KAMPALA (Reuters) – The value of Uganda’s coffee exports surged 83.4% in January, compared to the same month a year ago, boosted by high global prices of the commodity, the agriculture ministry said. Uganda is Africa’s largest exporter of coffee, followed by Ethiopia. The east African country shipped 550,341 60-kilogram bags of coffee worth $156.5 …
Value of Uganda’s coffee exports surge 83% in January on the year Read More »
(Reuters) – Anglo American Platinum said it had halted operations at its Tumela mine in South Africa on Thursday after excessive rains caused flooding, though the company maintained its production forecast for the year. The world’s top producer of platinum group metals (PGM) used to curb vehicle emissions said in a statement that heavy rains …
Amplats halts operations at South African mine after heavy rains Read More »
CAPE TOWN (Reuters) -South Africa’s Eskom has managed to restore eight units at power plants after implementing its highest stage of controlled power cuts early on Sunday, the power utility said after multiple failures at Majuba and Camden power stations over the weekend. On Saturday, Eskom applied Stage 3 power cuts, known locally as loadshedding, …
South Africa faces highest level power cuts as generation units fail Read More »
By Tarek Amara TUNIS (Reuters) – Tunisian President Kais Saied on Saturday called for the law governing the central bank to be amended, raising concerns the lender will lose its independence and of direct government intervention in monetary policy. Saied said in a meeting with central bank Governor Zouhair Nouri that “it is time to …
Tunisian president calls for amendments to central bank law Read More »
By Chibuike Oguh NEW YORK (Reuters) – Stocks finished lower on Wall Street but edged higher in Europe on Friday amid uncertainty about U.S. President Donald Trump’s rapid policy initiatives, including spending cuts and tariffs, and Germany’s upcoming elections. Oil prices settled down more than 2% while gold eased from record highs. Trump has announced …
Global equities mixed, oil drops on uncertainty about Trump moves, geopolitics Read More »
NAIROBI (Reuters) – A fire in the grounds of Kenya’s main international airport in Nairobi on Friday evening was not near the airstrip, had not disrupted flights and was being contained, Kenya Airways said. Emergency response teams were on-site battling a grassland fire in a northern part of the Jomo Kenyatta International Airport compound, the …
Fire in Kenya’s main airport compound not disrupting flights, Kenya Airways says Read More »
JOHANNESBURG (Reuters) – South Africa’s rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the national budget but then recovered thanks to buoyant global gold price. At 1508 GMT, the rand traded at 18.32 against the dollar, near its previous close of 18.3225. The national budget …
(Reuters) – Harmony Gold on Friday said a worker had died at its Mponeng mine, the world’s deepest, after a seismic event. The accident took place on Thursday morning when the seismic event was followed by a ground collapse, Harmony said in a statement. (Reporting by Nelson Banya)
LAGOS (Reuters) – Africa-focused e-commerce retailer Jumia Technologies will grow orders by up to 25% and continue to cut costs this year while fighting to keep its market share from Chinese competitors like Temu seeking to expand on the continent, its CEO said on Friday. Jumia has been aggressively cutting costs to try to turn …
African online retailer Jumia sees growth despite Chinese competition Read More »
By Felix Njini JOHANNESBURG (Reuters) – China North Industries Corp, known as Norinco, has offered to adjust its offer to buy copper and cobalt assets owned by Chemaf SA by raising the Congo government’s stake to smooth the path to a deal, two sources familiar with the matter told Reuters. The $1.4 billion bid made …
China’s Norinco sweetens bid for Congo copper mines as deal stalls, sources say Read More »
