<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM-820x547.jpg" alt="" class="wp-image-529377" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM-768x513.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM.jpg 1200w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">David Eshun 45, co-owner of Bethel Brothers bakery, prepares to deliver baked bread from the Bethel Brothers bakery to customers in Accra, Ghana, March 8, 2022. Francis Kokoroko</figcaption></figure>



ACCRA, Sept 11 (Reuters) &#8211; Ghana&#8217;s consumer inflation slowed for a fifth consecutive month in August, to 20.4% year on year from 20.9% in July, the statistics service said on Wednesday.



Government statistician Samuel Kobina Annim told a news conference that the latest decline was partly due to a decline in food prices.



Although inflation has been easing, it remains well above the central bank&#8217;s medium term target of 8% with a margin of error of 2 percentage points either side.



Finance minister Mohammed Amin Adam said in July the West African nation&#8217;s inflation is expected slow to 15% by the end of 2024, adding that its economy was rebounding faster than expected.



The cocoa-, gold- and oil-producing West African country is battling to emerge from its worst economic crisis in a generation.



It invited holders of roughly $13 billion of its international bonds to swap their holdings for new instruments in an offer ending Sept. 30.



(Reporting by Maxwell Akalaare Adombila and Christian Akorlie; Writing by Anait Miridzhanian;Editing by Bate Felix)

https___cloudfront-us-east-2.images.arcpublishing.com_reuters_C2C5FTZETVK4ZMT6Y2MI4UTUYM

Ghana consumer inflation slows for fifth month in August

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg" alt="" class="wp-image-524644" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-768x512.jpg 768w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Uganda shillings. Uganda. (Photo by: Godong/Universal Images Group via Getty Images)</figcaption></figure>



KAMPALA, Sept 11 (Reuters) &#8211; The Ugandan shilling was stable on Wednesday, supported by muted demand for dollars as some players held onto their local currency to meet pending mid-month tax payments, traders said.



At 0933 GMT commercial banks quoted the shilling at 3,710/3,720, same level as Tuesday&#8217;s close.



(Reporting by Elias Biryabarema; Editing by Hereward Holland)

UGANDA SHILLING

Ugandan shilling stable as pending taxes offer support

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="540" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-820x540.jpg" alt="" class="wp-image-529340" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-820x540.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-300x198.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-137x90.jpg 137w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-768x506.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-1536x1011.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/S5LZY64NRJN3PBETOPLEHJD2FY-2-1-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: South Africa&#8217;s President, Cyril Ramaphosa, speaks during the launch of the new Sandvik Khomanani manufacturing site at Khomanani in Kempton Park, Johannesburg, South Africa, September 9, 2022. REUTERS/Siphiwe Sibeko/File Photo</figcaption></figure>



JOHANNESBURG, Sept 11 (Reuters)&nbsp;&#8211;&nbsp;South African President Cyril Ramaphosa&#8217;s office said he would sign into law a disputed education bill, prompting the first sign of real friction in his unity government when the second-biggest party said the move jeopardised the coalition deal.



Ramaphosa&#8217;s spokesperson called for restraint in response to the statement from the Democratic Alliance on Wednesday, saying there was no need to threaten the stability of government over a bill.



The DA entered into a coalition with Ramaphosa&#8217;s African National Congress and other smaller parties, despite strong ideological differences between them, after the ANC lost its parliamentary majority in a May election



The passing of the legislation would violate the agreements and understandings that formed the basis of the government of national unity, DA leader John Steenhuisen said in a statement.



&#8220;The DA regards this issue in the most serious light, and I will convey to the President the destructive implications it holds for the future of the GNU,&#8221; he said.



Steenhuisen did not spell out what the implications would be. He is due to address journalists in Cape Town on Thursday to outline what he sees as the DA&#8217;s role in the unity government.



Presidential spokesperson Vincent Magwenya said that disagreements over legislation were to be expected, and that the parties in government would be meeting on Wednesday evening to discuss a dispute resolution mechanism.



&#8220;There shouldn&#8217;t be any concern that each time there&#8217;s a dispute, the entire governance framework of this country will be under threat,&#8221; Magwenya told reporters in Cape Town.



&#8220;The president is not concerned about the GNU (government of national unity) collapsing,&#8221; he added.



The disputed bill makes several changes to basic education laws in South Africa. The clause that has caused the most controversy would strengthen government oversight over schools&#8217; language and admission policies, touching on a sensitive debate about racial integration.



