Reuters Africa Business

By Felix Njini (Reuters) – China’s Zijin Mining and Norinco Group, South Africa’s Sibanye Stillwater and an investment vehicle owned by ex-Glencore officials have been shortlisted in the race to buy Zambia’s Mopani Copper Mines, two sources with knowledge of the matter told Reuters. Zambia’s mines minister Paul Kabuswe said in February there were 10 …

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By Nyasha Chingono HARARE (Reuters) – Australia’s Invictus Energy may sell a stake in its Zimbabwean oil and gas project if its appraisal drilling campaign confirms commercially viable discoveries, managing director Scott Macmillan said. Invictus last month said a mud gas analysis from its Mukuyu-1 exploration well drilled last year confirmed the presence of light …

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ADDIS ABABA (Reuters) – Britain on Monday begun implementing a preferential trading scheme with 65 poor and developing countries to replace similar arrangements in place when the country was a member of the European Union, according to a statement. The Developing Countries Trading Scheme (DCTS) removes or reduces tariffs and simplifies trading rules, the UK’s …

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(Reuters) -South African-based crop nutrient manufacturer Omnia Holdings on Monday proposed a share buyback after strong cash generation in the year ended March 2023, driven by high fertilizer and mine explosive prices. Omnia’s headline earnings per share (HEPS) – the main profit measure in South Africa – came in at 7.42 rand ($0.4074) for the …

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