BANGUI (Reuters) – Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world’s poorest countries. Touadera announced the move on X late on Sunday, nearly three years after his government became the first in Africa and the second in …
Central African Republic debuts meme coin ‘experiment’ Read More »
(Reuters) – The Kenyan shilling was flat against the dollar on Monday, data from the London Stock Exchange Group (LSEG) showed. At 0831 GMT, the shilling was quoted at 129.00/129.20 per dollar, the same level it closed on Friday. (Reporting by Elias Biryabarema; Editing by Bhargav Acharya)
By Isaac Anyaogu LAGOS (Reuters) – Nigeria’s Dangote Oil refinery, Africa’s largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday. The 650,000-barrel-per-day refinery built by Nigerian billionaire Aliko Dangote in Lagos began processing crude into products, including diesel, naphtha and jet fuel, in January last year …
Nigeria’s Dangote Refinery to operate at full capacity in 30 days, executive says Read More »
ADDIS ABABA (Reuters) – Ethiopia is in the “final stages” of negotiations with its creditors in an ongoing plan to restructure its debt, its finance minister, Ahmed Shide, said on Sunday. The Horn of Africa country has been pursuing efforts to restructure its sovereign debt under a G20 initiative but talks with creditors have been …
Ethiopia says debt restructuring negotiations in final stage Read More »
BAMAKO (Reuters) – Mali’s industrial gold production plunged 23% to 51 metric tons last year from 66.5 tons in 2023, the West African country’s mines ministry said. Mali is one of Africa’s top gold producers and home to industrial mines operated by international companies including Barrick Gold, B2Gold Corp, Resolute Mining and Hummingbird Resources. A …
By Stephen Culp NEW YORK (Reuters) -Wall Street ended sharply lower and benchmark Treasury yields jumped on Friday in the wake of a mixed U.S. payrolls report, weak consumer sentiment data and revived trade war jitters. All three major U.S. stock indexes finished steeply lower in a broad selloff that accelerated after a report that …
Wall St slides, Treasury yields rise on mixed data, renewed tariff threats Read More »
By Hannah Lang NEW YORK (Reuters) -The dollar rose in choppy trading on Friday after data showed that U.S. job growth slowed in January but that the unemployment rate edged down to 4.0%, giving the U.S. Federal Reserve cover to hold off cutting interest rates until at least June. The U.S. currency was also boosted …
US dollar rises on mixed jobs report, trade war threat Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed on Friday after President Cyril Ramaphosa said his government would launch a second wave of reforms to try to boost economic growth. At 1531 GMT, the rand traded at 18.37 against the U.S. dollar, about 0.3% firmer than its previous close. The rand has gained about 1.8% since its …
South African rand gains as president promises reforms Read More »
KAMPALA (Reuters) – A Ugandan court has charged eight finance ministry officials with corruption, electronic fraud and money laundering from a hacking incident on the central bank’s systems that led to the loss of at least $21 million, court documents showed. The hacking occurred last year and involved redirecting of some payments from its intended …
Uganda charges finance ministry officials with corruption, money laundering Read More »
NAIROBI (Reuters) – Kenya’s shilling strengthened against the dollar on Friday, London Stock Exchange Group data showed. At 0715 GMT, the shilling was quoted at 128.25/129.25, compared with Thursday’s closing rate of 129.00/130.00. (Reporting by George Obulutsa; Editing by Elisha Bala-Gbogbo)
