By Tannur Anders JOHANNESBURG (Reuters) -South Africa’s MTN has agreed to sell a minority stake in its mobile money arm to payments giant Mastercard, it said on Monday, in a bid to expand its African fintech business. The telecoms group has since the COVID-19 crisis been trying to sharpen its focus on Africa and expand …
South Africa’s MTN to sell mobile money stake to Mastercard Read More »
ABUJA (Reuters) – A Nigerian Air Force helicopter crashed in the north-central Nigerian state of Niger on Monday, with sources saying it had come under fire from armed bandits. The helicopter crashed near Chukuba village in the Shiroro local government area of the state, air force spokesperson Air Commodore Edward Gabkwet said. An investigation was …
Air force helicopter crashes after attack in north-central Nigeria: sources Read More »
(Reuters) – The Biden administration issued a business advisory for South Sudan on Monday, urging U.S. businesses and citizens in the region to undertake “robust due diligence” on corruption and human rights issues or abuses, according to a statement from the State Department. “The advisory highlights the growing reputational, financial, and legal risks to U.S. …
US issues advisory highlighting risks of doing business in South Sudan Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria’s central bank plans to take measures that will impact currency markets in a few days time, its acting governor said on Monday, after meeting President Bola Tinubu to discuss ways to improve dollar liquidity on the official market. Acting central bank governor Folashodun Shonubi’s meeting with Tinubu comes …
Nigeria central bank to make moves impacting FX markets in days Read More »
JOHANNESBURG (Reuters) -The South African rand weakened on Monday, hampered at the start of the week by worries over the health of China’s economy and the potential for another U.S. interest rate hike. At 1516 GMT, the rand was at 19.0475 to the dollar, about 0.44% weaker than its closing level on Friday. Analysts said …
South African rand starts week on back foot on China, Fed worries Read More »
By Sachin Ravikumar and Lovasoa Rabary LONDON/ANTANANARIVO (Reuters) -The Madagascan president’s chief of staff has been arrested in London on suspicion of seeking a bribe from precious stone miner Gemfields and removed from her post, British and Madagascan authorities said on Monday. Britain’s National Crime Agency (NCA) said Romy Andrianarisoa, 46, and a French associate …
Madagascan president’s aide accused of bribery in UK and sacked Read More »
NAIROBI (Reuters) – A suspected air strike at the weekend in Ethiopia’s Amhara region killed at least 26 people, a hospital official said on Monday, as a state-appointed rights group detailed widespread killings of civilians since fighting broke out this month. Federal forces managed late last week to push Fano militiamen out of most major …
Suspected air strike kills 26 in Ethiopia’s Amhara region Read More »
By Natalie Grover LONDON (Reuters) – Exports of Nigeria’s Forcados grade of crude oil resumed on Sunday, a Shell spokesperson said on Monday, roughly a month after loadings of the medium sweet grade were suspended because of a potential leak at the export terminal. Sources had told Reuters that exports of the grade, which was …
Nigeria’s Forcados crude oil exports have resumed, says Shell Read More »
(Reuters) – South Africa’s Northam Platinum on Monday said it expects its annual profit to decline by as much as 12.5% despite increased production due to higher costs and weaker metal prices. Northam expects headline earnings per share (HEPS) – the most common profit measure in South Africa – of between 22.84 and 25.46 rand …
S.Africa’s Northam expects lower profit on costs, weaker metal prices Read More »
JOHANNESBURG (Reuters) -South African lender Absa Group on Monday posted a marginal rise in interim profit as it benefited from higher interest rates, which was partly offset by higher impairments. The lender posted a headline earnings per share of 13.21 rand ($0.6945) for the half year ended June 30, against 12.67 rand the corresponding period …
South African lender Absa posts marginal rise in interim profit Read More »
