By Erwin Seba HOUSTON (Reuters) -Oil prices climbed more than 2% on Monday as further supply cuts in OPEC+ production are expected to be announced following a meeting of member countries early next week. Brent crude futures settled up $1.71, or 2.1%, at $82.32 a barrel. The front-month December West Texas Intermediate crude (WTI) expired …
By Andreas Rinke and Sarah Marsh BERLIN (Reuters) – Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe’s largest economy achieve its own transition to carbon neutrality. Germany will need to import large quantities of green hydrogen …
Scholz pledges greater investment in Africa’s green energy sector Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index fell to its lowest in more than two months on Monday, continuing a drop from the prior week, as investors largely believe the U.S. Federal Reserve has completed its interest rate hike cycle and look towards when the central bank may start to cut rates. The …
Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens Read More »
KINSHASA (Reuters) – Two opposition candidates for Democratic Republic of Congo’s presidential election next month said on Monday they would drop out and back another opposition candidate, Moise Katumbi, following a move made by another aspirant last week. Seth Kikuni and Franck Diongo are the latest opposition candidates to throw their support behind 58-year-old Katumbi, …
Congo opposition candidates drop presidential bids to back Katumbi Read More »
By Waakhe Simon Wudu JUBA (Reuters) -Attacks by rival factions of the Dinka ethnic group in an area claimed by both Sudan and South Sudan killed at least 32 people over the weekend, a local official said on Monday. Deadly violence is common in the oil-rich Abyei region, where Twic Dinka from South Sudan’s neighbouring …
Ethnic fighting kills 32 in disputed region straddling Sudan, South Sudan Read More »
JERUSALEM (Reuters) – Israel has recalled for consultations its ambassador to South Africa following the “latest statements from South Africa”, Israel’s Foreign Ministry said on Monday. South Africa’s ruling African National Congress (ANC) party on Thursday had said it would support a parliamentary motion calling for the Israeli embassy in South Africa to be closed. …
Israel recalls its ambassador to South Africa for consultations Read More »
MONROVIA (Reuters) – Joseph Boakai has been elected president of Liberia with 50.64% of the vote, beating President George Weah who got 49.36%, according to final results announced by the election commission on Monday. (Reporting by Alphonso Toweh; Writing by Edward McAllister)
By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) -Zambia suffered a major setback in its debt restructuring efforts after the government on Monday said a revised deal to rework $3 billion of Eurobonds could not be implemented at this time due to objections from official creditors, including China. Zambia and the country’s official creditor committee …
Zambia dealt major setback as official creditors object to bond deal Read More »
By Emilio Parodi and Francesca Landini MILAN (Reuters) -Italian oil company Eni has temporary halted arbitration regarding an oilfield dispute with the Nigerian government, buying time to discuss the conversion of a licence from prospecting to one for production, sources with direct knowledge of the matter told Reuters. Eni confirmed the suspension of the arbitration …
Eni suspends World Bank arbitration in Nigeria oilfield dispute Read More »
JOHANNESBURG (Reuters) – The International Monetary Fund has reached a staff-level agreement with Zambia on the second review of its Extended Credit Facility, unlocking another $184 million upon IMF board approval, the Fund said on Monday. The IMF’s mission chief for Zambia added in a statement that the Fund welcomed Zambia’s memorandum of understanding with …
IMF staff agree second review of Zambia facility, unlocking $184 million Read More »
