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Congo plans centralised mining investment agency under US deal, sources say
Africa

Congo plans centralised mining investment agency under US deal, sources say

KINSHASA/DAKAR, Sept 22 (Reuters) - Democratic Republic of Congo is preparing a one-stop agency for major mining investments as part of reforms linked to its minerals partnership with the US, aiming t

GFM News• 1 days ago
Botswana sharply reduces budget deficit forecast on revenue boost from central bank
Africa

Botswana sharply reduces budget deficit forecast on revenue boost from central bank

GABORONE, Sept 22 (Reuters) - Botswana now expects a much smaller budget deficit this fiscal year thanks to higher-than-expected revenue from the central bank and measures to contain spending, Finance

GFM News• 1 days ago
Uganda's export earnings up 10.2% y/y in July
Africa

Uganda's export earnings up 10.2% y/y in July

KAMPALA, Sept 21 (Reuters) - Uganda's export earnings rose 10.2% from a year earlier in July, helped by higher shipments of commodities including gold, cocoa and flowers, the finance ministry said in

GFM News• 3 days ago
Kenya's Ngetich breaks women-only half marathon world record by one second
Africa

Kenya's Ngetich breaks women-only half marathon world record by one second

Sept 20 (Reuters) - Kenya's Agnes Ngetich took a second off the previous women-only half marathon world record as she won the World Athletics Road Running Championships in Copenhagen on Sunday, stoppi

GFM News• 3 days ago
Squash Egypt's Orfi to become youngest-ever women's world No 1
Africa

Squash Egypt's Orfi to become youngest-ever women's world No 1

Sept 19 (Reuters) - Egypt's Amina Orfi will become the youngest-ever women's world number one in squash when rankings are released on Monday, capping a rise that has made the 19-year-old the leading f

GFM News• 4 days ago
Mozambique hopes IMF visit paves way for new loan programme
Africa

Mozambique hopes IMF visit paves way for new loan programme

MAPUTO, Sept 18 (Reuters) - Mozambique's finance ministry said on Friday that the International Monetary Fund had concluded a mission and expressed hope that the visit would pave the way for a new sup

GFM News• 5 days ago
South Africa's rand holds steady ahead of inflation data, expected rate hike
Africa

South Africa's rand holds steady ahead of inflation data, expected rate hike

JOHANNESBURG, Sept 18 (Reuters) - The South African rand was steady on Friday as investors shifted their focus to next week's inflation data and monetary policy meeting, where the central bank is wide

GFM News• 5 days ago
China's Djibouti base upgrades should boost its monitoring reach, report says
Africa

China's Djibouti base upgrades should boost its monitoring reach, report says

WASHINGTON, Sept 17 (Reuters) - China has made upgrades to its military base at Djibouti that should significantly enhance its ability to monitor military activity across the Middle East and Africa, a

GFM News• 6 days ago
Libya power cuts push small businesses and weary citizens to brink
Africa

Libya power cuts push small businesses and weary citizens to brink

TRIPOLI, Sept 17 (Reuters) - Power cuts have been a fact of life for years for Naseem Al-Akkari, who owns a chain of restaurants in Libya's capital, Tripoli. But it was not until this summer's heatwa

GFM News• 6 days ago
Botswana's mining chemicals plant gets key environmental nod
Africa

Botswana's mining chemicals plant gets key environmental nod

GABORONE, Sept 16 (Reuters) - Mining chemicals importer Kemcore has been granted environmental clearance for a manufacturing plant in Botswana, paving the way for it to secure financing to build a fac

GFM News• 7 days ago
Libya's NOC says it may declare force majeure after protests hit oil facilities
Africa

Libya's NOC says it may declare force majeure after protests hit oil facilities

TRIPOLI, Sept 15 (Reuters) - Operations were suspended at several oilfields after members of the security force charged with protecting Libya's oil sector closed a valve on the main Hamada-Zawiya crud

GFM News• 8 days ago
Angola delivers another big rate cut as inflation falls to single digits
Africa

Angola delivers another big rate cut as inflation falls to single digits

LUANDA, Sept 15 (Reuters) - Angola's central bank cut its key lending rate by 100 basis points (bps) on Tuesday, its third reduction in a row after inflation fell to single digits for the first time i

GFM News• 8 days ago
Guinea discussing alumina, energy investments with Glencore after bauxite deal, minister says
Africa

Guinea discussing alumina, energy investments with Glencore after bauxite deal, minister says

DAKAR, Sept 14 (Reuters) - Guinea is discussing investment opportunities with Glencore (GLEN.L), opens new tab in alumina refining and energy projects beyond last week's bauxite marketing deal, its mi

GFM News• 9 days ago
South Africa vs New Zealand LIVE: Rugby's Greatest Rivalry - fourth Test latest score, text updates and lineups
Africa

South Africa vs New Zealand LIVE: Rugby's Greatest Rivalry - fourth Test latest score, text updates and lineups

We may have switched continents (and time-zones), but we still have the Springboks and All Blacks to bring you. Things are finely poised in 'Rugby's Greatest Rivalry' with the back-to-back world cham

GFM News• 11 days ago
South Africa vs New Zealand LIVE: Rugby's Greatest Rivalry - fourth Test latest score, text updates and lineups
Africa

South Africa vs New Zealand LIVE: Rugby's Greatest Rivalry - fourth Test latest score, text updates and lineups

We may have switched continents (and time-zones), but we still have the Springboks and All Blacks to bring you. Things are finely poised in 'Rugby's Greatest Rivalry' with the back-to-back world cham

GFM News• 11 days ago
Kenya approves Asahi Group acquisition of Diageo Kenya assets
Africa

Kenya approves Asahi Group acquisition of Diageo Kenya assets

NAIROBI, Sept 11 (Reuters) - Kenya's competition authority has approved an application from Japan's Asahi Group Holdings Limited (2502.T), opens new tab to acquire sole control of Diageo's assets in K

GFM News• 12 days ago
Senegal bondholder group says debt treatment must be fair, sustainable
Africa

Senegal bondholder group says debt treatment must be fair, sustainable

NAIROBI, Sept 11 (Reuters) - Senegal's newly formed bondholder group said on Friday it will push for a debt treatment that is fair, sustainable and underpinned by credible economic assumptions and pol

GFM News• 12 days ago
Senegal bonds overvalued, Amundi says, as debt rework looms
Africa

Senegal bonds overvalued, Amundi says, as debt rework looms

LONDON, Sept 11 (Reuters) - Senegal's bond prices may not fully reflect the risks of the country's looming debt restructuring, Amundi said, arguing that bondholders might end up shouldering much of th

GFM News• 12 days ago
Kenya clears Diageo's sale of EABL stake to Asahi
Africa

Kenya clears Diageo's sale of EABL stake to Asahi

Sept 10 (Reuters) - Kenya's competition regulator has approved Diageo's (DGE.L), opens new tab sale of its 65% stake in East African Breweries Plc (EABL.NR), opens new tab to Japan's Asahi Holdings (2

GFM News• 13 days ago