By Duncan Miriri and Marc Jones NAIROBI (Reuters) -Some of Senegal’s international bonds hit record lows on Wednesday as lack of progress on a new loan programme with the International Monetary Fund and signs of political infighting fuelled concerns over an impending debt crunch. Euro- and dollar-denominated debt issued by the West African nation tumbled …
Senegal’s bonds fall to record lows as debt concerns build Read More »
By Sinéad Carew and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -MSCI’s global equities index rose slightly on Wednesday while U.S. Treasury yields fell and Wall Street indexes were mixed while investors waited for U.S. Congress to end the federal shutdown and provide greater clarity on the health of the U.S. economy. In currencies, the dollar dipped …
By Noel Randewich and Twesha Dikshit (Reuters) -Wall Street’s main indexes were mixed on Wednesday, with the Dow notching a record-high close and the Nasdaq losing ground as investors rotated out of pricey technology stocks while focusing on a likely end to a historic U.S. government shutdown. The House of Representatives was set to end …
Dow notches record-high close while Amazon weighs on Nasdaq Read More »
TRIPOLI (Reuters) -Libya’s Zallaf for Oil and Gas Co said on Wednesday it has exported its first oil shipment from the Chadar oil field in the Sirte Basin, southeast of Ajdabiya in eastern Libya. The subsidiary of Libya’s National Oil Corporation did not disclose the destination of the shipment of more than 600,000 barrels of …
Libya’s Zallaf for Oil and Gas exports first shipment from Chadar oil field Read More »
By Erwin Seba HOUSTON (Reuters) -Oil prices fell more than $2 a barrel on Wednesday, weighed down by an OPEC report saying global oil supply will match demand in 2026, marking a further shift from its earlier projections of a supply deficit. Brent crude futures settled at $62.71 a barrel, down $2.45, or 3.76% after …
Oil prices fall more than $2/bbl as OPEC says 2026 supply to match demand Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s National Assembly on Wednesday approved an additional 1.15 trillion naira ($784 million) in domestic borrowing to help fund a shortfall in the 2025 budget. President Bola Tinubu sought the approval two weeks ago, citing a gap between the 12.95 trillion naira deficit proposed by the executive and the 14.10 …
Nigeria parliament approves 1.15 trln naira extra borrowing to cover budget gap Read More »
By Chris Takudzwa Muronzi HARARE (Reuters) -Nigeria’s Dangote Group will invest at least $1 billion in a pipeline, power generation and cement plant in Zimbabwe, its founder and CEO Aliko Dangote said on Wednesday. Dangote, Africa’s richest man, met Zimbabwe President Emmerson Mnangagwa and signed an investment agreement with the government on Wednesday morning. “We …
Nigeria’s Dangote plans $1 billion investments in Zimbabwe Read More »
BEIJING (Reuters) -China’s Vice Premier Liu Guozhong attended the commissioning ceremony of the Simandou iron ore mine project in Guinea this week, China’s official Xinhua news agency reported on Wednesday. With annual production capacity expected at 120 million metric tons, the 75% Chinese-owned project in the West African nation is set to be the world’s …
China’s vice premier attends launch of Simandou iron ore project in Guinea Read More »
CAIRO (Reuters) -Standard Bank Group, Africa’s biggest lender by assets, on Wednesday opened a representative office in Egypt, betting that an economic recovery in the Arab world’s most populous nation and rising intra-African trade will fuel new business. Speaking at a launch event by the Pyramids of Giza, Chief Executive Sim Tshabalala said the bank …
Standard Bank opens Egypt office to tap Gulf–Africa flows as outlook brightens Read More »
By Kopano Gumbi and Sfundo Parakozov PRETORIA (Reuters) -South Africa cut its inflation target to 3% on Wednesday, marking the first adjustment in 25 years, with Finance Minister Enoch Godongwana saying that over time this will lessen inflation expectations and create room for lower interest rates. Godongwana announced the change to the target in a …
South Africa cuts inflation target in first change for 25 years Read More »
