JOHANNESBURG (Reuters) -Coal exports from South Africa’s Richards Bay Coal Terminal (RBCT) hit their lowest level since 1993 last year, at 50.35 million tonnes, reflecting a lack of trains to carry coal from mines to port. However, exports to Europe from Africa’s largest coal export facility showed a more than six-fold increase to 14.3 million …
South Africa’s RBCT coal exports hit 29-year low in 2022 Read More »
JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 13.5% year on year in December from 15.0% in November, statistics agency data showed on Thursday. On a month-on-month basis, the producer price index was at 0.0% in December from 0.5% the previous month, Statistics South Africa said. (Reporting by Anait Miridzhanian; Editing by Alexander Winning)
(Corrects official’s first name in 5th paragraph to Perez (not Peres) KAMPALA (Reuters) – Uganda will ask Turkish firm Yapi Merkezi to secure financing for a $2.2 billion rail link to the Kenyan port of Mombasa and is eyeing export credit agencies as potential sources, a senior official told Reuters. The Turkish construction company had …
Uganda to ask Turkish firm to secure rail deal financing Read More »
By Rachel Savage and Kopano Gumbi JOHANNESBURG (Reuters) – High hopes that South Africa’s government will next month lay out plans to take on a majority of the debt owed by beleaguered state utility Eskom have lifted the company’s bonds, providing some relief to investors facing a long and uncertain wait. South Africa has been …
Eskom’s debt plan raises hopes for investors facing long wait for relief Read More »
AMSTERDAM (Reuters) – Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet’s big cuts announced last week. “We are adapting to a changing macro environment …
Prosus, Naspers cutting 30% of jobs at corporate offices Read More »
JOHANNESBURG (Reuters) -The South African rand was little changed on Wednesday as investors awaited an interest rate decision on Thursday. At 1640 GMT, the rand traded at 17.1800 against the U.S. dollar, compared to Tuesday’s close of 17.1850. “There is clear reluctance to adopt any significant directional momentum while investors wait for the SARB’s decision …
South African rand flat; investors await rate decision Read More »
MILAN (Reuters) – Algerian state energy company Sonatrach is teaming up with South Africa’s petrochemical group Sasol on a project in Sicily to produce “low carbon” hydrogen and synthetic natural gas (syngas) as well as to capture and reuse CO2. “The ‘low carbon’ hydrogen and syngas, produced with energy from renewable sources, will be used …
Sonatrach, Sasol to produce ‘low carbon’ hydrogen in Sicily Read More »
By Shadia Nasralla LONDON (Reuters) -West Africa-focused oil producer Tullow Oil on Wednesday raised its 2022 free cash flow guidance to $267 million, slightly ahead of previous guidance and up from $245 million the previous year. It plans to invest $400 million this year, mainly on its flagship fields in Ghana, expecting free cash flow …
Tullow Oil ups 2022 free cash flow outlook, Ghana tax looms Read More »
By Ron Bousso LONDON (Reuters) – Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said. The company has hired investment bank Standard Chartered to run …
Exclusive-Equinor joins Western oil firms’ retreat from Nigeria -sources Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 4.8% in the current fiscal year, faster than predicted by the government, but will not meet government targets over the medium term, a Reuters poll showed on Wednesday. The predictions follow the approval last month of a $3 billion financial rescue package from the International …
Egypt economic growth this year seen quicker than government forecast Read More »
