KINSHASA (Reuters) -The Democratic Republic of Congo has extended for six months a ban on the trading of minerals from dozens of artisanal mining sites in conflict-hit North and South Kivu provinces, the mines ministry said. The extension adds compliance pressure on global supply chains for tin, tantalum and tungsten, key inputs for the electronics, …
Congo extends ban on trade in minerals from sites in war-hit east Read More »
DUBAI (Reuters) -Boeing said on Monday that Air Senegal will purchase nine Boeing 737-MAX aircraft under a deal signed at the Dubai Airshow. The agreement includes the purchase of nine aircraft and options to purchase six more, an official for the planemaker said during the Dubai Airshow. The signing ceremony was attended by Senegal’s Minister …
Boeing says Air Senegal will purchase nine 737-MAX planes Read More »
JOHANNESBURG (Reuters) -South Africa’s MTN said on Monday its service revenue for the nine months to September rose by 25.9%, driven by strong performances in Nigeria and Ghana. Africa’s biggest telecom operator, which has more than 300 million customers in 16 markets across the continent, said that excluding the effect of currency fluctuations, group service …
South Africa telco MTN’s service revenue rises 26% on Nigeria, Ghana growth Read More »
By Divya Rajagopal TORONTO -The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the company’s thinking told Reuters. A split could also include the outright sale of Barrick’s African assets …
Barrick Mining considers splitting into two entities, sources say Read More »
KINSHASA (Reuters) -Around 30 people were killed at a semi-industrial copper mine in southeastern Congo on Saturday after a bridge collapsed, the country’s artisanal mining agency said. An agency official told Reuters there were 49 deaths and 20 people had been taken to hospital in a critical condition as a result of the incident, which …
Around 30 people killed in Congo copper mine incident, officials say Read More »
By Noel Randewich (Reuters) -Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia’s quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December. The Nasdaq ended higher and the S&P 500 finished marginally weaker after an early selloff that dragged all …
Wall Street ends mixed; traders look to Nvidia report Read More »
By Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa granted entry to 130 Palestinians without travel papers after initially barring them but said it will examine accusations that an unregistered organisation arranged their trip “in an irregular and irresponsible manner”. South Africa has long supported Palestinian aspirations to statehood and filed a case against Israel at the …
South Africa to probe unexpected arrival of Palestinian group Read More »
(Reuters) -South Africa on Friday secured its first credit rating upgrade in nearly 20 years after S&P Global raised the country’s foreign-currency long-term sovereign rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and reduced contingent liabilities following better performance at state power utility Eskom. The National Treasury has worked to …
S&P upgrades South Africa for first time in nearly 20 years as reforms gain traction Read More »
By Sinéad Carew and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -MSCI’s global equities gauge lost ground on Friday and Wall Street had a muted end to the week while U.S. Treasury yields climbed after hawkish Federal Reserve officials trounced on hopes for a December interest rate cut. After opening lower the S&P 500 recouped most of …
Global equities index falls, bond yields rise on fading rate cut hopes Read More »
(Reuters) -Credit ratings agency S&P on Friday downgraded Senegal’s long-term sovereign credit rating to “CCC+” from “B-“, citing the precarious debt position of the West African country. It also placed Senegal’s ratings on “CreditWatch developing”, signalling that it could lower them if the government is unable to refinance its upcoming commercial maturities. “Public-sector borrowing needs …
S&P cuts Senegal rating to ‘CCC+’ as debt strains deepen Read More »