The ANC says some children are still excluded from schools based on language, which has been used as a proxy for race, and that the legislation will help prevent that.



The DA has defended the right of school governing bodies to determine their language policies, citing the&nbsp;importance of mother-tongue education.



Although the bill does not name any specific language or group, some of its strongest opposition has come from South Africa&#8217;s white Afrikaans-speaking community, with interest group AfriForum saying it threatens the survival of Afrikaans schools.



The DA&#8217;s statement followed a presidency statement saying that Ramaphosa would sign into law the Basic Education Laws Amendment (BELA) bill on Friday in a ceremony at the Union Buildings, the seat of government in the capital Pretoria.



(Reporting by Nellie Peyton; Additional reporting by Tannur Anders; Editing by Alexander Winning, Ros Russell and Mark Porter)

FILE PHOTO: South African President Cyril Ramaphosa attends the launch of the new Sandvik Khomanani manufacturing site

South Africa’s coalition government sees first real friction over education bill

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="511" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-820x511.jpg" alt="" class="wp-image-460080" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-820x511.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-300x187.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-144x90.jpg 144w, https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-768x478.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-1536x957.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/02/VUWEHZ7LJVPHXABMJEQQZHIP5M-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration</figcaption></figure>



Sept 11 (Reuters)&nbsp;&#8211;&nbsp;Nigeria&#8217;s government raised $900 million in its first ever domestic dollar bond sale, the coordinator for the issue said on Wednesday, as it sought to diversify funding sources and avoid elevated yields in international capital markets.



The bond sale will be a welcome source of hard currency for Africa&#8217;s largest economy which has experienced crippling dollar shortages that have forced the central bank to devalue the naira twice in less than a year.



The five-year domestic dollar bond comes with a coupon of 9.75%, the coordinator Africa Finance Corporation said in a statement, and received a subscription rate of 180%.



Appetite for the bond showed &#8220;the benefits of African nations looking inward to tap the deep pool of domestic capital on the continent and taking the lead in financing their own development,&#8221; said Banji Fehintola, Executive Director at AFC.



Proceeds of the bond will be invested in &#8220;critical sectors&#8221; of the economy, AFC said, without giving more details.



Although frontier issuers like Kenya have been able to raise cash from international capital markets this year, they have been forced to pay interest rates of above 10%.



Nigeria&#8217;s 2029 international dollar bond currently yields 9.7%, indicating it might face double digits if it were to tap international bond markets though analysts have said the country can afford to wait longer before doing so.



The domestic dollar bond targeted local investors, pension funds and Nigerians living abroad, whose investments were expected to support the local naira currency.



Domestic and diaspora investors are usually stickier, leaving such securities less prone to big in- and outflows.



Investors will be able to trade the bond when it is listed locally on two exchanges, AFC said.



(Reporting by Libby George and Duncan Miriri; Writing by Alexander Winning; Editing by Karin Strohecker and Christina Fincher)

FILE PHOTO: Illustration shows U.S. dollar banknotes

Nigeria raises $900 mln in inaugural domestic dollar bond

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="740" height="416" src="https://cms.cnbcafrica.com/wp-content/uploads/2020/09/103026087-Rand.jpg" alt="Waldo Swiegers | Bloomberg | Getty Images" class="wp-image-381748" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2020/09/103026087-Rand.jpg 740w, https://cms.cnbcafrica.com/wp-content/uploads/2020/09/103026087-Rand-300x169.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2020/09/103026087-Rand-696x391.jpg 696w" sizes="auto, (max-width: 740px) 100vw, 740px" /><figcaption class="wp-element-caption">Waldo Swiegers | Bloomberg | Getty Images
</figcaption></figure>



JOHANNESBURG, Sept 11 (Reuters)&nbsp;&#8211;&nbsp;The South African rand edged higher against a weaker dollar in early trade on Wednesday, with the greenback on the defensive after a combative&nbsp;U.S. presidential debate.



Traders were also waiting nervously for a key U.S. inflation report later in the day that could provide clues on how aggressively the Federal Reserve cuts rates next week.



At 0600 GMT, the rand traded at 17.9050 against the dollar, about 0.2% stronger than Tuesday&#8217;s closing level.



The dollar was down around 0.3% against a basket of peers, as&nbsp;some currency analysts&nbsp;saw Kamala Harris winning the debate against rival Donald Trump.



