(Reuters) – The private sector will fund three quarters of Zimbabwe’s wheat crop this year, playing a growing role in agriculture as the government opens the sector to boost food security, a commodity contractors’ body said. Graeme Murdoch, chairman of the Food Crop Contractors Association (FCCA), made up of commodity traders, offtakers and millers who …
Zimbabwe frees up grain trade, opens door for private sector Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil futures dipped on Tuesday as weaker-than-expected economic data in China and the United States offset a forecast of higher global demand from the International Energy Agency (IEA). Brent crude futures settled 32 cents lower to $74.91 a barrel. U.S. West Texas Intermediate crude edged down 25 cents …
Oil dips as weaker China, US economic data offset IEA demand forecast Read More »
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over a 12-year period, a new report said on Tuesday, and singled out Shell and Eni for being responsible for most of the pollution. Bayelsa is one of the major oil producing states in the …
Nigeria needs $12 billion to clean up Bayelsa oil spills – report Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible default that could reverberate across asset markets and damage confidence in the world’s largest economy. The dollar index, a measure of the …
Dollar drifts higher as US debt ceiling in spotlight Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling negotiations in Washington dampened investor risk appetite. While all three major U.S. stock indexes ended down, the tech-heavy Nasdaq’s losses were held in check …
Wall St ends lower, Treasury yields climb as debt ceiling talks in spotlight Read More »
JOHANNESBURG (Reuters) – South Africa’s rand weakened on Tuesday, after data released earlier in the day showed a rise in first-quarter unemployment figures, providing a steer on the health of the local economy after a week of market turbulence. At 1515 GMT the rand traded at 19.0900 against the dollar, about 0.34% weaker than Monday’s …
South African rand dips after unemployment data, turbulent market Read More »
By Kopano Gumbi PRETORIA (Reuters) – South Africa’s unemployment rate rose in the first quarter after declining for four consecutive quarters last year, data showed on Tuesday, as the country reeled from record power cuts. Unemployment rose to 32.9% in the first three months of 2023 from 32.7% in the final quarter of last year, …
South Africa’s unemployment rate rises amid power crisis Read More »
NAIROBI (Reuters) – Kenya’s Equity Group Holdings said on Tuesday its first-quarter 2023 pretax profit jumped 10% to 16.9 billion Kenyan shillings ($124 million), as its loan book rose. Equity, which also operates in Uganda, Tanzania, Rwanda, Burundi, South Sudan and Democratic Republic of Congo, said net loans rose by just over a fifth to …
Kenya’s Equity Group Q1 2023 pretax profit up 10% Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields rose amid flickering optimism that Washington will get past partisan wrangling and reach a debt ceiling deal. While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter …
Wall Street advances, Treasury yields rise as debt-ceiling debate rolls along Read More »
HARARE (Reuters) – China’s Sinomine Resource Group’s Zimbabwe lithium unit on Monday said it had halted operations for a week after unspecified administrative concerns raised by the authorities. Sinomine took over Bikita Minerals, which was at the time Zimbabwe’s sole lithium-producing mine and one of Africa’s oldest, in a $180 million deal last year. “This …
Sinomine suspends Zimbabwe lithium ops over authorities’ concerns Read More »
