flights to Addis Ababa in October Read More »