Reuters Video Archives - Page 248 of 304

How two former employees are driving Mali’s hardball talks with Barrick Gold

3 Feb 2025 3 Feb 2025

(Reuters) – Two former company executives with inside knowledge of Barrick Gold’s operations in West Africa are helping to drive Mali’s demands for a payment of around $200 million from the Canadian miner, according to people familiar with the talks. Mamou Toure and Samba Toure, key members of the government’s negotiating team, both used to …

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Morocco’s unemployment rate rises to 13.3% in 2024 as drought hits farmers

3 Feb 2025 3 Feb 2025

RABAT (Reuters) – Morocco’s unemployment rate rose to 13.3% in 2024 from 13% a year earlier, as the farming sector continues to shed jobs due to a drought, Morocco’s statistics agency HCP said on Monday. As of the end of 2024, there were 1.63 million unemployed people in Morocco, a nation of 37 million people, …

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Cost of insuring South Africa’s debt against default hits six-month high

3 Feb 2025 3 Feb 2025

LONDON (Reuters) – The cost of insuring South Africa’s debt against default rose to its highest since early August on Monday, after U.S. President Donald Trump said he would cut off funding to the country. The country’s 5-year credit default swap rose by 11 basis points from Friday’s close to reach 206 basis points, according …

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Ghana consumer inflation slows to 23.5% year-on-year in January

3 Feb 2025 3 Feb 2025

ACCRA (Reuters) – Ghana’s consumer inflation dipped slightly to 23.5% year-on-year in January from 23.8% in December, the statistics service said on Monday. Government statistician Samuel Kobina Annim told a news conference that the latest decline was driven by a slowdown in non-food inflation. “Although rate of inflation has slowed down by 0.3 percentage points, …

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Ugandan shilling steady; importer dollar demand low

3 Feb 2025 3 Feb 2025

KAMPALA (Reuters) – The Ugandan shilling was stable on Monday with dollar demand from merchandise importers and commercial banks subdued, traders said. At 0925 GMT, commercial banks quoted the shilling at 3,675/3,685, same level as Friday’s closing rate. (Reporting by Elias Biryabarema; Editing by George Obulutsa)

De Beers, Botswana finalise talks on diamonds deal

3 Feb 2025 3 Feb 2025

CAPE TOWN (Reuters) -De Beers has finalised talks on a rough diamond sales deal with the Botswana government and on extending mining licences for its joint venture there to 2054, the Anglo American unit said on Monday. “The signing will be in the next few weeks…the government of Botswana will be hosting the signing,” De …

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Kenyan shilling stable; traders see it gaining on remittance and NGO flows

3 Feb 2025 3 Feb 2025

NAIROBI (Reuters) – Kenya’s shilling was stable on Monday, but traders said they expected it firm because of dollar inflows from non-governmental organisations, remittances and foreign investors buying government bonds on sale this month. At 0658 GMT, the shilling traded at 129.00/129.40 per dollar, unchanged from Friday’s closing rate. The government is selling two infrastructure …

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Harmony Gold says to beat annual output target despite first half dip

3 Feb 2025 3 Feb 2025

(Reuters) – South Africa’s Harmony Gold said on Monday it expects to exceed its 1.5 million ounce production target for the full year to June 2025 despite lower output in the first half of the financial year. Harmony, the top gold producer in South Africa by volume, said in a trading update gold production for …

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Trump tariff plan rattles stocks, pushes dollar, Treasury yields higher

31 Jan 2025 31 Jan 2025

By Lawrence Delevingne and Harry Robertson BOSTON/LONDON (Reuters) -Wall Street stocks slipped and the dollar gained on Friday after President Donald Trump announced tariffs on Canada, Mexico and China, capping a volatile week for markets. The U.S. will impose 25% tariffs on Canada and Mexico, along with 10% on China, White House spokeswoman Karoline Leavitt …

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Nigeria’s proposed tax reform will curb inflation, official says

31 Jan 2025 31 Jan 2025

By Ope Adetayo ABUJA (Reuters) -Nigeria’s proposed tax overhaul will help curb inflation by lowering costs for most households, presidential adviser Taiwo Oyedele said on Friday, dismissing criticism that the plan risks worsening economic hardship in Africa’s most populous nation. After ending a costly petrol subsidy and twice devaluing the currency in his first year …

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