Egypt to widen cash subsidy scheme to cover more essential foods
By Reuters A worker sells subsidized food commodities at a government-run supermarket in Cairo, Egypt, February 14, 2016. REUTERS/Mohamed Abd El Ghany/ File Photo CAIRO, Aug 19 (Reuters) – Egypt will expand its new cash-subsidy system to cover a larger basket of essential food items, the cabinet said on Wednesday, broadening a programme that currently offers
Uganda eyes up to $242 million from Citibank for infrastructure project
By Reuters The Citibank logo is displayed at a branch in New York City, U.S., July 16, 2025. REUTERS/Kylie Cooper KAMPALA, Aug 20 (Reuters) – Uganda is looking to borrow up to €207.7 million ($242.55 million) from Citibank to help finance the construction of a key road in the eastern part of the country, the finance
Coal India plans Singapore trading hub in hunt for critical mineral assets, sources say
By Sethuraman N R and Neha Arora Trucks loaded with coal drive to the coal yard at the Deendayal Port in Kandla, in the western state of Gujarat, India, April 5, 2025. REUTERS/Amit Dave NEW DELHI, Aug 20 (Reuters) – The world’s largest coal producer, Coal India Ltd (COAL.NS), opens new tab, is setting up its first overseas trading
IMF staff to visit Senegal this week, reflecting progress toward new program
By Reuters A street food vendor pushes her cart near Kermel Market in downtown Dakar, Senegal, May 21, 2025. REUTERS/Zohra Bensemra WASHINGTON/DAKAR, Aug 17 (Reuters) – The International Monetary Fund said on Monday that its staff would visit the West African country from August 19 to September 1 to continue discussions on policies and reforms that
South Africa’s Absa posts higher half-year profit as credit costs ease
By Nqobile Dludla A person walks past an Absa bank logo in Cape Town, South Africa, August 14, 2026. REUTERS/Esa Alexander JOHANNESBURG, Aug 18 (Reuters) – South African lender Absa Group (ABGJ.J), opens new tab reported an 8% rise in half-year headline earnings on Tuesday, supported by higher revenue and lower credit impairment charges. Here are some details:
Zambia’s Hichilema win gives investors continuity, now they want growth
By Colleen Goko Supporters of Zambia’s President Hakainde Hichilema celebrate after he was re-elected for a second term in Zambia’s general election in Lusaka, Zambia, August 18, 2026. REUTERS/Jean Mandela JOHANNESBURG, Aug 18 (Reuters) – Zambian President Hakainde Hichilema’s re-election hands investors the policy continuity they sought, while negotiations on a new International Monetary Fund programme provide an