By Elias Biryabarema KAMPALA (Reuters) -Uganda’s central bank raised its main lending rate by another 50 basis points to 9.0% on Friday and signalled that it could tighten policy further if inflationary pressures persist. The Bank of Uganda has now raised the rate by 250 basis points this year to try to tame inflation. Consumer …
Uganda raises policy rate again, signals further tightening Read More »
By Nelson Banya (Reuters) – South African gold miner Sibanye Stillwater is focused on operational stability and containing costs as market conditions are not conducive for gold mergers and acquisitions, Chief Executive Neal Froneman said on Thursday. Sibanye’s South African rival Gold Fields said in May it would acquire Canada’s Yamana Resources in an all-share …
Sibanye Stillwater CEO says market conditions not ideal for gold M&A Read More »
JOHANNESBURG (Reuters) – A government body has censured data network provider Rain for offering a proposal to merge with bigger rival Telkom SA saying the company had not sought prior approval. Rain, owned by South African billionaire Patrice Motsepe, said on Thursday it had proposed a merger with Telkom in bid to trump mobile company …
Govt body asks Rain to retract its proposal to merge with Telkom Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Thursday, failing to capitalise on a weaker dollar globally as local mining and manufacturing data came in worse than expected. At 1510 GMT, the rand traded at 16.2400 against the dollar, down around 0.1% on its previous close. The dollar index was down 0.2%, sliding further after …
South African rand slips on weak mining and manufacturing data Read More »
(Reuters) – Copper production in Democratic Republic of Congo, Africa’s top miner of the metal, surged by 51% in the first quarter of 2022, and cobalt output rose by 37%, central bank statistics showed on Thursday. The central African country produced 572,983 tonnes of copper and 28,990 tonnes of cobalt in the first three months …
By Cooper Inveen and Umaru Fofana FREETOWN (Reuters) – At least two police officers and one civilian died after a day of anti-government protests in Sierra Leone’s capital, Freetown, staff at the city’s main mortuary said on Wednesday. Sierra Leone’s government previously said there had been deaths, but did not say how many, as protesters …
Sierra Leone imposes nationwide curfew amid deadly anti-government protests Read More »
JOHANNESBURG (Reuters) – South Africa’s MTN Group CEO said on Thursday the mobile operator has received a $35 million binding offer for its Afghanistan business as part of plans to exit the Middle East and focus on less risky African operations. Group Chief Executive Officer Ralph Mupita told journalists on a news call that the …
South Africa’s MTN receives $35 million offer for Afghanistan unit Read More »
By Promit Mukherjee and Wendell Roelf JOHANNESBURG (Reuters) – South Africa’s Aspen Pharmacare’s COVID-19 vaccine production lines may soon go idle, and without any new orders it could be forced to pivot to manufacturing other products, a senior executive said on Wednesday. Aspen currently produces vaccines for Johnson & Johnson and, in March, it struck …
Aspen COVID vaccine lines risk going idle as J&J orders dwindle Read More »
By Promit Mukherjee and Wendell Roelf JOHANNESBURG (Reuters) -South Africa’s Aspen Pharmacare’s COVID-19 vaccine production lines may soon go idle, and without any new orders it could be forced to pivot to manufacturing other products, a senior executive said on Wednesday. Aspen currently produces vaccines for Johnson & Johnson and, in March, it struck a …
Aspen COVID vaccine lines risk going idle as J&J orders dwindle Read More »
(Refiles with no change to text) By Ron Bousso and Marwa Rashad LONDON (Reuters) -Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season. Unplanned disruptions …
LNG traders absorb huge losses after supply outages Read More »
