JOHANNESBURG (Reuters) -The South African rand lost ground on Monday, bruised by a strong dollar and lengthy power cuts by state-owned utility Eskom. At 1602 GMT, the rand traded at 17.7250 against the dollar, 0.64% weaker than its previous close. In the morning the rand had fallen to 17.7850, its lowest level in more than …
South African rand slips as strong dollar, power cuts weigh Read More »
JOHANNESBURG (Reuters) – South Africa-listed gold miner AngloGold Ashanti has agreed to pay $150 million in cash to acquire a subsidiary of Coeur Mining with mining concessions in Nevada adjacent to its own, the companies said on Monday. The unit, Coeur Sterling Inc, holds properties in Nevada estimated to hold 914,000 ounces of gold. AngloGold …
AngloGold Ashanti to pay $150 million for Coeur Mining’s Nevada gold projects Read More »
HARARE (Reuters) – Zimbabwe’s economy will grow this year by less than the 4.6% previously forecast because of factors including high inflation and government spending cuts, Finance Minister Mthuli Ncube said on Monday. Ncube did not give a new 2022 growth forecast. The 4.6% estimate was given in July during a budget review after being …
Zimbabwe economy will grow less than pvs 4.6% forecast this year -Finance Minister Read More »
By Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) – Tunisia expects to reach a deal with the International Monetary Fund in coming weeks on a loan of between $2 billion and $4 billion over three years, the central bank governor said on Sunday. Tunisia, which is suffering its worst financial crisis, is seeking to secure …
Tunisia expects deal on IMF loan in weeks, cbank governor says Read More »
YENAGOA, Nigeria (Reuters) – Shell’s 200,000 barrels-per-day Bonga deep water storage and offloading vessel in Nigeria is scheduled for maintenance in October, a spokesperson said on Sunday. The Shell Nigeria Exploration and Production Company did not say how long maintenance on the Bonga floating unit would last. Bonga is typically one of the larger export …
Shell’s Bonga deep water vessel set for maintenance in October Read More »
By Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) – Tunisia expects to reach a deal with the International Monetary Fund in coming weeks on a loan of between $2 billion and $4 billion over three years, the central bank governor said on Sunday. Tunisia, which is suffering its worst financial crisis, is seeking to secure …
Tunisia expects deal on IMF loan in weeks, cbank governor says Read More »
TUNIS (Reuters) – Tunisia said on Saturday it is raising the price of cooking gas cylinders by 14% and fuel by 3% as part of a plan to reduce energy subsidies, a policy change wanted by the country’s international lenders. The Energy Ministry said the cooking gas price will increase to 8.800 dinars from 7.750 …
Tunisia hikes cooking gas, fuel prices in bid to cut subsidies Read More »
CAIRO (Reuters) – Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal authority’s chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan. 1, 2023. (Reporting by Yousri …
Suez Canal authority to raise transit fees by 15% in 2023 – chairman Read More »
KYIV (Reuters) – The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on board, Ukraine’s infrastructure ministry said on Saturday. “The vessel is headed for Ethiopia. According to UN estimates, Ethiopia is on the verge of a food crisis,” the …
U.N. ship leaves Ukraine with wheat for Ethiopia – ministry Read More »
By Bate Felix DAKAR (Reuters) – U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with how to power their development with clean energy. “We are not saying no gas,” Kerry told Reuters on the …
US climate envoy Kerry cautions against long-term gas projects in Africa Read More »
