KADUNA, Nigeria (Reuters) – A Nigerian Air Force helicopter crashed shortly after takeoff in the southern oil hub of Port Harcourt on Friday but all five crew members survived with only minor injuries, a spokesperson said. The incident occurred at about 0645 GMT shortly after the MI-35P helicopter took off for an operation in the …
Nigerian Air Force helicopter crashes in southern oil hub, crew survives Read More »
By Chris Mfula LUSAKA (Reuters) -Zambia has selected United Arab Emirates’ International Resources Holdings (IRH) as the new strategic equity partner in Mopani Copper Mines, the miner’s owner ZCCM-IH said late on Thursday. IRH, which is linked to Abu Dhabi’s most valuable listed company, International Holdings Company (IHC), will invest funds into Mopani to help …
Zambia selects UAE’s IHC unit as new partner in Mopani Copper Mines Read More »
(Reuters) – South African poultry producer Quantum Foods on Friday reported a 35 million rand ($1.86 million) loss in the year to end-September, after the country’s worst bird flu outbreak decimated its chicken flock and power cuts intensified. The prior year the company posted a 37 million rand profit. South Africa has battled an outbreak …
S.Africa’s Quantum Foods swings to loss on bird flu, power cuts Read More »
By Michelle Nichols and Giulia Paravicini UNITED NATIONS/NAIROBI (Reuters) – The United Nations Security Council is due to vote on Friday to remove the final restrictions on weapons deliveries to Somalia’s government and its security forces, diplomats said, more than 30 years after an arms embargo was first imposed on the country. The council put …
UN Security Council due to vote on lifting arms embargo on Somalia Read More »
By Michelle Nichols UNITED NATIONS (Reuters) – The United Nations Security Council is due to vote on Friday to end a political mission in war-torn Sudan, diplomats said, after the country’s acting foreign minister requested the move earlier this month and described the mission’s performance as “disappointing.” A war erupted on April 15 between the …
UN Security Council due to vote to close Sudan political mission Read More »
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI’S global stock index rose on Thursday while the Dow closed at its highest level since mid-January 2022, and bond yields and the dollar gained after Federal Reserve officials sounded caution about interest rate cuts. The U.S. Commerce Department said consumer spending, which accounts for more …
Global stock index rises as dollar, Treasury yields climb with rates in focus Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing. Thursday’s economic data suggested that the Federal Reserve is likely done raising interest rates and may start easing by the middle of …
US dollar gains but set for worst monthly loss in a year, euro falls Read More »
NAIROBI (Reuters) – Kenya’s inflation eased slightly to 6.8% year-on-year in November from 6.9% a month earlier, the statistics office said on Thursday. On a month-on-month basis inflation was 0.2%, compared to 1.0% in October, the Kenya National Bureau of Statistics (KNBS) said in a statement. Transport, housing and utilities, and food were major contributors …
Kenyan inflation dips to 6.8% year-on-year in November Read More »
By Natalie Grover (Reuters) -OPEC+ handed Nigeria a 2024 oil output target lower than Africa’s largest oil producer had hoped for while lowering Angola’s target, according to a statement from the group of oil-producing countries. The move follows a meeting in June where OPEC+ agreed a complex deal that revised production targets for several members. …
OPEC+ tweaks Nigeria, Angola oil output levels for 2024 Read More »
By Nelson Banya and Nyasha Chingono HARARE (Reuters) – Zimbabwe has given lithium miners up to March 2024 to submit plans for the local production of battery-grade lithium in a bid to benefit from growing demand for the clean energy mineral, Finance Minister Mthuli Ncube said on Thursday. Africa’s top lithium producer last year banned …
Zimbabwe orders lithium miners to submit refinery plans by March 2024 Read More »
