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REUTERS/Stephanie Lecocq/File PhotoLONDON/GDANSK, Aug 7 (Reuters) - European carriers on Monday reported disruptions and suspended flights across the African continent after Niger's junta closed its airspace on Sunday. The junta on Monday braced for a response from the West African regional bloc after ignoring its deadline to reinstate the country's ousted president or face the threat of military intervention. The disruption adds to a band of African airspace facing geopolitical disruptions including Libya and Sudan, with some flights facing up to 1,000 kilometers (620 miles) in detours. But aviation analyst James Halstead said that airlines would mostly have to find alternative routes and difficulties should be limited given the small number of African air connections. Spokespeople for Lufthansa (LHAG.DE) and Brussels Airlines said that flight times could be between one-and-a-half and three-and-a-half hours longer for rerouted flights.

Persons: Charles de, Stephanie Lecocq, FlightRadar24, James Halstead, I'm, Ilona Wissenbach, Tim Hepher, Jason Neely, Mark Potter, Conor Humphries Organizations: REUTERS, West African, Air, Lufthansa, Brussels Airlines, British Airways, Thomson Locations: Air France, Sudan, Djibouti, Paris, Charles de Gaulle, Roissy, France, GDANSK, Libya, detours, Europe, Africa, Ouagadougou, Burkina Faso, Bamako, Mali, Accra, Ghana, Nigeria, South Africa, Ethiopia, West Africa

☆ What is patriarchy? What does it mean and why is everyone talking about it?
▼ + stars: | 2023-08-03 | by ( Eliza Anyangwe | Melissa Mahtani | ) edition.cnn.com time to read: +10 min

However, the main characteristic of a patriarchal society is one where men hold more power and authority which subsequently leads to male privilege. As such, a woman's place in a patriarchal society is primarily to be homemakers, procreators or caregivers. Gender inequality -- the unequal treatment of someone based solely on their gender -- is an outcome of patriarchal societies but the terms do not mean the same thing. Despite strides towards sex equality that have been gaining momentum for more than a century, the US remains a patriarchal society. While not evenly accorded to all males, being assigned male at birth in a patriarchal society comes with privileges.

Persons: Greta Gerwig's, Barbie, Ken, Gerwig, Allan Johnson, Roe, Wade, Angela Saini, Saini, General António Guterres, Guterres Organizations: CNN, United Nations, BBC, UN Locations: American, British, Çatalhöyük, Turkey, matriarchies, Asante, Ghana, Barbieland, Sumatra, Indonesia, Costa Rica, Panama, China, Khasi, India, Angola, Namibia

☆ Man who visited every country without flying has finally returned home
▼ + stars: | 2023-08-02 | by ( Kate Springer | ) edition.cnn.com time to read: +14 min

After nearly ten years of travel, Pedersen successfully visited his 203rd and final country, the Maldives, and began his long-awaited voyage back to Denmark. In early 2020, the intrepid traveler suddenly found himself stuck in Hong Kong for two years with just nine countries left. “I look back at Hong Kong, and it’s a bit of a paradox. Next came a 16-day journey back to Hong Kong, where he returned to hotel quarantine for another two weeks. Pedersen in Hong Kong, where he spent an unexpected two years during the pandemic.

Persons: Torbjørn, Thor ” Pedersen, Pedersen, He’d, ” Pedersen, ”, “, Le, I’ve, He’s, ‘, ’ ”, Maxime Champigneulle, Gunnar Garfors, it’s, It’s, you’ve, he’s, “ There’s, Mike Douglas Organizations: CNN, CNN Travel, Maersk, “, Port, Le, UN, Danish, Hong, Denmark, Pacific, Tonga, National Museum, Ross Energy, Aarhus . Port Locations: Denmark, Maldives, Danish, Malaysia, Sri Lanka, Aarhus, Kenya, Colombia, Australia, Norway, Guinea, Equatorial Guinea, Mongolia, Pakistan, Syria, Iran, Nauru, Angola, Ghana, Iceland, Canada, Hong Kong, Everest, Palau, New Zealand, Samoa, Tonga, Vanuatu, Pacific, Tuvalu, Fiji, Singapore, Malé, Norwegian, Aarhus ., Aarhus What’s, Suez, Germany

