(Reuters) -South African state-owned logistics firm Transnet has issued a veiled threat to coal exporters after failing to agree to changes to transportation contracts, following its declaration of force majeure in April. In a statement on Tuesday, Transnet announced it had lifted force majeure on nine coal exporting parties (CEPs) that had agreed to amend …
S.Africa’s Transnet issues veiled threat to coal exporters Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria’s oil refinery in Port Harcourt could start processing crude as early as the end of this year after an upgrade, the petroleum minister said on Wednesday, which could help to end frequent fuel shortages in Africa’s biggest producer. Timipre Sylva had said in April that the refinery would …
Nigeria’s Port Harcourt refinery could start producing end 2022-minister Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Rich countries and international financial institutions need to provide more funding for Africa to support global climate goals by preventing African nations from pursuing carbon-intensive development, a senior African Development Bank executive said on Wednesday. The bank’s vice president Kevin Urama said the regional development lender was seeking a …
AfDB calls for more climate finance for Africa to support global goals Read More »
KYIV (Reuters) -Ukraine’s grain traders union UGA revised up on Wednesday its forecast for the country’s grain and oilseed harvest to 69.4 million tonnes from the previous 66.5 million, but still far below the 2021 level of 106 million tonnes. The union said in a statement that Ukraine could harvest 20.8 million tonnes of wheat …
Ukraine grain traders union raises 2022 grain and oilseeds harvest forecast Read More »
BANJUL (Reuters) – Gambia and the World Bank signed a $68 million grant on Tuesday to revive the ocean-facing West African country’s tourism sector, representatives of both parties announced at a ceremony. The grant is meant to support the diversification and climate resilience of tourism in Gambia, a country of around 2.1 million inhabitants surrounded …
Gambia signs $68 million World Bank grant to revive tourism Read More »
(Reuters) -South Africa’s rand fell to a fresh 20-month low on Tuesday as investors embraced the safe-haven dollar amid fears of a looming global recession. At 1625 GMT, the rand traded at 16.5775 against the dollar, 1.3% weaker than its previous close. It touched 16.6075 earlier in the day, a new low since October 2020. …
S.African rand hits new 20-month low as investors embrace dollar Read More »
By Aaron Ross (Reuters) – A temporary administrator appointed by a Congolese court to run the world’s second-largest cobalt mine ordered majority Chinese owner CMOC to suspend marketing and export of its production, letters seen by Reuters showed. CMOC spokesman Vincent Zhou said the company had not received the letters and that production and exports …
Congo administrator orders China’s CMOC to stop exports from Tenke cobalt mine Read More »
HARARE (Reuters) – Zimbabwe’s central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency. The central bank governor John Mangudya said in a statement on Monday that the coins will be available for sale from July 25 in …
Zimbabwe to introduce gold coins as local currency tumbles Read More »
By MacDonald Dzirutwe and Camillus Eboh ABUJA (Reuters) -The oil and gas industry is “under siege” due to years of under-investment, the OPEC Secretary General Mohammad Barkindo said on Tuesday, adding the resulting supply shortage could be eased if extra supplies from Iran and Venezuela were allowed to flow. Years of sanctions have limited supplies …
OPEC’s Barkindo says Venezuelan, Iranian oil could ease energy crisis Read More »
ABUJA (Reuters) – Nigeria will not abandon fossil fuels and has adopted gas as a transition fuel, Nigeria’s oil minister Timipre Sylva said on Tuesday, at a time when some countries are pushing policies to divest from hydrocarbons. (Reporting by MacDonald Dzirutwe and Camillus Eboh; Writing by James Macharia Chege; Editing by Estelle Shirbon)
