Category: Regions
Reuters reveals Ethiopia debt relief delay partly due to civil war, state finance minister says
Reuters Reuters exclusively revealed that Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt…
Read MoreReuters reveals Iran racing to expand enrichment at underground plant, IAEA report shows
Reuters Reuters exclusively revealed that Iran is rapidly expanding its ability to enrich uranium with advanced centrifuges at its underground plant at Natanz and now intends to go further than previously planned, a confidential U.N. nuclear watchdog report seen by Reuters showed. The post Reuters reveals Iran racing to expand enrichment at underground plant, IAEA…
Read MoreReuters reveals Lebanon to slash official exchange rate from Nov. 1, finance min says
Reuters Reuters was first to report Lebanon plans to slash its official exchange rate, replacing the 1,507 per dollar rate adopted 25 years ago with a rate of 15,000 in a step towards unifying numerous exchange rates, the finance minister told Reuters on Wednesday. The post Reuters reveals Lebanon to slash official exchange rate from…
Read MoreReuters reveals Blackstone to sell $400 mln stake in Indian REIT; Abu Dhabi fund eyes investments
Reuters Reuters exclusively reported Blackstone will sell a stake worth up to $400 million in Embassy Office Parks REIT, India’s biggest real estate investment trust, via Indian stock exchange block deals. Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the stake that Blackstone is…
Read MoreReuters reveals Turkish interest rate cut; lira falls to an all-time low
Reuters Reuters was first to report Turkey’s central bank cut its policy rate by 100 basis points today, even as inflation rose above 80%, and as central banks globally race in the opposite direction and tighten policy. The Turkish lira sank to a record low of 18.42 versus the dollar after the move. The post…
Read MoreReuters reveals Rotavirus childhood vaccine shortage hits four African countries
Reuters Reuters exclusively reported that supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close to doing so, after disruptions at drugmaker GSK. The World Health Organization estimates that up to 200,000 children die each year from the highly contagious…
Read MoreReuters reveals Coca-Cola African bottler’s $3 billion IPO delayed by Ukraine turmoil
Reuters Reuters exclusively revealed Coca-Cola’s estimated $3 billion initial public offering for its African bottling unit will likely take place in the third quarter, after market turmoil linked to the war in Ukraine upset plans to list earlier. The flotation of Coca-Cola Beverages Africa would be the biggest on the Johannesburg Stock Exchange since at least 2016…
Read MoreReuters reveals Shell’s Nigerian oil assets attract interest from local firms
Reuters Reuters revealed that at least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell’s onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in…
Read MoreReuters exclusively reports up to 1 million COVID vaccines expired in Nigeria last month
Reuters Reuters exclusively reported that up to one million COVID-19 vaccines are estimated to have expired in Nigeria in November without being used, one of the biggest single losses of doses and showing the difficulty African nations have getting shots in arms. Governments on the continent of over one billion people have been pushing for…
Read MoreReuters exclusively reports President Museveni says that western companies are blind to Ugandan investments
Reuters Reuters exclusively reported that President Yoweri Museveni said the Chinese private investment in Uganda is growing while Westerners are losing appetite to put money to work in the country, pledging to step up efforts to tackle corruption that have made slow progress. Museveni, in power since 1986 and one of Africa’s longest-serving leaders, said…
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