30 C
Lagos, South Africa and New York
Monday, July 6, 2020

Sudan sets up bourse for gold as opens up market

KHARTOUM (Reuters) - Sudan, Africa’s third biggest gold producer, is setting up a bourse for the precious metal and will standardize the price in accordance with the global rate, Sudanese Prime Minister Abdalla Hamdok said in a statement on Monday. In January, Sudan started allowing...

African free trade deal launch unlikely this year – AfCFTA Sec Gen

By Libby George LAGOS, May 1 (Reuters) - A blockbuster African trade deal is unlikely to be implemented before early next year, an official said on Friday, after the disruption caused by the new coronavirus made the current July 1 deadline unworkable. Wamkele Mene, Secretary-General of...

Angola’s Sonangol begins selling assets in firms

JOHANNESBURG (Reuters) - Angolan state oil company Sonangol said on Friday it has opened a public tender to sell its stakes in some private firms as part of a government bid to privatise key state assets including parts of Sonangol itself by 2022. Describing Sonangol...

S.African govt extends deadline for SAA severance deal to May 1

Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) - South Africa’s government and specialists appointed to try to save the state-owned airline have agreed to extend a deadline for trade unions to agree staff severance terms, a letter from the public enterprises department showed on Saturday. South African Airways (SAA)...

South Africa’s rand weakens as coronavirus worries weigh

JOHANNESBURG, March 11 (Reuters) - South Africa's rand weakened on Wednesday as another bout of risk aversion dragged emerging market currencies lower, with investors fretting over the impact of the coronavirus and opting for safe-haven assets. Stocks fell, as a drop in oil prices hit...

S.Africa’s rand crumbles to 4-year low as panic selling in Asia deepens rout

JOHANNESBURG (Reuters) - South Africa’s rand tumbled to a four-year low on Monday, joining a global sell-off in riskier assets as the coronavirus outbreak continued to spread globally and oil prices collapsed. The rand was already on the back foot after ratings firm Moody’s, the...

East African airlines suspend China flights due to coronavirus

NAIROBI/KIGALI (Reuters) - Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice afteAuthorities in Kenya have sent samples from a person suspected of having the new coronavirus to South Africa for further tests....

Open Nigeria’s border, Ghanaian president begs Buhari at UK-Africa Investment Summit

ABUJA —- GHANAIAN President Nana Akufo-Addo has pleaded with President Muhammadu Buhari to expedite the process of reopening the closed borders because of its effect on the economy of Ghana. President Akufo-Addo made the plea to Buhari during a bilateral discussion they had on...

Nigeria not ready for implementation of Eco Single Currency in 2020 – Onyeama

Minister of Foreign Affairs, Geoffrey Onyeama, says Nigeria is not yet ready for the implementation of the ECOWAS Single Currency, “Eco,” in 2020. Onyeama, who made this known on Thursday in Abuja while speaking with Journalists, explained that Nigeria’s position on the single currency was...

Kenya’s KCB Group injects 5 bln shillings into NBK after acquisition

NAIROBI (Reuters) - Kenya’s biggest lender by assets, KCB Group, has injected 5 billion shillings ($49.31 million) into National Bank of Kenya (NBK), which it acquired last year, it said on Thursday. “In addition to enabling NBK to comply with capital adequacy requirements, the injection...
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