AFRICA

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Kenya surpasses South Africa as continent’s top avocado exporter

Kenya has overtaken South Africa to become Africa’s top exporter of avocados. In Central Kenya, where the majority of the country’s small-scale avocado farmers...

Zimbabwe to legislate use of U.S. dollar for next five years

Zimbabwe's government will maintain the country's multi-currency system and legislate the use of the U.S. dollar for the next five years, finance minister Mthuli Ncube said on...

African economies see reasons for optimism despite crises

From COVID-19 to the current issue in Ukraine, external crises have put pressure on African economies, but many on the continent see opportunities to...

COP27 conference must advance African energy, development – officials

African nations rich in energy but otherwise underdeveloped must secure a right to growth and power at the COP27 climate conference in Egypt in...

Bond yields sink on recession fear; futures steady

Bond yields tumbled as comments by U.S. Federal Reserve Chair Jerome Powell and growth data in Europe stoked fear about a global downturn. The yield...

Egypt and Chevron agree to explore new east Mediterranean gas deal

Egypt's state-owned gas company and U.S.-based Chevron Corp on Monday signed a preliminary agreement to explore sending natural gas from offshore Mediterranean fields to Egypt...

Time is running out for Africa to profit from its gas,...

Africa must act quickly to profit from its vast reserves of natural gas that the world will only want until it can shift towards...

Kenya gives ultimatum to Biden’s global taxation plan

Kenya is seeking an explicit revenue-sharing deal before backing U.S. President Joe Biden's push for a global minimum tax rate on multinational companies. The Kenya...

Qatar Airways posts record $1.54 billion profit despite pandemic

Qatar Airways on Thursday posted a record net profit of 1.54 billion U.S. dollars for the 2021-2022 financial year. The air carrier attributes the...

Analysis: Investors say Asia a safe place as U.S. raise interest...

Asia's emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S. policy tightening, analysts say, but with a...