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.
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.
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.
* Will not sell equity stakes to Saudi's SAMI
(Writes through with quotes, details)
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.
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.
* West African neighbours set floor price of $2,600 per
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.
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.
* 2019 FDI seen bolstered by new U.S. law, AfCFTA