ADDIS ABABA (Reuters) – Ethiopia’s year-on-year inflation < fell to 34.0% in June from 37.2% a month earlier, the statistics office said on Monday. Month-on-month inflation was 4.5% from 2.6% in May, the Central Statistics Agency said in a statement. (Reporting by Addis Ababa Newsroom; Writing by George Obulutsa; Editing by Duncan Miriri)
By Andrea Shalal WASHINGTON (Reuters) – Zambia’s official creditors are expected to offer it financial assurances by the end of July, paving the way for the first debt restructuring under a G20 framework set up during the height of the COVID-19 pandemic, two sources briefed on the matter said. Zambia would be the first of …
Zambia’s creditors seen offering financial assurances by end-July -source Read More »
(Corrects story to remove the word subsidy in headline and text) ABIDJAN (Reuters) -Major cocoa buyers have agreed to pay a premium and back a price floor on cocoa sold by Ivory Coast and Ghana as part of an agreement reached on Friday to combat poverty among farmers. Cocoa industry players will back a fixed …
Cocoa buyers back Ivory Coast and Ghana’s cocoa premium schemes Read More »
(Reuters) – South Africa’s rand weakened against the dollar on Friday, as strong U.S. job data cemented expectations that the Federal Reserve may hike interest rate by another 75 basis points later this month. At 1600 GMT, the rand traded at 16.8800 against the dollar, 0.99% weaker than its previous close. The rand, which has …
South African rand weakens after strong U.S. jobs data Read More »
ZURICH (Reuters) -Three organisations have filed a criminal complaint to federal prosecutors in Switzerland, alleging a failure to exercise due diligence at UBS in relation to funds they say were received by an alleged associate of former Congolese president Joseph Kabila. The complaint, filed by Swiss campaign group Public Eye, alongside two other groups, relates …
Criminal complaint filed against UBS over DRC-linked funds Read More »
(Reuters) -South Africa’s rand weakened against the dollar on Friday, as strong U.S. job data cemented expectations that the Federal Reserve may hike interest rate by another 75 basis points later this month. At 1600 GMT, the rand traded at 16.8800 against the dollar, 0.99% weaker than its previous close. The rand, which has hit …
South African rand weakens after strong U.S. jobs data Read More »
By Rachel Savage LONDON (Reuters) – The head of one of Tanzania’s biggest firms, Mohammed Dewji, said he plans to float an agriculture company worth up to $4 billion in New York or London next year, with money raised mainly from development banks. Russia’s invasion of Ukraine in February sent global grain and fertiliser prices …
Tanzanian entrepreneur Dewji plans $2-4 billion grains production investment via SPAC Read More »
(Corrects attribution of Moody’s comment, final paragraph) By Cooper Inveen and Rachel Savage ACCRA (Reuters) -Hundreds took to the streets of Ghana’s capital Accra last week to protest over its deteriorating economy. Days later, the government of one of West Africa’s most prosperous nations announced it would begin formal talks with the International Monetary Fund …
(Reuters) -South Africa’s rand recovered slightly on Thursday after hitting a 21-month low a day earlier as traders awaited key U.S. data that could give clues to the pace of inflation amid fears of a global recession. At 1630 GMT, the rand traded at 16.7400 against the dollar, 0.34% firmer than its previous close. It …
South African rand recovers slightly ahead of key U.S. data Read More »
(Reuters) -South Africa’s rand recovered slightly on Thursday after hitting a 21-month low a day earlier as traders awaited key U.S. data that could give clues to the pace of inflation amid fears of a global recession. At 1630 GMT, the rand traded at 16.7400 against the dollar, 0.34% firmer than its previous close. It …
South African rand recovers slightly ahead of key U.S. data Read More »
