Reuters Africa Business

By Felix Onuah ABUJA (Reuters) – Nigeria and Equatorial Guinea have signed an agreement to establish and operate a gas pipeline, Nigerian presidential spokesperson Ajuri Ngelale said in a statement on Thursday. Nigerian President Bola Tinubu met with Equato-Guinean President Teodoro Obiang Nguema Mbasogo in the Central African country of Equatorial Guinea during a three-day …

Nigeria and Equatorial Guinea sign gas pipeline project Read More »

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s headline inflation rate fell in July for the first time in well over a year, dipping to 33.40% in annual terms from 34.19% in June, data from the statistics agency showed on Thursday. Analysts had said June’s reading could mark the peak in inflation as currency devaluation effects start …

Nigeria inflation falls for first month in well over a year Read More »

By Nqobile Dludla JOHANNESBURG (Reuters) – Standard Bank, Africa’s biggest lender by assets, is looking to increase stakes it holds in businesses in Angola and Nigeria, its CEO said on Thursday. The Angolan government is planning to sell as much as a 34% stake in Standard Bank de Angola SA through an initial public offering, …

Standard Bank plans to increase stakes in Nigeria and Angola businesses Read More »

(Reuters) – Exxaro Resources, a South African coal producer which is seeking to diversify into critical minerals, is close to securing a deal to buy manganese or copper assets and could announce an acquisition this year, a senior executive told Reuters. The company has been searching for assets to buy in copper and manganese as …

South African coal miner Exxaro closes in on critical metals deal Read More »

ANKARA (Reuters) – Turkish steelmaker Tosyali Holding said on Thursday that it will form a partnership with Angola’s state oil company Sonangol to establish an integrated iron and steel plant. Tosyali’s subsidiary in Angola will reactivate the iron ore mines in the Kassinga region and establish a steel facility in Mocamedes to the south of …

Turkey’s Tosyali to establish integrated iron and steel plant in Angola Read More »