Investing

Uganda, Total reach agreement bringing crude pipeline construction closer

KAMPALA (Reuters) - Uganda and France’s Total have reached an agreement that will bring the oil firm and its partners closer to...

S.Africa’s Old Mutual scraps interim dividend after half-year loss

JOHANNESBURG (Reuters) - South Africa’s Old Mutual Ltd on Tuesday scrapped interim dividends, withdrew targets and warned of a drop in full-year...

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) - Egypt signed a $2 billion conventional and Islamic loan with several international and regional banks in a deal coordinated...

South Africa’s RCL Foods reports 65% profit drop but offers dividend

JOHANNESBURG- (Reuters) - South African food producer RCL Foods reported a 65.4% drop in annual headline earnings on Monday, as the COVID-19...

S.Africa’s Sun International falls to half-year loss

JOHANNESBURG (Reuters) - South Africa’s Sun International said on Monday it fell to a loss in the six months to June 30...

Kenya central bank to rule on 2020 dividend issuance by banks

NAIROBI (Reuters) - Kenya’s central bank will have to approve any plans by commercial lenders to issue dividends for this year, it...

Nigeria capital imports sink 79% in second quarter as economy shrinks

ABUJA (Reuters) - Nigeria’s capital imports plunged 78.6% in the second quarter year-on-year to $1.295 billion, the statistics office said, as lower...

South African drugmaker Aspen expects 7-11% full-year earnings growth

JOHANNESBURG (Reuters) - South Africa’s Aspen Pharmacare Holdings Ltd expects growth in its headline earnings per share (HEPS) from continuing operations of...

South Africa’s Massmart loss widens to over $65 mln as virus hits store sales

JOHANNESBURG (Reuters) - South African retailer Massmart Holdings Ltd said on Thursday its first-half headline loss widened to 1.1 billion rand ($65.21...

S.Africa approves AngloGold’s Harmony sale but with conditions

JOHANNESBURG (Reuters) - South Africa’s mines ministry has given the green light for the sale of AngloGold Ashanti’s last remaining assets in...

Sign up for free newsletters and get more CNBC delivered to your inbox