By Promit Mukherjee JOHANNESBURG (Reuters) – Africa’s biggest casino operator Tsogo Sun Gaming has become one of the top five investors in leading South African hotel chain City Lodge, with a 5% stake, share ownership data showed. The stake, acquired by HSS Investments and Entertainment Holdings, two subsidiaries of Tsogo Sun Gaming, could herald the …
Africa’s biggest casino operator Tsogo Sun bets on hotel chain Read More »
By Karen Lema MANILA (Reuters) – The World Bank will press for more grants and new capital from member countries, even as it leverages its balance sheet to scale up lending for responses to climate change and other global crises, its managing director of operations said on Tuesday. The lender will rally donor support for …
World Bank seeks grants, new capital to fight global crises Read More »
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) -Asset managers Ashmore and GMO have joined the steering committee of a creditor group of Ghana’s international bondholders as the West African country’s debt restructuring efforts gather pace, three sources close to the matter said. Ghana, which is facing its worst economic crisis in a generation, …
Ashmore, GMO join Ghana bondholder group steering committee -sources Read More »
(Reuters) – Tullow Oil Plc said on Tuesday two minority partners of its licences in Kenya will withdraw from some blocks in the South Lokichar Basin, leaving the London-listed oil and gas explorer as the sole owner of the oilfield. The West Africa-focused company said the withdrawal from blocks 10BB, 13T and 10BA was due …
Tullow Oil’s partners in Kenya licences withdraw from Lokichar oilfield Read More »
By Chris Prentice and Nell Mackenzie NEW YORK/LONDON (Reuters) -Wall Street shares were mixed and European stocks finished little-changed as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials. Oil prices finished higher on demand optimism. U.S. treasury yields rose. House Republican …
Wall Street mixed, European stocks flat as US debt ceiling talks progress Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh data to signal whether the U.S. Federal Reserve is likely to continue hiking interest rates, while watching for news of a congressional deal to raise the U.S. debt …
Dollar gains against yen as Fed policy, debt ceiling in focus Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up 1% on Monday with a rise in U.S. gasoline futures and forecasts for oil demand to rise in the second half of the year, while supplies from Canada and OPEC+ declined in recent weeks. Oil prices, however, were held in check by a stronger dollar …
Oil rises 1% as supplies shrink, demand seen higher Read More »
By MacDonald Dzirutwe LAGOS (Reuters) -Nigeria commissioned Dangote Refinery on Monday amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year. The government of outgoing President Muhammadu Buhari sees the refinery as the answer to Nigeria’s repeated fuel …
Nigeria commissions Dangote refinery, seeks to end fuel imports Read More »
ADDIS ABABA (Reuters) – Ethiopia will launch a tender for a second international telecoms licence in June, the industry regulator said on Monday, as the Horn of Africa nation seeks to expand the sector. In November, the government said it had resumed the plan to issue a full telecoms licence for the operator, which will …
Ethiopia to launch tender for second telecoms licence in June -regulator Read More »
JOHANNESBURG (Reuters) -The rand strengthened on Monday amid relief that South Africa’s credit rating was not downgraded and bets on a large interest rate hike from the central bank later this week. At 1515 GMT, the rand traded at 19.2575 against the dollar, about 1% stronger than its Friday closing level. The dollar last traded …
South African rand firms on rate hike bets, ratings relief Read More »
