(Reuters) – Uganda’s tough new anti-LGBTQ law, which stipulates the death penalty for “serial offenders”, presents a conundrum for multi-nationals wanting to grow in Africa while promoting diversity and inclusion. A coalition of companies that includes Google and Microsoft said it was “deeply disappointed” by the bill signed into law on Monday. Here are some …
Factbox-Global firms in Uganda face LGBTQ conundrum Read More »
JOHANNESBURG (Reuters) – South Africa’s central bank has warned of risks to the country’s financial stability, due to capital outflows and the possibility of sanctions following a U.S. diplomat’s accusation of supplying weapons to Russia to aid its campaign in Ukraine. These risks, along with the threat of a grid failure due to repeated power …
South Africa’s central bank flags risks of capital outflows and sanctions Read More »
By Kopano Gumbi and Rachel Savage JOHANNESBURG (Reuters) – The outlook for Africa’s debt sustainability remains “cloudy” as low growth and high inflation challenge the stability of many economies across the continent, the World Bank’s Africa chief economist said on Monday. Andrew Dabalen said a form of stagflation taking hold was one of the biggest …
African economies debt outlook remains “cloudy” – World Bank economist Read More »
NAIROBI (Reuters) – Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office said on Monday, after hosting Russian Foreign Minister Sergei Lavrov in Nairobi. Russia has stepped up its drive to boost economic ties with Africa to help offset a big chill in relations with the …
Kenya and Russia to sign trade pact, President Ruto says Read More »
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes edged lower on Monday and euro zone bond yields dropped, but news that the U.S. had reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise …
European shares slip, but debt ceiling deal buoys U.S. futures Read More »
ABIDJAN (Reuters) – A second consecutive week of above-average rainfall in most of Ivory Coast’s cocoa-growing regions will boost the quality of the April-to-September mid-crop, farmers said on Monday. The world’s top cocoa producer is in its rainy season, which runs officially from April to mid-November. Several farmers reported a second consecutive week of good …
Second week of abundant rain boosts Ivory Coast cocoa mid-crop Read More »
By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend …
Dollar nudges lower as U.S. debt ceiling deal dents safe-haven appeal Read More »
ABUJA (Reuters) – Nigeria’s Senate amended a law on Saturday to allow the federal government to borrow more money from the central bank, just days before incoming President Bola Tinubu takes office. The changes, adopted during an emergency session, will allow the government to increase its overdraft at the Central Bank of Nigeria to 15% …
Nigeria’s Senate approves bill to raise government borrowing from central bank Read More »
By Simon Jessop and Marc Jones LONDON (Reuters) -A top-level meeting in Paris next month will lay out a $100 billion plan to drive more money into climate and development finance in poorer countries by providing currency guarantees to investors, according to a document seen by Reuters. The plan, which has not previously been reported, …
Exclusive-IMF, others should give $100 billion climate FX guarantee – document Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from Russia and Saudi Arabia ahead of the next OPEC+ policy meeting. Brent crude settled 69 cents, or 0.9%, higher at $76.95 a barrel. U.S. …
