Reuters Africa Business

By Aidan Lewis CAIRO (Reuters) – Innovative financing tools provide a route to ensuring that commitments made at the COP26 climate summit are converted to action as Egypt plans for the follow-up event next year, the country’s international cooperation minister said. Scaling up climate mitigation and adaptation projects would be a challenge given the lower …

Innovative financing can help unlock promises at Egypt’s COP27 – minister Read More »

LUSAKA (Reuters) – Zambia’s copper production is expected to reduce to 800,000 tonnes by end of this year from 868,671 tonnes last year, Mines Minister Paul Kabuswe said in a statement on Wednesday. Copper output in Africa’s No.2 producer of the metal dropped to 593,500 tonnes between January and September 2021 from 623,816 tonnes in …

Zambia sees copper production down at 800,000 tonnes in 2021 Read More »

DAKAR (Reuters) – Senegal’s economy will grow 5% in 2021 thanks in part to solid industrial output, the International Monetary Fund said on Wednesday, revising up a previous forecast of 3.5% growth for this year. The Fund said it had reached a staff-level agreement with the West African nation that could pave the way for …

Senegal’s economy to rebound to 5% growth in 2021, says IMF Read More »

By Helen Reid JOHANNESBURG (Reuters) – Democratic Republic of Congo’s state cobalt monopoly plans to start buying artisanal cobalt in January, its CEO Jean-Dominique Takis said in an interview at the Reuters Next conference, as the world’s biggest producer of the metal tries to ramp up revenue. Cobalt, which is trading at around $62,000 a …

Congo state cobalt monopoly aims to start buying in January Read More »

(Reuters) – South Africa-based miner Gold Fields laid out new environment, social and governance (ESG) goals on Wednesday, saying it would cut net carbon emissions by 30% by 2030 and look to boost the proportion of women in its workforce. The company, which operates gold mines in Africa, Australia and Latin America, said its investment …

S.Africa’s Gold Fields aims to cut carbon emissions by 30% by 2030 Read More »

ABUJA (Reuters) – MTN Nigeria fell 10% to a five-week low of 171 naira on Wednesday after it set a retail public offer price that is lower than its share price on the stock market. The Nigerian unit of South African telecoms group MTN opened its sale to retail investors on Wednesday at 169 naira …

MTN Nigeria drops 10% after low IPO pricing Read More »