Investors broadly see the dollar strengthening in the event of a victory by Trump, as tariffs might prop up the currency and higher fiscal spending could boost interest rates.



With no major economic data due in South Africa on Wednesday, the rand is likely to take its direction from moves on global markets.



South Africa&#8217;s benchmark 2030 government bond&nbsp;gained in early deals, with the yield down 5 basis points to 8.965%.



(Reporting by Alexander Winning; Editing by Andrew Heavens)

Waldo Swiegers | Bloomberg | Getty Images

South African rand edges higher as dollar dips after US election debate

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="357" src="https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1.jpg" alt="" class="wp-image-400669" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1.jpg 612w, https://cms.cnbcafrica.com/wp-content/uploads/2021/04/istockphoto-1030878162-612x612-1-300x175.jpg 300w" sizes="auto, (max-width: 612px) 100vw, 612px" /><figcaption class="wp-element-caption">World map with charts and graphs as symbols of global finance</figcaption></figure>



NAIROBI, Sept 11 (Reuters) &#8211; The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.



<h2 class="wp-block-heading" id="h-events">EVENTS:</h2>



West Africa&#8217;s central bank, the BCEAO, is expected to announce its rate decision.



The Kenya Aviation Workers’ Union are due to start a strike notice on Wednesday about the planned lease of airport operations to the Indian company Adani Holdings.



<h2 class="wp-block-heading" id="h-global-markets">GLOBAL MARKETS</h2>



Asian markets wobbled and U.S. stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited U.S. presidential debate.



<h2 class="wp-block-heading" id="h-world-oil-prices">WORLD OIL PRICES</h2>



Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand.



<h2 class="wp-block-heading" id="h-south-africa-markets">SOUTH AFRICA MARKETS</h2>



The South African rand weakened alongside other emerging market currencies on Tuesday, with markets looking to Wednesday&#8217;s U.S. inflation print for clues about the Federal Reserve&#8217;s interest rate path.



<h2 class="wp-block-heading" id="h-kenya-markets">KENYA MARKETS</h2>



The Kenyan shilling was broadly steady against the U.S. dollar on Tuesday, with the supply of foreign exchange matched by demand from all sectors in a muted session, traders said.



<h2 class="wp-block-heading" id="h-kenya-strike">KENYA STRIKE</h2>



The biggest union of Kenya&#8217;s aviation workers plans to go on strike on Wednesday to protest against a proposed deal for India&#8217;s Adani Group to lease the country&#8217;s main airport for 30 years in exchange for expanding it, a union official said on Tuesday.



<h2 class="wp-block-heading" id="h-nigeria-floods">NIGERIA FLOODS</h2>



Floods in north Nigeria have killed more than 80% of animals in a large zoo with an array of wildlife from lions and crocodiles to buffaloes and ostriches, the facility said on Tuesday.



((Compiled by Nairobi Newsroom))

World map with charts and graphs as symbols of global finance

African Markets – Factors to watch on Sept 11

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1333" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-scaled.jpg" alt="" class="wp-image-481529" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-scaled.jpg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-300x195.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-820x534.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-138x90.jpg 138w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-768x500.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/04/GettyImages-154793123-1536x1000.jpg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /><figcaption class="wp-element-caption">A visitor descends stairs outside the offices of Anglo American Plc in the Marshalltown district of Johannesburg, South Africa, on Friday, Oct. 26, 2012. Anglo American Plc Chief Executive Officer Cynthia Carroll , the first woman, external hire and non-South African to hold the job, will quit after Anglo lost $14 billion in value in the more than five years she was in charge. Photographer: Chris Ratcliffe/Bloomberg via Getty Images</figcaption></figure>



Sept 11 (Reuters) &#8211; Miner Anglo American on Wednesday said one of its subsidiaries has raised 7.2 billion rand ($403.21 million) from the sale of about a 5.3% stake in Anglo American Platinum (Amplats) as part of a share sale program that launched a day earlier.



Anglo American South Africa Proprietary Limited sold 13.9 million Amplats shares for $28.84 per share, the miner said.



An accelerated bookbuild offering of about 13 million shares of Amplats was launched on Tuesday, ahead of the South African unit&#8217;s demerger expected next year.



&#8220;The placing is intended to broaden the free float of Anglo American Platinum, reduce the number of shares distributed to Anglo American shareholders upon demerger and thereby reduce flowback following the demerger,&#8221; Anglo American said.



