LUANDA (Reuters) -Angola’s government said on Wednesday that the death toll from violent protests against a fuel price hike had risen to 22 from the previous day’s estimate of four. The unrest broke out on Monday when minibus taxi associations launched a three-day strike against a government decision to increase the price of diesel by …
Angola says death toll from fuel hike protests rises to 22 Read More »
LUSAKA (Reuters) -Zambia’s government wants to extend its International Monetary Fund programme another 12 months beyond its current expiry at the end of October, a cabinet statement said on Wednesday. The copper-rich Southern African nation has been trying to get its public finances back on track with IMF support after running up a huge debt …
Zambia wants to extend IMF loan programme by 12 months Read More »
By Marc Jones LONDON (Reuters) -Emerging markets are basking in the glow of their surprise rally this year, but major investors warn things may get tougher as countries finally learn their U.S. tariff fates and the dollar snaps out of its slump. U.S. President Donald Trump’s return with a re-energised Make America Great Again mantra …
Analysis-Emerging market revival hopes run into dollar difficulties Read More »
JOHANNESBURG (Reuters) -South Africa’s rand was flat in early trade on Wednesday, with mounting pressure on the country to ink a trade pact with the United States before Washington’s August 1 deadline. At 0705 GMT the rand traded at 17.8550 against the dollar, little changed from its previous close. South Africa’s trade minister said on …
Rand subdued as South Africa scrambles to secure US trade deal Read More »
By Ahmed Eljechtimi RABAT (Reuters) -Morocco’s King Mohammed VI urged on Tuesday the government to elaborate a new generation of reforms to ensure equal development between the country’s regions. “It is not acceptable for Morocco – today or at any time in the future – to be a two-speed country,” the king, who has final …
Morocco’s king calls for addressing regional inequalities Read More »
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -Global equities declined on Tuesday as U.S. investors awaited earnings reports due this week from megacap companies along with the Federal Reserve’s next policy decision, while oil prices jumped as the U.S. threatened China with higher tariffs if it keeps buying Russian oil. Oil prices soared by …
Shares retreat, euro dips, oil prices soar with tariffs in focus Read More »
By Duncan Miriri NAIROBI (Reuters) -The African Development Bank arm lending to low-income countries will start raising $5 billion from capital markets every three years from 2027, a senior bank official said on Tuesday, as donor countries such as the United States cut support. The Africa Development Fund (ADF) facility has provided $45 billion in …
AfDB’s African Development Fund hopes to start tapping capital markets in 2027 Read More »
RABAT (Reuters) -Morocco’s annual trade deficit widened by 18.4% to 162 billion dirhams ($17.8 billion) in the first six months of this year, the foreign exchange regulator said on Tuesday. Imports were up 8.9% from a year earlier to 398 billion dirhams, outweighing exports at 236 billion dirhams, up 3%, the regulator said in a …
Morocco’s first half trade deficit expands by 18.4% Read More »
LUANDA (Reuters) -Protests in Angola’s capital over a hike in the price of diesel turned violent on Monday, with local media reporting that several people had been killed and many arrested following looting incidents and clashes with police. The Southern African oil-producing country hiked the diesel price by one-third this month as part of a …
Angola fuel hike protests turn violent, local media report Read More »
BAMAKO (Reuters) -London-listed Endeavour Mining and two other gold producers have agreed to migrate to Mali’s new mining code, government officials said. The code, which raises taxes and seeks to hand over big stakes in mining assets to the state, sparked bitter disputes with mining companies after it was implemented in August 2023, helping drive …
Endeavour, two other gold producers sign on to Mali’s new mining code Read More »
