By Nicole Jao NEW YORK (Reuters) -Oil prices settled up on Wednesday, bouncing back from one-month lows in the previous session, as investors assessed prospects of oversupply and talks over a Russia-Ukraine peace deal ahead of the U.S. Thanksgiving holiday. Brent crude futures settled 65 cents, or 1.04%, higher to $63.13 a barrel, while U.S. …
Oil edges up as investors await clarity on supply, Russia-Ukraine deal Read More »
DAKAR (Reuters) -The International Monetary Fund and Sierra Leone have reached a staff-level agreement on the first and second reviews of the country’s Extended Credit Facility, unlocking approximately $78.8 million in financing, the IMF said on Wednesday. (Writing by Ayen Deng Bior; Editing by Bate Felix)
DAKAR (Reuters) -Senegal’s economy is 13.5% larger and its debt ratio slightly better after the government updated the base year used to calculate its economic output, the statistics office said. The West African nation announced in July it had begun the recalculation after a series of downgrades by credit rating agencies due to concerns about …
Senegal’s debt figures improve after updating economic calculation Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya will appeal against a regional court ruling that halted a trade deal with the European Union, Trade Minister Lee Kinyanjui said on Wednesday, adding the ruling imperils $1.56 billion worth of annual exports to the EU. The Tanzania-based East Africa Court of Justice suspended the implementation of the deal …
Kenya to appeal regional court ruling that suspended EU trade deal Read More »
By Emmanuel Bruce ACCRA (Reuters) -Ghana’s central bank cut its main interest rate by 350 basis points to 18.0% on Wednesday, citing an improved economic outlook and expectations for further declines in consumer inflation. Economists polled by Reuters had forecast a 250 basis points cut after a record 350 basis point reduction to 21.5% at …
Ghana central bank delivers third big rate cut as inflation tumbles Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Wednesday after muted U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December, weighing on the dollar. At 1333 GMT the rand traded at 17.14 to the dollar, up 0.5% from Tuesday’s close. The dollar was down 0.2% against a basket …
South African rand strengthens as downbeat US data weakens dollar Read More »
LUANDA (Reuters) -Angola will roll over a $1 billion debt facility with JPMorgan that is close to maturity, a senior official at the finance ministry told Reuters on Tuesday. The southern African nation will seek to lower the interest rate of the facility when it is extended, said the official, who did not want to …
Angola to roll over $1 billion JPMorgan debt facility, finance ministry says Read More »
JUBA (Reuters) -South Sudan President Salva Kiir has sacked Deng Lual Wol as the petroleum ministry’s undersecretary and replaced him with Chol Thon Abel, the fourth time he has transferred the post from one of the men to the other in less than two months. Kiir has repeatedly sacked and then reinstated – and sometimes …
South Sudan again shakes up petroleum ministry, adding to constant government churn Read More »
JOHANNESBURG (Reuters) -South Africa’s Tiger Brands reported a 31% rise in full-year earnings on Wednesday, driven by strong volume growth and improved operating margins despite muted consumer spending. The owner of Jungle Oats and Koo baked beans said its headline earnings per share from continuing operations, a key profit measure in South Africa, rose to …
South Africa’s Tiger Brands annual earnings jump 31% on strong volume growth Read More »
By Shariq Khan NEW YORK (Reuters) -Oil prices settled over 1% lower on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia’s war against it could be yielding fruit. An end to the war in Ukraine could pave the way for the unwinding of Western sanctions against Moscow’s …
Oil falls as Ukraine signals support for framework of Russia peace deal Read More »
