By Noah Browning LONDON (Reuters) – Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards lower carbon technology, the International Energy Agency said on Monday. In its Africa Energy outlook for 2022 published on Monday, the IEA said Africa could …
Time is running out for Africa to profit from its gas, IEA says Read More »
CONAKRY (Reuters) – Partners in Guinea’s Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday. Guinea has grown increasingly impatient with the companies that control the giant Simandou deposit, which has …
Guinea gives Simandou iron ore mine developers 14-day deadline Read More »
By Bate Felix ABIDJAN (Reuters) – Ghana is on a roadshow to find a strategic partner to “revamp” state-owned Volta Aluminum Company’s (VALCO) aluminium smelter, Ghana Lands and Natural Resources minister Samuel Jinapor said on Monday at the Africa CEO Forum conference in Abidjan. Jinapor said Ghana, which has ample reserves of aluminium ore bauxite, …
Ghana seeks strategic partner to upgrade VALCO aluminium smelter Read More »
(Reuters) -South Africa’s rand weakened on Friday as fears of recession spread around the world following decisions by several central banks to raise interest rates to tame inflation. At 1618 GMT, the rand traded at 16.0400 against the dollar, down 0.25% from its previous close. The dollar index, which measures the U.S. currency against six …
South African rand and stocks drop amid global fears of recession Read More »
LUSAKA (Reuters) -China has requested an early approval of $1.4 billion extended credit facility from the International Monetary Fund for Zambia, China’s top Africa diplomat said on Friday during a meeting with Zambia’s President Hakainde Hichilema. Wu Peng, director-general of the African Affairs Department at China’s foreign ministry said that China has made the request …
China asks for early approval of IMF extended credit facility for Zambia Read More »
LONON (Reuters) – Angola is due to load 38 crude oil cargoes in August, two trade sources said on Friday citing a preliminary export programme, up by one cargo from July’s revised programme. (Reporting by Alex Lawler)
By Timour Azhari BEIRUT (Reuters) – Lebanon will sign a “final” agreement to import gas from Egypt on June 21, its energy ministry told Reuters, after months of delays to a plan viewed as critical to boosting power supplies for Lebanon’s stricken economy. The plan, first floated in summer 2021, is part of a U.S.-backed …
Lebanon says ‘final’ gas deal with Egypt to be signed June 21 Read More »
By MacDonald Dzirutwe LAGOS (Reuters) – Nigeria’s main opposition presidential candidate Atiku Abubakar on Thursday picked a governor from the oil producing Delta state as running mate for next year’s presidential election. The choice points to a strategy by Abubakar, a northern Muslim, to generate support in the largely Christian south. In Nigeria, with a …
Nigeria’s Abubakar picks southern governor as 2023 election running mate Read More »
(Reuters) – Australia’s Syrah Resources said on Friday movement on a key transport route in Mozambique had resumed more than a week after it was suspended following insurgent attacks near its Balama graphite mine. The miner had last week suspended logistics and personnel movements on the primary route in northern Mozambique due to security concerns …
Australia’s Syrah Resources resumes movement on key Mozambique route after attacks Read More »
RABAT (Reuters) – Morocco invited Saudi Arabia on Thursday to contribute to a fund to spur investments, seeking economic gains from its close political alliance with the Gulf monarchy. The Moroccan economy is expected to slow to 1.5% this year from 7.9% last year on the back of drought and imported inflationary pressures. “We invite …
Morocco seeks Saudi financial support for its investment fund Read More »
