By Duncan Miriri NAIROBI (Reuters) -Kenyan lawmakers have passed a bill to regulate digital assets like cryptocurrencies, a senior parliamentarian said on Monday, as it seeks to boost investments into the sector by putting clear rules in place for the emerging industry. Legislators enacted the Virtual Asset Service Providers Bill last week, said Kuria Kimani, …
Kenya parliament passes crypto asset law to boost investments Read More »
By Leo Marchandon and Gianluca Lo Nostro (Reuters) -French broadcasting group Canal+ said on Monday it was planning a secondary listing on the Johannesburg Stock Exchange (JSE) after it acquired South African broadcaster MultiChoice. Canal+ closed the 35 billion rand ($2 billion) MultiChoice acquisition in September, adding MultiChoice’s extensive African subscriber base to its portfolio, …
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(Reuters) -South Africa’s Aspen Pharmacare said on Monday it had secured regulatory approval to market Eli Lilly’s blockbuster diabetes and obesity drug, Mounjaro, for chronic weight management in the country. The greenlight follows Aspen’s earlier approval and launch of the drug, chemically called tirzepatide, in South Africa last December as a treatment for Type 2 …
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(Corrects Brent’s settlement at lowest since May 7, not May 5, in paragraph 3) By Erwin Seba HOUSTON (Reuters) -Brent and U.S. crude futures fell more than $2 a barrel, or more than 3%, on Friday as U.S. President Donald Trump’s threat to impose increased tariffs on China cast a shadow over the demand outlook …
Trump tariff threat pushes oil to five-month low Read More »
LONDON (Reuters) -The Democratic Republic of Congo will revoke cobalt export quotas from companies that fail to export allocated volumes, breach environmental or tax rules, or transfer quotas to third parties, its mining regulator said in a statement on Saturday. The new rules would take effect on October 16, it said. The warning from the …
Congo to revoke cobalt quotas for companies that fail to export full volume Read More »
(Reuters) -S&P Global upgraded Egypt’s rating by a notch on Friday, citing ongoing reforms that have led to a sharp rebound in GDP growth, while Fitch highlighted the country’s fairly high growth potential and strong support from partners in its affirmation. Fitch last upgraded Egypt’s ratings to ‘B’ in November 2024, when foreign investments and …
S&P upgrades Egypt’s rating to ‘B’ as reforms boost economic growth; Fitch affirms Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks fell sharply on Friday, with the S&P 500 and Nasdaq suffering their biggest one-day percentage declines since April 10, while Treasury yields dropped and the U.S. dollar weakened as comments by President Donald Trump reignited worries over a U.S.-China trade war. After markets closed on Friday, Trump said …
Stocks, dollar tumble; Trump says he will raise China tariffs to 100% Read More »
By Karen Brettell and Amanda Cooper NEW YORK (Reuters) -The dollar dropped on Friday after U.S. President Donald Trump threatened to hike tariffs against China, reigniting concerns over how the trade war will impact the U.S. economy. Trump also said he may cancel a planned meeting with Chinese President Xi Jinping and complained on social …
By Colleen Goko JOHANNESBURG (Reuters) -Developing nations are now paying more to service debt owed to China than they receive in new loans, a shift that risks deepening economic strain and slowing climate investment, a report released on Friday by Boston University’s Global Development Policy Center found. The study, titled Reviving Chinese Development Finance in …
CONAKRY (Reuters) -Guinea has charged 60 people with arson, theft and murder after a deadly riot at the privately-owned Weily Mining firm in the northeastern gold-producing Siguiri region, prosecutors said on Friday. Unrest broke out on October 4 after locals demanded the release of 17 people detained over an earlier vandalism incident at the same …