☆ A Rich Stranger Wants to Give You All His Money. There’s a Catch.
▼ + stars: | 2023-08-02 | by ( Anakwa Dwamena | ) www.nytimes.com time to read: +1 min

ANANSI’S GOLD: The Man Who Looted the West, Outfoxed Washington, and Swindled the World, by Yepoka YeeboStop me if you’ve heard this one: A stranger needs to retrieve money stuck in a bank. And to meet this and other administrative costs necessary to unlocking this fortune, would you kindly help him with a little investment? This is known as the advance fee fraud, or “419.”These days, the scams generally target the elderly and the net-illiterate. “They saw Blay-Miezah, in his chief’s finery, spinning a tale about darkest Africa, untold wealth and a corrupt leader,” Yeebo writes. “And because the story — and the man — fit their preconceptions like a dovetail joint, they made up the rest of the story for themselves.”

Persons: Yepoka, you’ve, John Ackah Blay, Henry Kissinger, “, ” Yeebo, ” Locations: Outfoxed Washington, Ghana

☆ Monaco sign Ghana defender Salisu from Southampton
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Premier League - Southampton v Wolverhampton Wanderers - St Mary's Stadium, Southampton, Britain - February 11, 2023 Southampton's Mohammed Salisu in action with Wolverhampton Wanderers' Adama Traore REUTERS/Peter Nicholls/File PhotoAug 1 (Reuters) - AS Monaco have signed Ghana defender Mohammed Salisu from English second-tier side Southampton on a five-year contract, both clubs said on Tuesday. Local media reported that the Ligue 1 side paid Saints about 15 million euros ($16.53 million) for the 24-year-old. Salisu joined Southampton in August 2020 from Real Valladolid. He made nearly 70 Premier League appearances before Southampton were relegated last season. Salisu made his Ghana debut in September 2022 in a 3–0 friendly defeat by Brazil.

Persons: Southampton's Mohammed Salisu, Adama Traore, Peter Nicholls, Mohammed Salisu, Salisu, Otto Addo, Anita Kobylinska, Ken Ferris Organizations: Soccer Football, Premier League, Southampton, Wolverhampton Wanderers, Adama Traore REUTERS, AS Monaco, Local, Ligue, Saints, Real Valladolid, Monaco, Thomson Locations: Mary's, Southampton, Britain, Ghana, Real, Brazil, Qatar, Ghana's, South Korea, Gdansk

Chicago wheat futures , a benchmark of global prices, have risen around 20% since Russia ended the deal on July 17. It's absolutely an important national security issue for a lot of these African countries," he said. Putin says Russia is expecting a record harvest this year and is ready to fill the gap for African countries by supplying grain both commercially and for free. Dizolele said, noting that Russia backed African countries at the U.N., had defence and security agreements with some of them and gave scholarships to their students. But Putin's response, when Ramaphosa and other African leaders presented the proposal to him last month, was to repeat a familiar list of accusations against Ukraine and the West.

Persons: Anton Vaganov, Putin, Wagner, Vladimir Putin, Mvemba Dizolele, Samuel Ramani, RUSI, Dizolele, WAGNER, Cyril Ramaphosa, Ramani, Mark Trevelyan, Joe Bavier, Carien du, Tom Balmforth, Michelle Nichols, Philippa Fletcher Organizations: Saint, REUTERS, Putin, Kremlin, U.S, Africa, Washington -, Strategic, International Studies, International Criminal Court, Treasury, Central African, Ukraine, South, United Nations, Thomson Locations: Russia, Africa, Saint Isaac's, central Saint Petersburg, Black, Russian, St Petersburg, Ukraine, Chicago, Washington, Turkey, Qatar, Moscow, United States, Kenya, Somalia, Central African Republic, Mali, Burkina Faso, Ghana, West, London, Johannesburg, Carien du Plessis

☆ US willing to take 'targeted' actions against China for national security, Treasury official says
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +4 min

"When necessary, we will use a suite of tools to achieve our national security goals. It is our core mission to protect the American people from national security risks while also clearly communicating our position and intent to China to reduce the risk of misunderstanding," said Shambaugh, who heads Treasury's international affairs. The Biden administration is weighing new restrictions on outbound private investment into China and other countries of concern. "To be clear: neither targeted national security actions nor attempts to build diversified supply chains represent decoupling," Shambaugh said in the prepared remarks. He said the Treasury also has been troubled by China's recent punitive actions against U.S. firms and export controls on critical minerals for semiconductors.

