By Patrick Werr CAIRO (Reuters) – Egypt’s sovereign wealth fund is finalising a masterplan to revamp Cairo’s historic centre now that government ministries have largely moved to a new capital to the east, and hopes to break ground on the project within months, its chief executive said. The area, modelled on Paris in the 1860s, …
With government relocated, Egypt set to unveil overhaul of downtown Cairo Read More »
BAMAKO (Reuters) – More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday. Artisanal mining is a common activity across much of West Africa and has risen in recent years due to growing demand for metals and rising …
More than 40 killed in artisanal mine collapse in southwest Mali – mines ministry Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank aims for inflation to fall to about 21% and will work to strengthen the country’s undervalued naira currency, Governor Olayemi Cardoso said on Wednesday. Cardoso faces pressure to raise interest rates when the Central Bank of Nigeria (CBN) holds a rate-setting meeting next month for the first …
Nigeria central bank aims for 21% inflation, seeks to support naira Read More »
(Reuters) -West Africa-focused Tullow Oil said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its shares about 8% higher. The London-listed oil and gas explorer said the start-up of Jubilee South …
Tullow Oil on track to deliver $600 million free cash flow over next 2 years Read More »
JOHANNESBURG (Reuters) -South Africa’s consumer inflation fell for the second month in a row in December, to 5.1% year on year from 5.5% in November, statistics agency data showed on Wednesday. The latest reading takes headline inflation slightly closer to the mid-point of the central bank’s 3%-6% target range, or 4.5%, where the bank has …
South African inflation falls for second month in December Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian private lender RBL Bank expects a 20% growth in its loan book over the next two financial years, largely led by secured retail assets, its managing director and chief executive officer said on Wednesday. “We are trying to get into areas which are futuristic … and have a …
India’s RBL Bank targets 20% loan growth over next two financial years- CEO Read More »
WINDHOEK (Reuters) – Namibia’s President Hage Geingob will travel to the United States on Wednesday to undergo cancer treatment, the presidency has announced. A regular medical check-up earlier this month revealed the 82-year old head of state had cancer, his office said last week, without giving details about his condition. The president has accepted an …
Namibia’s president Geingob to travel to US for cancer treatment Read More »
WINDHOEK (Reuters) – Namibia’s President Hage Geingob will travel to the United States on Wednesday to undergo cancer treatment, the presidency has announced. A regular medical check-up earlier this month revealed the 82-year old head of state had cancer, his office said last week, without giving details about his condition. The president has accepted an …
Namibia’s president Geingob to travel to US for cancer treatment Read More »
By Nadine Awadalla and Farah Saafan CAIRO (Reuters) – President Abdel Fattah al-Sisi told Egyptians on Wednesday they were still able to eat and drink despite soaring prices as he defended mega-projects he said provided millions of jobs. Egypt’s long-running foreign currency shortage risks deepening because of lost revenues from the Suez Canal, and this …
Sisi tells Egyptians to bear with economic pain, says mega-projects provide jobs Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Wednesday after inflation fell for the second consecutive month in December, ahead of an interest rate decision by the central bank. At 1508 GMT, the rand traded at 18.8500 against the dollar, 1% stronger than its previous close. The dollar was last down about 0.41% against a basket …
South African rand firms after inflation report, focus on rate decision Read More »
