Reuters Africa Business Archives - Page 6 of 921

AfDB lends Morocco $316 million for airport upgrades ahead of 2030 FIFA World Cup

12 Dec 2025 12 Dec 2025

By Ahmed Eljechtimi RABAT, Dec 12 (Reuters) – The African Development Bank (AfDB) said on Friday it would lend Morocco 270 million euros ($316 million) to finance upgrades to the country’s airport infrastructure in time for hosting the 2030 FIFA World Cup. Morocco plans to invest 38 billion dirhams ($4 billion) to increase overall passenger …

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South African inflation expectations fall after setting of 3% target

12 Dec 2025 12 Dec 2025

JOHANNESBURG, Dec 12 (Reuters) – Expectations for inflation in South Africa in 2026 have dropped sharply since the finance minister announced a lower 3% inflation target, a fourth quarter survey of business people, trade union officials and analysts showed on Friday. The survey is commissioned by the central bank and guides its thinking on the …

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Senegal loans offered at steep discounts as debt worries deepen, sources say

12 Dec 2025 12 Dec 2025

By Libby George and Karin Strohecker LONDON, Dec 11 (Reuters) – Senegal’s short-term commercial loans are on offer at steep discounts, four finance industry sources told Reuters, highlighting concerns about the indebted West African country’s ability to meet financial obligations. Senegal’s euro-denominated loans maturing as early as February are being discussed in the market currently …

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Explosion hits Nigeria’s key Escravos-Lagos gas pipeline, NNPC says

12 Dec 2025 12 Dec 2025

By Tife Owolabi YENAGOA, Nigeria, Dec 12 (Reuters) – Nigeria’s state oil company NNPC Ltd said an explosion at its key Escravos-Lagos gas pipeline on December 10 disrupted operations and prompted an emergency response. The blast was reported near the Tebijor, Okpele and Ikpopo communities in the coastal Delta state, the company said late Thursday. …

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South Africa’s ANC says it needs to reform to regain support

12 Dec 2025 12 Dec 2025

By Nellie Peyton JOHANNESBURG, Dec 12 (Reuters) – South Africa’s African National Congress, the liberation movement that brought Nelson Mandela to power, said it was facing a crisis over corruption, poor governance, and persistent racial inequality, and pledged to clean up its act. Although the largest party in government, the ANC was forced into a …

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Kenyan court suspends part of US health pact to hear data privacy case

12 Dec 2025 12 Dec 2025

NAIROBI, Dec 11 (Reuters) – A Kenyan court has suspended part of a health funding agreement the government signed with the United States on December 4, worth more than $1.6 billion, until it hears a data privacy case filed by a consumer protection group. The pact, signed in Washington, was the first of its kind …

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US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift

11 Dec 2025 11 Dec 2025

By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON, Dec 11 (Reuters) – The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected. The Swiss franc drew support from the …

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Congo vows to uphold cobalt quotas as exports resume ‘within days’

11 Dec 2025 11 Dec 2025

By Ange Kasongo KINSHASA, Dec 11 (Reuters) – The Democratic Republic of Congo has pledged to uphold cobalt export quotas allocated to miners for 2025 despite months of delays under new rules, its mining regulator has said, as a pilot shipment is being prepared to move “within days.” The world’s top cobalt supplier, accounting for …

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Ivory Coast pushes for US spy planes to tackle al Qaeda-linked jihadists in Sahel

11 Dec 2025 11 Dec 2025

(Refiles to fix link in final section) By Jessica Donati and Ange Aboa DAKAR/ABIDJAN, Dec 11 (Reuters) – Ivory Coast wants the Trump administration to station U.S. spy planes in the country’s north to carry out cross-border operations targeting Al Qaeda-allied jihadists wreaking havoc across the Sahel, according to two senior Ivorian security officials who told …

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Shell prepares to launch new drilling campaign offshore Namibia

11 Dec 2025 11 Dec 2025

CAPE TOWN, Dec 11 (Reuters) – Shell is preparing to launch a new drilling campaign in the PEL 39 exploration block offshore Namibia from April 2026 with its partners QatarEnergy and Namibia’s national oil company Namcor. Shell’s Namibia country chair Eduardo Rodriguez said in a post on LinkedIn on Thursday that the London-listed energy group …

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