(Reuters) – Democratic Republic of Congo’s central bank decided at a meeting of its monetary policy committee on Friday to keep its policy rate unchanged at 25%, the bank said in a statement. (Reporting by Bate Felix; Writing by Alessandra Prentice; Editing by Mark Potter)
By Sinéad Carew and Huw Jones NEW YORK/LONDON (Reuters) -MSCI’s global equities index staged an afternoon rebound on Friday as investors repositioned for month-end, while the dollar fell with Treasury yields as data showed a modest rise in U.S. inflation in April. After spending most of the session in the red, the MSCI All Country …
Stocks rebound while dollar, Treasury yields fall after US data Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer group’s output cuts. Brent futures for July delivery were down 24 cents, or 0.3%, to $81.62 a barrel, while the more liquid August …
Oil settles down ahead of OPEC+ meeting, posts weekly loss Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates. The personal consumption expenditures …
Dollar set for first monthly drop after US inflation readout Read More »
By MacDonald Dzirutwe LAGOS (Reuters) – Nigerian lawmakers are seeking to limit the central bank’s control over economic policy by proposing to set up a committee to coordinate monetary and fiscal policies, headed by the finance minister, according to a bill in the Senate. The proposal by a member of the ruling party comes as …
Nigerian lawmakers seek to curb central bank’s role in economic policy Read More »
By Nyasha Chingono LIVINGSTONE, Zambia (Reuters) – Five Southern African countries on Friday committed to expanding the use of a special common visa to allow easier movement of tourists as the region seeks to boost arrivals. Officials from Angola, Botswana, Namibia, Zambia and Zimbabwe, countries that make up the Kavango-Zambezi (KAZA) Transfrontier Conservation Area, pledged …
Southern African countries plan to expand special tourist visa Read More »
GABORONE (Reuters) – Debswana Diamond Company’s rough diamond sales fell 48.3% in the first quarter of 2024, data released by Botswana’s central bank showed Friday, as the sluggish market conditions faced in 2023 continued into the beginning of the new year. Debswana, equally owned by Botswana and Anglo American Plc’s De Beers, sells 75% of …
Botswana’s Debswana diamond sales fall 48% in first quarter Read More »
RABAT (Reuters) – Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port, the energy ministry’s head of oil and gas said on Friday. The ministry expects to reach financial close in 2025 with construction, commissioning and commercial operations due in …
Morocco to tender for floating LNG terminal, official says Read More »
By Isaac Anyaogu LAGOS (Reuters) -ExxonMobil is not renewing a 33-year-old lease on its expansive offices in Lagos’s upscale Lekki district which expires on Friday, three sources inside the company told Reuters, as it looks to scale down operations in Nigeria. Exxon, Shell, TotalEnergies and Eni have all sought to leave Nigeria’s oil-rich Niger delta …
Exxon moves to smaller offices as it cuts back Nigerian operations Read More »
By Bhargav Acharya JOHANNESBURG (Reuters) -South Africa’s rand slipped on Friday as fears the governing African National Congress (ANC) could form a coalition with radical parties following this week’s election roiled markets. At 0833 GMT, the rand traded at 18.8575 against the dollar, 0.5% weaker than its previous close. The rand went into a tailspin …
Rand dips amid uncertainty as South Africa heads to coalition Read More »
