Reuters Africa Business

ABIDJAN (Reuters) -Rainfall was well below average last week across most of Ivory Coast’s main cocoa-growing regions, while a cold spell has raised concerns among farmers about potential crop damage that could reduce expectations for the October-to-March main crop, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, is in its rainy season …

Ivory Coast cocoa farmers warn of crop risks as rains fall short, cold spell hits Read More »

By Noel Randewich (Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will …

S&P 500, Nasdaq close at records; Deckers soars on UGG demand Read More »

(Reuters) -The International Monetary Fund said on Friday its executive board had completed a fifth review of Zambia’s loan programme, unlocking another disbursement of about $184 million. The fund said the loan programme would seek to “entrench macroeconomic stability, restore debt and fiscal sustainability, enhance public governance, and foster inclusive growth” for Zambia. The copper-rich …

IMF board approves Zambia programme review, unlocking about $184 million Read More »

By Colleen Goko JOHANNESBURG (Reuters) -South Africa’s National Treasury has issued a call for “innovative foreign currency financing solutions”, aiming to raise at least $500 million for the 2025/26 fiscal year, following parliament’s resolution of a protracted budget impasse that had threatened fiscal stability. The Treasury’s announcement on Friday follows the passage of the Appropriation …

South Africa seeks $500 million in forex funding after budget impasse ends Read More »