Reuters Africa Business

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund (IMF) and World Bank have decided to hold their annual meetings in Morocco in October despite a recent earthquake that killed more than 2,900 people, a source familiar with the decision said Monday. The decision, made on Monday by senior IMF and World Bank officials, came …

IMF, World Bank to proceed with annual meetings in Morocco in October -source Read More »

By Daphne Psaledakis NEW YORK (Reuters) – The United States and Norway will pledge a total of $70 million on Monday to launch a fund, reported here for the first time, to help farmers and agricultural businesses in Africa, a U.S. Agency for International Development (USAID) spokesperson said. THE TAKE Hunger has worsened in several …

US, Norway to launch Africa agriculture fund, commit $70 million Read More »

CAIRO (Reuters) – Egypt is planning to float 5 to 10 percent of the shares of the company building its vast new capital 45km east of Cairo by the second quarter of 2024, its chairman said on Monday. The sale on the stock exchange of shares in the Administrative Capital for Urban Development (ACUD), now …

Head of Egypt’s new capital sees IPO in first half of 2024 Read More »

WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what he called the “unrealized opportunity” of Africa’s most populous country. Adeyemo, who emigrated from Nigeria to the United States as a child, is visiting Nigeria through Tuesday to underscore the …

US Treasury’s Adeyemo urges Nigeria to work on stable currency, fight corruption Read More »

JOHANNESBURG (Reuters) -Dutch-listed technology investor Prosus NV and its South African parent Naspers said on Monday Bob van Dijk had stepped down as chief executive officer from both companies. The companies named investment chief Ervin Tu, a previous VisionBank manager and Goldman Sachs technology banker, as interim CEO. The news sent Naspers’ shares up 2% …

Naspers & Prosus CEO steps down, M&A chief Ervin Tu is successor Read More »