By Nicole Jao NEW YORK (Reuters) -Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressure from concerns of a possible global oil glut, but data showing signs of strong U.S. demand for fuel limited losses. Brent crude futures closed 92 cents, or 1.43%, lower at $63.52 a barrel, while U.S. …
Oil settles down more than 1% at 2-week lows on fears of glut Read More »
NAIROBI (Reuters) -Tanzania’s election did not comply with democratic standards, the African Union’s observer mission said on Wednesday of the disputed vote that triggered deadly protests. President Samia Suluhu Hassan was declared the landslide winner of the October 29 vote, but opponents accused the government of fraud and there were protests over the exclusion of …
Tanzania vote violated democratic values, AU observers say Read More »
By Colleen Goko, Chijioke Ohuocha and Duncan Miriri JOHANNESBURG/LAGOS (Reuters) -Nigeria raised $2.25 billion in a bond sale on Wednesday as markets largely shrugged off threats from U.S. President Donald Trump of potential military action in the country. The sale reflects a sharp improvement in global borrowing conditions that is tempting some of the world’s …
Nigeria sells $2.25 billion Eurobond as it shrugs off US military threat Read More »
JOHANNESBURG (Reuters) -South Africa’s African Rainbow Minerals (ARM) said on Wednesday that its jointly owned Beeshoek iron ore mine will be placed on “care and maintenance” after its sole customer, the ailing steel producer ArcelorMittal South Africa, ceased purchases. Care and maintenance means that the Beeshoek mine is being temporarily shut down as the owners …
S.African iron ore mine to close after ArcelorMittal halts purchases Read More »
JOHANNESBURG (Reuters) -South African telecoms group Vodacom said on Wednesday it had reached an out-of-court settlement in a dispute with a former employee over his role in creating the company’s call-back messaging service. The legal battle over the “Please Call Me” service has dragged on for about 17 years, reaching South Africa’s highest court. “Shareholders …
Vodacom settles 17-year legal dispute over call-back service Read More »
JOHANNESBURG (Reuters) -South Africa’s rand edged up on Wednesday, attempting a recovery from an almost two-month low as investors awaited fresh signals on the global and domestic economic outlook. At 1440 GMT, the rand traded at 17.4250 per dollar, up about 0.6% after falling more than 1% on Tuesday amid weaker gold prices, in line …
South Africa’s rand pauses slide as investors await next catalyst Read More »
TUNIS (Reuters) -A Tunisian court has ordered the release of olive oil exporter Abdelaziz Makhloufi on bail of $17 million, his lawyers said on Wednesday. The founder of CHO Group, Tunisia’s largest olive oil export company, was arrested last year over allegations of mismanagement of a state-owned agricultural property in the Sfax region, known as …
Tunisian court orders the release on bail of leading businessmen Makhloufi Read More »
LONDON (Reuters) -Congo Republic is in talks with European partners for a possible debt-for-nature swap, the country’s finance minister told Reuters on Wednesday. Speaking from Belem, Brazil, where he is attending the COP30 conference, Christian Yoko said the swap would be part of the country’s plan to make its debt more sustainable. He said the …
Congo Republic in talks for possible debt-for-nature swap Read More »
By Andrew Mills (Reuters) -Qatari Diar, the real estate arm of Doha’s sovereign wealth fund, will invest $29.7 billion in a luxury development including golf courses and marinas on Egypt’s Mediterranean coast, a source with direct knowledge said on Wednesday. The development aims to turn Alam Al-Roum, an undeveloped 7-km (4.4 mile) stretch of coastline …
Exclusive-Qatari Diar to invest $29.7 billion in project on Egypt’s Mediterranean coast Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s fourth-largest mobile operator Cell C plans to list on the Johannesburg Stock Exchange, it said on Wednesday, in a move its CEO said would streamline the company’s balance sheet and boost its growth prospects. Cell C is majority owned by Blue Label Unlimited, which has a 53.57% stake …
South Africa’s Cell C plans Johannesburg listing Read More »
