News
Nigeria's NNPC ships first cargo of new Cawthorne crude
19+ hour, 25+ min ago (166+ words) ABUJA, April 8 (Reuters)Nigeria's state oil company NNPC has exported its first cargo of a new light crude grade, Cawthorne, to the Netherlands, the company said on Wednesday. NNPC is aiming to boost production and diversify its export streams as…...
South Africa's net foreign reserves fall to $73. 19 billion in March
4+ hour, 31+ min ago (70+ words) CNBC Africa South Africa's net foreign reserves fall to $73. 19 billion in March JOHANNESBURG, April 9 (Reuters) " South Africa's net foreign reserves fell to $73. 19 billion at the end of March from $75. 84 billion in February, central bank data showed on Thursday. Gross reserves…...
South Africa's strategic opportunity amid Strait of Hormuz disruption
19+ hour, 28+ min ago (954+ words) South Africa could be presented with a strategic opening to strengthen its position in global shipping lanes as disruption around the Strait of Hormuz sends shockwaves through international trade, but industry experts warn the country is still not fully equipped…...
Africa Face to Face: In Conversation with the Chief Executive Officer of Africa50, Alain Ebobiss
12+ hour, 54+ min ago (31+ words) CNBC Africa Africa Face to Face: In Conversation with the Chief Executive Officer of Africa50, Alain Ebobiss...
Kenya central bank pauses rate cuts to monitor effects of oil price surge
19+ hour, 31+ min ago (159+ words) CNBC Africa Kenya central bank pauses rate cuts to monitor effects of oil price surge NAIROBI, April 8 (Reuters) " Kenya's central bank paused its rate-cutting cycle on Wednesday, keeping "its benchmark lending rate (KECBIR=ECI), opens new tab "at 8. 75% as it…...
South Africa's cloud outsourcing and AI drive IT industry expansion
23+ hour, 51+ min ago (388+ words) South Africa is emerging as a serious contender in the global IT services market as demand accelerates for cloud computing, artificial intelligence and cybersecurity solutions, according to Emory Geosits, CEO of the Global IT Alliance, who said the country's technology…...
Countries around the world are considering teen social media bans " why experts warn it's a "lazy' fix
15+ hour, 36+ min ago (915+ words) Governments around the world are making efforts to crack down on teen social media use amid mounting evidence of potential harms, but critics argue blanket bans are an ineffective quick fix. It comes after Meta, the parent company of Facebook,…...
South Sudan's Kiir sacks parliament speaker and deputy
1+ day, 17+ hour ago (193+ words) NAIROBI, April 7 (Reuters)South Sudan President Salva Kiir has sacked the East African nation's speaker and deputy speaker of parliament, according to a decree read out in the parliament on Tuesday. Tulio Odongi Ayahu, chief whip of Kiir's ruling Sudan…...
Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments
21+ hour, 53+ min ago (256+ words) HARARE, April 8 (Reuters)Zimbabwe will introduce lithium concentrate export quotas and require commitments for more local processing as part of conditions to allow the resumption of mineral exports, the mines ministry has told producers. In a letter to the country's…...
Benin finance minister Wadagni seeks his own mandate in election
19+ hour, 39+ min ago (722+ words) COTONOU, April 8 (Reuters)Benin Finance Minister Romuald Wadagni is expected to make the leap from behind-the-scenes technocrat to head of state on Sunday when he runs as the strong favourite in a presidential election clouded by jihadist attacks in the…...