Reuters Africa Business

By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s Dangote Oil Refinery has begun processing gasoline after delays caused by recent crude shortages, an executive said on Monday. The $20 billion refinery on the outskirts of Lagos, built by Nigerian billionaire Aliko Dangote, began operations in January with output of products including naphtha and jet fuel. With …

Dangote Oil Refinery begins processing gasoline, NNPC to be sole buyer Read More »

By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana will increase the state-guaranteed price paid to its cocoa farmers by nearly 45% for the 2024/25 crop season, two sources with knowledge of the price review told Reuters, to help boost their incomes and deter bean smuggling out of the country. The world’s number two cocoa producer …

Ghana set to raise cocoa farmgate price by nearly 45%, sources say Read More »

JOHANNESBURG (Reuters) – South African manufacturing activity slumped in August, erasing the previous month’s gains and pointing to highly volatile business conditions, a Purchasing Managers’ Index (PMI) survey showed on Monday. The seasonally-adjusted PMI for the factory sector dropped to 43.6 points in August from 52.4 in July, falling well below the 50-point mark shows …

South African factory activity slumps in August – Absa PMI Read More »

(Reuters) – Sibanye Stillwater on Monday said it will report a half-year loss hurt by a 7.5 billion rand ($420 million) writedown on its U.S. assets reflecting sliding palladium prices. The South African miner expects to report a loss per share of between 2.508 rand and 2.772 rand for the six months to June 30 …

Sibanye flags loss after $420 million US asset writedown Read More »