JOHANNESBURG (Reuters) -The South African rand weakened against a broadly stronger U.S. dollar on Thursday after local data showed a rise in producer inflation, a widening budget deficit and a trade deficit. At 1510 GMT, the rand traded at 18.8850 against the dollar, about 0.7% weaker than its previous close. The dollar last traded around …
South African rand weakens after trade and budget data Read More »
By Nyasha Chingono HARARE (Reuters) -Zimbabwe’s economic growth is expected to fall to 3.5% in 2024 from 5.5% this year, mainly due to an anticipated drought caused by El Nino, Finance Minister Mthuli Ncube said on Thursday. El Nino, a natural climate phenomenon in which surface waters of the central and eastern Pacific become unusually …
Zimbabwe sees economic growth falling in 2024 due to drought Read More »
MUNICH/BANJUL (Reuters) -A German court on Thursday sentenced a driver in the elite guard of former Gambian president Yahya Jammeh to life in prison for crimes against humanity, murder and attempted murder that led to the death of a journalist and two other opponents of his rule. The conviction is a rare piece of justice …
Guard of Gambian ex-president Jammeh gets life in jail for murder Read More »
By Tannur Anders JOHANNESBURG (Reuters) – South African asset manager STANLIB on Thursday launched an energy fund which aims to attract $1 billion by the end of 2028 to finance greener energy projects across the African continent. The launch of the Khanyisa Energy Transition Fund comes amid a global move towards more environmentally-friendly energy options. …
S.African asset manager STANLIB sets $1 billion goal for energy transition projects Read More »
By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) -Ghana’s Finance Minister Ken Ofori-Atta said on Thursday that he was confident the country would reach a restructuring deal with its official creditors by the end of next week. The “cut-off date” – the date after which new loans will not be restructured – and the …
Ghana minister confident of official creditor debt deal by end of next week Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African grocery retailer and wholesaler SPAR said on Thursday it would withhold a final dividend to save cash after a costly IT system failure, impairments, inflationary cost rises, lower-than-expected turnover growth and losses in Poland. SPAR blamed its failure to successfully implement a resource planning system at its KwaZulu-Natal …
South Africa’s SPAR withholds dividend to preserve cash after IT hit Read More »
LONDON (Reuters) – Britain’s Octopus Energy said on Thursday its generation arm has entered into partnership with Sherbro Alliance Partners (SAP) to build Sierra Leone’s first wind farm in 2024. Octopus’ green energy projects, worth $7.5 billion, spread across 15 countries in Europe, Asia and Australia. This partnership marks Octopus’ first move into renewables in …
Britain’s Octopus in partnership to build first wind farm in Sierra Leone Read More »
By Garba Muhammad KADUNA (Reuters) – Gunmen kidnapped at least eight people in an attack on the Dan Honu community in Nigeria’s northern Kaduna state, residents said on Thursday. Kidnapping for ransom is rife in northwest Nigeria where armed gangs, often referred to locally as bandits, have targeted schools, villages and travellers, making it unsafe …
Armed men abduct 8 in northern Nigeria state, residents say Read More »
JOHANNESBURG (Reuters) -Impala Platinum said Thursday it is restarting mines that had been halted for two days after an accident at one of its shafts resulted in the deaths of 12 workers. Mining operations at platinum mines in Rustenburg – in South Africa’s North West province – would be gradually ramped up to full production …
Impala Platinum restarts South African mines after deadly accident Read More »
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -Treasury yields fell on Wednesday while the dollar gained and MSCI’s global stock index barely rose as U.S. Federal Reserve officials provided mixed messages on monetary policy while third-quarter data provided encouraging signs for the economy. In U.S. equities, the S&P 500 edged lower and Nasdaq …
Treasury yields fall on data, rate cut expectations; dollar gains Read More »
