By Nqobile Dludla JOHANNESBURG (Reuters) – In 2011, U.S. retail giant Walmart Inc made a bet on Africa, buying a…
Ghana traders close shops to protest worsening economy
ACCRA (Reuters) – Streets were quiet in the normally bustling heart of Accra’s central business district on Wednesday as traders…
Australia’s Syrah to expand U.S graphite plant after $220 million grant
(Reuters) – Australia’s Syrah Resources on Thursday announced plans to expand its Louisiana graphite anode plant fourfold after being selected…
African banks increasingly worried about funding costs, survey shows
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual…
Factbox-Energy crisis revives coal demand and production
(Reuters) – High natural gas prices and global competition for the fuel have driven more demand for thermal coal for…
Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC
By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) -New steps from Group of Seven countries to cap Russian oil sales…
Morocco’s government targets 4% economic growth in 2023
RABAT (Reuters) – The Moroccan government has prepared a draft budget envisaging economic growth at 4%, a fiscal deficit at…
Malawi close to sealing $54 million IMF emergency funding for economic shock
By Frank Phiri LILONGWE (Reuters) – International Monetary Fund approval of up to $54 million of emergency funding for Malawi…
Investors start to expect “policy capitulation” – BofA
MILAN (Reuters) – Investors raised cash levels further in October to their highest in 21 years, as sentiment towards the…
IMF reaches staff agreement with Somalia, eyes debt forgiveness in late 2023
WASHINGTON (Reuters) – International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release…