Reuters Africa Business

By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s National Treasury will trim its 2024/25 budget deficit estimate next week as it aims to lower interest payments on debt, while the fiscal challenges it faces in the coming year are unlikely to slow consolidation efforts, a Reuters poll found. In February, the Treasury surprised economists and …

S.Africa’s Treasury to trim 2024/25 budget deficit forecast on Oct 30 – Reuters poll Read More »

By Ange Aboa DIVO, Ivory Coast (Reuters) – Following heavy rain in much of Ivory Coast, pod counters and exporters are starting to lower their production forecasts for the main cocoa crop due to high flower and cherelle mortality after the October counts, they said Friday. Four pod counters and six exporters whose teams carry …

Ivory Coast cocoa pod counters lower main crop forecasts after rain Read More »

By Duncan Miriri and Karin Strohecker NAIROBI/WASHINGTON (Reuters) – Sub-Saharan African nations that depend on commodity exports need to reform their economies to tackle patchy regional economic growth, International Monetary Fund Africa Director Abebe Aemro Selassie said. The region is expected to grow by 3.6% this year, unchanged from last year and down from an …

IMF urges African oil exporters’ reforms to boost ‘subdued’ growth Read More »

By Libby George and Naomi Rovnick LONDON (Reuters) – Japan’s election could prompt the next market gyrations in a year in which countries housing half the world’s population will have voted. But markets remain fixated on the U.S. presidential election – the race that counts most for investors and global leaders alike. Here’s a selection …

Markets’ wild 2024 election ride rolls on as U.S. vote looms Read More »

(Reuters) – Mali has accused Barrick Gold of failing to abide by commitments made in a recent agreement, charges the Canadian miner denied on Thursday, saying it did not accept any claims of wrongdoing.  Barrick, the world’s second-largest gold miner, announced on Sept. 30 it had agreed with the government to resolve disputes over the …

Mali accuses Barrick Gold of breaching agreement, miner denies claims Read More »