KAMPALA (Reuters) -Uganda plans to cut its overall spending in the 2026/27 (July-June) financial year by 4.1% and will reduce its domestic debt issuance to trim interest payments, a Ministry of Finance document published on Wednesday showed. The East African country projects its public spending in the 12 months starting in July at 69.4 trillion …
Uganda to cut public spending, domestic borrowing in 2026/27 FY Read More »
By Sfundo Parakozov and Anathi Madubela JOHANNESBURG (Reuters) – South African inflation unexpectedly slowed in August thanks to softer fuel and food prices, with some analysts saying the central bank might now decide to cut interest rates on Thursday. Headline consumer inflation fell to 3.3% year-on-year from 3.5% in July, lower than the 3.6% forecast …
South African inflation surprise makes Thursday’s rate decision a close call Read More »
French energy major TotalEnergies said on Tuesday that it had been awarded four offshore exploration contracts by the Liberian government, marking the return of exploration activities in offshore Liberia. Over the last decade, the Liberian government has been striving to reform its oil sector, passing laws to try to attract investors after limited interest has …
TotalEnergies wins four offshore exploration permits in Liberia Read More »
HARARE (Reuters) -Zimbabwe has agreed a $455 million, 15-year concession deal with the Africa-focused unit of India’s Jindal Steel for the refurbishment of a 920 megawatt coal-fired power plant, the energy minister said. The work on six ageing units at the Hwange thermal power station is expected to take four years, July Moyo said during …
Zimbabwe agrees $455 million power plant refurbishment deal with Jindal Read More »
KAMPALA (Reuters) -Uganda plans to borrow $358 million from regional and private lenders to finance various projects, including a power grid interconnection with neighbouring South Sudan, according to a finance ministry official. The credit will be sourced from the African Development Fund, an arm of the African Development Bank, the Arab Bank for Development in …
Uganda to borrow $358 million for power line to South Sudan, other projects Read More »
(Removes extraneous “as” in headline, no other change to text) By Chibuike Oguh and Sara Rossi NEW YORK/LONDON (Reuters) – An index of world equity markets edged higher in choppy trading after hitting a record high on Tuesday ahead of the widely expected start of the Federal Reserve’s interest rate cutting cycle, while U.S. Treasury …
World shares edge higher, US yields drop ahead of Fed Read More »
By Shariq Khan NEW YORK (Reuters) – Oil prices rose over a dollar a barrel on Tuesday, as traders weighed the possibility that Russian supplies may be disrupted by Ukrainian drone attacks on its ports and refineries, and awaited the Federal Reserve’s decision on U.S. interest rates. Brent crude futures settled up $1.03, or 1.5%, …
Oil settles over 1% higher as Ukraine drone attacks target Russian supply Read More »
By Frank Phiri BLANTYRE (Reuters) – Malawi voted on Tuesday in what is expected to be a close race between President Lazarus Chakwera and his predecessor Peter Mutharika, with a cost-of-living crisis and food shortages key issues for one of the world’s poorest countries. Another 15 candidates, including former President Joyce Banda, are also contesting …
Malawi votes for president with economic woes looming large Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell across the board on Tuesday, hitting a four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week. The euro rose by 0.9% higher to $1.1867, its highest level since September 2021. The U.S. dollar index, which …
Dollar falls to four-year low vs euro with Fed rate decision on tap Read More »
By Amindeh Blaise Atabong YAOUNDE (Reuters) -Black pod disease is ravaging cocoa plantations in Cameroon’s Southwest region, one of the country’s top cocoa belts, driven by weeks of heavy rains and a surge in counterfeit agrochemicals, an official and industry figures said on Tuesday. Brown rot or black pod disease is a fungal disease that …
Black pod disease devastates cocoa farms in southwest Cameroon Read More »
