(Adds dropped word staff in headline) By Tarek Amara TUNIS (Reuters) -Tunisian bank workers began a two-day strike on Monday to demand pay rises, halting all financial transactions as the country struggles with an economic crisis. Lines formed at cash points as the walkout started, but customers said many of the machines were broken. “We …
Tunisian bank staff strike over wages, halting transactions Read More »
By Chris Takudzwa Muronzi HARARE (Reuters) -Zimbabwe’s annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the Confederation of Zimbabwe Industries released on Monday. Annual inflation in Zimbabwe measured in the Zimbabwe Gold (ZiG) currency …
Zimbabwe’s inflation set to drop amid stable currency and gold boom Read More »
LONDON (Reuters) -Nigeria’s sovereign bonds slipped up to half a cent on Monday after U.S. President Donald Trump threatened military action in the country if it did not take action to protect Christians. Longer-dated bonds fell the most, with the 2051 issue falling roughly 0.5 cents, to bid at just under 92 cents on the …
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JOHANNESBURG (Reuters) -South Africa’s manufacturing sentiment deteriorated in October, dragged down by subdued domestic demand and sluggish exports, a purchasing managers’ index (PMI) survey showed on Monday. The seasonally-adjusted PMI sponsored by South African bank Absa fell to 49.2 points in October from 50.8 in September, highlighting “the fragility of the manufacturing recovery,” Absa said …
JOHANNESBURG (Reuters) -The South African rand was steady on Monday after the release of a sluggish manufacturing purchasing managers’ index survey and vehicle sales numbers for the month of October. At 1225 GMT, the rand traded at 17.3075 against the dollar, roughly up 0.1% on Friday’s close. South Africa’s manufacturing sentiment deteriorated in October, dragged …
South African rand steady after sluggish manufacturing PMI Read More »
By Colleen Goko (Reuters) -The International Finance Corporation, the World Bank’s private investment arm, is expanding its local-currency lending and direct investments into companies across Africa to help projects reach the scale required to attract major global funds, Managing Director Makhtar Diop told the Africa Financial Summit in Casablanca on Monday. “What investors tell us …
World Bank’s investment arm to boost local-currency lending in Africa Read More »
By Libby George LONDON (Reuters) -Disagreements between governments and investors over resources are at a 10-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the U.S. and China for critical minerals. This reflects the scramble for minerals that will power everything from chips for the AI boom, to electric …
Resource disputes between investors and states hit 10-year high Read More »
By Isaac Anyaogu LAGOS (Reuters) -Nigeria’s Dangote Petroleum Refinery, Africa’s largest oil refinery, is ramping up output to meet national petrol and diesel demand, it said on Saturday, after the government approved a new import tariff on fuel aimed at protecting domestic production. The continent’s top oil producer has long sought to end its reliance …
Nigeria’s Dangote refinery ramps up output on back of new fuel import duty Read More »
By Nelson Banya LUANDA (Reuters) -Angola will not fund state-owned miner Endiama’s proposed acquisition of a stake in De Beers through the national budget, Finance Minister Vera Daves de Sousa said on Friday. Endiama has bid for a majority stake in Anglo American unit De Beers, a source familiar with the matter told Reuters on …
Angola says national budget will not fund Endiama’s De Beers bid Read More »
By Colleen Goko LUANDA (Reuters) -Angola plans to spend almost half of its 2026 budget on debt payments, underscoring how rising servicing costs are squeezing fiscal space across Africa and forcing governments to rely more on domestic markets for funding. The finance ministry’s draft budget released on Friday showed that 32.9% of total expenditure, equivalent …
Angola turns to local markets as debt costs swallow nearly half of 2026 budget Read More »
