Reuters Africa Business

(Refiles to remove erroneous ‘S’ before dollar figure in paragraph 3) (Reuters) -The International Monetary Fund’s Executive Board has completed the fourth review under its Extended Credit Facility arrangement with Ghana, unlocking an immediate disbursement of about $367 million, the IMF said on Monday. Ghana’s finance ministry said earlier in a post on X that …

IMF approves $367 million disbursement to Ghana after fourth review Read More »

DUBAI (Reuters) -Libya’s oil revenues have reached 51.1 billion Libyan dinars ($9.43 billion) in the first half of 2025, the central bank said on Monday. ($1 = 5.4200 Libyan dinars) (Reporting by Ahmed ElumamiEditing by Tomasz Janowski)

CAIRO (Reuters) -Egypt’s net foreign assets rose by $1.2 billion to $14.7 billion in May, central bank data showed on Monday, approaching levels reached in March when the International Monetary Fund approved a $1.2 billion disbursement for the country. Egypt’s net foreign assets, which include assets held by both the central bank and commercial banks, …

Egypt’s net foreign assets rise in May to $14.7 billion Read More »

By Ella Cao and Liz Lee BEIJING (Reuters) -China has approved the import of soybean meal from Ethiopia, a Chinese customs statement showed, as part of efforts to broaden its protein sources amid a trade war between Beijing and Washington. Effective July 3, Ethiopian soymeal that meets China’s phytosanitary standards and is free of pests …

China approves Ethiopian soymeal imports to diversify supply Read More »

(Reuters) -Egypt’s non-oil private sector experienced a further decline in business conditions in June, with contractions in output and new orders accelerating, according to the latest S&P Global Purchasing Managers’ Index (PMI) data released on Sunday. The headline PMI fell to 48.8 in June from 49.5 in May, marking the fourth consecutive month below the …

Egypt’s non-oil business conditions deteriorate further in June, PMI shows Read More »