By Duncan Miriri NAIROBI (Reuters) -Kenya will hold further talks with the International Monetary Fund to overcome the key obstacles that have so far prevented it from securing a new support programme, the country’s Finance Minister John Mbadi said on Tuesday. The East African nation formally requested a new lending programme after the expiration of …
Kenya says more talks needed to secure new IMF programme Read More »
RABAT (Reuters) -Morocco’s unemployment rate dropped to 13.1% in September from 13.6% a year earlier, as services, construction and industry offset jobs lost in the drought-hit farming sector, Morocco’s statistics agency HCP said on Tuesday. As of the end of September, there were 1.62 million unemployed people in Morocco, a nation of 37 million people, …
Morocco’s unemployment rate drops to 13.1% in September, statistics agency says Read More »
ABU DHABI (Reuters) -Nigeria’s state-owned oil firm NNPC has been improving transparency about its performance in preparation for a long-awaited initial public offering, its CEO said on Tuesday. Nigeria’s oil law required NNPC to list within six months after the law was passed in 2021. It has yet to do so, although its finance chief …
Nigeria’s NNPC improving transparency ahead of IPO, CEO says Read More »
JOHANNESBURG (Reuters) -South African retailer Pepkor has acquired several fashion brands from privately-owned Retailability, it said on Tuesday, as part of its push into the adult clothing market. The Cape Town-based Pepkor has been growing its adultwear categories in recent months through the acquisition of Choice Clothing and the launch of its Ayana womenswear brand. …
South Africa’s Pepkor completes $98 million acquisition of Retailability brands Read More »
(Reuters) -Egypt’s non-oil private sector experienced its mildest contraction in three months in October, as new orders and output declined at a slower pace, a business survey showed on Tuesday. The S&P Global Egypt Purchasing Managers’ Index (PMI) rose to 49.2 in October from 48.8 in September, remaining below the 50.0 threshold that separates growth …
Egypt’s non-oil private sector sees slowest contraction in three months, PMI shows Read More »
By Siyanda Mthethwa JOHANNESBURG (Reuters) -A G20 taskforce established by South African President Cyril Ramaphosa has called for the creation of an international panel to tackle inequality, warning that extreme wealth disparities disrupt democracy and cause economic instability. “The world understands that we have a climate emergency; it’s time we recognise that we face an …
G20 taskforce calls for global panel to tackle ‘inequality emergency’ Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s plans to pause output increases in the first quarter of 2026 along with fears of an oil supply glut and weak factory data in Asia. Brent crude futures rose 12 cents, …
Oil prices steady despite OPEC+ plans to pause output increases Read More »
By Portia Crowe DAKAR/BAMAKO (Reuters) -A two-month-old fuel blockade by al Qaeda-linked militants has all but paralysed the capital of Mali, turning the screws on the military government and raising concern that the jihadists might try eventually to impose their rule on the West African country. Security analysts say the group known as Jama’at Nusrat …
Jihadists’ fuel blockade poses biggest threat yet to Mali’s military rulers Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a three-month high against the euro on Monday, extending its gains from last week on doubts about the outlook for another Fed rate cut this year. The Federal Reserve lowered interest rates by 25 basis points last week, as expected, but Chair Jerome Powell …
Dollar edges up as rate cut outlook remains clouded Read More »
By Wendell Roelf CAPE TOWN (Reuters) -Chevron is looking to expand its acreage in West Africa, which is a strategic region for the U.S. oil major, a senior executive said on Monday after striking a deal to explore for oil in two offshore blocks in Guinea-Bissau. The blocks are in the Mauritania, Senegal, Gambia, Bissau …
Chevron looks to explore ‘strategic’ West Africa after Guinea-Bissau offshore Read More »
