Reuters Africa Business

Amid energy crisis, EU plans to help gas-rich Mozambique boost security

16 Aug 2022

By Francesco Guarascio JOHANNESBURG (Reuters) – The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU’s reliance on Russian energy. The energy squeeze due to the Ukraine war has added impetus …

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Kenyan shilling inches down, focus on presidential vote result

16 Aug 2022

NAIROBI (Reuters) – Kenya’s shilling eased on Tuesday due to importer dollar demand, traders said, adding it was so far unaffected by announcement of the winner of last week’s presidential vote. On Monday, the election body declared Deputy President William Ruto as winner of the election. Traders said the market had adopted a wait and …

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Ghana monetary policy committee to hold emergency meeting on Wednesday

16 Aug 2022

ACCRA (Reuters) – Ghana’s monetary policy committee will hold an emergency meeting on Wednesday to review recent economic developments, the central bank said in a statement on Monday. Last week data showed that consumer inflation accelerated to 31.7% annually in July, its highest since late 2003, and the government’s top statistician warned that it was …

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Ukraine working to release detained wheat shipment for Egypt

15 Aug 2022

By Sarah El Safty and Mahmoud Salama CAIRO (Reuters) – Ukrainian officials are working to release a detained vessel carrying Ukrainian wheat purchased by Egypt’s government, Ukraine’s Mideast envoy told reporters on Monday. The vessel, Emmakris III, was detained last month at the request of Ukraine’s prosecutor general to investigate its alleged Russian owner, court …

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S.Africa’s Harmony Gold reports mine fatality

15 Aug 2022

(Reuters) – South Africa’s Harmony Gold on Monday reported a fatality at its Moab Khotsong mine in the North West province after a fall-of-ground incident. The incident took place on Saturday, Aug. 13, and an investigation is underway at the site, the company said in a statement. (Reporting by Nelson Banya; Editing by Jan Harvey)

S.African rand falls as dollar gains on global growth fears

15 Aug 2022

JOHANNESBURG (Reuters) -The South African rand fell on Monday as the U.S. dollar edged higher on global markets after disappointing economic data from China reinforced global recession worries. At 1525 GMT the rand traded at 16.4300 against the dollar, down 1.47% from its previous close. Chinese industrial output, retail sales and fixed-asset investment all fell …

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S.African coal miner Seriti plans 450 MW Mpumalanga wind farm

15 Aug 2022

(Reuters) – South African coal producer Seriti Resources on Monday said it planned to invest $730 million in building a 450 megawatt wind farm in Mpumalanga to kickstart a foray into renewable energy following its proposed acquisition of Windlab Africa. Privately-owned Seriti, a major coal supplier to South Africa’s state power utility Eskom, plans to …

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