Persons: Jay Shambaugh, Biden, Shambaugh, Janet Yellen, David Lawder, Paul Simao Organizations: . Treasury, U.S . Senate Foreign Relations, U.S, U.S . Treasury, Treasury, International Monetary Fund, World Bank, Thomson Locations: China, U.S, Beijing, Zambia, Ghana, Sri Lanka

THE REVIEWUnder the terms of the $44 billion program agreed in 2022, the funds are released in tranches based on regular reviews of steps Argentina takes to shore up its economy. The IMF did not respond to a request for comment on the likelihood of a board meeting soon to discuss the Argentina program. Argentina made the last IMF payment due end-June partially with its holdings of IMF special-drawing rights (SDRs), but analysts calculated that this has wiped out the country's $1.65 billion in IMF reserve assets. Argentina used $1.1 billion in yuan from a recently extended and expanded swap line with China to complete the June payment to the IMF. Reuters GraphicsFALLING INTO ARREARSMissing payments would automatically put Argentina in default with the IMF because there is no grace period with the multilateral lender.

Persons: Goldman Sachs, Sergio Massa, Gordian Kemen, Kemen, Gross, Jorgelina, Rosario, Rodrigo Campos, Karin Strohecker, Tomasz Janowski Organizations: International Monetary Fund, IMF, Standard Chartered Bank, Reuters, Thomson Locations: Argentina, Buenos Aires, Beijing, China

If it cannot secure fresh funds before an approaching deadline, Argentina risks defaulting on repayments to the IMF. Analysts say the central aim of these economic adjustments is to signal to the IMF that Buenos Aires is committed to the program. The left-wing administration has been locked in negotiations with the IMF for months over whether to front-load tranches of the $44 billion program. Both parties said on Sunday that an agreement on the fifth IMF review was close, but not yet finalized. Reporting by Lucinda Elliott in Montevideo, Anna-Catherine Brigida in Buenos Aires, Rodrigo Campos in New York.

Persons: Sergio Massa, Eduardo Levy Yeyati, Eyeing, Marina dal, EcoGo, Alejo Czerwonko, Yeyati, Lucinda Elliott, Catherine Brigida, Rodrigo Campos, Jorgelina de, Karin Strohecker, Catherine Evans Organizations: International Monetary Fund, Economy, Peronist, IMF, Reuters, Emerging, UBS, Analysts, Thomson Locations: BUENOS AIRES, Buenos Aires, Argentina, refinance, Washington, Beijing, Montevideo, Anna, New York, Jorgelina de Rosario, London

☆ Underdogs serve notice that the gap is closing at Women's World Cup
▼ + stars: | 2023-07-25 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

At the 2019 World Cup in France, the United States thoroughly demolished Thailand 13-0. "Going into this World Cup the game has just grown and a lot of federations have grown as well," said U.S. defender Naomi Girma. Only 40% identified themselves as a professional footballer, although all will receive $30,000 direct from FIFA for playing in the World Cup. "We know we are not going to have any easy game in the World Cup," she said. They made the World Cup."

