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Mali starts seizing gold stocks at Barrick site, company memo says

13 Jan 2025

By Fadimata Kontao and Portia Crowe BAMAKO/DAKAR (Reuters) -Mali’s government has begun enforcing a provisional order to seize gold stock at Barrick Gold’s Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may have to suspend operations at the complex. The move suggests that Mali’s military-led authorities are …

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Life Healthcare to sell radiopharmaceuticals business LMI, shares rise

13 Jan 2025

JOHANNESBURG (Reuters) – South African private hospital operator Life Healthcare on Monday announced the sale of its radiopharmaceuticals business LMI to U.S.-listed Lantheus Holdings, sending its Johannesburg-listed shares higher. Life Healthcare said it had entered into binding agreements with an entity owned by Lantheus to sell its entire stake in Life Molecular Imaging (LMI) for …

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Kenyan shilling stable vs dollar, LSEG data shows

13 Jan 2025

NAIROBI (Reuters) – Kenya’s shilling was stable against the U.S. dollar on Monday, data from the London Stock Exchange Group showed. At 0937 GMT, the shilling traded at 129.25/129.75 per dollar, the same as Friday’s closing level. (Reporting by Hereward Holland; Editing by Alexander Winning)

Ugandan shilling little-changed, slight pressure from manufacturing sector

13 Jan 2025

KAMPALA (Reuters) – The Ugandan shilling was little-changed against the dollar on Monday, although the local unit was under a little pressure as the manufacturing sector sought foreign currency, traders said. At 0922 GMT commercial banks quoted the shilling at 3,694/3,704, compared to Friday’s close of 3,692/3,702. (Reporting by Elias Biryabarema; Editing by Hereward Holland)

Zambia’s SEC sanctions Standard Chartered over China property bond mis-selling, source says

13 Jan 2025

By Marc Jones and Chris Mfula LONDON (Reuters) -Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the Asian country’s real-estate crisis, according to a source. The source familiar with the matter told Reuters that …

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ITA airways resumes flights to Libya’s Tripoli after 10-year gap

12 Jan 2025

TRIPOLI (Reuters) – Italy’s ITA Airways resumed direct flights to Libya’s Tripoli on Sunday, the first airline from a major west European nation to do so after a 10-year hiatus due to civil war in the north African country, ITA and Tripoli’s transport minister said. ITA said it would operate two direct flights a week …

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Oil prices rally 3% as US hits Russian oil with tougher sanctions

10 Jan 2025

By Shariq Khan New York (Reuters) -Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. President Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports, aiming to …

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US dollar firms as strong jobs data supports Fed easing pause

10 Jan 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar rallied on Friday after data showed the world’s largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month. The greenback also extended gains following a report that showed …

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Guyana signs $526 million loan with US Exim bank for energy project

10 Jan 2025

GEORGETOWN, Guyana (Reuters) – Guyana’s government on Friday signed a $526 million loan agreement with the U.S. Export-Import Bank (Exim) to finance an energy project aimed at doubling the South American nation’s power generation capacity and cutting oil imports. (Reporting by Kemol King; Editing by Leslie Adler)

South African rand plunges to 8-month low after US jobs data

10 Jan 2025

JOHANNESBURG (Reuters) -The South African rand weakened to an eight-month low on Friday after U.S. non-farm payrolls data reinforced bets that the Federal Reserve will pause its rate-cutting cycle later this month. At 1501 GMT, the rand traded at 19.1375 against the U.S. dollar, about 1.1% softer than its previous close. It earlier hit 19.2050 …

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