By Seun Sanni and Richa Naidu ALAYIDE, Nigeria (Reuters) – Busari Kasali once lived with the fear that his cassava – a staple crop in his native Nigeria – would spoil before it got to market. Today, the 76-year-old says his main concern is keeping up with growing demand from consumer goods giant Unilever. “Things…
JOHANNESBURG (Reuters) – Economic growth in key Sub-Saharan African economies will slow this year as weaker global growth makes the backdrop less favourable and high interest rates deter investment, ratings agency S&P said in a research report. S&P said it now forecast the gross domestic product of eight Sub-Saharan African economies it tracks would expand…
LULEA, Sweden (Reuters) – New anti-terrorism legislation which comes into force this week should pave the way for Sweden to join NATO in coming weeks and overcome a Turkish veto, Swedish Foreign Minister Tobias Billstrom said on Wednesday. Sweden and Finland applied for NATO membership following Russia’s invasion of Ukraine in 2022. While Finland joined…
By Duncan Miriri NAIROBI (Reuters) -Kenya’s central bank has lowered its economic growth projection for this year to 5.5%, a presentation by the bank’s governor Patrick Njoroge showed on Wednesday. The bank had said in March that the economy would expand by 5.8%. Njoroge did not address the new forecast. The economy expanded by 4.8%…
By Dominique Patton BEIJING (Reuters) – U.S. agribusiness giant Cargill said it is selling its poultry business in China to private equity firm DCP Capital, exiting a Chinese meat market that has become increasingly challenging, especially for foreign players. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but…
By Kavya Guduru (Reuters) – Oil prices will creep up from current levels as major producer group OPEC+ maintains restrictions on supplies, but economic headwinds will keep them below $90 a barrel this year, a Reuters poll showed on Wednesday. A survey of 43 economists and analysts forecast Brent crude would average $84.73 a barrel…
By Burcu Karakas, Ece Toksabay, Huseyin Hayatsever and Maya Gebeily ANKARA (Reuters) – President Tayyip Erdogan played up his plans to repatriate a million Syrian refugees as he rode a wave of nationalism to his third decade in power, but he could struggle to make good on the promise as conflict lingers on in neighbouring…
By Pablo Mayo Cerqueiro LONDON (Reuters) – WE Soda, the world’s largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London’s capital markets. The ultimate size of…
By Pablo Mayo Cerqueiro LONDON (Reuters) – WE Soda, the world’s largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its chief strategy officer told Reuters, in a show of confidence in London’s capital markets. The ultimate size of…
LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash data released by the National Statistics Institute (INE) showed on Wednesday. Core inflation, which strips out volatile food and energy prices, clocked 5.5% year-on-year, down…
