By Elias Biryabarema KAMPALA (Reuters) – Airtel Uganda aims to raise 800 billion Ugandan shillings ($216 million) by selling a 20% stake to drive its expansion plans, the telecommunications firm said on Tuesday, as it announced details of its initial public offering (IPO). When the listing completes, Airtel Uganda will be the second listed telecoms …
Airtel Uganda seeks over $200 million in IPO to drive growth Read More »
NAIROBI (Reuters) -Kenya Airways said on Tuesday its pretax loss widened in the first half of 2023 as a weaker Kenyan shilling eclipsed improved revenues. The airline, one of Africa’s three biggest, has been insolvent since 2018 after an expansion drive left it with hundreds of millions of dollars of debt it could not service. …
Kenya Airways H1 loss widens as weaker shilling hurts Read More »
BAMAKO (Reuters) – Mali’s interim President Assimi Goita has signed into law a new mining code which will allow the military-led government to increase its ownership of gold concessions and recoup what it says is a major shortfall in production revenues. The new code, signed on state television late on Monday, will allow the state …
Mali president signs new mining code in bid to raise govt stake Read More »
By Stephen Culp NEW YORK (Reuters) – Wall Street ended higher and U.S. Treasury yields retraced earlier gains on Monday, capping the first session of a week likely to be light in volume but heavy with economic data that could affect whether the Federal Reserve will take a rate-hike breather in September. All three major …
US stocks close green, Treasury yields waver as crucial data awaits Read More »
By Karen Brettell and Joice Alves NEW YORK (Reuters) – The dollar briefly hit a nine-month high against the Japanese yen on Monday and dipped against a basket of currencies, as investors waited on key data due later this week and kept an eye out for potential intervention to shore up the struggling Japanese currency. …
Dollar index dips, briefly hits 9-month high against yen Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices held steady on Monday, pressured by worries further U.S. interest rate hikes could dent demand but supported by the potential of a supply disruption from a tropical storm off the U.S. Gulf Coast. Brent crude settled 6 cents lower at $84.42 a barrel, after touching a session high …
Oil steady as possible rate hikes stoke demand worry, storm could hit supply Read More »
JOHANNESBURG (Reuters) -The South African rand was up slightly against a weakening dollar on Monday after slipping earlier in the day amid uncertainty about the outlook for U.S. Treasury yields and interest rates. The rand was over 0.2% stronger than its last close at 1558 GMT, at 18.5600 against the dollar, after slipping as much …
South African rand recovers to edge higher against dollar Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria will seek to encourage investments rather than rely on borrowing to create jobs, Finance Minister Olawale Edun said on Monday, as the new government tries to find a solution to sluggish growth, double-digit inflation and a high debt burden. Edun, 62, who doubles as coordinating minister for the …
Nigeria to encourage investments rather than borrowing -finance minister Read More »
CAPE TOWN (Reuters) – Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol on a possible supply agreement, Kinetiko’s chief executive said on Monday. The natural gas deposit in Block 272, Mpumalanga province, close to Sasol’s Secunda petrochemical complex, could be a boon …
Australia’s Kinetiko Energy in talks with Sasol on gas supply deal Read More »
ABIDJAN/MILAN (Reuters) – Italy’s Eni has begun oil and gas production at the giant Baleine field in deep waters offshore Ivory Coast, the energy group said on Monday, confirming a previous announcement by the Ivorian energy ministry. The Italian energy group, whose presence in the African country dates back to the 1960s with its subsidiary …
Eni begins oil and gas production at Ivory Coast Baleine field Read More »
