Reuters Africa Business

By Ngouda Dione DAKAR (Reuters) -The International Monetary Fund has concerns over Senegal’s liquidity needs, the country’s finance minister said on Friday. Senegal is in talks with the Fund for a new lending programme as it grapples with the fallout of billions in debts that were not reported by the previous administration. Finance Minister Cheikh …

Senegal says IMF concerned over ‘very large amount’ of liquidity needs Read More »

NAIROBI (Reuters) -Small-scale farmers in Kenya sang and celebrated on Thursday after a court ruling secured their right to carry on the traditional practice of sharing local seeds. Kenya’s High Court said that part of a law banning the practice was unconstitutional, a ruling that farmer Samuel Kioko called a “great victory”. “It will be …

Kenyan farmers secure right to share local seeds in court ruling Read More »

CAIRO (Reuters) -Egypt is set to auction $950 million in one-year dollar treasury bills on December 1, the central bank said on Thursday. (Reporting by Yomna Ehab and Ahmed Tolba)

NAIROBI (Reuters) -African currencies are expected to show mixed performance against the U.S. dollar in the coming week, with Kenya’s shilling forecast to weaken, while Uganda’s shilling and Zambia’s kwacha are likely to strengthen. Nigeria’s naira and Ghana’s cedi are projected to remain relatively stable, even as they face demand pressures. KENYA Kenya’s shilling is …

AFRICA-FX – Kenyan shilling to slip as African currencies diverge next week Read More »

JOHANNESBURG (Reuters) -South Africa’s producer inflation was at 2.9% year on year in October, up from 2.3% in September, statistics agency data showed on Thursday. The Producer Price Index decreased 0.1% month on month in October, Statistics South Africa said. (Reporting by Anathi Madubela and Sfundo Parakozov; Editing by Alison WilliamsEditing by)