By Libby George and Karin Strohecker LONDON (Reuters) – The Republic of Congo’s Finance Minister Christian Yoka has pledged to ease the country’s debt strains and servicing costs by tackling borrowing and spending. In his first interview since taking office earlier this month, Yoka said he was working urgently to address the challenges facing sub-Saharan …
Republic of Congo’s new finance minister targets debt reduction Read More »
JOHANNESBURG (Reuters) -The South African rand jumped on Monday as markets waited for U.S. President-elect Donald Trump’s policy announcements for clarity on his administration’s fiscal stance. At 1430 GMT the rand traded at 18.58 against the U.S. dollar, about 1% stronger than its previous close. The greenback was down about 1% against a basket of …
South African rand jumps ahead of Trump’s policy announcements Read More »
ABIDJAN (Reuters) – Rains were scarce in most of top grower Ivory Coast’s main cocoa regions last week and more are needed to boost the April-to-September mid-crop, farmers said on Monday. Ivory Coast, the world’s top producer of the main ingredient in chocolate, has its dry season from mid-November to March when rainfall is poor. …
Rains scarce in Ivory Coast cocoa regions last week Read More »
KAMPALA (Reuters) – The Ugandan shilling firmed against the dollar on Monday, underpinned by healthy hard currency inflows from charities and commodity exporters, traders said. At 0920 GMT commercial banks quoted the shilling at 3,668/3,678, compared to Friday’s closing of 3,680/3,690. (Reporting by Elias Biryabarema; Editing by Hereward Holland)
NAIROBI (Reuters) – Kenya’s shilling was unchanged against the U.S. dollar on Monday, data from the London Stock Exchange Group showed. At 0935 GMT, the shilling traded at 129.25/129.75 per dollar, the same level as at the close of trading on Friday. (Reporting by Hereward Holland; Editing by Alexander Winning)
NAIROBI (Reuters) – Mozambique’s sole international market bond tumbled in value on Monday after a news report that the new government is weighing a debt restructuring following weeks of post-election protests that have impacted state revenues. The bond, which matures in September 2031, dropped more than 2 cents on the day to 81.5 cents on …
Mozambique’s government bond tumbles on debt restructuring report Read More »
By Ahmed Elumami TRIPOLI (Reuters) – Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before …
KINSHASA (Reuters) – Democratic Republic of Congo has launched a probe into the embezzlement of over $300 million from state miner Gecamines between 2012 and 2020, the justice ministry said in a statement on Saturday. Gecamines, which holds minority stakes in several of the world’s largest copper and cobalt projects, has long been dogged by …
DR Congo justice ministry orders probe into state mining company embezzlement Read More »
(Reuters) – Most army-controlled areas in Sudan have been plunged into blackouts following drone attacks on power generation facilities by the paramilitary Rapid Support Forces, government officials and residents told Reuters. The blackouts began on Monday after drone attacks on Merowe Dam, the country’s largest, affected Sudan’s northern state, while a technical issue affected River …
Blackouts hit wide swathes of army-controlled Sudan after drone attacks Read More »
By Sinéad Carew and Samuel Indyk NEW YORK LONDON (Reuters) -MSCI’s global equities index rose on Friday while U.S. Treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to help investors shrug off any jitters ahead of the U.S. presidential inauguration. The U.S. dollar strengthened against major peers after four …
Global shares rise with dollar, US bond yields turn higher Read More »
