KAMPALA (Reuters) – The Ugandan shilling was stable on Friday amid subdued activity on both supply and demand sides, traders said. At 0931 GMT commercial banks quoted the shilling at 3,770/3,780 against the dollar, unchanged from Thursday’s close. (Reporting by Elias Biryabarema)
(Reuters) – TotalEnergies is ready to start construction of a 216 megawatt solar plant with battery storage in South Africa that should be operational in 2025, the company said on Friday. Africa’s most advanced economy is battling to end crippling power cuts blamed on its ageing fleet of coal-fired plants, while seeking to transition away …
TotalEnergies to start building 216 MW solar plant in S.Africa Read More »
ADDIS ABABA (Reuters) -Ethiopia’s finance ministry said on Friday it had asked its international bondholders to offer early debt relief that does not have to be renegotiated over “comparability of treatment concerns” as it faces a sovereign default later in December. The plea was made during a global investor call on Thursday as Ethiopia made …
Ethiopia asks bondholders for debt relief early, ‘likely once and for all’ Read More »
By Trevor Hunnicutt WASHINGTON (Reuters) -The parties to a ceasefire in parts of the eastern Democratic Republic of Congo (DRC) have agreed to a two-week extension, according to a senior U.S. official familiar with the developments. “There has been a two-week extension to the ceasefire in eastern DRC,” according to the Biden administration official, who …
Exclusive-US official says eastern Congo ceasefire extended for two weeks Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks pared earlier gains to close modestly higher on Thursday, while benchmark Treasury yields dropped to multi-month lows after investors rotated out of momentum growth stocks following the U.S. Federal Reserve’s dovish pivot. The dollar hit a two-week low against the euro and more than a four-month low …
Wall St ends higher, Treasury yields hit multi-month lows in Fed’s wake Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 3% on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand forecast for next year. Brent futures settled $2.35 higher, or 3.2%, at $76.61 a barrel. U.S. West Texas Intermediate (WTI) crude climbed …
Oil rises 3% on IEA demand upgrade, weaker dollar Read More »
By Karen Brettell and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar fell to a two-week low against the euro and a more than four-month low against the Japanese yen in a broad based selloff on Thursday, after the Federal Reserve on Wednesday indicated that rate cuts are likely next year. The euro and pound, meanwhile, …
Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts Read More »
By Rachel Savage and Jorgelina do Rosario JOHANNESBURG (Reuters) – Ethiopia’s government told bondholders on Thursday it was hoping to negotiate a rework of its single international bond quickly and was set to include a form of “loss reinstatement” provision for investors, three sources attending the call told Reuters. The global investor call was part …
Ethiopia floats “loss reinstatement” provision in bond rework -sources Read More »
By Vining Ogu LAGOS (Reuters) -When Sodiq Ajibade emerged from a Lagos pharmacy holding asthma medication, one drug on his prescription was missing because he did not have the money to buy it. The price of some medicines has risen almost tenfold in Nigeria in the past few months, forcing patients like Ajibade to cut …
Nigerian patients feel pain of soaring drug prices Read More »
DAKAR (Reuters) -A Senegal court has ordered jailed opposition leader Ousmane Sonko to be reinstated on the electoral register, a ruling that could pave the way for him to run in a February presidential election, Sonko’s lawyer Cire Cledor Ly said on Thursday. Sonko has faced a flurry of court cases over the past two …
Senegal court orders opposition leader Sonko to be reinstated on electoral list Read More »
