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CAIRO (Reuters) – Egypt could begin transitioning from subsidising essential commodities to providing direct cash assistance to its poorest citizens as early as the next fiscal year (July to June), Prime Minister Mostafa Madbouly said on Thursday. Currently, Egypt subsidizes essential commodities for more than half of its population. Over 60 million people have access …

Egypt eyes shift from commodity subsidies to cash payments by July 2025, PM says Read More »

By Nyasha Chingono HARARE (Reuters) – Zimbabwe’s rule requiring exporters to exchange 25% of their dollar export earnings into local currency is hampering the horticulture sector’s recovery, two decades after land seizures hit output, a growers’ group said on Thursday. The southern African country is slowly restoring horticultural exports, which peaked at $140 million in …

Zimbabwe’s forex rule stunts horticulture recovery, growers say Read More »

By Patrick Werr CAIRO (Reuters) – Lending to the government by Egypt’s central bank continued to climb in the last fiscal year, according to the central bank’s newly released annual budget, even as inflation has slid from an all-time peak in September. Economists say such lending by the central bank risks undermining the economy by …

Egypt central bank expands lending to government, but inflation slows Read More »

DAKAR (Reuters) – Africa has secured less than 10% of the estimated $245 million it needs to fight a surging mpox outbreak on the continent, a senior official from the Africa Centres for Disease Control and Prevention (Africa CDC) said on Wednesday. The continent is under pressure to curb an outbreak of the potentially deadly …

Africa’s mpox response is less than 10% funded, says Africa CDC Read More »

(Reuters) – Libya’s latest oil shutdown has pushed up global energy prices. This explains the situation.  HOW DID WE GET HERE? Since the 2011 NATO-backed uprising that toppled Muammar Gaddafi and thrust Libya into chaos, access to its oil wealth has become the biggest prize for all political factions and armed groups. Both small local …

Explainer-What’s behind Libya’s oil shutdown Read More »