ABUJA (Reuters) -Nigeria’s headline inflation rate eased for a fifth straight month in August, helped by a slowdown in food inflation, official data showed on Monday. The decline to 20.12% year on year from 21.88% in July could bolster the case for the Central Bank of Nigeria to start cutting interest rates at a monetary …
Nigeria inflation eases for fifth month in August Read More »
ACCRA (Reuters) -Ghana’s decision to accept West Africans deported from the United States is not an endorsement of President Donald Trump’s immigration policy, and the country is not receiving anything in return, the foreign minister said on Monday. President John Dramani Mahama last week said Ghana had agreed to welcome an unspecified number of deportees …
Decision to take deportees not an endorsement of Trump’s policy, Ghana says Read More »
By Emma Farge GENEVA (Reuters) -A landmark agreement to curb billions of dollars in subsidies contributing to overfishing came into force on Monday, the World Trade Organization said – a move activists hailed as a step towards helping global fish stocks recover. It was the first agreement to take effect at the WTO since 2017 …
Deal to curb billions in overfishing subsidies comes into force at WTO Read More »
JOHANNESBURG (Reuters) -South Africa’s longer-term inflation expectations fell to their lowest level on record, a quarterly survey showed on Monday, after the central bank said it would aim for a lower inflation level. Analysts, business people and trade unions now expect annual inflation to average 4.2% over the next five years, down from 4.4% in …
South Africa’s longer-term inflation expectations drop to record low Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) -South African financial markets have outperformed expectations, with the Johannesburg Stock Exchange (JSE) reaching record highs and the rand/dollar exchange rate rising despite a threat to exports from 30% U.S. tariffs. However, growth in Africa’s largest and most industrialised economy has been stuck at around 1% for a decade and …
South African markets soar despite weak economic data, slow reforms Read More »
By Sonia Rolley and Daphne Psaledakis PARIS/WASHINGTON (Reuters) -Rwanda and the Democratic Republic of Congo will commit to working with third parties, including the U.S., to revamp their mineral supply chains and develop reforms, according to a draft of an economic framework seen by Reuters, as they seek to spur investment following a peace deal …
By Erwin Seba (Reuters) – Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S. West Texas Intermediate crude finished at $62.69, a gain of …
LAGOS (Reuters) -Frontline doctors in Nigeria’s public hospitals began a five-day strike on Friday over unpaid allowances and unresolved welfare concerns, their union said. Kazeem Odumbaku, secretary general of the Nigerian Association of Resident Doctors (NARD), told Reuters the government had failed to meet their demands include disbursing the 2025 medical residency training fund and …
Nigerian public doctors strike over pay and welfare issues Read More »
BLANTYRE (Reuters) -Malawians will vote for their next president, members of parliament and local councillors on September 16 after five years of increasing economic hardship that was compounded by a series of natural disasters. Political analysts expect the Southern African country’s presidential election to be a two-horse race between current President Lazarus Chakwera and his …
Factbox-Key issues for voters in Malawi’s 2025 elections Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar weakened against major currencies such as the euro and yen on Thursday, as modestly hotter August inflation data and weaker-than-expected initial jobless claims reinforced the view that the Federal Reserve will resume cutting interest rates next week. In afternoon trading, the dollar was down 0.3% …
US dollar retreats as inflation runs warm, jobless claims tick higher Read More »