Amplats CEO Craig Miller had said in July that the company was planning a secondary listing in London.



($1 = 17.8824 rand)



(Reporting by Aatrayee Chatterjee and Yamini Kalia in Bengaluru; Editing by Shreya Biswas and Mrigank Dhaniwala)

Anglo American Plc’s South African Headquarters As CEO Cynthia Carroll Quits

Anglo American nets over $400 mln from platinum unit share sale amid demerger plans

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="728" height="448" src="https://cms.cnbcafrica.com/wp-content/uploads/2022/11/VZR7ERWAWBPMBAR7E4PB4GBYGY.jpg" alt="" class="wp-image-421144" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2022/11/VZR7ERWAWBPMBAR7E4PB4GBYGY.jpg 728w, https://cms.cnbcafrica.com/wp-content/uploads/2022/11/VZR7ERWAWBPMBAR7E4PB4GBYGY-300x185.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2022/11/VZR7ERWAWBPMBAR7E4PB4GBYGY-146x90.jpg 146w" sizes="auto, (max-width: 728px) 100vw, 728px" /><figcaption class="wp-element-caption">Kenya Airways planes are seen through a window as the Jomo Kenyatta international airport reopens after flights were suspended following the coronavirus disease (COVID-19) outbreak in Nairobi, Kenya August 1, 2020. REUTERS/Njeri Mwangi/File Photo</figcaption></figure>



NAIROBI, Sept 11 (Reuters) &#8211; Workers at Kenya&#8217;s main international airport began a strike on Wednesday, blowing plastic trumpets and scuffling with police in a protest against an Indian company that caused flight cancellations and delays for hundreds of passengers.



Dozens of workers at Nairobi&#8217;s Jomo Kenyatta International Airport chanted &#8220;Adani must go&#8221; in reference to a proposed deal for the Adani Group to lease it for 30 years in exchange for $1.85 billion investment in expansion.



Outside the terminals, passengers sat on curbs and luggage trolleys waiting for updates on flights as departure and arrival boards were shut off.



&#8220;It&#8217;s very poor,&#8221; said one passenger, Ahmed Abdulrahman, recounting a six-hour wait.



&#8220;Nobody is coming out to tell us anything, whether we should leave or look for a hotel or something. I have a little child here waiting hungrily,&#8221; added Warda Omar, standing next to her child.



TV footage showed one police officer hitting a protester with a baton. By midday, lines were moving again, as police conducted security checks instead of airport staff.



It was unclear how many workers were taking part in the strike, which has been declared indefinite, or how much disruption had been caused.



Major regional carriers Kenya Airways, Ethiopian Airlines and RwandAir reported flight cancellations and delays.



<h2 class="wp-block-heading" id="h-job-losses">JOB LOSSES</h2>



The Kenya Aviation Workers Union argues that a deal with Adani would lead to job losses and bring in non-Kenyan workers.



Kenya&#8217;s government has said the airport is operating above capacity and needs modernising but that it is not for sale. It says no decision has been made on what it calls a proposed public-private partnership to upgrade the site.



The Kenya Airports Authority, which is responsible for managing the airport, said minimal operations at Jomo Kenyatta had resumed by 7 a.m. (0400 GMT) and it was engaging with relevant parties to normalise the situation.



The strike spread to workers at regional airports in the cities of Kisumu and Mombasa, the Nation newspaper reported.



Kenya&#8217;s high court on Monday temporarily blocked the Adani proposal, in which it would build a new runway and upgrade the passenger terminal, to allow time for a judicial review.



(Reporting by Hereward Holland, Humphrey Malalo and Edwin Waita; editing by Elaine Hardcastle and Andrew Cawthorne)

VZR7ERWAWBPMBAR7E4PB4GBYGY

Protest against India’s Adani causes chaos at Kenya’s main airport

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="800" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/TJORLERHRFO4NIRPMFSZ32CFMA.jpg" alt="" class="wp-image-529012" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/TJORLERHRFO4NIRPMFSZ32CFMA.jpg 800w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/TJORLERHRFO4NIRPMFSZ32CFMA-300x205.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/TJORLERHRFO4NIRPMFSZ32CFMA-132x90.jpg 132w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/TJORLERHRFO4NIRPMFSZ32CFMA-768x525.jpg 768w" sizes="auto, (max-width: 800px) 100vw, 800px" /><figcaption class="wp-element-caption">FILE PHOTO: An oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo</figcaption></figure>



LONDON, Sept 10 (Reuters)&nbsp;&#8211;&nbsp;OPEC on Tuesday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next year, marking the producer group&#8217;s second consecutive downward revision.



