Reuters Africa Business Archives - Page 13 of 921

Oil settles up on expectations of Fed rate cut, Ukraine peace talks stalling

4 Dec 2025 4 Dec 2025

By Georgina McCartney HOUSTON, Dec 4 (Reuters) – Oil prices settled up on Thursday on investors’ expectations for the Federal Reserve to cut interest rates, while stalled Ukraine peace talks tempered expectations of a deal restoring Russian oil flows. Brent crude settled up 59 cents, or 0.94%, to $63.26. U.S. West Texas Intermediate settled up …

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US signs pact with Kenya under ‘America First’ global health plan

4 Dec 2025 4 Dec 2025

By Simon Lewis WASHINGTON, Dec 4 – The U.S. will provide more than $1.6 billion to Kenya’s health system under a new five-year agreement signed on Thursday, the first such agreement reached under the Trump administration’s overhaul of foreign aid. The administration in September announced a new “America First Global Health Strategy” that calls for …

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Nigeria approves $128 million payment for gas debts in bid to boost power supply

4 Dec 2025 4 Dec 2025

By Camillus Eboh ABUJA, Dec 4 (Reuters) – Nigeria has approved the payment of 185 billion naira ($128 million) in longstanding debts owed to gas producers for supplies to power generators, aiming to restore confidence in the energy market and improve electricity supply. The National Economic Council, chaired by the vice president, approved the decision …

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Stocks higher, dollar to extend losing streak, as markets weigh rate cuts

4 Dec 2025 4 Dec 2025

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) – Global shares edged up on Thursday, powered by expectations that a U.S. rate cut will support the world’s largest economy after data showed employment is slowing, while the dollar was lower and poised for its 10th straight day of losses against a basket …

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IMF: Senegal loan progressing, review underway into how it missed debts

4 Dec 2025 4 Dec 2025

NEW YORK, Dec 4 (Reuters) – The International Monetary Fund said on Thursday it had made “significant progress” with Senegal toward a new loan programme while the Fund continued an internal investigation into how it failed to detect billions of dollars in unreported debt. Senegal is trying to tame debts that the Fund said hit …

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South African rand firms as government offers eurobonds

4 Dec 2025 4 Dec 2025

JOHANNESBURG, Dec 4 (Reuters) – The South African rand firmed on Thursday as the government began selling dollar-denominated eurobonds for the first time since 2024 when it raised $3.5 billion. At 1452 GMT the rand traded at 16.9750 against the dollar, up roughly 0.4% on Wednesday’s close and at its best level in three weeks. …

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Niger accuses France’s Orano of radioactive pollution as uranium row deepens

4 Dec 2025 4 Dec 2025

DAKAR, Dec 4 (Reuters) – Niger has accused French nuclear fuel group Orano of “predatory behavior” and environmental crimes, escalating a bitter dispute over control of the West African nation’s uranium mines. The military-led government said Orano could face criminal proceedings for “mass crimes” after authorities reported finding 400 barrels of radioactive core material in …

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Kenya, US agency to proceed with $1 billion debt-for-food swap

4 Dec 2025 4 Dec 2025

NAIROBI, Dec 4 (Reuters) – The U.S. International Development Finance Corporation has agreed to proceed with a $1 billion debt-for-food security swap with Kenya to replace costly debt with lower-cost financing, Kenyan President William Ruto said. The East African country, which is laden with high public debt and repayments, has been seeking new sources of …

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Senegal external debt restructuring ‘increasingly likely’, says BoFA

4 Dec 2025 4 Dec 2025

By Libby George LONDON, Dec 4 (Reuters) – An external debt restructuring in Senegal is “increasingly likely” in the second half of 2026, Bank of America Global Research said in a note published on Thursday. The West African country is struggling to manage billions in debts that the previous administration did not report, and is …

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Botswana holds policy rate at first meeting under new governor

4 Dec 2025 4 Dec 2025

GABORONE, Dec 4 (Reuters) – Botswana’s central bank kept its main interest rate unchanged on Thursday, citing continued weakness in the diamond sector and its expectation that inflation will be within its objective range in the medium term. The decision to keep the rate at 3.5% was the first under the Bank of Botswana’s new …

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