(Reuters) -South Africa’s Eskom will suspend scheduled power cuts at 2200 local time (2000 GMT), it said on Friday, after a week of severe power outages owing to faults at its coal-fired power stations. Economic growth in Africa’s most industrialised nation has been constrained by Eskom’s electricity outages for more than a decade. Eskom said …
S.Africa’s Eskom to suspend outages as units seen returning Read More »
CAIRO (Reuters) – Honeywell International seeks to invest about $200 million in petrochemicals and the production of green fuels for aircraft in Egypt, the Ministry of Petroleum has quoted Honeywell’s country president for Egypt as saying. Khaled Hashem added during his discussions with Egypt’s minister of petroleum that Egypt has the potential to become a …
Honeywell seeks to invest about $200 million in Egypt -ministry Read More »
MONROVIA (Reuters) – Liberia will review its iron ore concession agreement with steel and mining company ArcelorMittal as well as other concessions signed by the West African country’s current and previous governments, Parliament speaker Bhofal Chambers said on Thursday. The announcement risks disrupting ArcelorMittal’s plans to triple its iron ore production in Liberia and stay …
Liberia to review ArcelorMittal concession agreement Read More »
JOHANNESBURG (Reuters) -The South African rand endured deepening losses on Thursday, as severe power cuts and deadly floods weighed on the economic growth outlook. At 1438 GMT, the rand traded at 15.3650 against the dollar, around 2.23% weaker than its Wednesday close and taking losses since the end of last week to almost 5%. State …
By Rachel Savage LONDON (Reuters) -Zambia’s debt restructuring process has “stalled” as it awaits the formation of a creditor committee, Finance Minister Situmbeko Musokotwane said on Thursday at the International Monetary Fund (IMF) Spring Meetings. “We’ve been waiting for the committees to sit,” Musokotwane told IMF African Department director Abebe Selassie in a ‘Governor Talk’ …
Zambia debt restructuring ‘stalled’ – finance minister Read More »
MILAN (Reuters) – Italy’s Eni has signed a deal to increase gas supplies from the Congo Republic by more than 4.5 billion cubic metres (bcm) a year, the energy group said on Thursday. The deal is the latest Italian move to reduce dependence on Russian gas, with Foreign Minister Luigi Di Maio and Ecology Transition …
CAPE TOWN (Reuters) – South Africa’s state-owned freight logistics firm Transnet said it will go to the market within weeks for a new liquefied natural gas (LNG) terminal to be built at the east coast Richards Bay port by 2026, Transnet National Ports Authority (TNPA) said on Thursday. The push to design, build, finance and …
S.Africa’s Transnet plans tender for new Richards Bay LNG terminal Read More »
(Reuters) – South Africa’s Eskom said on Thursday it would reduce the level of rotational power cuts to “Stage 2” from “Stage 3” at 22:00 local time (2000 GMT), and that the new level would remain in force until Friday. Eskom said three generation units had returned to service since Wednesday night and a singular …
South Africa’s Eskom to reduce power cuts to “Stage 2” Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s economy will grow 5.3% in the fiscal year ending in June but the pace will ease to 5.2% in 2022/23 and 5.0% in 2023/24 as tourism falls and commodity prices and interest rates rise, a Reuters poll showed on Thursday. The planning ministry in November expected growth to …
Egyptian economy seen growing 5.3% in year to June, 5.2% in 2022/23 Read More »
NAIROBI (Reuters) – The Kenyan shilling was broadly holding steady on Thursday, but remains under pressure from fuel importers and other sectors as the supply of dollars is lacklustre, traders said. At 0833 GMT, commercial banks quoted the shilling at 115.45/65 against the dollar, compared to Wednesday’s closing rate of 115.40/60. ………………………Shilling spot rates …………………Shilling …
Kenya’s shilling holds steady, pressured by limited dollar supply Read More »