The Organization of the Petroleum Exporting Countries in a monthly report said world oil demand will rise by 2.03 million barrels per day (bpd) in 2024, down from growth of 2.11 million bpd it expected last month.



There is a wider than usual split between forecasters on the strength of oil demand growth in 2024, partly due to differences over China and more broadly over the pace of the world&#8217;s transition to cleaner fuels. The reduction still leaves OPEC at the top end of industry estimates.



&#8220;Looking ahead, China&#8217;s economic growth is expected to remain well supported,&#8221; OPEC said in the report.



&#8220;However, headwinds in the real estate sector and the increasing penetration of LNG trucks and electric vehicles are likely to weigh on diesel and gasoline demand going forward.&#8221;



OPEC also cut its 2025 global demand growth estimate to 1.74 million bpd from 1.78 million bpd.



(Reporting by Alex Lawler; editing by Jason Neely)

FILE PHOTO: An oil pump jack outside Almetyevsk, Russia

OPEC again lowers 2024, 2025 global oil demand growth view

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-820x547.jpg" alt="" class="wp-image-510212" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532392-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A worker at a foreign exchange currency bureau counts 1000 Ugandan shilling banknotes in Kampala, Uganda, on Wednesday, Aug. 16, 2023. Uganda&#8217;s central bank said it stands ready to act if the World Bank&#8217;s decision to halt new funding over the country&#8217;s passage of anti-LGBTQ legislation impacts the currency further. Photographer: Luke Dray/Bloomberg via Getty Images</figcaption></figure>



KAMPALA, Sept 10 (Reuters) &#8211; The Ugandan shilling was a notch firmer on Tuesday, with appetite for hard currency muted across both commercial banks and merchandise importers, traders said.



At 0930 GMT commercial banks quoted the shilling at 3,710/3,720, compared to Monday&#8217;s close of 3,714/3,724.



(Reporting by Elias Biryabarema; Editing by Hereward Holland)

Ugandan Economy Following Rate Cut

Ugandan shilling trades slightly firmer on muted demand

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="425" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/06/ANCK25OQIFMHTJYACOM5XU5T24.jpg" alt="" class="wp-image-498541" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/06/ANCK25OQIFMHTJYACOM5XU5T24.jpg 720w, https://cms.cnbcafrica.com/wp-content/uploads/2024/06/ANCK25OQIFMHTJYACOM5XU5T24-300x177.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/06/ANCK25OQIFMHTJYACOM5XU5T24-152x90.jpg 152w" sizes="auto, (max-width: 720px) 100vw, 720px" /><figcaption class="wp-element-caption">Kenya shilling coins and notes are pictured inside a cashier&#8217;s booth at a forex exchange bureau in Kenya&#8217;s capital Nairobi, April 20, 2016. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, Sept 10 (Reuters) &#8211; The Kenyan shilling was broadly steady against the U.S. dollar on Tuesday, with the supply of foreign exchange matched by demand from all sectors in a muted session, traders said.



As of 0849 GMT, data from London Stock Exchange Group (LSEG) indicated the shilling trading at 128.30/129.30 to the dollar, slightly different from Monday&#8217;s close of 128.25/129.25.



&#8220;There&#8217;s not much activity happening. There&#8217;s just enough demand for the supply,&#8221; a trader at a commercial bank said.



The shilling has been relatively stable for several months, after a strong rally in the first half of 2024 as concerns eased that the East African country would default on a $2 billion Eurobond that matured in June.



(Reporting by Hereward Holland; Editing by Bate Felix)

ANCK25OQIFMHTJYACOM5XU5T24

Kenyan shilling broadly steady in balanced market

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="2048" height="1366" src="https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-scaled.jpg" alt="" class="wp-image-424765" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-scaled.jpg 2048w, https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2023/05/YCD2FHWTRZP6DDDGNUZALMARSY-1536x1025.jpg 1536w" sizes="auto, (max-width: 2048px) 100vw, 2048px" /><figcaption class="wp-element-caption">FILE PHOTO: A small toy figure and gold imitation are seen in front of the AngloGold Ashanti logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo</figcaption></figure>



Sept 10 (Reuters) &#8211; AngloGold Ashanti will buy Egypt-focused smaller rival Centamin in a $2.5 billion stock and cash deal, the companies said on Tuesday, as the U.S.-listed global miner expands its operations in Africa.



