DAKAR (Reuters) -Senegal hopes for a new International Monetary Fund programme by June, Finance Minister Cheikh Diba said on Thursday, as the government vowed to investigate alleged malfeasance after an audit found that former authorities misreported key data. The IMF had suspended its existing $1.8 billion credit facility to Senegal pending a review of state …
Senegal hopes for new IMF programme by June, says minister Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar slipped on Thursday after components of January’s producer price report pointed to lower inflation, and fell further after the White House said that reciprocal tariffs on other nations would not be implemented immediately. Producer price data on Thursday indicated that core PCE inflation, the Federal Reserve’s preferred …
Dollar dips as inflation data points to lower core PCE Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s United Pharmaceutical Distributors (UPD) launched 42 electric delivery vans with solar-powered refrigeration from start-up Everlectric on Thursday, beginning its transition to an electric fleet. Local startups are racing to offer such vehicles for local deliveries as retailers aim to achieve environmental, social and corporate governance (ESG) and …
South African pharmaceutical wholesaler UPD adds 42 electric vans to fleet Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was stable in volatile trade on Thursday, as financial markets awaited “reciprocal tariffs” that U.S. President Donald Trump said he planned to unveil later in the day. At 1532 GMT, the rand traded at 18.5325 against the U.S. dollar, at its Wednesday closing level. Trump on Thursday said he would …
South African rand stable as markets await Trump’s new tariffs Read More »
ABUJA (Reuters) – Nigeria has made a provision of $200 million in its 2025 budget to fill gaps created by the United States’ suspension of aid, according to a Senate document seen by Reuters on Thursday. (Reporting by Camillus Eboh; Writing Chijioke Ohuocha; Editing by Sharon Singleton)
BAMAKO (Reuters) – Canadian miner Robex has signed a new agreement with Mali to operate its Nampala mine, located around 300 km (186 miles) south of the capital Bamako, the West African country’s government said. The company has been operating the mine since 2017 but the new mining code of Africa’s second biggest gold producer …
Canada’s Robex signs new deal with Mali for Nampala gold mine Read More »
By Melanie Burton and Aaditya GovindRao (Reuters) – U.S. President Donald Trump’s tariffs on aluminium are more likely to be part of a bargaining strategy than a long-term policy of his administration, said CEO Graham Kerr of Australian diversified miner South32 on Thursday. South32 produces aluminium in Brazil, South Africa and Mozambique, and sells a …
South32 sees US aluminium tariffs as negotiating tactic Read More »
By Divya Rajagopal and Felix Njini TORONTO (Reuters) -Barrick Gold will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments, CEO Mark Bristow said on Wednesday. The Toronto-based miner said it has been assured by Mali that gold worth about $245 million seized by …
Barrick aims to reopen Mali mine once it can ship gold, CEO says Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday, after data showed U.S. consumer prices rose more than expected last month, raising the prospect of the Federal Reserve holding interest rates higher for longer. At 1520 GMT, the rand traded at 18.55 against the U.S. dollar, more than 0.2% lower than its previous close. The dollar …
South African rand falls after US inflation data Read More »
JOHANNESBURG (Reuters) -First Quantum Minerals will not rush into a deal to sell a minority stake in its Zambian copper mines, CFO Ryan MacWilliam told analysts on Wednesday after the miner’s fourth-quarter results. The Toronto-based miner wants to secure a long-term partner at its Zambian mines and there are no “specific timelines” for the sale, …
First Quantum will not rush into sale of Zambian copper mines stake Read More »
