NAIROBI (Reuters) -Tanzania has withdrawn approval for Kenyan national carrier Kenya Airways to operate flights between the Kenyan capital Nairobi and Dar es Salaam, Tanzania’s commercial capital, its civil aviation authority said on Monday. Tanzania said the decision was taken in retaliation for Kenya’s denial of rights to Tanzania national carrier Air Tanzania to operate …
Tanzania withdraws approval for Kenya Airways flights Read More »
By Nia Williams (Reuters) -Oil prices weakened slightly on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures settled down 14 cents, or about 0.2%, at $78.15 a barrel. There was no settlement for U.S. West Texas Intermediate crude due …
By Victoria Waldersee DAVOS, Switzerland (Reuters) – Ghana will reengage with its international bondholders from next week, finance minister Ken Ofori-Atta told Reuters on Monday, as the country seeks to build on the momentum of a deal last week to restructure $5.4 billion of official creditor debt. The West African country will seek to continue …
Ghana will reengage bondholders next week, says finance minister Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rate rose to its highest in more than 27 years in December as food prices surged, exacerbating a cost-of-living crisis and piling more pressure on the central bank to raise interest rates. Consumer inflation rose for the 12th straight month in December to 28.92% year on year …
Nigeria’s inflation rises to more than 27-year high in December Read More »
LAGOS (Reuters) – Nigeria’s state-owned oil company NNPC Ltd on Monday tendered for operators of its Port Harcourt oil refinery in the Niger Delta, which is expected to begin production in the first quarter of this year, the company said. The refinery, which is undergoing an upgrade, will begin by processing 60,000 barrels per day …
Nigeria seeks operators for state-owned Port Harcourt oil refinery Read More »
By Jorgelina do Rosario and Maxwell Akalaare Adombila LONDON/ACCRA (Reuters) -The International Monetary Fund (IMF) executive board is due to meet on Friday to consider the first review of Ghana’s $3 billion rescue loan programme, a spokesperson said by email on Monday. Board sign off of the review would unlock a $600 million disbursement. Such …
IMF board to review Ghana $600 million loan payout on Friday Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened as the U.S. dollar firmed on Monday, but it was trading in a narrow range with no major local economic data releases to drive direction. At 1527 GMT, the rand traded at 18.6950 against the dollar, 0.3% weaker than its previous close. The dollar was last up about …
South African rand weakens against stronger dollar Read More »
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) – European stocks fell on Monday as bond yields climbed, and Chinese equities dipped after the country’s central bank unnerved investors by skipping an expected rate cut. U.S. markets were closed for Martin Luther King, Jr. Day. Europe’s STOXX 600 index was last down 0.5%, taking its …
European stocks fall as yields rise, China skips rate cut Read More »
By Joice Alves LONDON (Reuters) -The dollar was little changed on Monday in cautious during a U.S. public holiday, while risk-sensitive sterling slid ahead of a busy week for UK economic data. The dollar index, measuring the U.S. currency against six peers, was up 0.13% at 102.64, on the Martin Luther King (MLK) Day holiday. …
Dollar little changed on MLK Day, sterling slides in risk-off trading Read More »
ABUJA (Reuters) – Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa’s largest, was built on a peninsula on the outskirts of the commercial capital Lagos at a cost of $20 billion …
Nigeria’s Dangote refinery starts production after years of delays Read More »