Shares in Centamin jumped about 24% to 148.10 pence in early trade, their highest level since October 2020. Shares in Centamin&#8217;s London-listed peer Hochschild rose about 4%.



Under the terms of the deal, Centamin shareholders will receive 0.06983 new AngloGold shares for each Centamin share and $0.125 in cash.



The implied 163 pence ($2.14) per share offer represents a premium of 36.7% to Centamin&#8217;s Monday closing price of 120 pence, the companies said in a statement.



The acquisition coincides with a flurry of deal activity in the gold mining sector over the past couple of years, with the world&#8217;s top gold producer Newmont buying Australia&#8217;s Newcrest Mining for $16.8 billion in late 2023.



In May, miner BHP Group walked away from its $49 billion plan to take over rival Anglo American after its last-ditch request for more time was rejected by the London-listed firm, ending its six-week pursuit for now.



Following the completion of the Centamin deal, it is expected that AngloGold shareholders will own about 83.6% and Centamin shareholders about 16.4% of AngloGold Ashanti&#8217;s enlarged issued share capital.



AngloGold Ashanti said it expects the deal to be accretive to free cash flow per share in the first full year post completion of the transaction.



Terming the deal &#8220;highly compelling&#8221;, AngloGold Ashanti Chair Jochen Tilk said the acquisition offers &#8220;enormous geological potential&#8221; that the company is well placed to develop.



Centamin&#8217;s principal asset is the Sukari gold mine, which is Egypt&#8217;s largest gold mine as well as one of the world&#8217;s largest producing mines.



Adding Sukari&#8217;s annual output of 450,000 ounces would push AngloGold&#8217;s yearly production above 3 million ounces, making it the fourth largest gold producer in the world by volume, behind Newmont, Barrick Gold and Agnico Eagle.



The Centamin acquisition also expands AngloGold&#8217;s portfolio to yet another key gold producing region. It currently has assets in nine countries &#8211; Tanzania, the Democratic Republic of Congo, Ghana, Guinea, Australia, the U.S., Brazil, Argentina and Colombia.



The Centamin board said it intends to unanimously recommend the deal to its shareholders.



($1 = 0.7634 pounds)



(Reporting by Aby Jose Koilparambil in Bengaluru, additional reporting by Nelson Banya; Editing by Sonia Cheema, Miral Fahmy, Jan Harvey and David Evans)

FILE PHOTO: Small toy figure and gold imitation are seen in front of the AngloGold Ashanti logo in this illustration

AngloGold Ashanti to buy Centamin in $2.5 billion deal

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="567" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-820x567.jpg" alt="" class="wp-image-502655" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-820x567.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-300x208.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-130x90.jpg 130w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-768x531.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-1536x1063.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/TAKTGYGGUFIUFGNJON3QOOIO24-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">South African Rand coins are seen in this illustration picture taken October 30, 2020. REUTERS/Mike Hutchings/File Photo</figcaption></figure>



JOHANNESBURG, Sept 10 (Reuters)&nbsp;&#8211;&nbsp;The South African rand gained in early trade on Tuesday, ahead of domestic manufacturing data for July.



At 0618 GMT the rand traded at 17.8350 against the dollar, about 0.2% firmer than its previous close.



Statistics South Africa is due to publish the country&#8217;s manufacturing production data for July at 1100 GMT.



Economists polled by Reuters predict the manufacturing sector will register year-on-year growth after declining in June, reflecting volatile conditions in a key sector of Africa&#8217;s most industrialised economy.



The rand is also likely to take direction from dollar movements as markets await a U.S. inflation report on Wednesday for more clues about the size of a predicted Federal Reserve cut to interest rates next week.



South Africa&#8217;s benchmark 2030 government bond was firmer in early deals, with the yield slipping by 1 basis point to 9.01%.



(Reporting by Tannur Anders; Editing by David Goodman)

South African Rand coins are seen in this illustration picture

South African rand firms ahead of manufacturing data

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="612" height="408" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-1.jpg" alt="" class="wp-image-524600" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-1.jpg 612w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-1-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/istockphoto-1076949610-612x612-1-1-135x90.jpg 135w" sizes="auto, (max-width: 612px) 100vw, 612px" /></figure>



JOHANNESBURG, Sept 10 (Reuters)&nbsp;&#8211;&nbsp;The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.



