By Lisa Pauline Mattackal (Reuters) – Prices of Rwanda’s dollar bond fell on Monday after M23 rebels backed by the country entered the largest city in the east of neighbouring Democratic Republic of Congo, in a sharp escalation of a long running conflict. An alliance spearheaded by the ethnic Tutsi-led M23 militia marched into Goma, …
Rwanda’s dollar bond slips after M23 enters Congo’s Goma Read More »
By Gus Trompiz PARIS (Reuters) – France faces its worst wheat exports in decades as a rift with Algeria, a lull in Chinese demand and a dire harvest accelerate a loss of market share for the European Union’s top grain grower to cheaper producers like Russia. Shrinking wheat exports are another setback for French farmers, …
Analysis-French wheat exports slump on poor crop, Algeria spat and Russian rivalry Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped on Monday ahead of a week packed with domestic and international data releases, with eyes set on interest rate decisions from the Federal Reserve and the South African Reserve Bank (SARB). At 1424 GMT, the rand traded at 18.72 against the dollar, about 1.7% weaker than its previous close. …
South African rand weakens ahead of data-filled week Read More »
By Duncan Miriri DAR ES SALAAM (Reuters) – Several African nations committed on Monday to open up their electricity sectors to attract investors and light up homes of 300 million people currently lacking power in the next six years. The continent has the highest number of people without access to electricity globally and is racing …
African nations seek to connect 300 million people to power by 2030 Read More »
By Christian Akorlie ACCRA (Reuters) -Ghana’s central bank left its main interest rate unchanged on Monday, saying that inflation was expected to start falling again and that detailed talks on monetary policy were difficult before the new government publishes its economic policy plans. It was the second meeting in a row that the Bank of …
Ghana central bank holds key rate, awaits new government’s policy plans Read More »
CAPE TOWN (Reuters) – Mozambique’s Maputo port began construction on the first phase of its planned $2 billion expansion project on Monday, a senior port official said. The $164 million first phase will more than double the container terminal’s capacity from the current 255,000 twenty foot equivalent units (TEUs) a year to 530,000 TEUs when …
Mozambique’s Maputo port starts $2 billion expansion project Read More »
NAIROBI (Reuters) – Kenya’s shilling was unchanged against the dollar on Monday, data from the London Stock Exchange Group showed. At 1045 GMT, the shilling traded at 129.00/129.40 per dollar, the same as at the close of trading on Friday. (Reporting by Hereward Holland; editing by George Obulutsa)
KAMPALA (Reuters) – The Ugandan shilling weakened on Monday, undercut by strong hard currency demand by merchandise and fuel importers, traders said. At 0856 GMT commercial banks quoted the shilling at 3,691/3,701, compared to Friday’s close of 3,685/3,695. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
By Amanda Cooper and Koh Gui Qing NEW YORK/LONDON (Reuters) -The U.S. dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge. Trump told …
US dollar posts biggest weekly loss since November 2023 on tariff angst Read More »
By Georgina McCartney HOUSTON (Reuters) -Oil prices settled slightly higher on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC move to lower crude prices. Brent crude futures settled up 21 cents, or 0.27%, to $78.50 …
Oil prices settle pennies higher, down for week as Trump touts energy policy Read More »
