Reuters Africa Business Archives - Page 632 of 921

Binance issues cease and desist notice to “Binance Nigeria Limited”

18 Jun 2023 18 Jun 2023

(Reuters) – Binance has issued a cease and desist order to “Binance Nigeria Limited”, Binance CEO Changpeng Zhao said in a tweet on Sunday, calling the Nigerian company a “scammer entity”. Earlier this month, Nigeria’s markets regulator ordered Binance to halt its operations in the country, saying local unit “Binance Nigeria Limited” that courted Nigerian …

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Israel gives nod to Gaza Marine gas development, wants security assurances

18 Jun 2023 18 Jun 2023

JERUSALEM (Reuters) – Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday while saying it would require security coordination with the Palestinian Authority and neighbouring Egypt. If concluded, the agreement would be a boost for the cash-strapped Palestinian economy. Announcing the move on the Gaza Marine project, …

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Angola fuel hike protesters clash with police

17 Jun 2023 17 Jun 2023

LUANDA (Reuters) – Angolan police fired tear gas in the capital Luanda and other cities Benguela and Namibe as thousands of protesters took to the streets a week after clashes over a recent fuel hike killed at least five people. President Joao Lourenco on June 8 fired the economic coordination minister and replaced him with …

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Angola’s president appoints Dias as new central bank governor

16 Jun 2023 16 Jun 2023

LUANDA (Reuters) – Angolan President Joao Lourenco has appointed Manuel Tiago Dias as the new central bank governor, a government statement said on Friday. Dias was deputy governor prior to his appointment and will succeed Jose de Lima Massano, who was last week appointed as the country’s economic coordination minister. Massano was appointed as the …

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World stocks gauge pauses after big run, heavy central bank week

16 Jun 2023 16 Jun 2023

By Lewis Krauskopf and Amanda Cooper NEW YORK/LONDON (Reuters) – A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world. The MSCI All-World index edged …

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Oil gains for the week as supply cuts balance demand concerns

16 Jun 2023 16 Jun 2023

By Stephanie Kelly NEW YORK (Reuters) -Oil rose on Friday and posted a weekly gain, as higher Chinese demand and OPEC+ supply cuts lifted prices, despite expected weakness in the global economy and the prospect for further interest rate hikes. Brent crude gained 94 cents to settle at $76.61 a barrel. U.S. West Texas Intermediate …

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Exclusive-Guyana postpones offshore oil blocks auction to mid-August

16 Jun 2023 16 Jun 2023

By Sabrina Valle HOUSTON (Reuters) – Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and gas regulatory framework, Vice President Bharrat Jagdeo told Reuters on Friday. The South American nation has three times before delayed the offer of 14 offshore …

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Yen sags to 15-year low vs euro after BOJ rate decision

16 Jun 2023 16 Jun 2023

By Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The yen plunged to a 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept its ultra-low interest rate policy and forecast that inflation will slow later this year, in contrast with the European Central Bank’s (ECB) rate hike on Thursday. The Japanese unit …

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Tunisia’s central bank keeps key interest rate unchanged at 8%

16 Jun 2023 16 Jun 2023

TUNIS (Reuters) -Tunisia’s central bank held its key interest rate unchanged at 8%, it announced on Friday, saying that keeping the interest rate at the current level will continue to push inflation downward. In December, the bank raised the key interest rate by 75 basis points to 8% to combat high inflation, marking its third …

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Kenya finance minister vows to pay all due debts, cuts deficit

15 Jun 2023 15 Jun 2023

By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -Kenya’s finance minister on Thursday said the government will pay all debts when they fall due, and cut the budget deficit for the fiscal year starting next month to 4.4% from an estimated 5.8% in this financial year. In a budget speech that was briefly interrupted by …

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