By Scott DiSavino NEW YORK (Reuters) – Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar. Brent crude futures rose 49 cents, or 0.6%, to settle at $80.04 a barrel, while U.S. West Texas …
Oil edges up 1% on big US crude withdrawal, China stimulus Read More »
(Reuters) – German Foreign Minister Annalena Baerbock said on Wednesday her government plane had to make an unplanned stopover in Saudi Arabia on the way to a visit to Djibouti as it lacked a permit to fly over Eritrea. Djibouti was the first stop of Baerbock’s three-day trip to East Africa, where she is scheduled …
German minister’s plane diverted from Djibouti due to lack of permit Read More »
By Patrick Werr CAIRO (Reuters) – Egypt’s sovereign wealth fund is finalising a masterplan to revamp Cairo’s historic centre now that government ministries have largely moved to a new capital to the east, and hopes to break ground on the project within months, its chief executive said. The area, modelled on Paris in the 1860s, …
With government relocated, Egypt set to unveil overhaul of downtown Cairo Read More »
BAMAKO (Reuters) – More than 40 artisanal gold miners were killed in southwest Mali last week after the shaft they were working in collapsed, Mali’s mines ministry said on Wednesday. Artisanal mining is a common activity across much of West Africa and has risen in recent years due to growing demand for metals and rising …
More than 40 killed in artisanal mine collapse in southwest Mali – mines ministry Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank aims for inflation to fall to about 21% and will work to strengthen the country’s undervalued naira currency, Governor Olayemi Cardoso said on Wednesday. Cardoso faces pressure to raise interest rates when the Central Bank of Nigeria (CBN) holds a rate-setting meeting next month for the first …
Nigeria central bank aims for 21% inflation, seeks to support naira Read More »
(Reuters) -West Africa-focused Tullow Oil said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its shares about 8% higher. The London-listed oil and gas explorer said the start-up of Jubilee South …
Tullow Oil on track to deliver $600 million free cash flow over next 2 years Read More »
JOHANNESBURG (Reuters) -South Africa’s consumer inflation fell for the second month in a row in December, to 5.1% year on year from 5.5% in November, statistics agency data showed on Wednesday. The latest reading takes headline inflation slightly closer to the mid-point of the central bank’s 3%-6% target range, or 4.5%, where the bank has …
South African inflation falls for second month in December Read More »
By Siddhi Nayak MUMBAI (Reuters) – Indian private lender RBL Bank expects a 20% growth in its loan book over the next two financial years, largely led by secured retail assets, its managing director and chief executive officer said on Wednesday. “We are trying to get into areas which are futuristic … and have a …
India’s RBL Bank targets 20% loan growth over next two financial years- CEO Read More »
WINDHOEK (Reuters) – Namibia’s President Hage Geingob will travel to the United States on Wednesday to undergo cancer treatment, the presidency has announced. A regular medical check-up earlier this month revealed the 82-year old head of state had cancer, his office said last week, without giving details about his condition. The president has accepted an …
Namibia’s president Geingob to travel to US for cancer treatment Read More »
WINDHOEK (Reuters) – Namibia’s President Hage Geingob will travel to the United States on Wednesday to undergo cancer treatment, the presidency has announced. A regular medical check-up earlier this month revealed the 82-year old head of state had cancer, his office said last week, without giving details about his condition. The president has accepted an …
Namibia’s president Geingob to travel to US for cancer treatment Read More »
