Reuters Africa Business

By Nqobile Dludla JOHANNESBURG (Reuters) -The Competition Tribunal’s decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to digital infrastructure expansion, analysts said. The ruling, which blocked South Africa’s top telco from taking a …

Blocked Vodacom merger derails S.African telcos M&A push, analysts say Read More »

JOHANNESBURG (Reuters) -South Africa’s rand gained on Monday against a weaker dollar, as investors geared up for the U.S. to elect its next president and the Federal Reserve’s interest rate announcement this week. At 1522 GMT, the rand traded at 17.50 against the U.S. dollar, about 0.9% stronger than its previous close. The dollar last …

South African rand gains as markets brace for US election, rate decision Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes climbed on Friday with Amazon.com shares rallying following the company’s stronger-than-expected results, while 10-year Treasury yields hit a four-month high as investors grew wary of buying bonds before the U.S. presidential election on Tuesday. Treasury yields initially tumbled after U.S. jobs data for October showed …

Stocks rise with Amazon; US yields up ahead of US election Read More »

By Brian Benza, Felix Njini and Clara Denina GABORONE (Reuters) -Botswana’s new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible. De Beers, a unit of mining company Anglo American, last year agreed a new diamond sales pact, …

Botswana’s new president aims to clinch De Beers diamond sales pact soon Read More »

By Sonia Rao NAIROBI (Reuters) – Kenyan hair braider Jemima Atieno spent decades building her business in Nairobi’s bustling Kenyatta market, only to lose ground to social media after the pandemic as her customers went online to find similar services. “I don’t know how somebody can get to social media,” the 52-year-old told Reuters, reflecting …

App boosts Kenyan hair braiders left behind by digital gender gap Read More »

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The dollar rose against the euro and rebounded against most major currencies on Friday after traders digested data showing U.S. job growth slowed sharply in October amid disruptions from hurricanes and strike action by aerospace factory workers. Nonfarm payrolls rose by 12,000 jobs after a …

Dollar rebounds after weak jobs data; traders eye US election Read More »