Reuters

Reuters Wire Service

Nigeria's economy grows strongly amid high inflation, World Bank says

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Nigeria's economy experienced its fastest growth in a decade in 2024, driven by significant fiscal reforms, yet high inflation continues to pose challenges, according ...

Egypt's Suez Canal mulls discounts on transit fees to bring back traffic

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Amidst declining revenue due to Houthi attacks, Egypt's Suez Canal Authority is contemplating discounts on transit fees to restore shipping traffic.

Oil prices steady as market weighs US-China trade developments

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Oil prices remained stable on Tuesday, influenced by rising supplies and uncertainty surrounding the U. S. -China trade negotiations, as analysts assess the implications ...

First white South Africans to arrive under US refugee plan as soon as next week

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President Trump's administration is set to bring a group of white South Africans to the US as refugees, a move that has sparked controversy amid a broader immigration ...

Grocery chain OK Zimbabwe's majority shareholders back $30 million rights issue, CEO says

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OK Zimbabwe Ltd's majority shareholders have agreed to a $30 million rights issue aimed at addressing a funding gap and stabilising the company's financial position ...

Grocery chain OK Zimbabwe's majority shareholders back $30 million rights issue, CEO says

Reuters|Published

OK Zimbabwe Ltd's majority shareholders have agreed to a $30 million rights issue aimed at addressing a funding gap and stabilising the company's financial position ...

South African rand hits five-week high lifted by Eskom's power outlook

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The South African rand has strengthened to its highest level in five weeks, buoyed by Eskom's optimistic power outlook for the winter months, despite ongoing challenges ...

South Africa's DA party fights new racial targets for employers

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The DA also says it discourages companies from growing because those with 50 or fewer employees are exempt. Firms larger than that need to obtain a compliance certificate ...

MTN South Africa aims to boost 4G adoption with budget smartphones

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MTN South Africa announces a phased initiative to distribute 1. 2 million affordable 4G smartphones to prepaid customers, aiming to support digital adoption as the ...

OPEC+ agrees another accelerated oil output hike for June

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OPEC+ sources have said Saudi Arabia is pushing OPEC+ to accelerate the unwinding of earlier output cuts to punish fellow members Iraq and Kazakhstan for poor compliance ...

Tanzania bans agriculture imports from South Africa, Malawi

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Malawi had recently banned imports of Tanzanian commodities like maize flour, rice, ginger, and bananas, among others, while South Africa has also proscribed the ...

South African pharma company Aspen's shares plunge day after profit warning

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Aspen said it related to a manufacturing and technology agreement with a contract manufacturing customer for mRNA products, saying details were subject to contractual ...

Vedanta weighs US listing to raise $1bn for Zambian copper assets

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The miner, owned by Indian billionaire Anil Agarwal, has hired Barclays and Citigroup to advise on the plans for an initial public offering, said the sources, who ...

PwC shuts operations in nine African countries

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The accounting firm directed Reuters to the statement in response to queries on a Financial Times article published earlier in the day that said PwC had exited multiple ...

Renewables provided record 32% of global electricity in 2024, Ember says

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Renewable power generation reached a historic 32% of global electricity in 2024, according to Ember's report released Tuesday. This milestone comes despite a 4% ...

China sticks to its guns as fresh US tariff threat pushes tensions to the brink

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China has vowed to 'fight to the end' against escalating US tariffs as tensions mount between the world's two largest economies. With potential US duties on Chinese ...

Spotify royalty payouts to Nigerian, South African artists boom in 2024

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Spotify's payments to Nigerian and South African artists have skyrocketed, with Nigerian musicians receiving over $38 million in royalties last year – more than ...

Chinese brain chip project speeds up human trials after first success

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China's ambitious brain chip project, Beinao No. 1, aims to implant its technology in 13 patients this year, potentially surpassing Neuralink in the race for brain-computer ...

US Treasury's Bessent lays out plans to reshape global trade, ease bank regulations

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US Treasury Secretary Scott Bessent reveals ambitious plans to transform international trade relations through tariffs, while announcing major banking deregulation ...

Analysis: Investors spy the dawn of a tectonic shift away from US markets

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As global economic dynamics evolve, investors are increasingly looking beyond US markets for opportunities. This analysis explores the key factors driving this significant ...

Bitcoin up by a fifth after Trump lists reserve tokens

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Bitcoin's value skyrockets by 20% as Trump unveils plans for a strategic cryptocurrency reserve, igniting market enthusiasm

Buffett’s Berkshire posts record profit on insurance, investments

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Buffett singled out Todd Combs, Geico’s chief executive since 2020 and also a Berkshire investment manager, saying he has “reshaped Geico in a major way” by increasing ...

Gold prices hold steady as Federal Reserve maintains interest rates

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Higher interest rates dampen non-yielding bullion's appeal.

South African rand flat ahead of US rate decision

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The Fed will conclude its two-day meeting on Wednesday, where it is widely expected to keep rates steady.

Oil falls as Trump repeats call for OPEC to cut prices

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Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring ...