By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa-based gold miner AngloGold Ashanti has begun a complete review of its assets, its CEO said on Tuesday, in a bid to bridge the gap in performance of its mines compared with rivals. The miner, with operations across Africa, Australia and Latin America, reported a 38.66% drop in profit …
AngloGold starts asset review to close performance gap with rivals Read More »
By Maha El Dahan and Andrew Mills DOHA (Reuters) -There is no need for OPEC+ to expand its oil production increases, Nigeria’s petroleum minister said on Tuesday, even as oil nears $100 a barrel, as a potential deal between Iran and world powers will increase supplies. “We don’t have do anything extraordinary this time because …
No need for extra OPEC+ supplies amid Iran talks, Nigeria says Read More »
By Chris Mfula LUSAKA (Reuters) – The used tyres and plastic containers that litter the back streets of cities and towns in Zambia might be an eyesore, but for one company they are also an opportunity to make fuel that could slash the nation’s energy import bill while cleaning up its trash. The project by …
Zambia firm starts producing fuel from used tyres, plastic Read More »
DUBAI (Reuters) – Sudan’s gold exports exceeded $1.7 billion for the first time in 2021, Sky News Arabia reported on Tuesday citing the country’s mineral resources minister. Gold exports accounted for 40% of all exports last year, the minister said, adding the country expects a record jump in gold production this year with new investors …
Sudan’s 2021 gold exports exceeded $1.7 billion – Sky News Arabia Read More »
RABAT, (Reuters) – Morocco’s consumer price index rose by 3.1% year-on-year in January, the high commission for planning said on Tuesday. Food prices were up 4.3%, while non-food inflation increased by 2.3%. On a month-on-month basis the index was almost flat, rising by 0.1%. Core CPI, which excludes prices of volatile goods, rose 0.3% on …
Morocco’s annual CPI rises 3.1% in January -planning agency Read More »
NAIROBI (Reuters) – Kenya’s earnings from exports of cut flowers, fruits and vegetables rose 5% in 2021 from the previous year, data from the statistics office showed. Horticulture is a major source of foreign exchange for Kenya alongside tea, tourism and remittances. The Kenya National Bureau of Statistics said in its latest economic indicators released …
Kenya horticulture export earnings up 5% yr/yr in 2021 – stats office Read More »
JOHANNESBURG (Reuters) -The South African rand was relatively steady on Monday despite global markets being shaken by increased worries that Russia will invade Ukraine. At 1508 GMT, the rand traded at 15.1200 against the dollar, within touching distance of its 15.1225 closing level on Friday. The rand has been resilient in the past few weeks …
South African rand steady despite concern Russia may invade Ukraine Read More »
LONDON (Reuters) – Shell has made good progress with the Tanzanian government in recent months to advance a liquefied natural gas (LNG) project to tap the East African country’s huge gas resources, a Shell executive said on Monday. “We have seen some real quick progress over the last year compared to what had been a …
Shell says Tanzania LNG project is making good progress Read More »
(Reuters) – Morocco’s Royal Air Maroc plans to launch a new Casablanca-Tel Aviv route on March 13, Moroccan state news agency MAP reported on Monday. The announcement came as Israeli Economy Minister Orna Barbivai paid an official visit to Morocco as the two countries look to broaden cooperation since they normalised ties in 2020. (Reporting …
Royal Air Maroc to launch new Casablanca-Tel Aviv route – news agency Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -South Africa’s Sasol Ltd will be able to mitigate the impact of a production shortfall on profit and cash generation for the full year through high crude oil and chemical prices, its CEO said on Monday. The world’s biggest producer of fuel products and chemicals from coal reported earlier that …
S.Africa’s Sasol to offset output shortfall through prices – CEO Read More »
