30 C
Lagos, South Africa and New York
Friday, June 5, 2020

Rwandan medical workers deploy robots to minimise coronavirus risk

KIGALI (Reuters) - At the Kanyinya COVID-19 treatment facility a short distance from Rwanda’s capital Kigali, Akazuba, Ikizere and Ngabo report for duty, but these are no ordinary health care workers. In a bid to minimise contact between patients infected with the coronavirus and doctors...

Tullow Oil says 58 workers test positive for COVID-19 offshore Ghana

ACCRA (Reuters) - Fifty-eight workers tested positive for COVID-19 at an oil production facility run by Tullow Oil off Ghana’s Atlantic coast, the company said in a statement on Friday. Fifty-seven workers tested positive on a support vessel for a floating production and storage (FPSO)...

Ethiopia passes supplementary budget to help absorb virus impact

ADDIS ABABA (Reuters) - Ethiopia’s parliament on Friday approved a supplementary budget worth 48.56 billion birr ($1.43 billion) for the financial year ending July to help the economy weather the impact from the novel coronavirus. Authorities have put in place several measures to curb the...

RMB confirms Total’s $15 bln funding for Mozambique LNG project

JOHANNESBURG (Reuters) - South Africa’s Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total’s Mozambique liquefied natural gas (LNG) project. Sources told Reuters last week that Total had secured...

Kenya central bank governor says small businesses need urgent help

NAIROBI (Reuters) - Kenya’s small and medium businesses need urgent help to survive the economic slowdown caused by the novel coronavirus, and many are at risk of shutting down by the end of June, the head of the central bank said on Thursday. On Wednesday,...

South African state asset manager proposes converting Eskom bonds into equity – chairman

JOHANNESBURG (Reuters) - South African state asset manager the Public Investment Corporation (PIC) has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman Reuel Khoza told Reuters in an interview. Khoza said the PIC had...

ECOWAS Countries Fixes 2023 Completion Date for $567m WAPP Project

The Economic Community of West African States (ECOWAS) member countries, through the West African Power Pool (WAPP), has set a 2023 date for the completion of the $567.5 and 600 megawatts project. The sub-regional body said the large electricity market was to allow reliable and...

South African rand steadies, stocks open lower

JOHANNESBURG (Reuters) - South Africa’s rand held steady against the dollar early on Monday, a day after President Cyril Ramaphosa announced a further easing of the coronavirus lockdown from June 1, allowing the vast majority of the economy to return to production. At 0710 GMT,...

Angola’s foreign oil exploration evaporates as COVID-19 overshadows historic reforms

Noah Browning, Dmitry Zhdannikov, Libby George LONDON/LAGOS (Reuters) - The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest oil producer. The consequences could be grave...

Ethiopia to sell 40 percent of Ethio Telecom – Minister

ADDIS ABABA (Reuters) - The Ethiopian government will sell a 40 percent stake in Ethio Telecom, a monopoly operator, as part of the country’s plans for opening one of the world’s last major closed telecoms markets, State Minister of Finance Eyob Tekalign Tolina told...