LAGOS (Reuters) – Nigeria is aiming to reduce the number of taxes levied by federal and state governments from more than 60 to fewer than 10, the head of a tax reform committee said on Tuesday, part of changes to make it easier to conduct business and to boost revenues. Africa’s biggest economy, Nigeria, has …
Nigeria aims to cut number of taxes to fewer than 10 – official Read More »
RAVENNA, Italy (Reuters) – Lebanon wants a consortium led by TotalEnergies to drill another well at offshore Block 9 quickly, after a first well did not find enough natural gas to be commercialised, energy minister Walid Fayad told Reuters. The consortium drilling in Block 9 also includes Italian energy group Eni and state-owned QatarEnergy. “They …
Lebanon wants TotalEnergies’ consortium to drill second well in gas Block 9 Read More »
JOHANNESBURG (Reuters) -South Africa’s rand fell on Tuesday as the dollar strengthened following fresh economic data, which highlighted the strength of the U.S. economy. At 1546 GMT, the rand traded at 19.0600 against the dollar, around 0.5% weaker than its previous close. The dollar was up more than 0.6% against a basket of global currencies. …
South African rand weakens against stronger dollar Read More »
By Brian Benza GABORONE (Reuters) – Botswana’s state-owned Okavango Diamond Company (ODC) has temporarily halted its rough stone sales as part of an industry-wide drive to reduce the glut of inventory caused by lower global demand for jewelry, its managing director Mmetla Masire said on Tuesday. ODC, which reported a record $1.1 billion in revenue …
Botswana’s ODC halts diamond sales as industry seeks to reduce glut Read More »
By Francesca Landini RAVENNA, ITALY (Reuters) – Italy is not facing any worries regarding gas supplies despite the current crisis in the Middle East, Eni’s <ENI.MI> chief executive said on Tuesday. Speaking at an energy conference in Ravenna, Claudio Descalzi added that the conflict between Israel and Hamas was rather impacting gas prices but did …
Middle East crisis not impacting gas supply to Italy, Eni CEO says Read More »
By Nyasha Nyaungwa WINDHOEK (Reuters) – Namibia’s government has ordered police to stop Xinfeng Investments from transporting lithium ore inside the country and from exporting it, accusing the Chinese miner of violating the country’s ban on critical raw mineral exports. In a letter dated Oct. 19 and seen by Reuters on Tuesday, Namibia’s Mining Commissioner …
Namibia orders police to stop Chinese firm’s lithium exports Read More »
By Kanishka Singh and Jasper Ward WASHINGTON (Reuters) -The United States on Monday issued a business advisory for Uganda, saying that businesses faced potential risks in the African country, citing an anti-LGBTQ law condemned by many countries and the United Nations. The advisory was issued by the U.S. Departments of State, Labor, Health and Human …
US warns businesses of risks in Uganda, citing anti-LGBTQ law Read More »
LONDON (Reuters) – Shareholders of the European Bank for Reconstruction and Development (EBRD) have approved Benin and Ivory Coast to join as new members, the lender said in a statement on Tuesday. Both countries had applied in July and August respectively, and wanted to become recipients of EBRD financial and advisory services as well. EBRD …
EBRD shareholders approve Benin, Ivory Coast to join as members Read More »
(Reuters) – South Africa’s Anglo American Platinum on Tuesday said its refined platinum group metal (PGM) output declined 9% during the third quarter, due to disrupted water supplies to its processing facilities and lower concentrate production. Amplats, the world’s biggest platinum miner by value, produced 909,700 ounces of refined PGMs in the three months to …
Amplats Q3 refined PGM output down 9%, maintains production guidance Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria expects $10 billion in foreign currency inflows in the next few weeks to ease liquidity in a foreign exchange market that has cramped growth in Africa’s biggest economy, finance minister Wale Edun said on Monday. The West African country has faced chronic dollar shortages after foreign investors exited local …
Nigeria expects $10 billion in forex inflows in weeks – finance minister Read More »
