By Kopano Gumbi PRETORIA (Reuters) – South Africa’s economic growth rate quickened in the second quarter of 2025, reaching its fastest in two years, though it remains well below the level needed to meaningfully reduce high levels of poverty and inequality. Statistics South Africa recorded growth of 0.8% in quarter-on-quarter terms, better than economists’ predictions …
South African growth rate quickens though still sluggish Read More »
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – MSCI’s global equities gauge rose on Monday, while U.S. Treasury yields declined with the dollar on the prospects of lower interest rates and investors around the world grappled with political uncertainty in countries from Japan and Indonesia to France and Argentina. A heavy election defeat …
Stocks rise on rate cut bets, political upheaval unsettles currencies globally Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar extended its decline on Monday in the wake of Friday’s weak U.S. jobs report, which all but cemented an interest rate cut this month, even as the yen fell after Japanese Prime Minister Shigeru Ishiba announced his resignation over the weekend. In Europe, the euro showed …
US dollar falters on rate outlook, yen retreats amid Japan uncertainty Read More »
(Reuters) – BP has signed a preliminary agreement with the Egyptian Natural Gas Holding Company (EGAS) to drill five new deepwater gas wells in the Mediterranean Sea, Egypt’s Petroleum Ministry said on Monday. The memorandum of understanding with state-owned EGAS comes as Egypt seeks to boost exploration and production. Egypt, once a regional exporter, has …
BP signs preliminary deal with Egypt’s EGAS to drill five Mediterranean gas wells Read More »
By Dawit Endeshaw and Duncan Miriri ADDIS ABABA (Reuters) – African leaders aim to offer a global model for tackling the climate crisis through green investments, they said on Monday, after the United States’ withdrawal from the Paris climate agreement deflated the fight against climate change. The continent, which has been buffeted by landslides, floods …
African leaders seek to offer climate model after US pullback Read More »
JOHANNESBURG (Reuters) – The South African rand was stronger on Monday as markets awaited the release of local gross domestic product (GDP) figures for clues on the health of Africa’s largest economy. At 1502 GMT the rand traded at 17.5175 against the dollar, roughly 0.5% up on Friday’s close. Statistics South Africa is set to …
South African rand firms as markets await GDP data Read More »
DAKAR (Reuters) – Senegal has raised its 2025 oil output forecast for the Sangomar offshore field operated by Australia’s Woodside Energy Group to 34.5 million barrels from 30.53 million, the energy ministry said on Monday. The Sangomar field started output in June 2024, making Senegal an oil-producing nation. From January to August, Sangomar produced more …
Senegal raises 2025 forecast for Sangomar oil output Read More »
CAIRO (Reuters) -Egypt’s annual headline inflation rate is forecast to have slowed in August to 12.7%, continuing a downward trend over the last two years as the government tightens its monetary policy, a Reuters poll found. The median forecast of 13 analysts polled by Reuters was for annual urban consumer inflation to have eased to …
Egypt inflation seen slowing to 12.7% in August: Reuters poll Read More »
(Reuters) -Kenya Tourism Board said on Monday that it has partnered with Visa to develop marketing campaigns, improve payment accessibility and promote both cross-border and domestic tourism spending. As part of the partnership, Visa will provide access to its Government Insights Hub, which is a data and analytics platform offering insights into travel patterns, peak …
Kenya tourism board partners with Visa to boost travel spending Read More »
CAIRO (Reuters) – Egypt-listed real estate firm Emaar Misr for Development signed a deal to build a tourism development on the Egyptian Red Sea with Saudi Arabian and Emirati partners, saying the project could eventually generate investments worth 900 billion Egyptian pounds ($18.58 billion). Senior officials from the companies involved – Emaar Misr for Development, …
Emaar Misr signs deal for multi-billion dollar Egypt Red Sea tourism development Read More »
