JOHANNESBURG (Reuters) -The South African rand and stocks rose on Tuesday as the dollar weakened after data showed a further decline in U.S. inflation, raising the prospect that the pace of Federal Reserve interest rate hikes will ease. At 1548 GMT, the rand traded at 17.2400 against the dollar, 2.2% stronger than its Monday close. …
South African rand jumps as dollar weakens on U.S. CPI data Read More »
By Nelson Banya JOHANNESBURG (Reuters) -Outgoing Gold Fields Ltd CEO Chris Griffith decided to step down as he felt responsible for the South African miner’s failed bid to acquire Canada’s Yamana Gold, the company’s chairman said on Tuesday. Griffith will leave his role effective Dec. 31, a month after the South African gold miner’s planned …
Departing Gold Fields CEO felt responsible for failed Yamana deal Read More »
By Cooper Inveen and Christian Akorlie ACCRA (Reuters) -The International Monetary Fund (IMF) is poised to lend Ghana $3 billion as the African nation grapples with its worst economic crisis in a generation, Finance Minister Ken Ofori-Atta said on Tuesday. Ghana’s determination not to seek the fund’s help for a 17th time crumbled in July …
Ghana expects $3 billion IMF loan approval early in 2023 Read More »
JOHANNESBURG (Reuters) -Lifezone Metals, which plans to mine nickel in Tanzania with a low carbon footprint, will list in New York in a deal with blank-check acquisition firm GoGreen Investments, the companies said on Tuesday. Lifezone Metals, valued by the special purpose acquisition company (SPAC) deal at around $1 billion, owns the Kabanga Nickel mine …
Tanzania nickel producer Lifezone Metals to list in New York Read More »
JOHANNESBURG (Reuters) – MTN South Africa and MTN GlobalConnect, in partnership with a consortium, have landed a 45,000 kilometre subsea cable in South Africa, part of plans to build a subsea network to connect African countries to Europe and the Middle East. Africa’s big economies have a fast growing population of internet users, with growth …
MTN lands subsea cable in South Africa to boost Africa’s connectivity Read More »
BAMAKO (Reuters) – The World Bank and Mali on Monday signed financing agreements for two projects worth around $302 million, the ministry of economy said. Around $266 million will go to an urban resilience project in the capital Bamako and the remaining $36 million will fund agricultural development in the arid part of the West …
World Bank, Mali sign two financing agreements worth around $302 million -Mali govt Read More »
(Reuters) – The International Monetary Fund’s (IMF) executive board on Monday said it has approved a $319 million funding package for Rwanda. The IMF reached a staff-level agreement with Rwanda for the funding in October to support the country’s economic reforms and help it build resilience against climate change. (Reporting by Hereward Holland and …
IMF’s executive board approves $319 million funding for Rwanda Read More »
(Changes reference to ‘his’ not ‘her’ in paragraph 6) LAGOS (Reuters) -Dog lovers in Nigeria’s commercial capital Lagos were dazzled at a weekend carnival where man’s best friend strutted the red carpet in colourful outfits, part of a drive to encourage pet ownership in a country where dogs are often bred for their meat. Jackie …
Dog show teaches Nigerians new tricks about pet ownership Read More »
JOHANNESBURG (Reuters) -The South African rand and stocks fell on Monday, with investors cautious ahead of a raft of local data. At 1532 GMT, the rand traded at 17.5700 against the dollar, about 1.18% weaker than its Friday close. This week, domestic data that could influence rand trading includes October mining output and November business …
South African rand, stocks fall at start of busy data week Read More »
LONDON (Reuters) – London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion, it said on Monday. The announcement followed Exxon Mobil Corp closing a $407 million sale of its operations in Central Africa’s Chad and Cameroon to Savannah on Friday. …
Savannah Energy follows Chad deal with South Sudan acquisition Read More »
