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Monthly archive

Sudan Lifts Threat To Block South Sudan Oil, Foes Vow To Mend Ties

South Sudan President Salva Kiir speak to President of Sudan Omar Hassan Al-Bashir
South Sudan President Salva Kiir speak to President of Sudan Omar Hassan Al-Bashir at Khartoum Airport, September 3, 2013. PHOTO BY Reuters.
By Khalid Abdelaziz
03/09/2013

KHARTOUM (Reuters) - Sudan lifted a threat to block oil exports from its old enemy South Sudan, as the leaders of the African neighbours met on Tuesday and promised to end their festering conflicts

South Africa's Business Confidence Dips, Strikes Hit Sentiment

An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton September 23, 2008. PHOTO BY REUTERS/Siphiwe Sibeko.
03/09/2013

JOHANNESBURG (Reuters) - Business confidence in South Africa edged lower to 90.5 in August from 90.7 in July as labour unrest, fragile economic growth, rising inflation and a weaker rand have hit s

Uganda Raises Key Lending Rate To 12 Percent: Central Bank

03/09/2013

KAMPALA (Reuters) - Uganda's central bank unexpectedly raised its benchmark lending rate by 100 basis points to 12 percent on Tuesday, citing above-target core inflation.

Debut Kenyan Eurobond Could Reach $2 Billion, Says Minister

Kenya's Cabinet Secretary of National Treasury (Finance Minister) Henry Rotich holds up a briefcase containing the Government Budget for the 2013/14 fiscal year outside his office in Nairobi, June 13, 2013. PHOTO BY REUTERS/Thomas Mukoya.
By Kevin Mwanza
03/09/2013

NAIROBI (Reuters) - Kenya could seek as much as $2 billion dollars from its debut Eurobond issue, double the previously stated $1 billion, the country's finance minister said on Tuesday.

South Africa's Rand Steady Ahead Of Gold Strike

A five rand coin is displayed by a South African Reserve Bank employee in a file photo. PHOTO BY REUTERS/Juda Ngwenya.
03/09/2013

JOHANNESBURG (Reuters) - South Africa's rand was steady against the dollar on Tuesday ahead of a strike in the gold sector and a week of key data releases in the United States.

Kenya's Mumias Sugar Falls To $26 Mln Full-Year Loss

A worker arranges packets of sugar on a conveyor belt at the Mumias sugar factory in western Kenya, April 29, 2010. PHOTO BY REUTERS/Noor Khamis.
By Richard Lough
03/09/2013

NAIROBI (Reuters) - Kenya's Mumias Sugar fell to a 2.24 billion shilling pretax loss in the year through June, the company said on Tuesday, blaming higher regional supplies and cheap imports for a

Ecobank CEO Forgoes Bonus Pending Nigeria Investigation

03/09/2013

LAGOS (Reuters) - The CEO of African lender Ecobank has forgone his bonus as part of efforts to rebuild confidence after Nigeria's SEC said it was investigating corporate governance issues at the b

IMIC Signs Chinese Iron Ore Off Take Agreement For Nkout

03/09/2013

LONDON (Reuters) - Africa-focused mining and infrastructure firm IMIC said on Monday it signed an offtake agreement with Chinese group Hebei Iron and Steel for iron ore produced from the Nkout proj

Eni In New Mozambique Offshore Gas Discovery

03/09/2013

MILAN (Reuters) - Italian oil and gas company Eni said on Tuesday it made a new discovery at its Area 4 offshore Mozambique gas field, and preliminary tests showed it contained between five to seve

Shock Federer Loss Dashes First Nadal Meeting

Roger Federer of Switzerland waves as he walks off the court after losing in three sets to Tommy Robredo of Spain at the U.S. Open
Roger Federer of Switzerland waves as he walks off the court after losing in three sets to Tommy Robredo of Spain at the U.S. Open tennis championships in New York September 2, 2013. PHOTO BY REUTERS/Ray Stubblebine.
By Julian Linden
03/09/2013

NEW YORK (Reuters) - Roger Federer suffered a shock loss to Tommy Robredo at the U.S.