JOHANNESBURG (Reuters) -South Africa’s rand retreated against a buoyant dollar on Tuesday after U.S. President Donald Trump announced a flurry of policy changes following his Monday inauguration. At 1532 GMT, the rand traded at 18.5325 against the U.S. dollar, about 0.1% weaker than its previous close. The rand had gained about 1% on Monday ahead …
South African rand retreats against dollar after Trump inauguration Read More »
By Miguel Gomes LUANDA (Reuters) -Angola’s central bank left its main interest rate unchanged on Tuesday for the fourth meeting in a row, as inflation continued to ease in the oil-rich Southern African country but remains above 27% in annual terms. The Bank of Angola maintained its key rate at 19.50% after “hold” decisions at …
Angola central bank holds key rate with inflation still high Read More »
LISBON (Reuters) – Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from Russia, Environment Minister Maria da Graca Carvalho said on Tuesday. Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96% was LNG, data …
Portugal to import more US, Nigerian LNG, aims to end Russian supply Read More »
NAIROBI (Reuters) – Kenya’s statistics office will begin publishing core inflation data to help monetary authorities to better predict the impact of their interest rate decisions on the economy, officials said on Tuesday. The statistics bureau has been focusing on headline inflation in its monthly releases, including volatile components such as food and fuel, forcing …
Kenya to start publishing core inflation data to boost targeting Read More »
By Divya Chowdhury DAVOS, Switzerland (Reuters) – South Africa’s economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday. South African Reserve Bank (SARB) Governor Lesetja Kganyago told Reuters in an interview at the World Economic Forum’s annual meeting in …
By Tife Owolabi YENAGOA (Reuters) – Nigerian environmentalists on Tuesday condemned a government plan to resume oil production in the restive Ogoniland, demanding a halt until meaningful talks with local communities are completed. Ogoniland, in Nigeria’s coastal Rivers state, is a flashpoint for pollution in the oil-rich Niger River delta region where a $1 billion …
Nigerian green groups protest at planned return of oil drilling in Ogoniland Read More »
By Chris Mfula LUSAKA (Reuters) -Zambia is pinning its hopes on the mining sector for an economic revival after the worst drought in living memory caused a sharp slowdown in growth this year, its finance minister said on Tuesday. Situmbeko Musokotwane told an event on the economic outlook that new mines were opening imminently and …
Zambia hopes mining will trigger economic revival Read More »
KAMPALA (Reuters) – The Ugandan shilling traded stable on Tuesday, supported by hard currency inflows from non-governmental organisations (NGOs), traders said. At 0919 GMT commercial banks quoted the shilling at 3,667/3,677, compared to Monday’s close of 3,668/3,678. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
By Tife Owolabi YENAGOA, Nigeria (Reuters) – An ongoing oil spill at a wellhead and subsequent fire in Buguma community in Nigeria’s coastal Rivers state has entered its fourth week, with no immediate action taken by authorities or operators to halt the destruction, rights groups said on Tuesday. Environmental Defenders Network (EDEN) and Youths and …
Nigeria oil spill and fire sparks concern from environmental groups Read More »
NAIROBI (Reuters) – Kenya’s shilling eased slightly against the U.S. dollar on Tuesday, as foreign exchange demand marginally outpaced inflows from remittances and the tea sector, traders said. At 0915 GMT, the shilling traded at 129.25/129.75 per dollar, compared to 129.10/129.60 at the close of trading on Monday. The shilling has remained relatively stable since …
Kenyan shilling eases slightly as demand exceeds FX inflows Read More »
