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South Africa investors face global growth threat after choppy politics

By Colleen Goko JOHANNESBURG -Investors have flocked to South Africa’s domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global growth slowdown are casting a long shadow. Africa’s most industrialized nation depends on foreign investor support to manage its debt load …

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Exclusive-IMF says no decision before May on Senegal waiver for misreported data

By Portia Crowe DAKAR (Reuters) -The International Monetary Fund will not decide before May whether Senegal must repay money disbursed under a now-frozen programme, it said on Thursday, meaning the West African nation will likely miss its goal of having a new programme in place by June. The IMF’s Senegal mission chief Edward Gemayel told …

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Gold starts coming back to Switzerland from US after exclusion from Trump’s tariffs

LONDON (Reuters) – Gold, which traders have been flying to New York since December as a precaution against the possibility of broad U.S. tariffs hitting bullion imports, is being shipped back to Switzerland, where it came from, official data shows. Swiss customs data on Thursday showed that the country’s gold imports from the U.S. rose …

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Ghana’s currency expected to post gains, Zambia seen under pressure

NAIROBI (Reuters) – Ghana’s cedi is expected to gain marginally against the U.S. dollar in the coming week, while Zambia’s kwacha is seen under pressure and Kenya’s shilling, Nigeria’s naira and Uganda’s shilling are forecast to be broadly stable, traders said. KENYA Kenya’s shilling is expected to hold steady in the next week. The shilling …

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IMF reaches staff-level agreement set to unlock $441 million for Tanzania

WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it had reached staff-level agreement with Tanzanian authorities that, once approved, would give the East African nation access to some $441 million in financing. The agreement was reached on a fifth review under its Extended Credit Facility (ECF) and a second review under its Resilience …

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Exclusive-Trump supporter Prince reaches deal with Congo to help secure mineral wealth

By Jessica Donati and Sonia Rolley (Reuters) – Prominent Trump supporter Erik Prince has agreed to help Democratic Republic of Congo secure and tax its vast mineral wealth, according to two sources close to the private security executive, a Congolese government official and two diplomats.     The agreement, aimed at reaping more revenue from an …

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Congo tin miner Alphamin says production restarts after rebels withdraw

JOHANNESBURG (Reuters) -Alphamin Resources said it restarted tin production at its Bisie mine in eastern Democratic Republic of Congo on Tuesday after rebels withdrew from a nearby town of Walikale. The miner said in a statement it is processing stockpiled tin ore and activities at its underground mine are planned to resume later this month …

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