NAIROBI (Reuters) – Kenyan taxi-hailing firm, Little, which has a partnership with telecoms operator Safaricom, has sold just under 10 percent of its shares to an unnamed Indian investor for $3 million, it said on Monday. Kamal Budhabhatti, the CEO of the firm which was founded in 2016 and offers 12,000 rides a day in […]
Read More LONDON (Reuters) – Emmerson has raised 6 million pounds by issuing 200 million new shares to develop a potash project in Morocco and on Monday the company resumes trade on the London Stock Market. Mill manager examines a pile of processed potash at the Mosaic Potash Colonsay mine storage facility in Colonsay, Saskatchewan in this […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand firmed slightly against the dollar early on Monday, as traders awaited growth and manufacturing numbers due this week to see how the economy is faring under President Cyril Ramaphosa. A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo At 0620 GMT, the […]
Read More TUNIS (Reuters) – Tunisia expects its grain harvest to fall to 1.4 million tonnes this season from 1.6 million tonnes because of lack of rain, the agriculture ministry said on Sunday. The crop includes 923 tonnes of durum wheat, 119 tonnes of soft wheat and 362 tonnes of barley. Reporting By Tarek Amara, editing by […]
Read More CAIRO/DUBAI (Reuters) – Egypt is retesting a 63,000-tonne Russian wheat cargo for the common grain fungus ergot days after rejecting it for excessive levels, official and trade sources said. The samples were sent from the Red Sea port of Safaga to a central laboratory in Cairo. Egypt, the world’s largest purchaser of wheat, had said […]
Read More HONG KONG (Reuters) – China’s Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its chief executive officer said on Thursday. The company currently produces around 50,000 tonnes of copper and 5,000 tonnes of cobalt a year, Gao Tianpeng said at the LME Asia […]
Read More JOHANNESBURG (Reuters) – Anglo-South African investment bank and asset manager Investec Plc reported an increase in operating profit on Thursday, with funds managed by its asset management business topping 100 billion British pounds ($135 billion) for the first time. The 5.6 percent rise in operating profit for the year ended in March indicates stability as […]
Read More LONDON (Reuters) – The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. A passenger plane flies over a Shell logo at a […]
Read More JOHANNESBURG (Reuters) – South Africa’s rand weakened early on Thursday, giving up the previous session’s gains as investors short on the local and other emerging currencies were squeezed out of those positions by a swift, albeit brief turnaround in the Turkish lira. A street money changer counts South African Rands in Harare, Zimbabwe, May 5, […]
Read More RABAT (Reuters) – Morocco’s trade deficit grew 12 percent to 66.105 billion dirhams ($7.01 billion) in the first four months of 2018 compared with same period a year earlier, the foreign exchange regulator said on Wednesday. A dragline carries untreated phosphate after being dropped off on a mountain at a phosphate mine at Boucraa factory […]
Read More ABUJA (Reuters) – Nigeria’s parliament passed a record 9.12 trillion naira ($29.8 billion) budget for 2018 on Wednesday aimed at boosting growth in west Africa’s biggest economy nine months before the country’s next presidential election. Nigeria’s Senate President Bukola Saraki speaks during an interview with Reuters in Abuja, Nigeria May 8, 2018. Picture taken May […]
Read More NAIROBI (Reuters) – The Kenyan shilling inched down on Wednesday with importer demand for dollars putting pressure on the currency, traders said. A teller serves a client with Kenya shilling notes at the cashier’s booth of a forex exchange bureau in Kenya’s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya At 1030 GMT, commercial banks quoted […]
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