DUBAI (Reuters) -Egypt’s annual urban consumer price inflation accelerated to 13.6% in March from 12.8% in February, higher than analysts had expected, data from the state statistics agency CAPMAS showed on Thursday. The median forecast of analysts polled by Reuters was for annual urban consumer inflation to have slipped to 12.6%. Month on month, prices …
Egypt’s headline inflation increases to 13.6% in March Read More »
MOGADISHU (Reuters) – Somalia has signed a $306.5 million debt relief deal with the Arab Monetary Fund (AMF), in what the government in Mogadishu called a critical milestone in its economic reform programme. The Horn of Africa country’s government is trying to revive its economy after it was battered by decades of civil war. It …
Somalia signs $306.5 million debt relief deal with Arab Monetary Fund Read More »
JOHANNESBURG (Reuters) – Anglo American said on Thursday the situation at its Moranbah North coal mine is stable and there is no evidence of damage after a fire outbreak underground. Moranbah is part of a suite of steelmaking coal assets that Anglo is selling to Peabody Energy in a $3.78 billion deal that is expected …
Anglo’s Australian coal mine stable after underground fire Read More »
By Karl Plume CHICAGO (Reuters) -Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties on China. U.S. natural gas prices jumped 10% and …
Energy, metals and grains surge after Trump tariff pause Read More »
By Duncan Miriri NAIROBI (Reuters) – Voters in Gabon will go to the polls on Saturday in a presidential election as the country’s junta leader seeks democratic legitimacy after taking power in a 2023 coup. WHO IS RUNNING IN THE ELECTION? Brice Oligui Nguema faces seven other candidates, including Alain Claude Bilie By Nze, former …
Explainer-Key issues for investors in Gabon’s presidential election Read More »
By Nicole Jao NEW YORK (Reuters) – Oil prices climbed more than 4% on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump said he would further increase tariffs on China but pause the tariffs he announced last week for most other countries. Trump authorized a 90-day pause and …
Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy Read More »
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc on Wednesday after President Donald Trump announced a 90-day pause on many new tariffs on trading partners, but escalated a confrontation with Beijing by hiking duties on Chinese goods. Trump said he had …
US dollar rebounds against safe-haven currencies after Trump pauses tariffs Read More »
By Tannur Anders and Sfundo Parakozov JOHANNESBURG (Reuters) -The rand struck an all-time low in jittery trade on Wednesday, as U.S. President Donald Trump’s trade war and the risk that South Africa’s market-friendly coalition government could split unnerved investors. The rand fell as low as 19.9325 to the dollar, weaker than the previous record low …
South African rand hits record low on new tariffs and coalition risk Read More »
ACCRA (Reuters) -Ghana has kept the fixed farmgate price paid to cocoa farmers unchanged, according to a letter from regulator Cocobod to licensed buyers seen by Reuters. Last week Ivory Coast raised the 2024/2025 state-guaranteed mid-crop price paid to cocoa farmers by 22% to boost revenue for farmers. (Reporting by Emmanuel BruceWriting by Anait MiridzhanianEditing …
Ghana keeps farmgate cocoa price unchanged, Cocobod letter shows Read More »
By Tiemoko Diallo BAMAKO (Reuters) – State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code entered into force, a mines ministry document seen by Reuters on Wednesday showed. Mali is one of Africa’s biggest gold producers …
Mali state gold mining revenue jumps 52.5% in 2024 Read More »
