(This Feb. 28 story has been corrected to rectify a surname in paragraph 7) By America Hernandez PARIS (Reuters) – A French civil court on Tuesday dismissed a fast-track lawsuit brought by campaigners against energy major TotalEnergies over its oil projects in Uganda and Tanzania, saying the case should be examined in depth in a …
French court dismisses Uganda lawsuit against TotalEnergies Read More »
JOHANNESBURG (Reuters) – South African manufacturing activity contracted sharply in February as unprecedented power cuts led to a marked deterioration in business conditions, a survey showed on Wednesday. The seasonally-adjusted Absa Purchasing Managers’ Index (PMI) fell to 48.8 points in February from 53.0 points in January, slumping below the 50-point mark that separates expansion from …
South African factory activity slumps in Feb on record power cuts – Absa PMI Read More »
NAIROBI (Reuters) – Kenya’s inflation <KECPI=ECI> rose to 9.2% year-on-year in February from 9.0% a month earlier, the statistics office said on Tuesday, largely driven by food and transport prices. February’s inflation rate has broken three consecutive months when the rate fell. It rose to 9.6% in October, its highest level since May 2017. February’s …
Kenya’s inflation rises to 9.2% yr/yr in February as food prices rise Read More »
By Nelson Banya (Reuters) -Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world’s leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday. South Africa is experiencing extended power cuts as its coal-fired generating plants frequently break down. Anglo American …
Sibanye says power cuts could lower S.Africa’s PGM output 15% Read More »
JOHANNESBURG (Reuters) – The South African rand strengthened on Tuesday after data showed that the country’s unemployment rate declined for the fourth consecutive quarter in October-to-December last year. At 1601 GMT, the rand traded at 18.3500 against the U.S. dollar, 0.39% stronger than its closing level on Monday. Unemployment fell to 32.7% in the final …
South African rand firms against dollar after unemployment data Read More »
By America Hernandez PARIS (Reuters) – A French court on Tuesday could order oil major TotalEnergies to halt the development of an east Africa pipeline in a landmark case based on legislation that makes big companies liable for risks to the environment and human rights. The Paris civil court will rule on a lawsuit filed …
French court to rule on landmark TotalEnergies Uganda case Read More »
(Reuters) – Oilfield firm Baker Hughes Co said on Tuesday it has been awarded a contract to supply subsea equipment and services to Angola-based firm Azule Energy for work in the Agogo oilfield. The Agogo field, offshore Angola, was the country’s largest offshore discovery in years and could help slow years of production declines in …
Baker Hughes signs supply contract with Angola’s Azule Energy Read More »
BAMAKO (Reuters) – Mali expects industrial gold output to fall by about 3.5% to 63.9 tonnes in 2023 from 66.2 tonnes the previous year, the mines ministry said on Tuesday. Mali is one of Africa’s top gold producers and home to industrial mines operated by companies including Barrick Gold, B2Gold Corp, Resolute Mining, AngloGold Ashanti …
Mali forecasts 3.5% decline in industrial gold output in 2023 Read More »
MILAN (Reuters) – Saipem has agreed to restart a liquefied natural gas (LNG) project in Mozambique for TotalEnergies in July, the chief executive of the Italian energy services group said on Tuesday. The project, which would be the first onshore development of a LNG plant in the African country, was frozen in 2021 due to …
Saipem to restart Mozambique LNG project for Total in July Read More »
By Felix Onuah and MacDonald Dzirutwe ABUJA (Reuters) -Nigeria’s ruling party candidate Bola Tinubu was ahead in the vote count after Saturday’s presidential poll, a Reuters tally of provisional results in 20 of 36 states showed on Monday, but opposition parties walked out of the counting process citing concerns of fraud. The tally of provisional …
Tinubu ahead in Nigeria election as opposition parties reject vote Read More »