<h2 class="wp-block-heading" id="h-economic-events">ECONOMIC EVENTS</h2>



South Africa&#8217;s government will hold its weekly auction of long-term bonds.



Statistics South Africa will publish manufacturing production data for July.



<h2 class="wp-block-heading" id="h-south-african-markets">SOUTH AFRICAN MARKETS</h2>



The South African rand slipped against a stronger dollar on Monday, with looming U.S. data likely to dictate currency moves this week.



On the Johannesburg Stock Exchange, the blue-chip Top-40 index closed slightly stronger, up 0.07%.



<h2 class="wp-block-heading" id="h-global-markets">GLOBAL MARKETS</h2>



Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood.



<h2 class="wp-block-heading" id="h-wall-street">WALL STREET</h2>



Wall Street&#8217;s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week&#8217;s sell-off while they also waited for inflation reports in coming days and the Federal Reserve&#8217;s next policy decision next week.



<h2 class="wp-block-heading" id="h-gold">GOLD</h2>



Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve&#8217;s interest rate reduction next week.



&#8211; &#8211; &#8211; &#8211;



Some of the main stories out in the South African press:



<h2 class="wp-block-heading" id="h-business-day">BUSINESS DAY</h2>



&#8211; Transnet’s R26bn trade-off to privatise Durban terminal



<h2 class="wp-block-heading" id="h-fin-24">FIN 24</h2>



&#8211; Godongwana fires broadside at financial sector as Land Bank ends default



(Compiled by Tannur Anders)

istockphoto-1076949610-612×612-1

South African Markets – Factors to watch on Sept 10

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="528" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-820x528.jpg" alt="" class="wp-image-528940" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-820x528.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-300x193.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-140x90.jpg 140w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-768x494.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-1536x989.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/AXA5KIAGZVICZP4VWXIIUYZFF4-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">A Kenya Airports Authority worker inspects planes during an auction after previous owners abandoned them at the Jomo Kenyatta International Airport in Nairobi, Kenya, November 17, 2021. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, Sept 10 (Reuters)&nbsp;&#8211;&nbsp;Kenya&#8217;s high court has temporarily blocked a proposed deal for India&#8217;s Adani Group to lease the country&#8217;s main airport for 30 years in exchange for expanding it, court documents showed.



In a joint application, the Law Society of Kenya (LSK), the country&#8217;s main bar association, and the Kenya Human Rights Commission (KHRC) told the court on Monday that the country could independently raise the $1.85 billion required to upgrade the airport in the capital Nairobi.



LSK and KHRC said the alleged 30-year lease of Jomo Kenyatta International Airport (JKIA), East Africa&#8217;s largest aviation hub, was unaffordable, threatened job losses, was a fiscal risk and did not offer taxpayers value for money, court documents published by the KHRC on their website showed.



The high court granted the request for leave to file a judicial review to challenge the possible lease of JKIA to Adani, LSK President Faith Odhiambo wrote on the social media platform X late on Monday.



&#8220;The court has meanwhile issued a stay prohibiting any person from implementing or acting on the privately initiated Adani proposal over JKIA pending the conclusion of the court case,&#8221; Odhiambo said.



The Adani Group did not immediately respond to a Reuters request for comment.&nbsp;A spokesperson for the Kenya Airports Authority told Reuters: &#8220;We are not going to comment on matters in court.&#8221;



Last month, the Kenya Aviation Workers Union called for a strike over the proposed deal, saying that it would lead to job losses and bring in non-Kenyan workers.



Kenya&#8217;s government has said the airport is operating above capacity and needs modernising but that it is not for sale and that no decision has been made on whether to proceed with what it calls a proposed public-private partnership to upgrade the&nbsp;site.



It said in July that Adani&#8217;s offer was being reviewed. If a deal is agreed, the government said there would be safeguards to ensure Kenya&#8217;s national interests are protected.



(Reporting by Maria Ponnezhath in Bengaluru; Editing by Sherry Jacob-Phillips, Mrigank Dhaniwala, Michael Perry and Jason Neely)

A Kenya Airports Authority worker inspects planes during an auction after previous owners abandoned them at the Jomo Kenyatta International Airport in Nairobi

Kenyan court halts proposed Adani lease of country’s main airport

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="512" src="https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-820x512.jpg" alt="" class="wp-image-428950" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-820x512.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-300x187.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-144x90.jpg 144w, https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-768x480.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-1536x960.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2023/11/E3N5RWFN2JI4PNEOQDCLQKKFOU-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo</figcaption></figure>



PRETORIA, Sept 9 (Reuters)&nbsp;&#8211;&nbsp;The European Union on Monday pledged to give South Africa two grants worth about $35 million to accelerate its green hydrogen plans.



