By Karin Strohecker LONDON (Reuters) -Ghana’s sovereign dollar bonds tumbled on Monday after Moody’s slashed the country’s credit rating, saying it faced an increasingly difficult task of addressing liquidity and debt challenges – a move sharply criticised by the government. Bonds issued on international capital markets fell across the curve with some longer-dated debt tumbling …
CAPE TOWN (Reuters) – South Africa’s state-owned nuclear energy firm, NECSA, on Monday launched a tender to replace its ageing nuclear research reactor, Safari 1, and help maintain its position as one of the world’s top producers of Molybdenum-99 used in medical diagnostic imaging. Molybdenum-99, or Mo-99, is used in millions of diagnostic tests for …
South Africa begins search for new reactor to sustain Molybdenum-99 output Read More »
CAIRO (Reuters) – Egypt’s net foreign reserves increased to $40.98 billion in January from $40.93 billion in December, the central bank said on Sunday. Foreign reserves have been rising since June 2020, after dropping to around $36 billion from more than $45.5 billion due to the impact of the coronavirus pandemic. (Writing by Enas Alashray; …
Egypt’s net foreign reserves rise to $40.98 billion in January – central bank Read More »
Khartoum (Reuters) – Petrol prices in Sudan jumped on Saturday by 46 Sudanese pounds to 408 pounds (93 cents) per litre, while diesel prices also increased by 44 pounds to reach 390 pounds per litre, a Reuters witness said. There were repeated fuel price hikes last year as Sudan completed a process of phasing out …
Prices of petrol and diesel rise in Sudan -Reuters witness Read More »
TUNIS (Reuters) – Port closures due to bad weather have reduced Libyan oil output by 100,000 barrels per day (bpd) because of inadequate storage facilities, National Oil Corp (NOC) said on Friday. NOC said on Thursday that the bad weather had forced it to halt operations at six ports including Es Sider. Total Libyan output …
Libyan output down by 100,000 bpd over weather, storage problems Read More »
LONDON (Reuters) – High offer prices for West African crude grades continued on Friday as crude from the region sold relatively swiftly and at high prices, traders said. * Uruguay’s Ancap closed a tender for early April-arriving crude, though results did not immediately emerge. * Fewer than ten cargoes of March-loading Angolan crude remain to …
JOHANNESBURG (Reuters) – South African state-owned power utility Eskom said on Friday it would reduce scheduled power cuts from 9 p.m. local time (1900 GMT) following an improvement in generation capacity. Eskom had been implementing “Stage 2” power cuts which require up to 2,000 megawatts (MW) to be shed from the national grid, but it …
South Africa’s Eskom to reduce power cuts from 9 p.m. local time Read More »
By Emma Rumney and Isla Binnie JOHANNESBURG (Reuters) – African Infrastructure Investment Managers (AIIM) has submitted an indicative bid for a 60% stake in Lekela Power, one of Africa’s largest renewable energy companies that could be worth $2 billion in total, two sources familiar with the matter said. Lekela’s majority shareholder, private equity firm Actis, …
AIIM in bidding race for $2 billion African renewables firm Lekela -sources Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Friday, eating into the week’s gains as the U.S. dollar was bolstered by much better-than-expected jobs numbers. At 1500 GMT, the rand traded at 15.4800 against the dollar, around 1.3% weaker than its previous close but still up around 0.8% on last Friday’s closing level. The dollar …
South African rand weaker as U.S. jobs data boosts dollar Read More »
HARARE (Reuters) – Zimbabwe has reduced the portion of taxes payable in foreign currency, Finance Minister Mthuli Ncube said on Friday, as the country tries to reduce U.S dollar demand and stop the rapid devaluation of the local currency. The southern African country reintroduced its currency in 2019 after a decade of dollarisation, but it …
Zimbabwe eases forex tax rules to shore up local currency Read More »
