DAKAR (Reuters) – The International Monetary Fund and Cameroon have reached a staff-level agreement that will give the country access to around $74.6 million once the Board formally completes th[...]
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Africa
Nigeria’s Atiku joins calls to extend deadline on old banknotes
LAGOS (Reuters) – Nigerian opposition presidential candidate Atiku Abubakar urged the central bank on Saturday to extend a Jan. 31 deadline to phase out old high-value banknotes, a measure many[...]
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Global 2023 economic view downgraded, at odds with market optimism: Reuters poll
By Hari Kishan BENGALURU (Reuters) – Global economic growth is forecast to barely clear 2% this year, according to a Reuters poll of economists who said the greater risk was a further downgrade[...]
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Exclusive-Equinor joins Western oil firms’ retreat from Nigeria -sources
By Ron Bousso LONDON (Reuters) – Norway’s Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African count[...]
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China tells US to fix its own debt problems after Yellen Africa remarks
WASHINGTON (Reuters) – After U.S. Treasury Secretary Janet Yellen called China a “barrier” to debt reform in Africa this week, Chinese officials in Zambia had a pointed response[...]
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Yellen urges Zambia debt restructuring after talks with China
By Andrea Shalal LUSAKA (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday on a visit to Zambia it was critically important to restructure its debt, and she believes progress could be made[...]
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As Yellen woos Africa, sceptics ask ‘Is the U.S. here to stay?’
By Andrea Shalal and Carien Du Plessis LUSAKA (Reuters) – U.S. Treasury Secretary Janet Yellen’s three-country trip to Africa – the leading edge of a new diplomatic push by the Biden[...]
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China development loans to emerging economies hit 13-year low in 2021 – study
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Loans committed by China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021 due to Beijin[...]
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Nigeria tax receipts rise 56% in 2022 – revenue service
ABUJA (Reuters) – Nigeria’s tax receipts rose 56% in 2022 to 10 trillion naira ($22 billion), its highest collection on record, the head of the country’s revenue service said on Mond[...]
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