By Bate Felix ABIDJAN (Reuters) – Guinea will have alumina refineries in the coming years, but these projects are capital-intensive and complex, Guinea’s second-biggest bauxite miner said on Monday, after a new ultimatum from the government keen to boost mineral processing. Bauxite mining companies have 10 days to present a timeline for the construction of …
Guinea bauxite miner CBG backs alumina refining push Read More »
(Reuters) – The World Bank has approved a loan of 454.4 million euros ($474.4 million) to help South Africa fund COVID-19 vaccine purchases, the bank and South Africa’s National Treasury said in a statement. South Africa has recorded the most coronavirus cases and deaths on the African continent, with over 3.9 million confirmed cases and …
World Bank approves $474 million loan to S.Africa for COVID vaccines Read More »
By Rachel Savage LONDON (Reuters) – A new Ghanaian government-owned development bank aims to lend $600 million to small businesses over the next one to two years, its chief executive said, to help meet demand for credit and contribute to growth in the inflation-wracked west African country. The World Bank, Germany’s development agency KfW, the …
Ghana development bank aims to lend $600 million to small firms over 1-2 years Read More »
By Chris Mfula LUSAKA (Reuters) -A date for the first meeting of Zambia’s official creditor committee has not yet been set, an official said on Monday, after the president of the debt-laden country was reported as saying it would take place on June 16. “We are waiting for the Paris Club secretariat to give us …
Zambia first creditor meeting date not yet set -govt official Read More »
ABIDJAN (Reuters) – Sunny spells and high soil moisture content compensated for below-average rainfall in most of Ivory Coast’s cocoa growing regions last week, farmers said on Monday. The world’s top cocoa producer is in the midst of a rainy season that runs from April to mid-November, when rains are normally heavy and abundant. Many …
Ivory Coast cocoa mid-crop bids well despite lack of rain, farmers say Read More »
(Reuters) -South Africa’s rand fell on Monday as the safe-haven dollar rose, supported by fears of a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve. At 1542 GMT, the rand traded at 16.0650 against the dollar, down 1.23% from its previous close. The dollar index, which measures the …
South African rand drops as dollar rises on slowdown worries Read More »
(Reuters) -South African coal miner Thungela Resources’ on Monday flagged a sharp rise in costs and said persistent rail logistics problems continued to curb exports in the first half of the year, sending its shares tumbling around 9%. Thungela’s shares fell even though the company said it expected headline earnings per share (HEPS) to jump …
South African coal miner Thungela flags surge in costs, shares drop Read More »
(Reuters) – Oman and Tanzania have set up a mutual investment fund that aims to invest in several sectors, including agriculture, fishing and mining, the state-owned Oman News Agency cited the sultanate’s foreign minister Badr al-Busaidi as saying on Monday. Tanzanian President Samia Suluhu Hassan is on a state visit to Oman. (Reporting by Moataz …
Oman, Tanzania set up mutual investment fund -minister Read More »
(Reuters) – Sudan’s annual inflation dropped to 192.21% in May from 220.71% in April, the statistics bureau said on Sunday. (Reporting by Khaled Abdelaziz: Writing by Nayera Abdallah; Editing by Kevin Liffey)
(Reuters) – Sibanye-Stillwater will restart operations at its gold mines in South Africa after signing a three-year wage agreement with trade unions, the miner said in a statement on Monday. Sibanye said the wage deal would be effective from July 1 and the restart would be phased over three months to ensure the safe resumption …
Sibanye to restart South Africa gold operations after signing wage deal Read More »
