CAIRO (Reuters) – Algeria’s state oil and gas producer Sonatrach plans to start its first offshore oil drilling in 2023, the state news agency APS reported on Sunday, citing deputy chairman in charge of strategy and planning, Rachid Zerdani. (Reporting by Moataz Mohamed; Editing by Louise Heavens)
(Reuters) – Algeria’s state oil and gas producer Sonatrach increased exports to $34.5 billion in 2021 from $20 billion in 2020, on the back of higher energy prices, state radio said on Sunday, citing an interview with the company’s vice-president for strategy and planning, Rachid Zerdani. (Reporting by Maher Chmaytelli, Editing by Louise Heavens)
JOHANNESBURG (Reuters) – The South African rand advanced further on Friday, taking this week’s gains to more than 2% against the dollar, as the greenback dipped on a mixed U.S. jobs report. The rand has also benefited this week from bets that the South African Reserve Bank will hike interest rates early this year. At …
South African rand gains as mixed U.S. jobs report dents dollar Read More »
JOHANNESBURG (Reuters) – South Africa’s MTN Group said on Friday it has opposed a court application by rival Telkom SA seeking to halt a spectrum auction, in bid to prevent further delays to a process that has been stuck in a bureaucratic and legislative maze for years. South Africa’s third biggest telecoms company Telkom on …
S.Africa telco MTN sides with regulator in spectrum auction rift Read More »
LONDON (Reuters) – Angolan and Nigerian crude differentials have risen this week due to higher demand with several deals done, traders said on Friday. ANGOLA * At least three February-loading cargoes were heard to have traded in the last couple of days, according to traders: * Kissanje: Unipec bought a cargo from Equinor. * Girassol: …
JOHANNESBURG (Reuters) -The South African rand advanced further on Friday, taking this week’s gains to more than 2% against the dollar, as the greenback dipped on a mixed U.S. jobs report. The rand has also benefited this week from bets that the South African Reserve Bank will hike interest rates early this year. At 1608 …
South African rand gains as mixed U.S. jobs report dents dollar Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity expanded at a slower rate in December as new sales orders and employment edged lower, a survey showed on Friday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell to 54.1 points in December from 57.2 points in November, remaining above the 50-point mark that separates expansion from contraction. …
South Africa factory activity expands at slower rate in December – Absa PMI Read More »
NAIROBI (Reuters) – Kenya’s shilling weakened to a new all-time low on Friday, as strong dollar demand from various sectors outstripped lacklustre inflows, traders said. At 0829 GMT, commercial banks quoted the shilling at 113.20/40 to the dollar, an all-time low according to Refinitiv Eikon data. The shilling closed on Thursday at 113.10/30. ………………………Shilling spot …
Kenya shilling hits new all-time low amid strong dollar demand Read More »
TUNIS (Reuters) – Tunisia’s remittances from workers abroad rose by 28% in 2021 compared with 2020 to reach a record 7.254 billion dinar ($2.62 billion), central bank figures showed on Thursday. Remittances in 2020 reached 5.875 billion dinars. (Reporting By Tarek Amara; Editing by Hugh Lawson)
JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $55.309 billion in December from $55.160 billion in November, the Reserve Bank said on Friday. Gross reserves edged lower to $57.589 billion in December from $57.618 billion in November. The forward position, which represents the central bank’s unsettled or swap transactions, fell to $3.404 billion …
South Africa’s net foreign reserves rise to $55.309 billion in December Read More »
