Wealth Growth Daily

Africa

U.S. safety board chair rebukes Ethiopia over Boeing 737 MAX report

BY Reuters  • January 25, 2023January 25, 2023
By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal crash and sai[...]
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Africa Business US

China development loans to emerging economies hit 13-year low in 2021 – study

BY Reuters  • January 24, 2023January 24, 2023
By Jorgelina do Rosario and Rachel Savage LONDON/JOHANNESBURG (Reuters) -Loans committed by China’s two main trade policy banks fell to a 13-year low of $3.7 billion in 2021 due to Beijing curta[...]
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Africa Asia Business Economy Updated

TFG sales leap with Black Friday and festive boost

BY Reuters  • January 23, 2023January 23, 2023
JOHANNESBURG (Reuters) -South African retailer TFG’s third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on[...]
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Africa Business Updated

Zambia visits by Yellen, IMF reflect concern over stalled debt talks, China

BY Reuters  • January 23, 2023January 23, 2023
By Andrea Shalal LUSAKA (Reuters) -Two of the world’s most powerful finance officials are visiting Zambia this week, a reflection of the growing concern shared by Western officials about how Chi[...]
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Africa Asia Business Economy Updated US

Potanin says sanctions constrain Nornickel, force it to adjust strategy

BY Reuters  • January 23, 2023January 23, 2023
(Reuters) – Nornickel boss Vladimir Potanin, one of Russia’s richest men, said on Monday that the metals giant was reworking its strategy and building closer ties with countries such as China, T[...]
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Africa Asia Business Economy Europe Middle East

China reopening spurs record inflows into emerging market funds -BofA

BY Reuters  • January 20, 2023January 20, 2023
LONDON (Reuters) -Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China’s easing of its COVID-19 restrictions on activ[...]
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Africa Asia Business Economy Europe Middle East Updated US

Kenya inflation to fall back within target in Q1 -cenbank governor

BY Reuters  • January 20, 2023January 20, 2023
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Kenya’s central bank expects inflation to fall within its target range during the first quarter of 2023 and is[...]
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Africa Business Economy Europe

U.S. judge orders Boeing arraigned on MAX fraud charge

BY Reuters  • January 19, 2023January 19, 2023
By David Shepardson (Reuters) -A federal judge on Thursday ordered Boeing Co to appear in court on Jan. 26 to be arraigned on a 2021 felony charge after families of those killed in two fatal crashes o[...]
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Africa Asia Business Environment Updated US

Davos 2023: Global trade rethink: ‘race of the big pockets’?

BY Reuters  • January 19, 2023January 19, 2023
By Mark John DAVOS, Switzerland (Reuters) – The United States pitched its vision of “worker-centric” trade. China promised an “all-round opening up”. Europe spoke of its[...]
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