(Reuters) -The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Ivory Coast under the Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, which will lead to disbursements totaling about $843.9 million to the country. (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Muralikumar Anantharaman)
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled lower on Tuesday as investors braced for a supply surplus due to potential OPEC+ plans for a larger output hike next month and the resumption of oil exports from Iraq’s Kurdistan region via Turkey. Brent crude futures for November delivery, expiring on Tuesday, settled down 95 cents, …
Oil settles lower as investors brace for possible OPEC+ output hike Read More »
By Dhara Ranasinghe and Koh Gui Qing NEW YORK/LONDON (Reuters) – Caution took hold of world markets on Tuesday, with the dollar and equities slipping and gold briefly hitting record highs on concern that a likely U.S. government shutdown could delay key jobs data. President Donald Trump said the United States is probably headed towards …
CAPE TOWN (Reuters) -Exxon Mobil is eyeing projects in South Africa which it views as a top destination for liquefied natural gas (LNG), a senior gas executive said at an African energy conference in Cape Town on Tuesday. The U.S. is the world’s top natural gas producer and the largest LNG exporter and could entrench …
Exxon Mobil eyes South Africa as a top LNG destination Read More »
NAIROBI (Reuters) -Kenya’s inflation rose slightly to 4.6% year-on-year in September, up from 4.5% the previous month, the statistics office said on Tuesday. The increase was chiefly driven by a rise in prices of food and non-alcoholic drinks, transport, and housing, water, electricity, gas and other fuels, the Kenya National Bureau of Statistics said in …
Kenya’s inflation rises slightly in September on food, transport Read More »
NAIROBI (Reuters) -Kenya’s economy grew 5.0% year-on-year in the second quarter of 2025, up from 4.6% in the same quarter last year, the statistics office said on Tuesday. The growth mainly came from the agriculture, transportation and finance sectors, the Kenya National Bureau of Statistics said in a report. In August, President William Ruto said …
Kenya’s economy grows 5% in second quarter of 2025 Read More »
(Reuters) -Exxon Mobil CEO Darren Woods last week raised concerns about the risks that an insurgency movement posed to a proposed $30 billion gas terminal in Mozambique and sought security assurances from President Daniel Chapo before a decision to greenlight the project, the Financial Times reported on Tuesday. Woods and Chapo also discussed plans by …
JOHANNESBURG (Reuters) -The South African rand softened on Tuesday after a flurry of mixed economic data from the central bank, revenue service agency, National Treasury and statistics agency. At 1439 GMT the rand traded at 17.29 against the dollar, about 0.2% weaker than Monday’s closing level. Data from the South African Reserve Bank showed that …
South African rand softer after back-to-back domestic data Read More »
By Anathi Madubela JOHANNESBURG (Reuters) -South Africa’s utility Eskom reported its first full‑year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts. The state-owned company’s power cuts have held back South Africa’s economic growth for more than a decade, and its repeated bailouts have …
South Africa’s utility Eskom makes first profit in eight years Read More »
JOHANNESBURG (Reuters) -South Africa’s trade minister Parks Tau said he was optimistic that the United States’ flagship trade initiative with Africa, which expires later on Tuesday, would be renewed. Tau’s office said in a statement that the overall message from the minister’s recent trip to the United States was that there was “broad support for …
South Africa says it optimistic U.S. trade initiative AGOA will be renewed Read More »
