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Libya’s eastern parliament approves new central bank board of directors

BENGHAZI (Reuters) – The presidency of Libya’s eastern-based parliament approved on Monday the appointment of a new board of directors of the central bank, after a new governor and his deputy were agreed last month, a parliament spokesman said. Spokesman Abdullah Belhaiq posted the decision on social media platform X. The decision shows that the …

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Nigeria approves Exxon-Seplat deal after more than two years

ABUJA (Reuters) -Nigeria has approved the sale of Exxon Mobil Corp’s onshore assets to Seplat Energy, the chief executive officer of the country’s upstream regulator said on Monday, more than two years after the $1.28 billion deal was first agreed. The sale had been under scrutiny as it awaited regulatory approval since it was first …

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World stocks start week on back foot, but gold, bitcoin shine

By Medha Singh and Rae Wee LONDON (Reuters) -Global stocks kicked off the week on a the back foot on Monday, after strong gains last week, while increasing bets on Donald Trump winning the looming U.S. presidential election helped send bitcoin and gold to new peaks. Heightened uncertainty over conflict in the Middle East added …

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Strong U.S. economy and ‘Trump trades’ boost dollar

By Vidya Ranganathan and Harry Robertson SINGAPORE/LONDON (Reuters) -The dollar climbed on Monday and cryptocurrency bitcoin hit a three-month high as a rise in U.S. bond yields and the looming presidential election continued to impact markets. Currency moves last week were driven by the European Central Bank’s dovish rate cut and strong U.S. data that …

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As poor nations’ default wave peaks, cash shortage could take its place

By Libby George and Karin Strohecker LONDON (Reuters) -The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia concluding years of painful debt reworks. But the International Monetary Fund and others worry that a dangerous liquidity shortfall could take its place in many emerging economies – …

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Sudanese army reports first defection of senior RSF commander

By Khalid Abdelaziz (Reuters) -Sudan’s army said on Sunday a commander from its foe the Rapid Support Forces had defected with some of his troops, the first such move by a senior figure since the two sides went to war more than 18 months ago. Supporters of the army posted photos online purporting to show …

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South African rand slips as investors eye inflation data

JOHANNESBURG (Reuters) – South Africa’s rand slipped against a stronger dollar on Monday, as investor focus shifts towards local inflation figures due later this week. At 0706 GMT, the risk-sensitive rand traded at 17.64 against the dollar, 0.3% weaker than its previous close. The dollar index was last up about 0.15% against a basket of …

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Mali to pay off $332 million of internal debt, says minister

BAMAKO (Reuters) – Mali will pay off 200 billion CFA francs ($332 million) of its internal debt from next week until the end of the year in a bid to ease its debt burden, its economy minister said on state television. The junta-led West African nation’s economy has been rocked by two coups in 2020-2021 …

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President Sisi warns regional troubles may force Egypt to re-evaluate IMF accord

CAIRO (Reuters) – President Abdel Fattah al-Sisi warned on Sunday Egypt may be forced to re-evaluate its $8 billion programme with the IMF if international institutions do not take into account the extraordinary regional challenges the country is facing. Egypt signed an $8 billion financial support package with the International Monetary Fund in March that …

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WHO says it has certified Egypt as malaria free

CAIRO (Reuters) – The World Health Organization said on Sunday it had certified Egypt as malaria free, marking the elimination of a disease that had been present in the country since ancient times. The WHO grants certification to countries that have proven beyond reasonable doubt that the chain of indigenous malaria transmission by Anopheles mosquitoes has been …

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