By Pulcherie Adjoha GLO-DJIGBE, Benin (Reuters) – On a large factory floor in southwestern Benin, dozens of young people cut,…
Egypt to develop new currency indicator to wean people off U.S. dollar
CAIRO (Reuters) – Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian…
Analysis-Poor nations face peril over elusive G-20 debt relief push
By Karin Strohecker and Andrea Shalal LONDON/WASHINGTON (Reuters) – A failure to secure meaningful progress on a debt relief for…
Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC
By Nelson Banya (Reuters) – An independent evaluation has put Yamana Gold’s mineral assets at between $6 billion and $8…
IMF, Malawi reach staff deal on $88 million emergency financing
JOHANNESBURG (Reuters) -The International Monetary Fund said on Friday that it had reached a staff-level agreement with Malawi for up…
Walmart doubles down on Africa despite a decade of frustration
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…