Persons: Deneisha Blackwood, Carl Recine SYDNEY, Alen Stajcic, We've, Mary Earps, Lorne Donaldson, Chantelle Swaby, Allyson, FIFPRO, Naomi Girma, Jitka Klimkova, Lori Ewing, Amy Tennery, Nick Mulvenney, Michael Perry Organizations: Soccer Football, FIFA, Sydney Football Stadium, REUTERS, Morocco, Monday, Vietnam, England, Debutants, Zealand, Norway, New, World, Thomson Locations: New Zealand, France, Jamaica, Sydney, Australia, Haiti, Ireland, Germany, Brazil, Japan, Philippines, Switzerland, United States, Thailand, Debutants Ireland, Argentina, Ghana, U.S, England, Vietnam, Czech

☆ Ghana sanitation minister resigns over alleged stashed cash
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +2 min

ACCRA, July 22 (Reuters) - Ghana's sanitation minister resigned on Saturday over reports staff found and stole stashes of local and foreign money from her home, she said in a letter to the president in which she denied any wrongdoing. Cecilia Abena Dapaah made headlines on Friday after two former household staff appeared in court accused of stealing cash and personal belongings from the minister and her husband between July and October 2022. Prosecutors told the court that the accused bought houses and a vehicle with the stolen money and gave some of it to relatives. Dapaah was appointed minister of sanitation and water resources when Akufo-Addo took power in 2017 and retained when he was re-elected in 2021. Reporting by Christian Akorlie and Maxwell Akalaare Adombila Editing by Sofia Christensen and Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

Persons: Cecilia Abena Dapaah, Nana Akufo, ” Dapaah, Dapaah's, Dapaah, Addo, Christian Akorlie, Maxwell Akalaare, Sofia Christensen, Nick Macfie Organizations: Prosecutors, Thomson Locations: ACCRA

☆ UBS says $100 mln blended finance initiative receives new backers
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: 1 min

Companies UBS Group AG FollowZURICH, July 20 (Reuters) - British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS' philanthropic arm and non-profit Bridges Outcomes Partnerships, UBS (UBSG.S) said on Thursday. Initial investments in the initiative, focused on delivering Sustainable Development Goal-aligned outcomes, would support government-backed initiatives to support education in Sierra Leone and Ghana, as well as a social enterprise to re-sell and recycle plastic waste in Nigeria, UBS said in a statement. Reporting by Brenna Hughes Neghaiwi, Editing by Friederike HeineOur Standards: The Thomson Reuters Trust Principles.

Persons: Brenna Hughes, Friederike Heine Our Organizations: UBS Group, UBS, Thomson Locations: Sierra Leone, Ghana, Nigeria

Rising tensions between Washington and President Nayib Bukele's government, dwindling prospects of a financing deal with the International Monetary Fund (IMF) and the fallout from bitcoin becoming legal tender against a wider difficult macro backdrop had seen El Salvador bonds drop to a quarter of face value last July. "In the summer of 2022, El Salvador bond prices were divorced from fundamentals," said Aaron Stern, managing partner and chief investment officer at Converium Capital in Toronto, who has been holding the country's bonds since last year. "The market was concerned about the administration's willingness to pay," he said, but even now El Salvador offers attractive value when compared to a number of better priced emerging market sovereigns. These were the best performing among sovereign bonds in the first half of the year, with total returns near 60%. "In a year where carry is the main driver of total returns, investors are going to be reticent to take profits too early," said BNP Paribas' Nathalie Marshik, a managing director for Latin America fixed income.

Persons: Nayib Bukele's, buybacks, Aaron Stern, Alejandro Werner, Bukele, there's, Shamaila Khan, Nathalie Marshik, Marshik, Rodrigo Campos, Karin Strohecker, William Maclean Organizations: YORK, Central, International Monetary Fund, El, IMF, Converium Capital, Reuters, Emerging Markets, Asia Pacific, UBS Asset Management, Reuters Graphics JPMorgan, Thomson Locations: El Salvador, Central American, Washington, Toronto, it's, America

☆ Twitter laid off most of its workers in Africa last year. They say they've been ignored and left without severance
▼ + stars: | 2023-07-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Former Twitter employees in Ghana, who were laid off in November, have been left without severance pay and have not heard from the company for three months, sources told CNBC. As part of new owner Elon Musk's cost-cutting efforts, Twitter fired nearly all of the staff at its only office in Africa. Under Ghanaian employment law, staff must be paid redundancy and should be granted three months' notice before they are made redundant. Twitter's workers in the capital Accra were given less than a month, according to the sources. "Twitter has dealt with us in bad faith since we were laid off in November 2022.

