By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of…
Eskom’s outgoing CEO says lack of political support made position ‘untenable’
JOHANNESBURG (Reuters) – André de Ruyter, the outgoing CEO of crisis-hit South African state power utility Eskom, said on Thursday…
Ghana begins tackling debt restructuring pain as it secures IMF deal
(This Dec.14 story has been corrected to fix the company name to PineBridge Investments) By Rachel Savage JOHANNESBURG (Reuters) –…
Meta accused in lawsuit of allowing posts that inflamed Ethiopia conflict
By Katie Paul and Ayenat Mersie (Reuters) – Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday…
Nigeria’s inflation quickens to 21.47% in November
ABUJA (Reuters) – Inflation in Nigeria accelerated for the 10th straight month to 21.47% in November from 21.09% in October,…
IMF completes review of Benin loan program, disburses $144 million
WASHINGTON (Reuters) – The executive board of the International Monetary Fund on Wednesday said it had completed the first review…
Sub-Saharan Africa’s debt pressures to continue to rise – Fitch
By Rachel Savage JOHANNESBURG (Reuters) – The external debt service burden in Sub-Saharan Africa will continue to climb in the…
EM bulls outnumber bears for first time since July 2021 – HSBC survey
LONDON (Reuters) – A closely-followed HSBC survey has shown the share of investors upbeat on emerging market assets has doubled…
South Africa set to end tightening cycle in Q1 with 50 bps more
By Vuyani Ndaba JOHANNESBURG (Reuters) – The South African Reserve Bank will probably jack up interest rates by just 50…
Visa to invest $1 billion in Africa over 5 years to cash in on e-payments boom
By Mehnaz Yasmin (Reuters) – Visa Inc plans to invest $1 billion over the next five years in Africa to…