Reuters Africa Business

Harmony Gold considers Papua New Guinea copper venture with Newmont Corp

19 Nov 2025

(Corrects company name to Harmony Gold, not Rainbow Minerals, in headline, paragraph 1 and in media identifier) By Colleen Goko and Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s Harmony Gold is evaluating a substantial copper venture in Papua New Guinea in partnership with U.S. mining giant Newmont Corporation, Chairman Patrice Motsepe said on Tuesday. “There’s a …

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Exclusive-Total and Chevron lead race to buy into Galp’s Namibia oil discovery, sources say

19 Nov 2025

By America Hernandez, Sergio Goncalves and Wendell Roelf LISBON/PARIS/CAPE TOWN -Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp’s Mopane discovery in Namibia, four sources told Reuters. Oil companies have flocked to Namibia, which has no hydrocarbon production, after a string of high-profile discoveries showed the …

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Kenya seeks grip on fiscal consolidation as spending pressure mounts

19 Nov 2025

By Duncan Miriri NAIROBI (Reuters) -Kenya will keep its budget deficit for the fiscal year starting in July broadly in line with its current target, the Finance Ministry said on Wednesday, as it seeks to keep a lid on borrowing in spite of growing spending demands. The East African nation has been struggling with heavy …

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Three-quarters of $5 billion East Africa crude pipeline built, Uganda says

19 Nov 2025

KAMPALA (Reuters) -About three-quarters of a $5 billion pipeline crucial for exporting crude oil from Ugandan fields through neighbouring Tanzania has been built, Uganda’s state-run sector regulator said on Wednesday. After nearly two decades of delay, Uganda has now set the second half of next year as the target for starting production from oilfields in …

Three-quarters of $5 billion East Africa crude pipeline built, Uganda says Read More »

Airtel Africa flies high on FTSE as mobile money listing looms

19 Nov 2025

By Danilo Masoni MILAN (Reuters) -Airtel Africa’s stellar FTSE 100 run this year, second only to gold miner Fresnillo, has shone a light on African telecoms, often overlooked by global investors. A top-two player in each of the 14 African countries in which it operates, including Nigeria, Airtel has been a patient bet for emerging-market …

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South African retail sales rise 3.1% year-on-year in September

19 Nov 2025

JOHANNESBURG (Reuters) -South African retail sales rose 3.1% year-on-year in September after rising by a revised 2.2% in August, Statistics South Africa figures showed on Wednesday. Seasonally adjusted retail sales were flat at 0.0% month-on-month in September. (Reporting by Sfundo Parakozov;Editing by Alexander Winning)

Namibia’s central bank governor to leave post after five years

19 Nov 2025

WINDHOEK (Reuters) -Namibia’s central bank said on Wednesday that its governor, Johannes !Gawaxab, would leave his position at the end of 2025, a year before his term was due to end. !Gawaxab was first appointed in June 2020 for 18 months after his predecessor was named finance minister. He was later appointed for a five-year …

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South Africa inflation lifts slightly ahead of close rate call

19 Nov 2025

By Anathi Madubela and Sfundo Parakozov JOHANNESBURG (Reuters) -South African inflation rose slightly in October, but by less than expected, prompting analysts to predict Thursday’s interest rate decision by the central bank was likely to be a close call. Headline consumer inflation climbed to 3.6% year-on-year from 3.4% in September, staying within the 1 percentage …

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Heineken agrees to transfer brewery in war-hit eastern Congo to Mauritian firm 

19 Nov 2025

KINSHASA (Reuters) -Heineken has agreed to transfer its brewery in Bukavu, the second largest city in war-hit eastern Democratic Republic of Congo, to a Mauritian company for 1 euro, the Dutch brewer said in a statement on Wednesday, after losing operational control of the facility earlier this year. The handover of the brewery to Synergy …

Heineken agrees to transfer brewery in war-hit eastern Congo to Mauritian firm  Read More »

US stocks lose ground, gold resumes its climb as risk appetite sours

19 Nov 2025

By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed sharply lower on Tuesday, extending a selloff prompted in part by the run-up to Nvidia earnings, which could test the artificial intelligence boom amid mounting valuation concerns. All three major U.S. stock indexes ended deep in negative territory, with crude, bitcoin and gold advancing and …

US stocks lose ground, gold resumes its climb as risk appetite sours Read More »

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