NAIROBI (Reuters) – The Kenyan shilling was unchanged against the U.S. dollar on Tuesday, data from the London Stock Exchange Group showed. At 0931 GMT, the shilling was quoted at 128.90/129.40 per dollar, the same level it closed at on Monday. (Reporting by Hereward Holland; Editing by Alexander Winning)
JOHANNESBURG (Reuters) – Shares in steel producer ArcelorMittal South Africa traded 2% weaker on the Johannesburg Stock Exchange early on Tuesday after U.S. President Donald Trump’s tariffs on steel imports to the United States. Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions,” in a move …
ArcelorMittal South Africa shares down 2% after Trump steel tariffs Read More »
(Reuters) – Impala Platinum expects its half-year profit to fall by as much as 49% in the six months to December 2024 as low metal prices persist, the South African company said on Tuesday. Impala, the world’s second-largest producer of platinum group metals that are used to curb emissions from motor vehicles, said it expects …
Impala Platinum expects deeper profit fall on low platinum prices Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices rose nearly 2% on Monday after posting their third straight week of losses, even though investors remained worried that U.S. President Donald Trump might start a trade war. Brent crude futures settled at $1.21, or 1.6%, at $75.87 a barrel, while U.S. West Texas Intermediate crude rose …
DUBAI (Reuters) – Egypt’s annual urban consumer price inflation rate inched down to 24% year-on-year in January from 24.1% in December, data from statistics agency CAPMAS showed on Monday. That is one percentage point higher than the median of 23% forecast of 17 analysts polled by Reuters last week. Prices were higher across the board this January …
Egypt annual inflation rate inches down to 24% in January Read More »
RABAT (Reuters) – The International Monetary Fund has urged Morocco’s central bank to adopt an inflation-targeting framework and the government to further expand the tax base to continue to its financial reforms and cut the country’s debt. Inflation slowed to 0.9% in 2024 from 6.1% a year earlier, due to a fall in prices of …
IMF urges Morocco to target inflation, expand tax base Read More »
By Ashitha Shivaprasad and Daksh Grover (Reuters) – U.S. President Donald Trump’s latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3,000 milestone into view. Spot gold climbed to a record $2,911.30 a troy ounce on Monday – its seventh record peak to date in …
Gold bulls lock in on glittering milestone; $3,000/oz in sight Read More »
By Tannur Anders and Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s rand was little changed on Monday after U.S. President Donald Trump announced more tariff plans, adding to worries over a global trade war. At 1543 GMT, the rand traded at 18.42 against the U.S. dollar, near its Friday closing level of 18.4275. Trump said on …
South African rand stable as Trump promises more tariffs Read More »
By Brian Benza and Sfundo Parakozov GABORONE (Reuters) -Botswana’s economy is forecast to grow 3.3% this year after a contraction in 2024, due to an expected recovery in the global diamond market, its finance minister said on Monday, echoing calls to diversify the economy away from precious stones. Botswana is the world’s leading producer of …
Botswana sees 3.3% growth in 2025 amid upturn in diamond market Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda has named a new central bank governor and deputy governor, President Yoweri Museveni’s office said on Monday. Michael Atingi-Ego has been appointed as governor while Augustus Nuwagaba will be his deputy, it said in a statement. Atingi-Ego previously worked for the central bank in a senior position, then left …
Uganda names new central bank governor and deputy Read More »