Persons: Elon Musk, Porte, Elon Musk's, Musk Organizations: SpaceX, Tesla, Viva Technology, Porte de, Twitter, CNBC, Labour Office Locations: Paris, France, Ghana, Africa, Accra

☆ Music Could Be His Living, but Life Keeps Getting in the Way
▼ + stars: | 2023-07-18 | by ( John Self | ) www.nytimes.com time to read: +1 min

SMALL WORLDS, by Caleb Azumah NelsonCaleb Azumah Nelson’s debut novel, “Open Water” (2021), was rightly praised for its poetic take on young Black love in contemporary England. It also refreshed this weary reader by bucking the trend among young writers for affectless prose reflecting a passive narrator. Azumah Nelson’s second novel, “Small Worlds,” is longer, looser and less successful. The narrator, Stephen, a young Black Englishman whose parents came to London from Ghana, is not passive, but not exactly an action man either. There’s a languid quality to his life as he ambles around Peckham, a South London neighborhood that was once down at heel and is now up-and-coming.

Persons: Caleb Azumah Nelson Caleb Azumah Nelson’s, Azumah, Stephen, Stephen doesn’t, Mark Duggan Locations: England, London, Ghana, Peckham, South London

☆ Laid-off Twitter staff in Africa say they've been 'ghosted' and haven't received their promised severance pay months later, report says
▼ + stars: | 2023-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The workers Twitter laid off in Africa claim the company "ghosted" them, CNN reported. The ex-employees told CNN they still haven't been given the severance pay they were promised. The workers that Twitter laid off in Ghana claim that they've been "ghosted" by Elon Musk's social-media company and haven't received their promised severance pay, CNN reported. But communications with the company have since stopped and they're still waiting for severance pay, the laid-off staff told the outlet. "They literally ghosted us," one of the laid-off employees told CNN.

Persons: Elon Musk, they've, Elon Musk's, haven't, Musk, they're, Twitter didn't, he's Organizations: Twitter, CNN, Elon, Morning, Staff Locations: Africa, Ghana

☆ Laid-off Twitter Africa team ‘ghosted’ without severance pay or benefits, former employees say
▼ + stars: | 2023-07-17 | by ( Larry Madowo | ) edition.cnn.com time to read: +4 min

Nairobi, Kenya CNN —Former employees of Twitter Africa who were laid off as part of a global cost-cutting measure after Elon Musk’s acquisition have not received any severance pay more than seven months since leaving the company, several sources told CNN. “They literally ghosted us,” one former Twitter Africa employee told CNN. Twitter and Musk face multiple lawsuits where plaintiffs are claiming the company has failed to pay former staffers what they are owed. The plaintiff said Twitter promised senior employees severance of six months of base pay plus one week for every year of service, in addition to other benefits. “We’re exploring our options with respect to causes of action against Twitter in various jurisdictions including Ghana,” Olympio told CNN.

Persons: “, ”, Carla Olympio, Musk, Ghana’s, ” Olympio, Twitter, David Odisho Organizations: Kenya CNN —, Twitter, Elon, CNN, Ghana’s Ministry of Employment, Labor Relations, BBC Locations: Nairobi, Kenya, Twitter Africa, Accra, Africa, Ghana, San Francisco , California, Europe, North America

GANDHINAGAR, India, July 16 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. "I am eager to build on the groundwork that we laid in Beijing to mobilise further action." U.S. corporations want to see an environment where they could "invest and thrive in China", Yellen said. She said a debt restructuring "user guide" was needed for borrowing countries and other stakeholders to provide clarity about the process. "We should build better banks, not just bigger banks," Yellen said.