Green hydrogen projects use renewable energy to split water into hydrogen and oxygen, making fuel that can be used across industries such as transport, petrochemicals and steel.



The first EU grant, worth 140 million rand ($7.8 million), is to help struggling South African state company Transnet with infrastructure costs, supporting railways, ports, pipelines and other logistics.



The other grant, for 25 million euros ($27.6 million), will help Africa&#8217;s most industrialised economy develop its green hydrogen value chain.



Green hydrogen is seen as critical to decarbonisation efforts in South Africa and Europe.



European countries have been investing in green hydrogen projects across Africa to secure future supplies of the fuel.



&#8220;These two European Union grants will be implemented in a way so that they contribute to South Africa&#8217;s strategic objectives,&#8221; Kadri Simson, European commissioner for energy, told reporters in Pretoria, South Africa&#8217;s administrative capital.



&#8220;We think that green hydrogen provides some of the best opportunities for the country to really industrialise,&#8221; said Kgosientsho Ramokgopa, South Africa&#8217;s minister of energy and electricity.



($1 = 17.8837 rand)



($1 = 0.9060 euros)



(Reporting by Nellie Peyton; Writing by Tannur Anders; Editing by Alexander Winning)

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels

EU gives South Africa $35 mln in grants for green hydrogen plans

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="481" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-820x481.jpg" alt="" class="wp-image-528628" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-820x481.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-300x176.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-153x90.jpg 153w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-768x451.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-1536x901.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/09/BUXLYABONJPIFOV4PL2HM4W7WQ-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: People are seen at the entrance of the Sun International&#8217;s Times Square Casino in South Africa&#8217;s administrative capital Pretoria, June 29, 2020. REUTERS/Siphiwe Sibeko</figcaption></figure>



JOHANNESBURG, Sept 9(Reuters)&nbsp;&#8211;&nbsp;Sun International&nbsp;SUIJ.J&nbsp;reported a 9.1% rise in first-half earnings on Monday, as record growth&nbsp;in&nbsp;the South African casino and hotel group&#8217;s betting business helped drive its income.



The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share &#8211; its main profit measure &#8211; rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier.



Shares were trading 3.35% higher at 1014 GMT on the results.



Sunbet was the stand-out with a 71.8% rise in income to 512 million rand. Sun International, which achieved mixed results across its segments, said in a statement its urban casino income &#8211; its biggest revenue generator &#8211; was flat at 3.3 billion rand.



&#8220;The gaming industry is experiencing dynamic changes and Sun International, through Sunbet, will continue leveraging its strong brand and market presence to expand our customer base and enter new online markets across Africa,&#8221; Sun International said.



The group said expected interest rate cuts would lift its business outlook and create a more favourable operating environment in the medium to long term.



It declared an interim dividend of 1.61 rand per share.



($1 = 17.9079 rand)



(Reporting by Sfundo Parakozov; Editing by David Goodman and Alexander Smith)

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South African Markets – Factors to watch on Sept 10

Kenyan court halts proposed Adani lease of country’s main airport

EU gives South Africa $35 mln in grants for green hydrogen plans

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Reuters

Ghana consumer inflation slows for fifth month in August

Ugandan shilling stable as pending taxes offer support

South Africa’s coalition government sees first real friction over education bill

Nigeria raises $900 mln in inaugural domestic dollar bond

South African rand edges higher as dollar dips after US election debate

African Markets – Factors to watch on Sept 11

Anglo American nets over $400 mln from platinum unit share sale amid demerger plans

Protest against India’s Adani causes chaos at Kenya’s main airport

OPEC again lowers 2024, 2025 global oil demand growth view

Ugandan shilling trades slightly firmer on muted demand

Kenyan shilling broadly steady in balanced market

AngloGold Ashanti to buy Centamin in $2.5 billion deal

South African rand firms ahead of manufacturing data

South African Markets – Factors to watch on Sept 10

Kenyan court halts proposed Adani lease of country’s main airport

EU gives South Africa $35 mln in grants for green hydrogen plans

Sun City owner’s profit jumps on big betting gains

News Tips

Advertise With Us

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