JOHANNESBURG (Reuters) -The South African rand slipped on Monday, as markets waited for President Cyril Ramaphosa to announce the cabinet lineup of his government of national unity. At 1524 GMT, the rand traded at 18.16 against the dollar, more than 1% weaker than its previous close. “Perceived friction between the GNU (government of national unity) …
South African rand falls as traders await cabinet lineup Read More »
ACCRA (Reuters) – Ghana’s long-running debt restructuring took another step towards the finish line on Monday after the government said it struck an agreement in principle on a debt rework with holders of some $13 billion of international bonds. Below is a condensed timeline of key events: * February 2022 – Credit ratings agency Moody’s …
Ghana’s debt restructuring takes another step forward Read More »
(Reuters) -South Africa’s Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China’s Tencent, which accounts for the bulk of earnings and revenues. The technology investor said its core headline earnings per share, a key indicator of operating performance in South Africa, from …
S.Africa’s Naspers profit doubles on Tencent, e-commerce performance Read More »
By Tife Owolabi YENAGOA, Nigeria (Reuters) – Nigerian energy firm Aiteo has resumed production after stopping an oil leak at its nearly 50,000 barrels per day (bpd) Nembe field earlier this week in southern Bayelsa state, the company said. Aiteo, which runs a joint venture with state oil company NNPC Ltd, had said the leak …
Nigeria’s Aiteo resumes production after leak at 50,000 bpd oilfield Read More »
By Laura Matthews NEW YORK (Reuters) -The dollar edged higher against other major currencies on Friday, hitting a fresh eight-week high against the yen as data showed a strong U.S. economy and as the Federal Reserve’s patient approach to interest-rate cuts stood in contrast to more dovish peers. U.S. business activity hit a 26-month high …
Dollar edges higher, buoyed by monetary policy imbalance Read More »
By Scott DiSavino (Reuters) -Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world. Prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to …
Oil prices ease on strong dollar, mixed global economic news Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was little changed on Friday, as investor focus remained on President Cyril Ramaphosa’s imminent cabinet appointments under a new unity government. At 1531 GMT, the rand traded at 17.9650 against the dollar, near its previous close of 17.9600. Ramaphosa is expected to announce his cabinet in the coming days following …
South African rand stable, focus on president’s cabinet appointments Read More »
(Reuters) – Namibia has become an oil exploration hotspot after several discoveries in recent years along its coast. It has not yet produced any oil or gas, but oil majors such as TotalEnergies and Shell have made discoveries estimated at 2.6 billion barrels, with production in the southern African country expected from about 2030. There …
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana has reached an agreement in principle with its bondholders to restructure $13 billion worth of international debt, three sources told Reuters, after finalising a deal with official creditors earlier this month. Bondholders will take a haircut on principal of up to 37% and maturity of the bonds …
KAMPALA (Reuters) – Uganda has signed a pact with a business association from the United Arab Emirates to build a new international airport, President Yoweri Museveni’s office said on Friday. The deal for the East African nation’s third such airport expands the UAE’s economic footprint beyond its interests in the renewable energy and oil and …
Uganda signs deal with UAE to build third international airport Read More »
