JUBA (Reuters) -Sudan has lifted a nearly year-long force majeure on the transport of crude oil from its neighbour South Sudan to a port on the Red Sea after security conditions improved, according to a letter seen by Reuters on Monday. Khartoum declared force majeure in March last year after the main pipeline carrying oil …
JOHANNESBURG (Reuters) -Steel producer ArcelorMittal South Africa’s shares fell more than 15% on Monday after the company said it would proceed with the closure of its loss-making long steel business. The closure of the operations has been on the cards since November 2023 amid prolonged weak economic conditions, logistics and energy challenges and competition from …
ArcelorMittal South Africa to close plant, shares plummet Read More »
RABAT (Reuters) – Morocco’s top port operator Marsa Maroc will invest an undisclosed sum in Damerjog Oil FZE, which is planning to build an oil and gas port on Djibouti’s Gulf of Aden coast, according to a Moroccan government decree seen on Monday. Marsa Maroc has created a subsidiary, Marsa Maroc International Logistics, which will …
Marsa Maroc to invest in Djibouti’s Damerjog petroleum terminal, decree says Read More »
NAIROBI (Reuters) – Kenya’s shilling was steady against the dollar on Monday, data from London Stock Exchange Group showed. At 0736 GMT, the shilling traded at 129.00/129.50 per dollar, the same as Friday’s closing rate. (Reporting by George Obulutsa; Editing by Duncan Miriri)
NAIROBI (Reuters) -Nairobi Securities Exchange has lifted a suspension on trading shares of national carrier Kenya Airways, the bourse said on Monday. “The suspension on the trading of Kenya Airways PLC shares was lifted following the company’s recent performance which saw the company record a profit after tax and the withdrawal of the National Aviation …
Nairobi Securities Exchange allows Kenya Airways shares to trade again Read More »
CAIRO (Reuters) – Operating conditions in Egypt’s non-oil private sector deteriorated in December, with output and new orders falling at the sharpest rates in eight months amid rising cost pressures, S&P Global reported on Monday. The headline S&P Global Egypt Purchasing Managers’ Index (PMI) dropped to 48.1 in December from 49.2 in November, its fourth …
Egypt’s non-oil private sector contracts in December as cost pressures rise, PMI shows Read More »
CAIRO (Reuters) – Egypt is expected to receive a $1.2 billion disbursement from the International Monetary Fund this month as part of an $8 billion programme with the international lender, Finance Minister Ahmed Kouchouk said on Sunday. Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the …
Egypt to receive $1.2 billion as part of IMF programme in January, finance minister says Read More »
PORT LOUIS (Reuters) – The former governor of Mauritius’ central bank has been released on bail after he was detained and charged with conspiracy to commit fraud, a local newspaper reported. Harvesh Seegolam was arrested on Friday, the first major move by the government of Prime Minister Navin Ramgoolam, who has said the previous administration …
Mauritius’ former central bank governor released on bail, local media report Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rallied on Friday but remained on track for a weekly decline, while the dollar stalled after its recent rally but found some support from a stronger-than-expected U.S. manufacturing survey. U.S. stocks secured strong gains, with both the S&P 500 and Nasdaq up more than 1% to snap …
Stocks rally after recent weakness, dollar slips Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher on Friday and were on track for weekly gains as cold weather in Europe and the U.S. as well as additional economic stimulus flagged by China helped push prices in the previous session to their highest in more than two months. Brent crude futures were up …
Oil heads for weekly gains on colder weather, Chinese policy support Read More »
