Reuters Africa Business

By Sinéad Carew and Elizabeth Howcroft NEW YORK/ PARIS, Dec 16 (Reuters) – MSCI’s global equities gauge fell on Tuesday and 10-year U.S. Treasury yields were lower for a second day as investors assessed some mixed signals from the latest U.S. jobs report, while oil prices sagged on oversupply worries as hopes increased for a …

Equities fall with US Treasury yields after data, oil sinks Read More »

By Liz Hampton and Seher Dareen DENVER, Dec 16 (Reuters) – Oil futures settled at their lowest level since February 2021 on Tuesday amid ongoing jitters surrounding oversupply and as the prospect of a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased. Brent crude futures settled down $1.64 a barrel, off roughly …

Oil settles near five-year low amid ample supply, Russia-Ukraine progress  Read More »

By Chibuike Oguh NEW YORK, Dec 16 (Reuters) – The U.S. dollar eased against major peers on Tuesday after the release of delayed economic data showing stronger-than-expected jobs growth, signalling that the Federal Reserve might be cautious in continuing to cut interest rates in the near term. The U.S. economy added 64,000 jobs in November, …

Dollar eases against peers after better-than-expected U.S. jobs data Read More »

By Duncan Miriri NAIROBI, Dec 16 (Reuters) – The African Development Bank (AfDB) raised $11 billion for its fund that lends money to low-income countries on favourable terms, it said on Tuesday, surpassing the previous replenishment round’s figure but falling short of its initial target. Officials at AfDB had initially aimed to raise $25 billion …

AfDB raises $11 billion for low-cost lending window, no word on US funding Read More »

By Ahmed Eljechtimi RABAT, Dec 16 (Reuters) – Morocco’s central bank held its benchmark interest rate at 2.25% for a third consecutive meeting on Tuesday, saying current borrowing costs were appropriate given easing inflation domestically and global economic uncertainty. Due to a drop in food and fuel prices, inflation will average 0.8% this year, before …

Moroccan central bank holds key rate at 2.25% Read More »

By Maxwell Akalaare Adombila DAKAR, Dec 16 – Guinea is in talks with Emirates Global Aluminium over a possible bauxite supply agreement that would see the company source the aluminium feedstock from Guinea’s state-owned Nimba Mining, three people familiar with the matter said. Guinea’s military-led government revoked the licence of EGA subsidiary Guinea Alumina Corporation …

Guinea, EGA in bauxite supply deal talks, sources say Read More »