Reuters Africa Business

JOHANNESBURG (Reuters) -South Africa’s rand edged higher on Friday after the release of a purchasing managers’ index (PMI) for the domestic manufacturing sector, and U.S. jobs data. At 1512 GMT, the rand traded at 17.5675 against the U.S. dollar, about 0.2% stronger than its previous close. South African manufacturing activity grew in October, a local …

South African rand edges higher after manufacturing PMI, US jobs data Read More »

LUANDA (Reuters) -Angola’s government anticipates a budget deficit of 1.65% of gross domestic product in 2025, slightly higher than this year’s projected 1.46% deficit, draft budget documents showed. The draft 2025 budget of Africa’s second-largest crude oil exporter is based on a $70 a barrel oil price, according to the documents posted on the finance …

Angola’s draft budget forecasts 2025 deficit of 1.65% of GDP Read More »

By Duncan Miriri and Karin Strohecker NAIROBI/LONDON (Reuters) – From Nairobi to Accra, leaders of countries facing debt strains and public wrath over rising food and fuel prices have turned to the IMF as a last-ditch lender – but say they get little say in the policymaking that ultimately determines their fate. This week, a …

Analysis-Africa leaders see extra IMF seat as starting block for bigger voice Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices extended gains after settlement on Thursday, rising by more than $2 per barrel on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. WTI crude oil futures jumped $2.15 or 3.13% to $70.76 after settlement at 3:22 p.m. EDT, and Brent …

Oil gains more than $2 after settlement on reports Iran preparing Israel attack Read More »

By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) -The dollar fell against the yen on Thursday, after the Bank of Japan’s less dovish remarks and U.S. data suggested upward price pressures continue to ease, keeping the Federal Reserve on track to cut interest rates by 25 basis points next week. Data on Thursday …

Dollar falls against yen, US data leaves rate cut hopes intact Read More »

LONDON – Private equity giant Carlyle Group has sold its majority holdings in Tunisia-focused oil and gas producer Mazarine Energy to the company’s CEO Edward van Kersbergen, Mazarine said on Thursday. Carlyle International Energy Partners, the fund’s non-U.S. energy investment arm, invested in Mazarine in 2016 as one of several of the fund’s investments in …

Carlyle sells holding in Tunisia-focused Mazarine Energy to CEO Read More »

JOHANNESBURG (Reuters) -South Africa’s rand was broadly steady on Thursday following the release of local producer inflation and trade balance data, a day after the finance minister delivered the mid-term budget. At 1507 GMT, the rand traded at 17.6725 against the U.S. dollar, not far from its previous close. The dollar last traded about 0.07% …

South African rand steady after producer inflation, trade data Read More »