IMF predicts lower growth, bigger current account deficit for debt laden Senegal
LONDON, April 14 (Reuters) – The International Monetary Fund on Tuesday slashed Senegal’s economic growth forecast for this…
AFRICA-FX-Ghana’s cedi to weaken, Nigeria’s naira seen steady next week
Jan 29 (Reuters) – Ghana’s cedi is expected to weaken further next week on firm corporate demand, while…
Uganda says to cut budget support by 84% in next financial year
KAMPALA, Jan 29 (Reuters) – Uganda plans to cut external budget support by 84.2% year-on-year in the next…
South African rand slips before key interest rate decisions
JOHANNESBURG, Jan 28 (Reuters) – The South African rand slipped on Wednesday, as investors awaited interest rate decisions…
Precious metals prices boost South African rand ahead of central bank data
JOHANNESBURG, Jan 27 (Reuters) – The South African rand was firm on Tuesday, supported by stronger precious metals…
African nations now send more money to China than they receive in new loans
China shifts from net finance provider to net receiverAfrica sees $52 billion swing in five-year net finance flowsMultilateral…
Tanzania expects to sign $42 billion mega LNG project before June, minister says
LONDON, Jan 26 (Reuters) – Tanzania expects to sign before June a deal for its stalled project to…
South African rand at strongest since 2022 as precious metals surge
Rand last traded at 16 to the dollar in June 2022Government bonds and stocks also strong performersInvestors upbeat…
Kenya converts $3.5 billion loans from China into yuan to cut interest
NAIROBI, Oct 7 (Reuters) – Kenya has completed converting three railway construction dollar-denominated loans from China into yuan…
South African rand hovers around strongest in three years as geopolitical tensions ease
JOHANNESBURG, Jan 22 (Reuters) – The South African rand was hovering around its strongest against the dollar for…
Exclusive: Ghana deal with Afreximbank gets official creditor backing, source says
Resolution paves Ghana’s path out of debt defaultRestructuring loan could impact Afreximbank’s credit ratingsAfreximbank has said its preferred…
South African rand stutters around 16/$ mark while traders eye rate decision next week
JOHANNESBURG, Jan 23 (Reuters) – The South African rand slipped on Friday but hovered near the 16-per-dollar level…