Reuters Africa Business Archives - Page 57 of 921

AFRICA-FX- Nigeria’s naira seen weakening further, Ghana’s cedi to extend rally

16 Oct 2025 16 Oct 2025

NAIROBI (Reuters) -Nigeria’s naira < > is expected to depreciate further next week as foreign investors sell local assets amid global risk aversion and limited dollar supply, while Ghana’s cedi will extend its recent rally against the dollar. NIGERIA The naira could depreciate as foreign investors sell local assets owing to a global risk-off mood …

AFRICA-FX- Nigeria’s naira seen weakening further, Ghana’s cedi to extend rally Read More »

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

16 Oct 2025 16 Oct 2025

By Maxwell Akalaare Adombila DAKAR (Reuters) -Guinea’s bauxite exports surged 23% year-on-year in the third quarter, defying heavy rains and regulatory headwinds, official data showed. Shipments of the critical aluminium feedstock rose to 39.41 million metric tonnes, up from 32 million in Q3 2024, according to data from the Ministry of Mines and Geology reviewed …

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure Read More »

Blue Ribbon bread maker Premier to acquire RFG in share swap deal

16 Oct 2025 16 Oct 2025

By Nqobile Dludla JOHANNESBURG (Reuters) -South African food producer Premier Group has agreed to acquire all the shares of RFG through a share swap deal valued at about 5.7 billion rand ($329 million), in which RFG shareholders will take a 22.5% stake in the combined group. By 1137 GMT, shares of Premier – the owner …

Blue Ribbon bread maker Premier to acquire RFG in share swap deal Read More »

African markets impacted by global upheaval, survey shows

16 Oct 2025 16 Oct 2025

By Colleen Goko JOHANNESBURG (Reuters) -Seismic shifts in global trade and funding have weakened many of Africa’s financial systems in the past year, although there have also been signs of improvements via reforms to foreign exchange regimes and action to help mitigate the impact of climate change, a survey showed on Thursday. Disruptions to long-standing …

African markets impacted by global upheaval, survey shows Read More »

Egypt poised to complete debt swap before end of 2025, minister says

15 Oct 2025 15 Oct 2025

By Karin Strohecker WASHINGTON (Reuters) -Egypt is poised to complete another debt swap before the end of this year with its European partners, according to Planning Minister Rania al-Mashat, adding that more such transactions were also in the pipeline for next year. The transaction, which will see expensive debt swapped for debt at lower costs, …

Egypt poised to complete debt swap before end of 2025, minister says Read More »

Tunisia seeks new direct financing to the treasury of $3.7 billion from central bank

15 Oct 2025 15 Oct 2025

By Tarek Amara TUNIS (Reuters) -The Tunisian government will request again in 2026 exceptional direct funding from the central bank up to $3.7 billion, the budget bill seen by Reuters showed on Wednesday, in a move aimed at filling the fiscal deficit, given the scarcity of external financing. Tunisia is grappling with a severe financial …

Tunisia seeks new direct financing to the treasury of $3.7 billion from central bank Read More »

S&P 500, Nasdaq end higher as earnings fervor calms trade jitters

15 Oct 2025 15 Oct 2025

By Stephen Culp NEW YORK (Reuters) -The S&P 500 and the Nasdaq closed higher on Wednesday while gold resumed its ascent as investors weighed upbeat earnings against mounting trade tensions between the United States and China. All three major U.S. stock indexes ended well below session highs as the day progressed and risk appetite cooled. …

S&P 500, Nasdaq end higher as earnings fervor calms trade jitters Read More »

Dollar drops versus euro and yen amid ongoing US-China trade friction

15 Oct 2025 15 Oct 2025

By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar fell against the euro and yen on Wednesday with market sentiment weakened by the continuing trade tensions between the U.S. and China. Traders analyzed comments from Federal Reserve Chair Jerome Powell for cues on upcoming rate cuts amid a U.S. government shutdown, which has hampered the timely …

Dollar drops versus euro and yen amid ongoing US-China trade friction Read More »

Oil prices hit 5-month low on US-China trade tensions, looming supply surplus

15 Oct 2025 15 Oct 2025

By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures fell 48 cents, or 0.8%, to settle at $61.91 a barrel. U.S. West Texas Intermediate (WTI) futures fell 43 cents, …

Oil prices hit 5-month low on US-China trade tensions, looming supply surplus Read More »

Libya’s oil revenue reaches $14.65 billion in first nine months of year, central bank says

15 Oct 2025 15 Oct 2025

CAIRO (Reuters) -Libya’s oil revenue reached 79.4 billion Libyan dinars ($14.65 billion) in the first nine months of 2025, the central bank said on Wednesday. ($1 = 5.4208 Libyan dinars) (Reporting by Menna Alaa El-Din and Jaidaa Taha)