By Cooper Inveen and Christian Akorlie ACCRA (Reuters) -Ghana’s central bank on Monday raised its main lending rate by a further 250 basis points to 27% to try to quell inflation in an economy facing its worst economic crisis in a generation. The cocoa, gold, and oil-producing nation, one of West Africa’s largest economies, has …
Ghana central bank hikes lending rate further to dampen inflation Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Monday as protests in Chinese cities against the country’s strict zero-COVID curbs raised investors’ concerns about the growth implications for the world’s second-largest economy and hit global market sentiment. At 1521 GMT, the risk-sensitive rand traded at 17.1100 against the U.S. dollar, about 0.23% weaker than its …
S.African rand weaker as China COVID protests hurt global sentiment Read More »
(Reuters) – Sibanye Stillwater’s board has approved 588 million euros ($616.22 million) of capital expenditure to advance its Keliber lithium project in Finland, the company said on Monday, seeking a foothold in the European battery metals market. The diversified South African miner took control of Finnish battery chemicals maker Keliber in October, when it raised …
Sibanye Stillwater plans $616 million of spending on Finland lithium project Read More »
ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast since the start of the season on Oct. 1 had reached 718,000 tonnes by Nov. 27, up 1.1% from the same period last season, exporters estimated on Monday. About 59,000 tonnes of beans were delivered to Abidjan port and 64,000 tonnes to San …
Ivory Coast 2022/23 cocoa arrivals seen at 718,000 T by Nov. 27 -exporters Read More »
LAGOS (Reuters) – A consortium led by Portugal’s builder Mota-Engil and two Chinese ventures has been shortlisted by Nigeria’s Lagos state to build a $2.5 billion bridge that is expected to relieve severe congestion in the mega city, an official said on Sunday. The 37 kilometre Fourth Mainland Bridge, will be built under a public-private …
Nigeria’s Lagos shortlists Mota-Engil, Chinese ventures for $2.5 billion bridge Read More »
LAGOS (Reuters) – Shell’s Nigeria subsidiary SPDC has begun exporting limited amounts of oil from the Bonny terminal as it works to reinstate full pipeline production, a spokesperson said on Saturday. Shell Petroleum Development Company of Nigeria (SPDC) declared force majeure on Bonny Light crude oil exports in early March, citing a slump in flows …
Shell’s Nigeria unit begins limited crude exports from Bonny terminal Read More »
TUNIS (Reuters) – Tunisian officials said on Friday it was possible that international companies were using a Tunisian storage facility to supply naphtha, including from Russia, to South Korea, but that the Tunisian government had no role in that. Reuters cited Refinitiv trade flow data on Thursday to show that South Korea had this year …
Tunisian officials say storage facility may be used for Russian naphtha Read More »
By Loucoumane Coulibaly ABIDJAN (Reuters) – Ivory Coast has completed construction of a second container terminal at its main port in Abidjan, paving the way for it to become a regional shipping hub, officials said late on Friday. Port authorities said the project cost about 596 billion CFA francs ($953 million) and was 85% financed …
Ivory Coast completes second shipping container terminal Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Friday, as the dollar recovered some of its losses following the U.S. Thanksgiving holiday. At 1615 GMT, the rand was trading at 17.1150, down 0.62% from its previous close. The dollar’s recovery comes after it hit multi-month lows earlier in the week as the prospect of the Federal …
By Sergio Goncalves (Reuters) -Angola’s central bank maintained its main interest rate at 19.5% on Friday after cutting it by 50 basis points in September, in contrast to a global trend of monetary policy tightening. “The monetary policy committee will continue to guide its policies towards maintaining the current course of deceleration of inflation in …
Angola keeps benchmark rate at 19.5% after first cut in years Read More »
