By Portia Crowe and Libby George (Reuters) -An International Monetary Fund official said its mission to Senegal had concluded without a new lending programme, but that it aimed to finalise one as soon as possible. Mission Chief Edward Gemayel told journalists that talks would continue in the coming weeks and that Senegal was serious about …
IMF official hopes to finalise Senegal lending programme soon Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world’s largest oil consumer. Brent crude futures settled down 14 cents, or 0.22%, to $63.38 a barrel. U.S. West Texas Intermediate futures settled down 17 cents, or 0.29%, …
Oil falls as investors weigh potential supply glut, weak demand Read More »
DAKAR (Reuters) -CMA CGM has reversed a decision to suspend cargo shipments to Mali over safety concerns and a fuel shortage, the French group said on Thursday following a meeting with the authorities. In early September, al Qaeda-linked militant group Jama’at Nusrat al-Islam wal-Muslimin (JNIM) announced a blockade on fuel imports to the landlocked West …
CMA CGM scraps plan to halt Mali shipments amid safety and fuel risks Read More »
BLANTYRE (Reuters) -Malawi is enforcing maize export restrictions to protect stocks of the staple grain, the trade ministry said on Thursday, after the government forecast that a fifth of the population faces hunger following a below-average harvest. The controls are under a 2018 law that restricts the import and export of goods, including maize, the …
Malawi activates grain export restrictions as 4 million people face hunger Read More »
DUBAI/CAIRO (Reuters) -Egypt and Qatar signed a partnership deal on Thursday to develop a luxury real estate and tourism project on Egypt’s Mediterranean coast, part of Doha’s $7.5 billion investment pledge to Cairo. Egyptian Prime Minister Mostafa Madbouly said at a signing ceremony held in Egypt’s New Administrative Capital that  Qatar will pay $3.5 billion …
Egypt and Qatar to develop real estate project on Mediterranean coast Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -South African fashion retailer Truworths reported on Thursday flat group sales in the first 18 weeks of the 2026 financial year, as sales declined in its Africa business despite a strong performance in its UK operations. The group’s retail sales were unchanged at 7.2 billion rand ($415.88 million) for the …
Fashion retailer Truworths’ sales flat as Africa business struggles to grow Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Thursday, recovering more of the ground it lost earlier in the week as global risk appetite recovered. The currency plunged on Tuesday, falling more than 1% against the dollar during a steep global sell-off triggered by growing concerns about stretched stock market valuations. At 1050 GMT the …
South African rand gains more ground as global sentiment recovers Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African biopharmaceutical firm Biovac on Thursday opened a state-of-the-art product development laboratory in Cape Town, backed by the Gates Foundation, to help the continent develop its own vaccines and improve preparedness for future health challenges. Biovac, which supplies vaccines for South Africa’s childhood immunisation programme, was initially established to …
Biovac opens new vaccine lab in Cape Town to boost Africa’s manufacturing capacity Read More »
NAIROBI (Reuters) -Kenyan telecoms company Safaricom reported a 55% rise in its half-year profit on Thursday, helped by a smaller loss in key expansion market Ethiopia. Safaricom posted a group operating profit of 65.2 billion Kenyan shillings ($505.62 million) in the six months to the end of September and maintained its full-year guidance. Steady growth …
Kenya’s Safaricom reports 55% higher profit as Ethiopia loss narrows Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar held near a five-month high against a basket of currencies on Wednesday, as economic data assuaged concerns about the U.S. economy and the labor market, prompting investors to weigh the likelihood of another interest rate cut this year. The dollar index, which measures the buck’s …
Dollar holds near five-month highs as data supports Read More »
