By Rachel Savage MARRAKECH, Morocco (Reuters) -Sub-Saharan Africa’s economic growth will shrink for a second year in a row in 2023 before rebounding in 2024, the International Monetary Fund (IMF) said on Tuesday in a report in which it cut its forecasts for economic expansion. Growth in the region is expected to fall to 3.3% …
By Nqobile Dludla JOHANNESBURG (Reuters) – Africa-focused Lango Real Estate could go public in the second quarter of 2025 on the London Stock Exchange, ahead of its 2026 target, Managing Director Thomas Reilly told Reuters on Tuesday. As part of contractual commitments with shareholders, the company is planning an initial public offering (IPO) by March …
Africa’s Lango Real Estate targets Q2 2025 London listing Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes advanced while Treasury yields slid on Tuesday as Federal Reserve officials suggested there may be no need for further interest rate hikes in the near term, and oil prices eased a day after gaining sharply on violence in Israel. The Nasdaq and S&P 500 were up …
Yields fall, stocks jump after Fed official comments; oil eases Read More »
By Francesca Landini and Wendell Roelf MILAN/CAPE TOWN (Reuters) – Italy’s Eni SpA hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday. Its first LNG project – called Coral …
JOHANNESBURG (Reuters) -The South African rand jumped over 1% on Tuesday against a weaker dollar on the back of improved risk sentiment and a drop in U.S. Treasury yields, analysts said. At 1508 GMT, the rand traded at 19.0525 against the dollar, over 1.4% stronger than its previous close. The dollar last traded 0.1% weaker …
South African rand gains on weaker US yields; stocks jump Read More »
By Forrest Crellin and America Hernandez PARIS (Reuters) – Survivors and relatives of victims of a 2021 insurgent attack in Mozambique have filed a complaint against TotalEnergies for negligence and indirect manslaughter, saying the company had failed to ensure the safety of subcontractors. TotalEnergies rejected the allegations, saying they were “inaccurate.” Islamist insurgents attacked the …
Mozambique attack survivors file complaint against TotalEnergies Read More »
By Tannur Anders JOHANNESBURG (Reuters) – South African property group Equites plans to increase its solar capacity as part of efforts to diversify its revenue, its Chief Operating Officer Riaan Gous said on Tuesday, a move which could help the firm become more environmentally friendly. The additional capacity will be achieved through 136 million rand …
S.African logistics property firm Equites to increase solar capacity Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer price inflation rose to a historic high of 38.0% in September, climbing from 37.4% in August and topping analyst expectations, data from statistics agency CAPMAS showed on Tuesday. It was the fourth consecutive month of record highs recorded on the central bank website, which has figures going back to …
Egypt’s inflation quickens to record 38% in September Read More »
By Tetsushi Kajimoto TOKYO (Reuters) – Japan will chair a meeting of finance ministers and central bank governors from the Group of Seven (G7) advanced nations on Oct. 12 to discuss the war in Ukraine and the world economy, Finance Minister Shunichi Suzuki said on Tuesday. The G7 meeting will be part of a broader …
Japan to chair G7 finance ministers meeting at IMF conference on Oct 12 Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices surged 4% on Monday, recouping some of last week’s steep losses, as military clashes between Israel and the Palestinian Islamist group Hamas ignited fears that a wider conflict could hit oil supply from the Middle East. Brent crude settled $3.57, or 4.2%, higher at $88.15 a barrel. …
Oil prices surge on fears of Mideast conflict adding to supply tightness Read More »
