NAIROBI (Reuters) – Tanzania’s NMB Bank is launching a 10 year multi currency medium term bond of 1 trillion Tanzanian shillings ($400 million) under a green bonds initiative, it said on Monday. African nations and businesses have been vying to increase their share of climate finance, to combat climate change and invest in sustainable development. …
Tanzania’s NMB Bank opens $400 million green bond program Read More »
By Felix Njini NAIROBI (Reuters) – California-based KoBold Metals, whose backers include Microsoft’s Bill Gates and Amazon’s Jeff Bezos, said it aims to start producing copper and cobalt at a project in Zambia within 10 years. KoBold is spending about $150 million to accelerate its search for more deposits at the Mingomba project, located along …
Billionaire-backed KoBold Metals plans new Zambian copper mine within a decade Read More »
By Vuyani Ndaba JOHANNESBURG (Reuters) – The Bank of Ghana is expected to complete its hiking cycle later on Monday as its economy shows signs of falling inflation after 1,650 basis points of hikes over the last two years, a Reuters poll found on Monday. A majority of 10 out of 12 analysts surveyed over …
Ghana to hold rates at 30.00% on Sept.25 as inflation falls – Reuters poll Read More »
By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies. The move would …
Inside Vietnam’s plans to dent China’s rare earths dominance Read More »
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Chem Ltd has entered a partnership with China’s Huayou Group’s subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio. Huayou has joined the growing number of Chinese electric vehicle and battery companies seeking to …
LG Chem with China’s Huayou to make battery materials in Indonesia, Morocco Read More »
By Sarah El Safty and Michael Hogan CAIRO (Reuters) -Egypt is in talks with Abu Dhabi Commercial Bank (ADBC) for a loan facility that would finance wheat purchases from Kazakhstan, according to Egypt’s Supply Minister on Sunday. The move could give Egypt a cheap alternative to grain from Russia, which has supplied an increasing share …
Exclusive-Egypt in talks for Emirati funding to buy Kazakh wheat -traders Read More »
CAIRO (Reuters) – Egypt said it had agreed with the International Monetary Fund (IMF) to merge the fund’s first and second reviews of its economic reform programme, after the first review was repeatedly delayed amid questions over Egypt’s progress in meeting the IMF’s terms. The IMF in December approved a $3 billion Extended Fund Facility …
Egypt says IMF agrees to merge first two reviews of reform program Read More »
By Arathy Somasekhar and Nicole Jao HOUSTON (Reuters) -Oil prices held steady on Friday but closed the week lower on profit-taking and as markets weighed supply concerns stemming from Russia’s fuel export ban against demand woes from future rate hikes. Brent futures settled 3 cents lower at $93.27 a barrel. It fell 0.3% in the …
Oil ends week lower as demand concerns face Russia supply ban Read More »
By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) -Treasury prices rebounded but a gauge of global equities fell on Friday, adding to sharp sell-offs earlier this week, after three Federal Reserve officials warned further rate hikes may be needed to ensure inflation is brought under control. The officials, in remarks at separate events, said …
Yields slip, stocks slide as Fed officials warn of higher rates Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Friday as the latest batch of data on business activity from around the globe highlighted the superior position of the United States relative to other major economies. S&P Global said its flash U.S. Composite PMI index, which tracks …
Dollar up as data highlights US economic resilience; yen slumps Read More »
