Reuters Africa

CAPE TOWN (Reuters) – French energy firm TotalEnergies plans to restart its long-delayed $20 billion Mozambique liquefied natural gas (LNG) project in the first quarter of next year, two sources told Reuters late on Friday. Work on the project has been halted since 2021 when a violent insurgency led by Islamic State-linked militants threatened the …

TotalEnergies to restart its delayed Mozambique LNG project in early 2024 -sources Read More »

LAGOS (Reuters) – Nigeria on Friday reaffirmed its commitment to OPEC, its junior petroleum minister said, a day after Angola said it would leave the Saudi-led oil producer group that has in recent months sought to rally support for more output cuts to prop up prices. Africa’s biggest oil producer, Nigeria and Angola, were among …

Nigeria petroleum minister reaffirms commitment to OPEC Read More »

By Joe Cash BEIJING (Reuters) – Angola’s decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country’s oil and other sectors, as part of a deepening of decades-old ties. Angola said on Thursday it was leaving OPEC, effective from Jan. 1, following a …

Angola’s OPEC exit opens way for more Chinese investment Read More »

NIAMEY (Reuters) – The last French troops deployed in Niger to help fight a decade-old Islamist insurgency in the Sahel left the country on Friday, sealing a withdrawal that has dealt a further blow to France’s influence in West Africa. Army officers who seized power in Niger in July made France’s military exit one of …

Last French troops leave Niger as military cooperation officially ends Read More »

By Wendell Roelf CAPE TOWN (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African ports struggle with red tape, congestion and poor facilities, companies and analysts say. Hundreds of large vessels are rerouting around …

Ships rerouted by Red Sea crisis face overwhelmed African ports Read More »

JOHANNESBURG (Reuters) -South Africa’s rand pared back some losses on Friday, after data showed annual U.S. inflation slowed further in November, fuelling hopes of an early interest rate cut by the Federal Reserve. At 1409 GMT, the rand traded at 18.3950 against the dollar, down 0.15% from its previous close. It had weakened as much …

South African rand pares losses after key US inflation report Read More »