CAIRO (Reuters) – Egypt’s central bank said on Monday it is taking all necessary actions to regulate the foreign exchange market and achieve monetary stability in the near future. The bank had observed “illegal practices related to the foreign exchange market” and illegal attempts to make quick profits, its statement said. (Reporting by Ahmed Tolba …
Egypt’s central bank taking action to regulate forex market Read More »
(Reuters) – Algeria has set the reference price for crude oil at $60 a barrel through 2023-2025, state news agency (APS) said on Sunday, citing the 2023 budget approved earlier in the day by President Abdelmadjid Tebboune. The budget set the market price for crude oil at $70 a barrel during the same period. The …
Algeria sets reference price for oil at $60 barrel through 2023/2025 -APS Read More »
By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in order to “secure internal approvals” from the financial sector, the Finance Ministry said in a statement late on Saturday. The ministry also announced a change to the debt exchange, with eight additional …
Ghana again extends domestic debt exchange registration deadline Read More »
CAIRO (Reuters) – Egypt targets GDP growth at 5.5% in fiscal year 2023/24, its finance minister Mohamed Maait said in a statement on Saturday. He added that Egypt also aims at narrowing the budget deficit to 5% in the medium term. (Reporting by Ahmed Tolba; Writing by Enas Alashray)
CAIRO (Reuters) – Egypt targets GDP growth at 5.5% in fiscal year 2023/24, its finance minister Mohamed Maait said in a statement on Saturday. He added that Egypt also aims at narrowing the budget deficit to 5% in the medium term. (Reporting by Ahmed Tolba; Writing by Enas Alashray)
(Reuters) – German state lender KfW (KFW.UL) on Friday lent 300 million euros ($319 million) to Tunisia to finance projects in renewable energy, water and rural development, officials said. The agreement was signed in Tunisia’s foreign ministry. ($1 = 0.9417 euros) (Reporting by Tarek Amara; Editing by Alexander Smith)
KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Friday that Kyiv would intensify diplomatic efforts in Africa, Latin America and Asia to take advantage of “colossal economic potential” and other international benefits. African countries have had varying responses to Russia’s invasion of Ukraine, as some countries like South Africa have close trade and security ties …
Ukraine to boost diplomacy in Africa, other regions Read More »
By Tarek Amara TUNIS (Reuters) -Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The North African country has been in urgent need of international …
Tunisia seeks to cut fiscal deficit to 5.5% in 2023, led by economic reforms Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened against the dollar on Friday and was on track for big weekly gains, ahead of a four-day long Christmas weekend. At 1600 GMT, the rand traded at 16.9950 against the dollar, 0.9% stronger than its previous close. President Cyril Ramaphosa’s re-election as the leader of the governing African National …
South African rand strengthens ahead of Christmas weekend Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened against the dollar on Friday and was on track for big weekly gains, ahead of a four-day long Christmas weekend. At 1600 GMT, the rand traded at 16.9950 against the dollar, 0.9% stronger than its previous close. President Cyril Ramaphosa’s re-election as the leader of the governing African National …
South African rand strengthens ahead of Christmas weekend Read More »
