Reuters Africa

Zambia official creditors, IMF voice ‘reservations’ on bondholder deal

By Rachel Savage JOHANNESBURG (Reuters) -Zambia’s official creditors and the International Monetary Fund have “expressed reservations” about a debt restructuring deal the government has reached in principle with an international bondholder group, the finance ministry said Friday. Zambia and the bondholder group’s steering committee are continuing talks after the official creditor committee and the IMF …

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South Africa’s TFG earnings fall, optimistic about Black Friday

By Nqobile Dludla JOHANNESBURG (Reuters) -South Africa’s TFG is optimistic about trading ahead of Black Friday and Christmas but wary of the impact of power cuts, its CEO said on Friday after the fashion retailer posted a 15.3%in half-year earnings. Retailers also face cost of living pressures as interest rates remain high and inflation continues …

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Evacuations from Gaza Strip resume through Egypt’s Rafah crossing

CAIRO (Reuters) -Evacuations from the Gaza Strip into Egypt for foreign passport holders and Palestinians needing medical treatment resumed through the Rafah crossing on Thursday after being suspended for a day, Egyptian security and medical sources said. Departures from Rafah, the only crossing to the besieged enclave that does not border Israel, had been paused …

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Leader of Madagascar’s national assembly calls for election to be suspended

By Lovasoa Rabary ANTANANARIVO (Reuters) – The leader of Madagascar’s lower house of parliament called on Friday for the presidential election, whose first round is scheduled for Nov. 16, to be suspended, saying conditions for the vote had not been met. Despite not having legal weight, Christine Razanamahasoa’s appeal signals the deepening isolation of President …

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US Treasury’s Adeyemo hopes Congress will extend US-Africa program

By Andrea Shalal NEW YORK (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Thursday said he hoped Congress would extend a trade program that grants exports from qualifying African countries duty-free access to the U.S. market, hailing the strategic opportunities in the region. Adeyemo told the Reuters NEXT conference that the two-decade-old African Growth …

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Uganda central banker sees progress in talks with World Bank over anti-gay law

By Andrea Shalal NEW YORK (Reuters) – Uganda has made good progress in talks with the World Bank over the country’s anti-gay law, the country’s central bank deputy governor said on Thursday. The World Bank in August halted all new lending to Uganda over the country’s anti-LGBTQ+ law, considered the harshest in the world. It …

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