Reuters Africa Business

ACCRA (Reuters) – Ghana’s finance ministry has formed a five-member committee with the Bank of Ghana to lead discussions with the financial services industry concerning an International Monetary Fund (IMF) programme, it said in a statement on Tuesday. The goal of the committee is to “ensure orderliness and confidence in the government’s ongoing negotiations with …

Ghana finance ministry, central bank form committee for talks on IMF programme Read More »

DAKAR (Reuters) – Air Senegal will suspend flights on its Central Africa route serving Cotonou in Benin, Douala in Cameroon and Libreville from Oct. 30 due to lack of business, it said on Monday. “This decision is justified by the poor financial performance of this triangular line since its launch in March 2021,” the airline …

Air Senegal to suspend flights on Central Africa route for lack of business Read More »

WINDHOEK (Reuters) – The head of QatarEnergy, who is also Qatar’s energy minister, said on Monday the company wants to speed up the development of two oil wells it discovered off the Namibian coast with joint venture partners earlier this year. Saad al-Kaabi said drilling work is expected for 2023 to get a better understanding …

Qatar aims to accelerate development of Namibia oil discoveries -energy minister Read More »

By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she hoped debt restructuring efforts for Zambia and Chad could be completed by the end of the year, which would pave the way for more countries to seek help. Georgieva, speaking with civil society groups at the start of …

IMF chief Georgieva aims to complete Zambia, Chad debt restructuring by year-end Read More »

CAIRO (Reuters) -Egypt’s annual urban consumer inflation rose to a slightly faster-than-expected 15% in September, its highest in almost four years, data from the country’s statistics agency CAPMAS showed on Monday. The inflation rate sped up from August’s 14.6% year on year, according to CAPMAS data, to the highest level since November 2018, when it …

Egypt’s inflation rate rises to near four-year high Read More »

(Reuters) – Zimbabwe’s miners do not expect any significant impact from the government’s proposal to collect royalties in the form of refined minerals, the country’s Chamber of Mines said on Monday. President Emmerson Mnangagwa announced on Sunday that Zimbabwe would require companies mining gold, diamonds, lithium and platinum group metals (PGMs) to pay part of …

Zimbabwe miners unfazed by new royalties proposal Read More »

LAGOS (Reuters) – An oil theft point that operated undetected in Nigeria for an estimated nine years ran from the Trans Escravos pipeline in the country’s Delta state and not the Forcados export terminal as previously stated, the state oil company said on Sunday. Large-scale theft from the nation’s pipelines has throttled exports, forced some …

Nigerian oil theft line did not begin at export terminal, NNPC says Read More »

(Reuters) – South Africa’s Kumba Iron Ore’s production and exports will be hampered by a strike at state-owned logistics company Transnet, the miner said on Monday. Transnet, which operates South Africa’s freight rail network and all of the country’s ports, declared force majeure at its ports on Thursday after some workers began a strike over …

S.Africa’s Kumba Iron Ore says Transnet strike will hit exports Read More »

LONDON (Reuters) – Anglo American’s De Beers has appointed oil and energy industry executive Al Cook as its new chief to replace Bruce Cleaver, who steps down after eight years at the helm of the world’s top diamond producer. Cook joins at the start of 2023 from Norway’s Equinor, Europe’s top gas supplier, where he …

Top diamond producer De Beers names Equinor’s Cook as new CEO Read More »