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MAPUTO, Oct 14 (Reuters) – Mozambique’s cabinet has approved the key parameters of next year’s budget, foreseeing a narrower fiscal deficit and modest economic growth.
BANGKOK, Oct 16 (Reuters) – Kenya is in discussions with several multilateral development banks to secure new financing that is expected to materialise in the current financial year, its central bank governor said on Friday. Governor Kamau Thugge said the government was in talks with the African Development Bank and the World Bank over potential […]
CAPE TOWN, Oct 15 (Reuters) – Italian energy firm Eni will start drilling up to six development wells from November that will feed gas to its new Coral North floating liquefied natural gas platform offshore Mozambique, a senior executive told Reuters on Thursday. The project is on track to start production by 2028, doubling the […]
BANGKOK, Oct 15 (Reuters) – Rising global energy prices and food costs continue to pose upside risks to inflation in South Africa, the central bank head said on Thursday, with consumer prices expected to return to the 3% target only in 2028. Speaking to Reuters in an interview on the sidelines of the International Monetary […]
NAIROBI, Oct 18 (Reuters) – Kenya has confirmed one more Ebola case, bringing the total number of infections in the country to eight, Director-General for Health Patrick Amoth said on Sunday. “Today, 38 people were tested, and one tested positive for Ebola,” Amoth said in an interview on Kenya’s Citizen TV. “He is a 49-year-old […]
LONDON/JOHANNESBURG, Oct 15 (Reuters) – Cartier-owner Richemont is in talks to join a consortium bidding for De Beers, the diamond miner being sold by Anglo American and valued at about $1 billion, a person familiar with the matter said. A deal would give the Swiss luxury goods group greater influence over a key part of […]
SINGAPORE, Oct 16 (Reuters) – The US-Israeli war on Iran has altered bunker buying patterns for shippers globally as they turned to more spot and shorter-term purchases to cope with volatile prices while exploring more alternative locations for supply security, industry executives said. More than seven months since the start of the conflict with Iran, […]
Avocado growers in Kenya pick and pack the fruits to largely the same standard that they have done for years. Yet, since 27 September, selling this fruit to the European Union has met a new roadblock: sustainability. Gone are the days that companies can label their products as ‘eco-friendly’ or as ‘responsibly sourced’ unless they […]
With a US$1.269 billion sustainability loan book, a ₦92.14 billion green portfolio and US$185.38 million mobilised from development finance institutions, Access is directing capital towards the twin priorities shaping Africa’s future: accelerating the transition to a low-carbon economy while financing inclusive growth and development. Sustainable finance is often described through a Western lens: green bonds […]
Social unrest, political instability and mounting national debt weighed on French assets on Monday, with government bonds and Paris-listed stocks under pressure. The euro was last seen down 0.28% against the U.S. dollar, and was 0.24% lower against the British pound. The French 10-year bond yield jumped more than 10 basis points, remaining near its […]
Every major technology wave over the past thirty years has solved the same problem which is access. Search engines made information more accessible while smartphones made it portable. Digital platforms made services available at the touch of a button. Each wave removed friction between a person and what they needed to know. That problem is […]
BANGKOK, Oct 14 (Reuters) – IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the gulf between advanced and developing economies, especially given steep drops in development assistance. She said the International Monetary Fund recognized its responsibility to help finance countries when needed, and […]
I used AI to recreate a plan of my house. I then used open-source software to render it, giving me a new way to explore what could be built. It was useful, but it didn’t magically transform me into an architect. That distinction matters for higher education. When technology allows us to produce something that […]
While the phased approach of the Economic Community of West African States to implementing a long-delayed single currency will maintain momentum without compromising macroeconomic discipline, the bloc still lacks a robust mechanism to address asymmetric shocks. That is why fiscal integration must come first. NEW YORK — The monetary integration of the Economic Community of […]
Anthropic said Monday that small AI models are “months away” from developing the capabilities needed to replicate themselves across internet-connected devices in the home, marking the latest warning from the frontier lab about the technology’s potential safety risks. Anthropic described how AI models could potentially infiltrate internet-connected devices, such as smart ovens or Android TV […]
