KAMPALA (Reuters) – The Ugandan shilling traded stable on Tuesday, amid lower foreign currency appetite amongst importers, traders said. At 0850 GMT commercial banks quoted the shilling at 3,660/3,670, the same level as Monday’s close. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
(Reuters) -West Africa-focused oil and gas explorer Tullow Oil swung back to profit last year, it said on Tuesday, largely helped by a reduction in impairments and asset revaluation gains. Shares in the company rose 3.9% in early trade after the company reported profit after tax of $55 million for the year ended December 31, …
UK’s Tullow Oil swings back to profit on lower impairments, asset revaluation gains Read More »
By Kumar Tanishk and Nikita Maria Jino (Reuters) – Shares of Australia’s Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields’ $2.1 billion acquisition proposal, deeming it to significantly undervalue the firm. Gold Road Resources’ stock jumped as much as 15.5% to a record high of …
Australia’s Gold Road Resources hits record high after spurning Gold Fields’ bid Read More »
TUNIS (Reuters) – Tunisia granted licenses to four international firms to build solar farms with a total capacity of 500 megawatts, together worth 1.2 billion dinars ($386.31 million), the energy ministry said on Monday. Licenses were awarded to French firm Qair International SAS to build two plants with a total capacity of 300 MW, Voltalia …
Tunisia taps four international firms to build 500 MW of solar projects Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump’s tariff plan may use a more targeted approach than previously thought, boosting risk appetite. Trump said automobile tariffs are coming soon, and said he may give “a lot of …
Stocks jump, US Treasury yields climb on tariff optimism Read More »
By Shariq Khan NEW YORK (Reuters) – U.S. jet fuel imports are set to hit a two-year high in March after Nigeria’s Dangote refinery pushed barrels to North America, which should lower prices of the aviation fuel in the peak summer travel season, trade analysts and storage brokers said. The shipments by the 650,000 barrels-per-day …
US jet fuel imports surge as Nigeria’s Dangote refinery pushes barrels west Read More »
(Reuters) -Ghana’s new central bank governor said on Monday that inflation <GHCPIY=ECI> remains uncomfortably high and would require a balanced monetary policy. Consumer price inflation was 23.1% in February, down from a peak of over 54% in December 2022 but well above the Bank of Ghana’s targets of 8% with a margin of error of …
Ghana inflation ‘uncomfortably high’, new central bank governor says Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya has applied for a new lending programme from the International Monetary Fund that will factor in unused money from the current programme which both sides walked away from last week, Finance Minister John Mbadi said on Monday. The East African nation and the IMF agreed last week to ditch …
Kenya seeks new IMF loan deal, says no disagreements with Fund Read More »
LONDON (Reuters) – Missed disbursements from the International Monetary Fund complicate the Kenyan government’s strategy of lowering its debt-servicing costs and could delay other funding, ratings agency S&P said on Monday. Kenya and the International Monetary Fund agreed last week to skip the ninth and final review of the current programme, leaving roughly $800 million …
Kenya missing final IMF review could delay other cash Read More »
LUSAKA (Reuters) – Zambia’s Copperbelt Energy Corp. will invest $500 million over the next two years to increase its solar power output and double the capacity of a power transmission line to Democratic Republic of Congo, a senior company official said on Monday. Copperbelt Energy Corporation (CEC) owns the sole power transmission line between Congo …
Zambia’s CEC to invest $500 million in power projects to increase transmission Read More »
