By Rodrigo Campos (Reuters) -The International Monetary Fund is assessing the viability of Senegal’s financing strategy and analyzing its debt sustainability as it looks to finalize an agreement on reforms to underpin a new program, an IMF official said on Thursday. A team of officials from the global lender completed a mission to Dakar without …
IMF working with Senegal on reforms to underpin new support program Read More »
(Reuters) -Tanzania’s leader chose a longtime loyalist as prime minister on Thursday, after a disputed presidential election in the East African country prompted clashes in which rights groups say hundreds of protesters were killed. The parliament backed the appointment of former finance minister Mwigulu Nchemba in a near-unanimous vote, as expected given that President Samia …
Tanzania president names new prime minister after disputed election Read More »
NAIROBI (Reuters) -South Sudan’s petroleum ministry confirmed on Thursday that it had asked for a total of $2.5 billion in oil-backed loans from two international firms operating in the country. The total amount requested is larger than the government’s annual budget, which is less than $2 billion, and the roughly $2.2 billion the United Nations …
South Sudan confirms it has sought $2.5 billion in oil-backed loans Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -South Africa’s Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance. The report highlighted how global digital platforms have eroded traditional media revenues, …
What are the key remedies in South Africa’s antitrust probe involving Google? Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -Discovery Bank is set to become the first lender in South Africa to integrate crypto into its mobile platform, allowing customers to trade cryptocurrencies directly in its banking app from December. The feature is being launched in partnership with London-based crypto exchange firm Luno and will allow clients to link …
Discovery partners with Luno to offer first bank app crypto trading in South Africa Read More »
By Nqobile Dludla and Siyanda Mthethwa JOHANNESBURG (Reuters) -South Africa’s competition regulator announced on Thursday a series of concessions from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following an investigation into the sector. The package, announced in the Competition Commission’s final report of its …
South African media get funding package from Google after antitrust probe Read More »
By Colleen Goko and Sfundo Parakozov JOHANNESBURG (Reuters) -South Africa’s currency, stocks and bonds extended their rally on Thursday as investors cheered signs of fiscal discipline after the government’s medium-term budget policy statement. The rand briefly broke below the key 17 per dollar level for the first time since February 2023 to touch 16.955 – …
South African markets rally on post-budget statement glow Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria has ended plans to impose a 15% import duty on petrol and diesel amid assurances of adequate supply during the year-end holidays, the downstream regulator said on Thursday. The tariff, approved by President Bola Tinubu as part of fiscal reforms to boost non-oil revenues, was disclosed in a leaked …
JOHANNESBURG (Reuters) -South African mobile operator Cell C and The Prepaid Company (TPC) are targeting gross proceeds of up to 6.5 billion rand ($375 million) from the sale of shares ahead of Cell C’s planned listing on the Johannesburg Stock Exchange. The offer comprises up to 173.4 million ordinary shares, alongside an additional 9.52 million …
South Africa’s Cell C sets offer price ahead of Johannesburg listing Read More »
By Nellie Peyton MAPUTO (Reuters) -Hotel manager Fernando Cuna waited four years for TotalEnergies to resume construction of its $20 billion liquefied natural gas project on Mozambique’s coast, hoping it would bring clients to the nearby town of Palma. In a province where the average household income is less than $1 per day, locals like …
TotalEnergies’ Mozambique gas ‘fortress’ fuels local anger and insurgency fears Read More »
