By Nicole Jao NEW YORK (Reuters) – Oil prices settled lower on Thursday after Angola said it would exit the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group’s efforts to support prices by limiting global supplies. Brent crude futures settled down 31 cents at $79.39 a barrel. U.S. West Texas …
(Reuters) -Egypt’s central bank kept its overnight interest rates unchanged on Thursday as predicted, saying GDP growth had slowed to 2.9% in the second quarter of 2003 and headline inflation had decelerated in October and November. The central bank’s Monetary Policy Committee (MPC) left the deposit rate at 19.25% and the lending rate at 20.25%, …
Egypt central bank keeps interest rates steady as growth drops Read More »
By Ange Kasongo and Christophe Van Der Perre KINSHASA (Reuters) -Democratic Republic of Congo held a second day of voting on Thursday in a chaotic and in some areas violent general election – an unscheduled extension that some opposition candidates and observers say could open the results up to legal challenge. The presidential and legislative …
Congo votes in extended election as some opposition demand rerun Read More »
By Miguel Gomes, Ahmad Ghaddar and Alex Lawler LUANDA/LONDON (Reuters) – Angola said on Thursday it would leave OPEC in a blow to the Saudi-led oil producer group that has sought in recent months to rally support for further output cuts to prop up oil prices. Angola’s Oil Minister Diamantino Azevedo said the Organization of …
Angola leaves OPEC in blow to oil producer group Read More »
KAMPALA (Reuters) – As a Ugandan court hears a challenge on Monday to one of the world’s harshest anti-LGBT laws, there’s more at stake than the simple constitutionality of the statute. LGBT activists say the Anti-Homosexuality Act (AHA) has given Ugandans an implicit licence to abuse and discriminate against sexual minorities. While at least five …
Eviction, threats and suicidal thoughts: Uganda’s LGBT community endures trying year Read More »
By Aaron Ross and Dawit Endeshaw ADDIS ABABA (Reuters) – Foreign investor interest in Ethiopia’s telecoms sector is cooling, sector experts and those with knowledge of the licencing process say, pointing to a bumpy first two years operating in the country for Safaricom, the only company so far granted a licence to compete with state-owned …
Safaricom’s Ethiopia struggle deters potential telecoms investors Read More »
By Libby George LONDON (Reuters) – After a grim couple of years for developing countries, with rapid interest rate rises prompting a string of defaults, investors say the coming wall of debt maturities looks to be surmountable. Principle payments of emerging markets’ sovereign Eurobonds will spike to $78.4 billion in 2024, from $43.6 billion this …
Emerging market debt wall looks scalable as investors warm to risk Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was little changed in thin trade on Thursday, ahead of the lull in trading sessions that affects the week between Christmas and New Year. At 1502 GMT, the rand traded at 18.3400 against the dollar, near its previous close of 18.3350. On the stock market, the Top-40 and the broader …
(Reuters) – South Africa’s Gold Fields said on Thursday it had agreed to sell its 45% stake in Ghana’s Asanko gold mine to joint venture partner Galiano Gold in a $170 million cash and shares deal. Galiano already owns 45% of Asanko, which produced 170,000 ounces of gold in 2022 and is one of Ghana’s …
South Africa’s Gold Fields sells Asanko stake in $170 million deal Read More »
ABUJA (Reuters) – Nigeria’s unemployment rate stood at 4.2% in the April-June quarter, little changed from the previous quarter, showing a mixed trend of positive indicators and lingering challenges. Unemployment in the second quarter marginally rose from 4.1% in the first quarter, according to data published by the National Bureau of Statistics (NBS) on Thursday. …
Nigeria’s Q2 jobless rate steady at 4.2%, data shows mixed trend Read More »
