By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) -Ghana’s President John Dramani Mahama has chosen Johnson Asiamah as the West African country’s next central bank governor, pending approval by the Council of State, the presidency said on Friday. Asiamah has worked at the Bank of Ghana for more than 23 years. From 2016 to …
Ghana president picks Asiamah as next central bank governor Read More »
By Sfundo Parakozov JOHANNESBURG (Reuters) -South African businesses and households were hit by scheduled power cuts for the first time in 10 months on Friday due to breakdowns at state power utility Eskom’s coal-fired power stations. Energy minister Kgosientsho Ramokgopa told reporters that Eskom had depleted its reserves and would implement “Stage 3” power cuts, …
South African power cuts return after 10 months of unbroken supply Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Friday against a buoyant dollar as markets awaited U.S. President Donald Trump’s tariff deadline for Canada and Mexico. At 1447 GMT, the rand traded at 18.6350 against the dollar, about 0.1% softer than its previous close. The dollar last traded about 0.2% firmer against a basket of currencies. …
South African rand weaker as markets brace for Trump tariffs Read More »
By Duncan Miriri NAIROBI (Reuters) – Africa’s development bank is proposing a new ‘gold standard’ style currency arrangement backed by critical minerals such as cobalt, copper, lithium, manganese and some of the ‘rare earths’ key to the world’s energy transition and electric vehicles. The 54-nation region, which has about 30% of the world’s critical minerals …
Africa floats critical minerals-backed currency plan as new ‘gold standard’ Read More »
By Felix Njini and Clara Denina JOHANNESBURG/ LONDON (Reuters) – Africa’s biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a demand surge linked to artificial intelligence and the shift to greener energy promises hefty profits. Metals trading has long been the preserve …
Africa’s big copper countries set their sights on the profits of trade Read More »
The Canadian dollar was unchanged against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie was trading is unchanged at C$1.4488 to the greenback, or 69.02 U.S. cents, after trading in a range of 1.4432 to 1.451. Canadian government 10-year bond yields fell 3.5 basis points to 3.087%. The yield …
Canadian dollar unchanged, benchmark yield slips Read More »
By Yousef Saba DUBAI (Reuters) – Libya’s National Oil Corporation (NOC) will focus on raising its output and transparency, new acting chairman Massoud Suleman told Reuters, as Africa’s second-largest oil producer looks to recover from years of instability. The state firm oversees oil and gas production that since the 2011 ousting of leader Muammar Gaddafi …
Exclusive-Libya’s state oil firm looks to boost output, transparency, new chairman says Read More »
JOHANNESBURG (Reuters) – South Africa recorded a trade surplus of 15.46 billion rand ($828.90 million) in December, revenue service figures showed on Friday. ($1 = 18.6512 rand) (Reporting by Sfundo Parakozov; Editing by Alexander Winning)
KAMPALA (Reuters) – The Ugandan shilling was stable on Friday, underpinned by dollar inflows from coffee exporters, traders said. At 1025 GMT commercial banks quoted the shilling at 3,677/3,687, compared with Thursday’s closing rate of 3,678/3,688. (Reporting by Elias Biryabarema; Editing by George Obulutsa)
NAIROBI (Reuters) – The Kenyan shilling eased against the dollar on Friday, according to data from the London Stock Exchange Group. As of 0942 GMT, the shilling was trading at 129.00/129.50 per dollar, compared with 128.85/129.35 at close of Thursday’s session. (Reporting by Hereward Holland; Editing by George Obulutsa)
