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South Africa’s smoggy Sasolburg illustrates conflict between economy and clean air

By Tim Cocks SASOLBURG, South Africa (Reuters) – From the moment Mpho Putsoenyane’s daughter Hlompho was born in Zamdela, a South African township beside the smokestacks and gas flares of Sasol’s oldest coal-to-liquid refinery, the baby struggled to breathe. Last year, when she was four months old, she turned purple and started gasping. Her parents …

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Shell invests in Nigeria’s Bonga North deep-water project

(Reuters) – Shell said on Monday its Nigerian subsidiary has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. The project, which will help maintain oil and gas production at Bonga, will be connected to Shell’s Floating Production Storage and Offloading (FPSO) facility, where the oil major …

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Fires at Libya’s Zawiya refinery brought under control, NOC says

TRIPOLI (Reuters) -Fires that broke out in a number of reservoirs in Libya’s Zawiya refinery have been brought under control, Khaled Abulgasem Gulam, spokesperson for the country’s National Oil Corporation (NOC), said in a statement on Sunday. Zawiya, 40 km (25 miles) west of the capital Tripoli, is home to Libya’s biggest functioning refinery, with …

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Senegal’s 2025 budget sees lower deficit after audit revelations

DAKAR (Reuters) – Senegal expects a budget deficit of about 7% of gross domestic product in 2025, according to government proposals seen by Reuters on Saturday, down from the 10% revealed in an audit that triggered a freeze on the country’s $1.9 billion IMF programme. The International Monetary Fund package agreed in 2023 has been …

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IMF to release $182 million to Rwanda after latest board reviews

KIGALI (Reuters) – The International Monetary Fund has said it will release $181.7 million in funds to Rwanda after its executive board concluded reviews of the country’s support programmes. The board said in a statement late on Friday it was releasing the funds after its completion of its fourth review of Rwanda’s Policy Coordination Instrument …

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Global stock index falls, bond yields rise ahead of rate decisions

By SinĂ©ad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -MSCI’s global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week’s U.S. Federal Reserve meeting. In U.S. Treasuries, benchmark 10-year yields rose to a three-week high and were on track for …

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Dollar set for best week in a month on cautious Fed outlook for 2025

By Hannah Lang NEW YORK (Reuters) -The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency also rose against the yen after …

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South African rand slips after central bank quarterly bulletin

JOHANNESBURG (Reuters) – South Africa’s rand slipped against the dollar on Friday after the central bank released its quarterly bulletin. At 1317 GMT, the rand traded at 17.8975 against the greenback, about 0.7% weaker than its previous close. The dollar was last down 0.1% against a basket of other major currencies but still headed for …

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