By Andrea Shalal WASHINGTON (Reuters) -World Bank President David Malpass on Thursday said progress on sovereign debt issues would be measured by actual restructuring deals being agreed for Ghana, Ethiopia and Zambia, and said there was still no agreement on his longstanding call for a standstill in debt service payments for countries seeking help. Speaking …
By Karen Brettell NEW YORK (Reuters) – The dollar fell to a two-month low against a basket of currencies and a one-year low against the euro on Thursday after U.S. producer prices unexpectedly fell in March, boosting expectations that the Federal Reserve is near the end of its rate hiking cycle. The producer price index …
Dollar dips as producer prices cool, euro hits one-year high Read More »
NAIROBI (Reuters) -Kenya’s opposition alliance is prepared to negotiate with the government over electoral reforms and the high cost of living, while also resuming protests, opposition leader Raila Odinga said on Thursday. In early April, Odinga ended anti-government protests after an appeal from President William Ruto, but said at the time they could resume within …
Kenyan opposition ready to talk to government, resume protests Read More »
DUBAI (Reuters) – GDP growth in the Middle East and North Africa region will slow to 3.1% in 2023, from 5.3% a year ago, International Monetary Fund (IMF) Middle East and Central Asia department director Jihad Azour said on Thursday. Growth among MENA oil exporters will slow to 3.1% in 2023 from 5.7% in 2022, …
IMF forecasts slower Middle East, North Africa growth in 2023 Read More »
WASHINGTON (Reuters) – World Bank President David Malpass on Thursday said he hoped Zambia’s creditors, including China, would sign a memorandum of understanding on its debt restructuring this week or next. He said it was incumbent on China and other creditors to come forward with actual commitments to allow Zambia, which requested debt treatment under …
World Bank chief hopes Zambia can move forward on debt treatment this week or next Read More »
By Tarek Amara TUNIS (Reuters) – Tunisia’s coastguard has recovered 15 more bodies of migrants, bringing the death toll from a shipwreck off Tunisia to 25, a security official told Reuters on Thursday. A wooden boat packed with about 110 migrants sank on Wednesday off the coast of the city of Sfax. Seventy-six people were …
Death toll from migrant boat disaster off Tunisia rises to 25 Read More »
By Mohi Narayan (Reuters) – Russia boosted gasoline exports by nearly 50% year-on-year in the first quarter, shipping cargoes directly to Africa as it carved out new trade routes after the European Union sanctioned Russian oil, ship tracking data showed. Russia stepped up shipments of the motor fuel to African countries such as Nigeria, Tunisia …
Russia boosts Q1 gasoline exports, finds buyers in Africa to replace Europeans Read More »
NAIROBI (Reuters) – The Kenyan shilling edged lower against the dollar on Thursday as the manufacturing sector sought foreign currency to pay for imports, amid thin trading volumes, traders said. At 0729 GMT, commercial banks quoted the shilling at 134.00/20, compared to 133.80/134.00 at Wednesday’s close. The shilling hit 134.15/35 against the dollar on Thursday …
JOHANNESBURG (Reuters) – South Africa’s rand firmed in early trade on Thursday, ahead of a local investment conference and mining data due later in the day. At 0643 GMT, the rand traded at 18.3900 against the dollar, about 0.2% stronger than its previous close. The dollar was up around 0.1% against a basket of global …
South African rand firms before mining data, investment conference Read More »
By Sonia Rolley KINSHASA (Reuters) – Congolese women and children have been raped and subjected to other abuses during a mass expulsion of migrant workers from Angola to Democratic Republic of Congo, a doctor, officials and the United Nations said. Angola has deported thousands of workers in recent months, U.N. figures show, echoing previous purges …
Dozens raped as migrant workers expelled from Angola to Congo Read More »
