By Clara Denina, Pratima Desai and Helen Reid LONDON (Reuters) – Democratic Republic of Congo plans to expand its main border post with Zambia, a source close to its government said, to ease truck queues of up to 60 km that copper miners have faced this year due to increased production and inadequate infrastructure. The …
Congo plans border post expansion as mining trucks endure up to 60 km queues Read More »
(Reuters) -South Africa’s rand weakened on Monday, resuming its downward trend from the week before, as the safe-haven dollar strengthened amid global growth fears. At 1531 GMT, the rand traded at 17.0325 against the dollar, 0.74% weaker from its previous close. On Monday, it hit a level unseen since September 2020. The dollar, boosted by …
By Nelson Banya (Reuters) -South Africa’s Gold Fields on Monday fielded questions from sceptical investors after the company promised higher dividends and a Toronto Stock Exchange (TSX) listing to sweeten its proposed takeover of Canada’s Yamana Gold. The miner announced plans to acquire Yamana in an all-share deal valuing the Canada-listed miner at $6.7 billion …
Gold Fields sweetens Yamana deal to win over investors Read More »
ABIDJAN (Reuters) – Heavy rain last week in Ivory Coast’s cocoa-growing regions has spurred the growth of flowers but more sun is needed to help them develop into small cocoa pods, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its rainy season which runs from April to mid-November. The size …
Ivory Coast cocoa farmers welcome rain, say more sun needed Read More »
By Andrea Shalal (Reuters) -Chad’s official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country’s request for debt restructuring, two sources briefed on the matter said. IMF Managing Director Kristalina Georgieva told Reuters the key issue was coming to agreement with Chad’s main …
Chad creditors to meet this week; IMF calls on Glencore to ‘step forward’ Read More »
By Ange Aboa TENGRELA, Ivory Coast (Reuters) – After months stuck at home unable to provide for his family, Malian truck driver Ibrahima Sangare is delighted to be back on the road after the lifting of regional economic sanctions let him resume long-distance drives to ports in Ivory Coast. Sangare was waiting with a dozen …
Mali’s cotton trucks race to the border after sanctions ease Read More »
By Rachel Savage LONDON (Reuters) – African countries’ debts with China are a third of what they owe non-Chinese private lenders, while interest rates are just over half, according to a report published on Monday amid a debate about the role of the world’s largest bilateral creditor. Chinese public and private lenders accounted for 12% …
African states’ private debts three times that owed to China Read More »
ABIDJAN (Reuters) – Cocoa arrivals at ports in top grower Ivory Coast had reached 1.963 million tonnes by June 30 since the start of the season on Oct. 1, down 4.5% from the same period in the previous season, data from the cocoa regulator (CCC) showed on Monday. (Reporting by Ange Aboa; Editing by Nellie …
Ivory Coast cocoa arrivals reached 1.963 million T by June 30, CCC data shows Read More »
(Reuters) – Premier African Minerals, will start shipping spodumene concentrate from its Zulu lithium mine in Zimbabwe to China by March 2023 after signing an offtake deal with Suzhou TA&A Ultra Clean Technology Co, chief executive George Roach told Reuters. Zimbabwe holds some of the world’s biggest hard-rock lithium deposits and Suzhou joins a growing …
Premier African Minerals plans lithium shipments to China by March 2023 Read More »
LUSAKA (Reuters) – Zambia is cancelling more than $2 billion worth of projects financed by commercial loans to reduce the risk of accumulating more non-concessional debt, the ministry of finance said. In 2020, Zambia became the first nation to default in the COVID-19 era. At the end of 2021, its external debt stood at $17.27 …
Zambia plans to cancel over $2 billion projects to rein in debt Read More »
