NAIROBI (Reuters) – Kenya’s shilling, Ghana’s cedi and Zambia’s kwacha are seen weakening against the dollar in the coming week, while Uganda’s shilling and Nigeria’s naira are expected to hold steady, traders said on Thursday. KENYA Kenya’s shilling is expected to weaken due to increased demand for dollars from all sectors of the economy and …
AFRICA-FX- Kenya, Ghana and Zambia currencies seen under pressure Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes rose and U.S. 10-year Treasury yields edged up on Wednesday as investors looked ahead to a U.S. consumer price report for possible clues on when the Federal Reserve could begin cutting interest rates. Late in the day, the U.S. Securities and Exchange Commission approved the …
Stocks rise ahead of US inflation data; SEC approves bitcoin ETFs Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar gained on the yen but dipped against the euro on Wednesday as investors waited on U.S. inflation data for fresh clues on when the Federal Reserve is likely to begin cutting interest rates. In cryptocurrencies, bitcoin seesawed in a range after news that Securities and Exchange Commission …
Dollar gains on yen, bitcoin muted after SEC approves ETFs Read More »
ABUJA (Reuters) – Nigeria’s central bank has sacked the boards and management of three lenders for non-compliance with banking regulations and corporate governance failures, it said on Wednesday. The affected lenders are privately held Union Bank, Keystone Bank and Polaris Bank, each of which had come under government control in the past. The move by …
Nigeria cenbank sacks boards of three lenders for regulatory failures Read More »
(Reuters) – Egypt’s Prime Minister Mostafa Madbouly discussed developments in the Red Sea with officials from shipping group Maersk in a video conference and ways to enhance cooperation, a statement from the Egyptian cabinet said on Wednesday. Madbouly stressed the centrality of the security and safety of maritime navigation in the Red Sea to Egypt’s …
Egypt’s PM, Maersk officials discuss developments in Red Sea Read More »
By Lamine Chikhi and Sabrina Valle ALGIERS/HOUSTON (Reuters) -U.S. oil producer Exxon Mobil confirmed on Wednesday that it is in talks with Algeria’s national state-owned oil company Sonatrach about oil and gas exploration opportunities in the North African country. Algerian Energy Minister Mohamed Arkab said on Tuesday that a deal is expected to be reached …
Exxon Mobil says in talks with Algeria to explore oil and gas Read More »
JOHANNESBURG (Reuters) -South Africa’s rand took a breather on Wednesday after declining since the start of the week as traders awaited U.S. inflation data due on Thursday. At 1539 GMT, the rand traded at 18.7000 against the dollar, unchanged from its previous close. The dollar was last down around 0.07% against a basket of global …
South African rand unchanged ahead of US inflation data Read More »
CAPE TOWN (Reuters) – South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay for 25 years, state-owned Transnet National Ports Authority said on Wednesday. Vopak, a Dutch company which operates terminals and storage facilities worldwide, partnered with …
Vopak consortium selected to operate new LNG terminal in South Africa Read More »
ABUJA (Reuters) – Nigerian stocks fell 1.4%, ending an eight day rally on Wednesday as investors booked profits from the relatively liquid banking sector, LSEG data showed. The All Share Index fell to 82,024.38 points. The stocks index crossed a psychological threshold of 80,000 points for the first time on Monday. The index of Nigeria’s …
Nigerian stocks end eight-day gains as banks slide -LSEG data Read More »
By Ron Bousso PARIS (Reuters) -TotalEnergies has increased its holding in the Venus oil discovery offshore Namibia in a deal with Impact Oil and Gas that marks a significant step towards the prospect’s development, the energy major said on Wednesday. TotalEnergies agreed to acquire from Impact, which is majority owned by Africa Oil and Hosken …
TotalEnergies boosts holding in Namibian oil discovery Read More »
