Tuesday, January 23, 2018

On the mon£y

Egypt renews contract for 12 mln barrels of Iraqi crude – EGPC official |...

CAIRO (Reuters) - Egypt this month renewed a contract to import 12 million barrels of Iraqi crude oil over the next year, an official at state petroleum buyer EGPC said on Sunday. The...

Libya’s NOC announces reopening of 50,000 bpd As-Sarah fields – statement | Investing Home

(Reuters) - Libya’s National Oil Corporation NOC announced on Sunday the reopening of the eastern As-Sarah oil fields, where more than 50,000 barrels per day (bpd) had been shut in by a blockade...

South African finmin says Treasury cannot afford Eskom bailout | Investing Home

JOHANNESBURG (Reuters) - South Africa’s Treasury cannot afford to bail out ailing state-run utility Eskom but will take unspecified action soon to tackle the company’s challenges, Finance Minister Malusi Gigaba said on Thursday....

Steinhoff secures 60 mln euros lifeline for European operations | Investing Home

FRANKFURT (Reuters) - Retailer Steinhoff’s South African lenders have backed a move to prop up its troubled European operations with liquidity from healthier South African subsidiaries as the group scrambles to close a...

Rwanda: Volkswagen Banks On Ride Hailing Service to Sell Cars in Rwanda

By Ivan R. Mugisha, Allan OlingoA taxi ride in Kigali will soon be in a brand new vehicle, off the manufacturing line of German carmaker Volkswagen after the firm decided to build a...

Nigeria passes major oil reform bill after 17 year struggle | Investing Home

LONDON/ABUJA (Reuters) - Nigeria has moved closer to turning an oil industry bill into law after a 17 year struggle to complete the legislation which aims to increase transparency and stimulate growth in...

Namibia: SA Poultry Producers Score in Supreme Court

By Roland RouthWindhoek — Three judges of the Supreme Court yesterday upheld an appeal lodged by the South African Poultry Association (SAPA) and five South African poultry producers against a ruling by Deputy...