By Hannah Lang WASHINGTON (Reuters) -The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S. Federal Reserve will soon be cutting interest rates, while bitcoin breached $42,000 for the first time since early 2022. The dollar index, which tracks the currency against six major peers, …
Dollar regains ground after sell off; bitcoin breaches $42,000 Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Aspen Pharmacare is expanding further into China through a deal to buy the Chinese business of Swiss group Sandoz for up to 92.6 million euros ($100.6 million), the South African company said on Monday. As part of the deal, Aspen Global Incorporated, a subsidiary of Aspen, will also buy the …
South Africa’s Aspen expands further into Asia with Sandoz China deal Read More »
By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s oil regulator is considering revoking unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities, the head of the agency said on Monday. Latest data from the Nigerian Upstream Petroleum and Regulatory Commission (NUPRC) showed that over 60% of …
Nigeria’s oil regulator considers revoking unused exploration leases Read More »
NAIROBI (Reuters) – A Kenyan court on Monday suspended a government plan to start a fresh privatisation drive under a modified law while it hears a challenge that an opposition party has brought against the sales. In late November the finance ministry said it would start the process of offering to sell its shareholding in …
Kenyan court suspends plan to privatise more state-owned firms Read More »
GABORONE (Reuters) – Botswana said on Monday it would extend and expand restrictions on imports of some fresh produce as it tries to become self-sufficient in food and cut its import bill. The ban on imports of tomatoes, potatoes, onions and other produce – which has angered farmers in neighbouring South Africa and was due …
Botswana to extend and expand fresh-produce import restrictions Read More »
JOHANNESBURG (Reuters) -South Africa’s rand fell on Monday as the dollar rose strongly on global markets at the start of a busy week for local economic data with gross domestic product (GDP) and current account figures due. At 1530 GMT, the rand traded at 18.8075 against the dollar, about 1% weaker than its previous close. …
South African rand falls; GDP and current account due this week Read More »
JOHANNESBURG (Reuters) – South Africa’s automotive industry will likely produce its first electric vehicle (EV) in 2026, the trade minister said on Monday, as he outlined plans for the country’s green transport transition. The electrification of transport is one of the key pillars underpinning South Africa’s Just Energy Transition (JET) plan for a low-carbon and …
South Africa likely to produce first EV in 2026: Minister Read More »
By Patrick Werr CAIRO (Reuters) – In the run-up to Egypt’s Dec. 10-12 presidential election, financially strapped people queue at state-managed cooperatives trying to buy scarce rations of subsidised sugar. It is the latest sign of economic pressures that have risen sharply since early last year, leaving Egyptians grappling with soaring prices and an unresolved …
Currency, inflation woes in focus as Egypt’s Sisi set for third term Read More »
ADDIS ABABA (Reuters) – Ethiopia has signed an agreement with United Arab Emirates’ AMEA Power for the construction of a 300 megawatt wind farm at a cost of $600 million, its finance ministry said on Sunday. The Horn-of-Africa nation is turning to renewable energy to boost electricity coverage, which stood at 50% of the population …
Ethiopia signs $600 million wind farm deal with UAE’S AMEA Power Read More »
DUBAI (Reuters) – Abu Dhabi Future Energy Company, known as Masdar, is planning to develop a 150 megawatt solar power project in Angola to provide renewable energy to 90,000 homes and support economic growth, including jobs, the UAE state news agency WAM said on Saturday. The announcement was made during the COP28 climate summit hosted …
UAE’s Masdar to develop 150 MW solar project in Angola-statement Read More »
