By Duncan Miriri NAIROBI (Reuters) -Kenya’s biggest telecoms operator Safaricom’s earnings got a lift in the first half of the financial year from a resilient home market, it said on Thursday, which offset a drop in its group core earnings. Core earnings in the Kenya business surged 14.9% due to a reduction in the prices …
Safaricom’s home market outperforms in first half on lower prices Read More »
JOHANNESBURG (Reuters) – South African President Cyril Ramaphosa has authorised the deployment of 3,300 army personnel to help combat illegal mining activities, Ramaphosa’s office said in a statement on Thursday. The deployment of the South African National Defence Force (SANDF), which is expected to cost about 492 million rand ($26 million), is aimed at maintaining …
South African president deploys army to tackle illegal mining Read More »
JOHANNESBURG (Reuters) – The South African rand edged higher in early trade on Thursday, ahead of a speech by the Federal Reserve Chair that could provide insight on possible direction for U.S. interest rates. At 0638 GMT, the rand traded at 18.4500 against the dollar, about 0.14% stronger than its previous close. The dollar was …
South African rand edges higher ahead of Powell’s speech Read More »
By Marwa Rashad and Sarah El Safty LONDON/CAIRO (Reuters) -The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports form Israel, Oxford Institute of Energy Studies (OIES) said. Egypt shipped 80% of its liquefied natural gas …
Mideast conflict dims prospect of more Egyptian LNG exports to Europe Read More »
By Leela de Kretser NEW YORK (Reuters) -Democratic Republic of Congo Deputy Prime Minister Vital Kamerhe on Wednesday said he supported Congolese journalist Stanis Bujakera, who has been detained in Kinshasa, but could not speak about the judicial process currently under way. Kamerhe, who said he had been jailed in the past himself, said the …
Congo’s Kamerhe says detained Reuters journalist has his support Read More »
By Tannur Anders PRETORIA (Reuters) – The South African unit of U.S. auto giant Ford said on Wednesday it would invest 5.2 billion rand ($281 million) to produce a hybrid vehicle in the country, as it urged the government to move fast on an electric vehicle policy. Three-quarters of cars produced by South Africa’s auto …
Ford’s South Africa unit to invest $281 million in hybrid vehicles Read More »
By Herbert Lash NEW YORK (Reuters) -World stock markets sputtered on Wednesday and the dollar eased as some investors accepted the notion that interest rates will stay higher for longer even though the Federal Reserve may have halted hiking them. Yields across the Treasury curve mostly fell as the auction of benchmark 10-year notes fared …
Stocks slip as market seeks rate-cut timing, dollar gains Read More »
By Felix Onuah ABUJA (Reuters) – Nigerian President Bola Tinubu has signed into law a $2.8 billion supplementary budget that includes funding for new bulletproof cars for himself and his wife, despite widespread criticism from citizens facing a cost-of-living crisis. The budget, which was approved by lawmakers on Nov. 2, also includes allocations for a …
Nigeria’s president signs budget including funds for yacht, bulletproof cars Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slid over 2% on Wednesday to their lowest in more than three months on concerns over waning demand in the U.S. and China. Brent crude futures settled down $2.07, or 2.5%, to $79.54 a barrel. U.S. crude lost $2.04, or 2.6%, to $75.33. Both benchmarks hit their …
Oil slides over 2% on demand worries, lowest settlement in 3 months Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria’s President Bola Tinubu will attend the Saudi-Africa summit in Riyadh this week to attract foreign direct investment to Africa’s largest economy and mobilize capital to build needed infrastructure, his office said on Wednesday. Tinubu has embarked on the country’s boldest reforms in decades, which have been welcomed by …
Nigerian President Tinubu to attend Saudi-Africa summit in Riyadh Read More »
