United States

Joe Bavier

Ramaphosa is 'last hope' for South Africa, Chinese diplomat says

Jul 29 2019

JOHANNESBURG South African President Cyril Ramaphosa is the "last hope" for Africa's most advanced economy, but his government must turn incentive policies into laws to secure more Chinese investment, a senior Chinese diplomat told Reuters.

IMF approves Congo Republic bailout after China debt deal

Jul 11 2019

JOHANNESBURG The International Monetary Fund's (IMF) executive board approved a bailout worth nearly $449 million for OPEC member Congo Republic on Thursday, potentially setting a precedent for other nations struggling under the weight of large debts to China.

Construction firm wants debt settlement as part of Congo IMF deal

Jul 08 2019

JOHANNESBURG Construction firm Commisimpex is calling upon the International Monetary Fund (IMF) to make settlement of its 1.2 billion euro ($1.35 billion) debt dispute with Congo Republic a precondition for a bailout deal, according to a letter seen by Reuters.

UPDATE 2-South Africa's Denel asks for cash injection, rebuffs Saudi bid

Jul 05 2019

* Will not sell equity stakes to Saudi's SAMI (Writes through with quotes, details)

Industry doubts remain over Ivory Coast, Ghana cocoa floor price

Jul 03 2019

ABIDJAN/JOHANNESBURG Ivory Coast and Ghana - the world's leading cocoa producers - failed on Wednesday to come to an agreement with the chocolate industry over how to introduce a new floor price for their exports.

Chocolate maker Mars backs Ivory Coast, Ghana cocoa floor price

Jul 03 2019

ABIDJAN/JOHANNESBURG U.S. food maker Mars Inc. supports a decision by Ivory Coast and Ghana to set a floor price for their cocoa exports, a senior executive told Reuters on Wednesday, becoming one of the first major chocolate companies to back the initiative.

Chocolate maker Mars backs Ivory Coast, Ghana cocoa floor price

Jul 03 2019

* West African neighbours set floor price of $2,600 per tonne

Ivory Coast and Ghana team up for greater share of chocolate wealth

Jun 28 2019

EDOUKOUKRO, Ivory Coast/JOHANNESBURG Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he's roughly the mean age for a West African grower. And, like many farmers, he doesn't want any of his six children to follow in his footsteps.

Don't expect debt relief, United States warns Africa

Jun 24 2019

PRETORIA African countries running up debt they won't be able to pay back, including to China, should not expect to be bailed out by western-sponsored debt relief, the United States' top Africa diplomat warned.

CORRECTED-Africa sees increase in foreign investment, bucking global trend

Jun 13 2019

* 2019 FDI seen bolstered by new U.S. law, AfCFTA ratification

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