NAIROBI (Reuters) – The Kenyan shilling was steady on Thursday, supported by dollar inflows from diaspora money transfers and tea exports, traders said. The shilling traded at 129.00/129.50 per dollar at 0657 GMT, the same as Wednesday’s closing rate. (Reporting by Sonia Rao; Editing by Elias Biryabarema)
JOHANNESBURG (Reuters) – South African pay television company MultiChoice Group on Tuesday reported a 99% fall in half-year profit. The owner of DStv said its adjusted core headline earnings per share – the board’s measure of the underlying performance of the business – for the six months ended Sept. 30 fell to 2 cents per …
South Africa’s Multichoice post 99% dive in interim profit Read More »
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s unemployment rate fell in the three months after the formation of a coalition government that has boosted business confidence and led to hopes for more progress on economic reform, data showed on Tuesday. The official unemployment rate fell to 32.1% in the third quarter of 2024, from 33.5% …
South African unemployment rate dips under coalition government Read More »
JOHANNESBURG (Reuters) – South Africa’s rand hit a three-month low on Tuesday, hurt by a stronger dollar and weaker gold prices, as markets grappled with what another Donald Trump presidency will mean for U.S. policy and trade relations. At 1030 GMT, the rand traded at 18.0850 against the dollar, down about 0.9% on its previous …
South African rand hits three-month low as markets ponder Trump policies Read More »
N’DJAMENA (Reuters) – Chad said on Tuesday it had approved the licensing of Elon Musk’s satellite internet provider Starlink to improve access to internet services in the central African country. Starlink, the satellite unit of SpaceX, operates in several African countries but has faced regulatory challenges in others and resistance from state telecoms monopolies. “We …
Musk’s Starlink gets Chad go-ahead to improve internet access Read More »
By Amanda Cooper LONDON (Reuters) – Global stocks came under pressure on Tuesday from investor concern about U.S. President-elect Donald Trump’s policies, while bitcoin neared a record $90,000 as traders piled into assets they believe could benefit from the new administration. Investors have been funnelling cash into assets they think will get a boost from …
Stocks slip, bitcoin nears $90,000 as ‘Trump trade’ whipsaws markets Read More »
By Emily Chow (Reuters) – Oil prices were little changed on Tuesday, awaiting further price direction from OPEC’s monthly report, while investor disappointment over China’s latest stimulus plan and oversupply concerns limited gains. Brent crude futures rose 38 cents, or 0.5%, to $72.21 a barrel, by 0944 GMT. U.S. West Texas Intermediate crude futures were …
Oil prices steady ahead of OPEC report, China stimulus limit gains Read More »
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -The U.S. dollar rose to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished at a seven-month trough and the yuan slumped to …
Dollar roars with bitcoin as Trump trades shine; euro and yuan slump Read More »
By Camillus Eboh ABUJA (Reuters) – Nigeria has signed a $1.2 billion contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country’s aluminium production, its Petroleum Ministry said. The contract signed between CNCEC and BFI Group – the core investor in the Aluminum Smelter Company of Nigeria – …
Nigeria signs $1.2 billion deal to revamp gas plant for aluminium smelter Read More »
By Duncan Miriri and Portia Crowe NAIROBI/DAKAR (Reuters) -Senegal will have to wait until at least June to get any sort of resolution of its lending programme with the International Monetary Fund that could lead to fresh disbursements, a source with knowledge of the process told Reuters. There was no immediate comment from the finance …
