By Nqobile Dludla JOHANNESBURG (Reuters) -Vivendi’s Canal Plus has offered to buy all the shares it does not own in South Africa’s MultiChoice Group for roughly $1.7 billion to strengthen its hand in a competitive international pay TV market. Canal Plus, the top shareholder in MultiChoice with a 31.67% stake according to LSEG data, said …
Vivendi’s Canal Plus offers to buy rest of South Africa’s MultiChoice Read More »
(Reuters) – South African manufacturing activity slumped in January, with the headline Absa Purchasing Managers’ Index (PMI) falling to levels rarely seen. The seasonally-adjusted PMI dropped to 43.6 points in January from 50.9 in December, falling far below the 50-point mark that separates expansion from contraction. The index was partly dragged down by a sharp …
South African factory activity slumps in January – Absa PMI Read More »
JOHANNESBURG (Reuters) – South African pay TV company MultiChoice Group and U.S. media conglomerate Comcast’s NBCUniversal Media will invest about $177 million in Showmax’s video streaming platform during its current financial year, they said on Thursday. Last year Africa’s biggest pay TV entered a partnership with Comcast’s NBCUniversal and Sky to revamp MultiChoice’s existing Showmax …
S.Africa’s MultiChoice TV, NBCUniversal to invest $177 million in Showmax Read More »
(This Jan. 31 story has been refiled to correct a typographic error in paragraph 1) DAKAR (Reuters) – Mali said on Wednesday it was not planning to leave West Africa’s currency zone while Burkino Faso indicated it would do so after they and Niger announced their withdrawal from the region’s political bloc in protest. In …
Burkina may quit West African currency union, but not Mali Read More »
By Herbert Lash NEW YORK (Reuters) -Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was “moving sustainably” towards its 2% target. The Fed took a major step towards lowering rates in coming …
Stocks, yields slide as Fed signals no rate cut soon Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not the U.S. central bank’s “base case.” It came after the Fed offered a neutral and less dovish outlook on …
Dollar rebounds as Fed’s Powell sees March rate cut as unlikely Read More »
By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in U.S. crude inventories as producers ramped up output following frigid weather this month. Brent crude futures for March, which expire on Wednesday, settled down $1.16, or about 1.4%, to $81.71 …
Oil settles lower on faltering China economy, US crude stock build Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has held talks with Shell and Eni to discuss the matter, its oil minister said on Wednesday. Minister of State for Petroleum Heineken …
Nigeria seeks to resolve disputed oilfield issues, denies criminal liability Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened against a weaker U.S. dollar on Wednesday, ahead of an interest rate decision by the Federal Reserve. At 1530 GMT, the rand traded at 18.6250 against the dollar, about 0.9% stronger than its previous close. The dollar index was last down around 0.3% against a basket of currencies. The …
South African rand firms against dollar ahead of Fed rate decision Read More »
By Simon Jessop and Duncan Miriri LONDON (Reuters) – Multilateral lender Climate Investment Funds (CIF) is backing a plan that could see nearly $300 million invested to help Kenya integrate more renewable energy into its grid and meet a goal of using 100% clean energy by 2030, CIF said on Wednesday. An initial allocation by …
Lender CIF to kick-start nearly $300 million in funds for Kenyan renewables Read More »
