PORT OF SPAIN (Reuters) – The Gas Exporting Countries Forum (GECF) sees tight global liquefied natural gas (LNG) markets until 2026 as demand rises 1.5% this year and by up to 22% through 2050, the group’s secretary general, Mohamed Hamel, said on Monday at a conference in Trinidad and Tobago. The GECF represents natural gas …
Gas exporting group sees tight global LNG markets until 2026 Read More »
LONDON (Reuters) – A team from the International Monetary Fund is expected to visit Gabon in late January or early February for Article IV discussions, a source told Reuters on Monday. The IMF had provided support to Gabon in July 2021 to help it weather the fallout from the COVID-19 pandemic, but the status of …
IMF expected to visit Gabon in late Jan, early Feb for Article IV – source Read More »
TUNIS (Reuters) – Tunisia has succeeded in repaying all its 2023 domestic and external debts despite huge pressure on public finance, Finance Minister Sihem Boughdiri said on Monday, dispelling doubts about the possibility of a default. Tunisia will pay $4 billion of foreign debts in 2024, an increase of 40% compared with 2023, an official …
Tunisia says it paid all its 2023 internal and foreign debts Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank’s first rate decision of the year are on the agenda. At 1516 GMT, the rand traded at 19.1575 against the dollar, 0.64% weaker than its previous close. The dollar was …
South African rand on back foot ahead of rate decision, data Read More »
BRUSSELS (Reuters) -The European Council on Monday adopted sanctions against six entities involved in the war in Sudan, where the regular army (SAF) and the paramilitary Rapid Support Forces (RSF) have been fighting since last April. The Council said in a statement the six entities were responsible for “supporting activities undermining the stability and political …
EU adopts sanctions against six entities involved in Sudan war Read More »
RABAT (Reuters) – Moroccan mining company Managem plans to increase its capital by 3 billion dirhams ($300 million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad Touimi said. The decision was approved by shareholders as the company invests in gold, copper and cobalt projects to …
Moroccan miner Managem plans $300 million capital increase in 2024 -CEO Read More »
By Alex Lawler, Robert Harvey and Natalie Grover LONDON (Reuters) -The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea, according to traders, LSEG data and analysts. The disruptions have combined with other factors …
Europe, Africa crude market tightens on Red Sea disruptions, China demand Read More »
CAIRO (Reuters) -Egypt will not allow any threat to Somalia, President Abdel Fattah al-Sisi said on Sunday after Ethiopia said it would consider recognising an independence claim by Somaliland in a deal that would give it access to a sea port. The remarks were the strongest yet made on the issue by Egypt, which already …
President Sisi says Egypt will not allow any threat to Somalia or its security Read More »
JOHANNESBURG (Reuters) – Two people were killed and four were injured when fire engulfed a residential building in Johannesburg early on Sunday, city officials said, adding search and rescue operations were still underway. “The fire operation continues at the two-storey building that was engulfed with flames earlier this morning,” the City of Johannesburg Emergency Management …
Two die, four injured in Johannesburg building fire Read More »
By Dawit Endeshaw ADDIS ABABA (Reuters) – Thousands of Ethiopian Orthodox followers gathered in the capital Addis Ababa on Friday and Saturday to celebrate Epiphany, also called Timket, a religious festival commemorating Jesus’ baptism in the Jordan River. The annual festival is recognised by UNESCO as an important intangible cultural heritage. Followers marched from churches …
Ethiopians celebrate “Timket” festival that marks Jesus’ baptism Read More »
