WASHINGTON (Reuters) – Venture capital investments in Africa dipped slightly to $6.5 billion last year but avoided the sharp drop seen in most other global regions, data released by an industry group showed on Thursday. The investments, spread over 853 deals, represent a 1% decline from 2021 – a record year in Africa – according …
Africa venture capital investments dipped slightly in 2022 Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks slipped on Wednesday after back-to-back gains as investors digested the latest earnings reports, while Treasury yields climbed as British inflation data solidified expectations of more interest rate rises by central banks. U.S. stocks closed little changed, with the S&P 500 slightly below the …
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% to a two-week low on Wednesday despite a sharp decline in U.S. crude inventories, as the dollar strengthened on fears that looming Federal Reserve interest rate hikes could curb energy demand in the world’s top consumer. A stronger U.S. dollar can hurt global demand …
Oil falls 2% as dollar gains on potential Fed rate hike Read More »
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates. The dollar index, which tracks the currency against …
Dollar gains on rising US yields, British inflation lifts pound Read More »
By Chris Mfula LUSAKA (Reuters) -Zambia’s official creditors, which include China, are getting closer to signing a memorandum of understanding on debt relief to the country in May, in what would be a key step needed to pave the way for more IMF funding, sources told Reuters. Zambia has been in default since 2020 when …
Zambia’s official creditors expected to sign debt relief MOU in May – sources Read More »
JOHANNESBURG (Reuters) -The South African rand recovered some losses it incurred earlier on Wednesday after local inflation data showed a rise in prices for the second consecutive month. At 1518 GMT, the rand traded at 18.1300 against the dollar, 0.19% stronger than its previous close. Inflation in Africa’s most industrialised economy rose 7.1% year-on-year in …
South African rand recovers after surprise inflation data Read More »
By Christian Akorlie ACCRA (Reuters) -Ghana’s economy grew 3.1% year-on-year in 2022, compared with a growth rate of 5.1% the previous year, the country’s statistics agency said on Wednesday. The West African country’s gross domestic product grew 3.7% year-on-year in the fourth quarter, compared with 2.9% in the previous quarter – its worst performance since …
Ghana’s economy grew 3.1% in 2022, 3.7% in fourth quarter, statistics office says Read More »
By Kopano Gumbi and Tannur Anders JOHANNESBURG (Reuters) -South African inflation rose for the second month in a row in March to 7.1% year on year, driven by a steep increase in food prices, data showed on Wednesday. Economists said the pickup in inflation, from 7.0% in February, meant the central bank would probably raise …
South Africa inflation rises for second month, driven by food prices Read More »
NAIROBI (Reuters) – Kenya’s shilling weakened on Wednesday, undermined by increased demand for dollars from oil retailers and manufacturers, and listed companies preparing to pay dividends to their foreign shareholders, traders said. At 0651 GMT, commercial banks quoted the shilling at 135.00/135.20 per dollar, compared with Tuesday’s closing rate of 134.90/135.10. The shilling touched a …
Kenya shilling weakens due to dollar demand from oil retailers, manufacturers Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks rose for a second straight day on Tuesday to reach its highest since early February as the pace of U.S. earnings season picked up, while Treasury yields dipped after three straight sessions of gains. On Wall Street, the S&P 500 closed roughly unchanged. …
Stocks advance, US 10-year yield slips as earnings roll in Read More »
