Reuters Africa Business

US to host meeting of G20 officials without South Africa’s participation, sources say

11 Dec 2025

WASHINGTON, Dec 10 (Reuters) – The U.S. will convene a meeting of officials from the Group of 20 major economies starting on Monday to kick off planning for next year, when it holds the group’s rotating presidency, sources familiar with the plans said. South Africa, this year’s host country, was not invited to join the …

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IMF reaches staff level agreement on Ethiopia’s fourth review, unlocks $261 million

10 Dec 2025

Dec 10 (Reuters) – The International Monetary Fund said on Wednesday it had reached a staff-level agreement with Ethiopia on the fourth review of a $3.4 billion lending programme, paving the way for the next disbursement of $261 million once the Fund’s board signs off. That disbursement would bring the IMF’s total financial support to …

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USTR Greer says he’s open to ‘different treatment’ of South Africa under trade initiative

10 Dec 2025

By Andrea Shalal WASHINGTON, Dec 9 (Reuters) – U.S. Trade Representative Jamieson Greer on Tuesday said he is open to treating South Africa differently than other African countries if Washington extends a trade initiative with sub-Saharan Africa that expired in September. Greer told a Senate Appropriations subcommittee hearing that the Trump administration was open to …

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Senegal plans to nationalise Kosmos-run Yakaar-Teranga gas project

10 Dec 2025

DAKAR, Dec 10 (Reuters) – Senegal plans to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy and estimated to be one of the world’s largest discoveries in recent years, with a view to meeting domestic gas needs, its energy minister said. Kosmos Energy, which has a 90% stake, became the operator of the Yakaar-Teranga …

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Romania extends OMV Petrom permits; onshore royalty tax to jump

10 Dec 2025

BUCHAREST, Dec 10 (Reuters) – Romania’s coalition government said on Wednesday it had extended exploration and production permits for energy group OMV Petrom, and agreed with the company to raise its onshore royalty taxes by about 40%. OMV Petrom, majority-controlled by Austria’s OMV, supplies roughly one third of Romania’s gas and fuels as well as …

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Uganda to receive up to $1.7 billion of US funding under Trump health plan

10 Dec 2025

KAMPALA, Dec 10 (Reuters) – Uganda will get up to $1.7 billion of U.S. funding for its health sector over the next five years, making it the latest African country to agree a pact with the Trump administration since it overhauled its approach to foreign aid. Kenya and Rwanda agreed similar deals in recent days …

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Glencore to ship first cobalt cargo under Congo’s new quota system

10 Dec 2025

(Corrects paragraph 3 to make clear global output is 280,000 metric tons) By Ange Kasongo, Pratima Desai and Maxwell Akalaare Adombila KINSHASA/LONDON, Dec 9 (Reuters) – Glencore has become the first miner to export cobalt under Democratic Republic of Congo’s new quotas, sending a small initial shipment to test the system, one government source and …

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Egypt opens bid for private companies to operate Hurghada International Airport

10 Dec 2025

DUBAI, Dec 10 (Reuters) – Egypt’s Civil Aviation Ministry has announced the opening of bids for private companies to manage, operate and develop the Hurghada International Airport, according to a statement published on Wednesday. (Reporting Jana Choukeir; Writing by Elwely Elwelly; Editing by Jan Harvey)

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