(Reuters) -HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading. The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 from $31.79 for 2027. “We look for a wide …
HSBC raises 2025 average silver price forecast to $38.56 per ounce Read More »
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria has made significant progress in stabilizing its economy through recent policy reforms but needs to do more to improve living standards and tackle soaring food prices, the World Bank said in a report released on Wednesday. The bank’s report highlighted progress in economic growth, revenue mobilization, and external balances …
Nigeria’s economy growing but high food prices a burden, World Bank says Read More »
By Anmol Choubey (Reuters) -Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a historic rally in the safe haven asset to hedge against global economic and geopolitical uncertainties, while also betting on U.S. interest rate cuts. Spot gold was up 1.3% at $4,034.59 per ounce by 0931 …
Gold zooms past $4,000 for first time in historic flight to safety Read More »
NAIROBI (Reuters) -Kenya will continue discussions with the International Monetary Fund about a new programme next week in Washington, the country’s central bank governor said on Wednesday. The East African nation’s $3.6 billion programme with the IMF expired earlier this year, and some officials have expressed an interest in getting a new one that will …
Kenya will talk to IMF about new programme in Washington next week Read More »
LONDON (Reuters) -A conservation charity which has Britain’s Prince Harry as a board member has been kicked off its projects in Chad after the Chadian government accused it of failing to protect wildlife. Harry, King Charles’s younger son, was appointed to the governing board of African Parks (APN) in 2023 after seven years of involvement …
Chad ends ties with Prince Harry conservation charity for wildlife failures Read More »
(Reuters) -Anglo American still considers Africa to be part of its future due to its critical mineral resources, despite the mining company’s recent restructuring and disposal of assets there, CEO Duncan Wanblad said on Wednesday. Anglo American has exited its coal and platinum operations in South Africa, the country where it was founded over a …
Anglo CEO still sees future in Africa despite shrinking footprint Read More »
By Duncan Miriri NAIROBI (Reuters) -Kenya has completed converting three railway construction dollar-denominated loans from China into yuan in order to save on interest payments, its Finance Minister John Mbadi said on Tuesday. The swap, which allows the floating, dollar-based interest rates across the three loans from China Exim Bank to drop into their lower, …
Kenya converts $3.5 billion loans from China into yuan to cut interest Read More »
JOHANNESBURG (Reuters) -Optasia, a fintech company partly owned by Ethos Capital, said on Wednesday it planned to list on South Africa’s Johannesburg Stock Exchange and raise up to 6.3 billion rand ($375 million) by selling a combination of new and existing shares. The company, which operates AI-powered financial services in 38 countries, will raise about …
AI fintech Optasia aims to raise $375 million in South African listing Read More »
CAIRO (Reuters) -Egypt’s annual urban consumer price inflation slowed to 11.7% in September from 12% in August, data from statistics agency CAPMAS showed on Wednesday, a deceleration less than what analysts in a Reuters poll had anticipated. The median forecast was for an easing to 11% in the poll of 15 analysts, extending a …
Egypt’s annual inflation slows to 11.7% in September Read More »
By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. Brent crude futures rose 48 cents, or 0.7%, to $65.93 a barrel by 0400 GMT. U.S. West Texas Intermediate crude climbed 51 cents, or 0.8%, to …
Oil rises as oversupply fear eases after OPEC+ restrains output increase Read More »
