Reuters Africa Business

By Isaac Anyaogu LAGOS (Reuters) – Nigeria on Friday said it will oblige companies to disclose their eco-friendly practices and how they manage the effects of climate change in their financial reporting within four years or face sanctions. Global investors are now scrutinising companies for their environmental, social, and governance records. Nigeria, Africa’s largest economy …

Nigeria gives businesses four years to adopt eco-friendly reporting standards Read More »

ADDIS ABABA (Reuters) -An International Monetary Fund staff mission is in Ethiopia, a senior finance ministry official said on Thursday, as the nation faces a deadline with major creditor countries to secure a loan from the international lender. Last month, IMF spokesperson Julie Kozack had said the fund would send a mission to the Horn …

IMF mission on visit to Ethiopia, finance ministry official says Read More »

SINGAPORE (Reuters) – Chinese offshore oil and gas major CNOOC said it had filed an arbitration claim to establish a right over Hess’ stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm’s sale to Chevron. CNOOC filed the arbitration application on March 15, following a similar move by its other …

China’s CNOOC files arbitration over Hess stake in Guyana oil block Read More »

CAIRO (Reuters) – Egypt raised prices on a wide range of fuel products on Friday, the official gazette said, pressing ahead with a promise it made to the International Monetary Fund (IMF) more than a year ago as part of a $3 billion financial support agreement. In a letter of intent signed in November 2022, …

Egypt raises wide range of fuel prices, official gazette says Read More »

By Nqobile Dludla JOHANNESBURG (Reuters) – A 63-year-old man whom police in South Africa on Thursday said apparently died by suicide was identified by local media as former Steinhoff chief executive Markus Jooste. Jooste, who was instrumental in transforming Steinhoff from a small Johannesburg furniture outfit into a multinational retailer, had been handed a hefty …

Former Steinhoff CEO Markus Jooste dies by suicide, reports say Read More »

By Emma Farge GENEVA (Reuters) – The World Trade Organization is struggling to find an ambassador to lead negotiations on fixing its hobbled dispute system by the year-end, trade sources said, as the body’s chief urged countries to keep striving for a deal. The commitment to continue such efforts in 2024 was one of the …

WTO hits road block over advancing dispute reform talks Read More »