JOHANNESBURG (Reuters) – Private sector credit in South Africa rose 7.86% year on year in August after rising by a revised 7.06% in July, central bank data showed on Thursday. The broadly defined M3 measure of money supply increased by 8.15% in August after expanding by 8.15% in the previous month. (Reporting by Anait Miridzhanian; …
South Africa’s private sector credit up 7.86% y/y in August Read More »
ALGERIS (Reuters) – Algeria’s Sonatrach has agreed to supply Italian utility Enel with additional volumes of gas in 2022, Sonatrach CEO Tewfik Hakkar told reporters on Wednesday. Italy is expected to receive 25.2 billion cubic metres (bcm) of gas from Algeria this year, up from 20.9 bcm in 2021. (Reporting by Lamine Chikhi; Writing by …
Algeria’s Sonatrach to supply Italy’s Enel with more gas in 2022 Read More »
JOHANNESBURG (Reuters) -South Africa’s rand recovered some losses to strengthen on Wednesday, as the dollar softened from a two-decade peak it hit earlier in the day. At 1555 GMT, the rand traded at 17.8875 against the dollar, 0.74% stronger than its previous close. The rand had earlier in the morning hit a new 28-month low …
South African rand gains as dollar retreats from 20-yr peak Read More »
GABORONE (Reuters) – Botswana President Mokgweetsi Masisi on Wednesday commissioned a new 1.4 million tonne per year coal mine at state-owned Morupule Coal Mine (MCM), aiming to increase exports after demand for the fuel boomed since the start of the war in Ukraine. Despite the country’s estimated 212 billion tonnes of coal resources, MCM was …
Botswana’s Morupule aims to boost coal output by 50% with new mine Read More »
LUSAKA (Reuters) – Zambia’s Konkola Copper Mines (KCM) has appointed Rand Merchant Bank (RMB) as financial advisor as the government searches for a new investor to expand the copper mine and smelter, the company’s state-appointed provisional liquidator said on Wednesday. Zambia’s previous government put KCM in the hands of a liquidator in May 2019, triggering …
Zambia’s Konkola Copper Mines hires RMB to find new investor Read More »
By Cooper Inveen ACCRA (Reuters) -Ghana’s negotiations with the International Monetary Fund over a rescue package will be fast-tracked, the country’s Finance Minister Ken Ofori-Atta said on Wednesday. Ghana began talks with the Fund on Monday for an IMF-supported lending programme in a bid to reduce economic hardship that spurred street protests. “Negotiations will be …
Ghana negotiations with IMF to be fast-tracked : finance minister Read More »
By Libby George LAGOS (Reuters) -Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday. Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition on the continent, underscoring a mandate …
Oil giant Shell snaps up African solar provider Daystar Power Read More »
ACCRA (Reuters) – Ghana’s Cocoa Board (COCOBOD) will sign a $1.3 billion pre-export syndicated loan agreement with international banks on Thursday to finance beans purchases for the 2022/23 season, the board’s spokesman said on Wednesday. Ghana, the world’s second largest cocoa producer behind Ivory Coast, uses loans from international banks every year mainly to finance …
Ghana’s COCOBOD to sign $1.3 billion syndicated loan agreement, spokesman says Read More »
DAKAR (Reuters) – Saudi Arabia’s development fund will give Senegal a $63 million dollar loan to finance the construction of a coastal highway from Dakar to Saint-Louis and Dakar to Tivaoune, it said in a statement on Tuesday. (Reporting by Nellie Peyton; Editing by Chris Reese)
ABUJA (Reuters) – Nigeria’s oil regulator will from Wednesday start a probe into operations of exploration and producing companies to ascertain compliance with terms of their contracts and as well as plans to develop the gas sector, its chief executive said. Nigeria’s crude oil production fell below 1 million barrels per day in August, figures …
Nigeria regulator to probe oil firms on compliance, gas plans Read More »
