By Joe Bavier JOHANNESBURG – Cocoa growers in Ghana filed a complaint with state regulator Cocobod on Thursday listing key environmental and social issues, including a demand for a “living income” for farmers. The complaint, which was signed by 30 farmers, also raised concerns over continuing deforestation, child labour and the use of pesticides by …
Ghana’s cocoa farmers file complaint over prices and child labour Read More »
ACCRA (Reuters) – Ghana’s currency is expected to face more pressure in the next week to Thursday, Kenya’s could slip after weeks of stability and Uganda’s is seen strengthening, traders said. The Nigerian and Zambian currencies are expected to be little changed. GHANA Ghana’s cedi is facing headwinds because of persistent hard-currency demand driven by …
AFRICA-FX-Ghana’s currency seen taking further strain Read More »
By Ahmed Eljechtimi RABAT (Reuters) – Brazilian planemaker Embraer has signed a preliminary deal with Morocco to invest in the nation’s civilian and defence aerospace sector, including setting up a maintenance and repair plant, Morocco’s industry ministry said late on Wednesday. The new maintenance, repair and overhaul facility (MRO) is likely to boost Embraer’s chances …
Brazil’s Embraer pledges investment in Morocco’s aerospace sector Read More »
By Rachna Uppal DUBAI (Reuters) – Growth in the Middle East and North Africa region is expected to rebound to 4% next year, but will hinge on a phase out of oil production cuts and headwinds subsiding, including from conflicts, the International Monetary Fund said on Thursday. Growth in the region will remain “sluggish” at …
IMF projects 4% growth rebound in Middle East and North Africa next year Read More »
By Rachna Uppal DUBAI (Reuters) – The International Monetary Fund’s (IMF) $8 billion programme for Egypt is making progress, with the fund’s top regional official stating that any discussions to further increase the overall programme size are premature. The IMF increased the size of its loan to Egypt to $8 billion from $3 billion in …
Too early to discuss increasing Egypt’s loan, IMF official says Read More »
NAIROBI (Reuters) – The executive board of the International Monetary Fund has approved the seventh and eighth reviews of Kenya’s program, the IMF said on Wednesday, paving the way for the cash-strapped government to access a $606 million loan tranche. The East African nation and staff of the IMF announced an agreement on the seventh …
IMF board approves Kenya’s reviews, unlocking access to $606 million Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices weighed on chipmakers, while gold prices rose to a record high as uncertainty ahead of next week’s U.S. presidential election drove safe-haven demand. British stocks hit their lowest level since August as UK Finance …
Stocks fall with chipmakers, gold hits record high Read More »
By Nicole Jao NEW YORK (Reuters) -Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase. After falling more than 6% earlier in the week on the reduced risk of wider Middle …
Oil rises on US stockpiles drawdown, OPEC+ mulls output hike delay Read More »
By Kopano Gumbi CAPE TOWN (Reuters) – South Africa’s Finance Minister Enoch Godongwana told Reuters on Wednesday that he was not yet convinced about lowering the country’s inflation target, a move which the central bank governor says is needed to make the economy more competitive. Teams from the central bank and National Treasury, which falls …
Exclusive-South African finance minister not yet convinced on lowering inflation target Read More »
JOHANNESBURG (Reuters) -The South African rand slipped on Wednesday as a keenly awaited budget speech by the finance minister failed to impress investors. At 1551 GMT, the rand traded at 17.6825 against the U.S. dollar, down about 0.2% from its previous close. South Africa’s government on Wednesday forecast wider budget deficits and higher debt over …
South African rand slips as budget speech fails to impress Read More »
