United Kingdom

Joe Bavier

South African defence firm RDM's turnover hurt by export headaches - CEO

04 Sep 2019

CAPE TOWN, Sept 4 Months of delays in export approvals will hurt Rheinmetall Denel Munition's (RDM) turnover this year and could force the South African defence firm to halt production this month, its chief executive told Reuters.

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

29 Jul 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

11 Jul 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

08 Jul 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

05 Jul 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

03 Jul 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.

UPDATE 1-Industry doubts remain over I.Coast, Ghana cocoa floor price

03 Jul 2019

* Cocoa and chocolate companies do not agree with details (Updates with outcome of meetings)

Chocolate maker Mars backs Ivory Coast, Ghana cocoa floor price

03 Jul 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.

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

28 Jun 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

24 Jun 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.

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