By Francesca Landini and Alvise Armellini MILAN (Reuters) – Eni and Algeria’s Sonatrach will study joint projects to improve the north African country’s energy export capacity, the Italian group said on Monday, as Rome strives to become a bridge for African trade with Europe. The two energy companies signed new deals on Monday during Italian …
Eni, Algeria’s Sonatrach aim to increase energy supply to Europe Read More »
By Nita Bhalla NAIROBI (Thomson Reuters Foundation) – Rights groups are calling on Meta Platforms to seize the opportunity to improve its content moderation in Africa after its main third-party contractor in the region said it would no longer screen harmful posts for the social media giant. Kenya-based outsourcing firm Sama said on Jan. 10 …
Meta urged to boost Africa content moderation as contractor quits Read More »
By Seun Sanni LAGOS (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it become an African hub for transshipment, handling cargoes in transit for other destinations. President Muhammadu Buhari has made building infrastructure a key pillar of his …
Nigeria opens ‘game changer’ billion-dollar deep seaport Read More »
JOHANNESBURG (Reuters) -South African retailer TFG’s third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday. The increase was despite the company’s biggest business, TFG Africa, losing about 112,000 trading hours during the three months to Dec. 31 because of rolling power …
TFG sales leap with Black Friday and festive boost Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Monday as the U.S. dollar edged up on global markets, with investor attention this week pinned on the South African Reserve Bank’s first interest rate decision of the year. At 1525 GMT, the rand traded at 17.2050 against the dollar, over 0.4% weaker than its previous close. …
South African rand slips; eyes on Reserve Bank this week Read More »
JOHANNESBURG (Reuters) – Offshore investors sold a net 8.85 billion rand ($516.87 million) of South African stocks last week, data from the Johannesburg Stock Exchange showed on Monday. Settlement data on bonds showed net purchases of 6.63 billion rand, while trading data showed net sales of 2.66 billion rand. ($1 = 17.1224 rand) (Reporting by …
Offshore investors net sellers of South African stocks Read More »
By Aidan Lewis CAIRO (Reuters) – Italy’s Foreign Minister said on Sunday his country saw Egypt as an important partner in stemming irregular migration across the Mediterranean and in bolstering its energy security. Though Egypt has largely prevented departures of migrant boats from its own north coast since 2016, the number of Egyptian nationals crossing …
Italy’s foreign minister eyes migration, energy on trip to Cairo Read More »
By Tim Cocks JOHANNESBURG (Reuters) – Calling all South Africans: be sparing with electrical appliances after 4 p.m., think twice about whether you really need to boil so much water for that tea, and don’t even think about switching on your air conditioner after dark. These were among the pleas state power company Eskom’s outgoing …
South Africa’s Eskom says worst power cuts over for now but urges less use Read More »
By Andrea Shalal DAKAR (Reuters) -Russia’s war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent’s economy, U.S. Treasury Secretary Janet Yellen said in Senegal’s capital Dakar on Friday. Yellen said ending the war would be the best thing to help the global economy, but …
Yellen says Russian oil price cap could save African countries $6 billion annually Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria’s NNPC spent 4.39 trillion naira ($9.7 billion) on a petrol subsidy last year, latest data from the state-owned firm showed on Friday, a cost the government has blamed for dwindling public finances. NNPC did not remit funds to federal accounts last year, its data showed, leaving a hole …
Nigeria’s NNPC spent $10 billion on fuel subsidy in 2022 Read More »