Persons: Janet Yellen, Yellen, David Lawder, Aftab, Sudipto Ganguly, William Mallard Organizations: . Treasury, U.S ., Sri, International Monetary Fund, U.S . Treasury, IMF, World Bank, Bank, U.S, Thomson Locations: GANDHINAGAR, India, China, Beijing, U.S, Washington, Moscow, Ukraine, Russia, Gandhinagar, Indian, Gujarat, Sri Lanka, Ghana, United States, Congress, Aftab Ahmed

☆ ‘We Must Go Faster.’ Yellen Says Rich Nations Must Speed Debt Relief
▼ + stars: | 2023-07-16 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

Treasury Secretary Janet L. Yellen called on Sunday for international creditors to speed up their efforts to provide debt relief to developing countries facing default, arguing that shoring up their deteriorating finances would benefit the global economy. Speaking in Gandhinagar, India, ahead of a gathering of finance ministers from the Group of 20 nations, Ms. Yellen cited a recent agreement among international creditors, including China, to help Zambia pay its debts. “We should apply the common principles we agreed to in Zambia’s case in other cases rather than starting at zero every time,” Ms. Yellen said. “And we must go faster.”The Treasury secretary noted that more than half of low-income countries are in or near debt distress — double the total from 2015. These nations face a vicious cycle, because heavy public debt levels make it hard to attract public and private investment.

Persons: Janet L, Yellen, ” Ms Locations: Gandhinagar, India, China, Zambia, Ghana, Sri Lanka

☆ How a Vast Demographic Shift Will Reshape the World
▼ + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com time to read: +18 min

1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.

Persons: That’s, ”, Mikko Myrskylä, Max Planck, Carolina Cardona, Philip O’Keefe, –, O’Keefe, Myrskylä, “ We’ve, “, aren’t, Mr Organizations: Korea Germany Italy Russia United, France, France Pakistan Pakistan China China U.S ., U.S, China India Nigeria D.R.C, France Pakistan Pakistan China China U.S . U.S, France Pakistan, France Pakistan China U.S . U.S, for Demographic Research, Youth, Niger, Dem, Central African Rep, Herzegovina Bulgaria Croatia Czech Rep, Denmark Estonia Finland France Germany Greece, Denmark Estonia Finland France Germany Greece Hungary Ireland, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo, Macedonia Norway Poland Portugal Moldova Romania, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern America, New Zealand, New, Benin Botswana Burkina Faso Burundi Cameroon Central African Rep, Chad Comoros, Congo Ivory Coast Dem, Johns Hopkins University, Aging, ARC Center of Excellence, Aging Research, World Bank, Spain Taiwan, Young, Korea, Spain, “ Locations: Japan, Western Europe, South Korea, Britain, Eastern Europe, China, Europe, India, East Asia, Florida, United States, South, Southeast Asia, Africa, Korea Germany Italy, Korea Germany Italy Russia United States France China Thailand United Kingdom, South Korea Brazil Colombia China Thailand Iran Myanmar Vietnam Bangladesh Indonesia, South Africa Myanmar Indonesia Bangladesh Philippines Pakistan Kenya Indonesia Egypt Ethiopia, Russia, France Pakistan Pakistan China China U.S, France Pakistan Pakistan China China U.S . U.S, Japan U.S, Japan China India India India Nigeria Nigeria Ethiopia D.R.C, Indonesia Indonesia Brazil Brazil Brazil, China Japan India Brazil, Pakistan France China U.S, Japan India Nigeria Brazil Indonesia, Pakistan U.S, China India Nigeria, Ethiopia Brazil Indonesia, France Pakistan Pakistan China China U.S . U.S . U.S, Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C, France Pakistan China, France Pakistan China U.S . U.S . U.S, Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C, Congo Somalia, Angola Tanzania Nigeria, Afghanistan Ethiopia Tajikistan Kenya, Asia, Oceania, Kenya, Demographically, South Asia, Singapore, Albania, Austria Belarus Belgium Bosnia, Herzegovina Bulgaria, Denmark Estonia Finland France Germany, Denmark Estonia Finland France Germany Greece Hungary, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo Latvia Lithuania Netherlands, Macedonia Norway Poland Portugal, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine, Eastern Asia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern, Canada, States Australia, New, Australia, New Zealand, Saharan Africa, Angola, Benin Botswana Burkina Faso Burundi Cameroon, Congo, Congo Djibouti, Guinea Eritrea Eswatini Ethiopia Gabon Gambia Ghana Guinea Guinea, Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Senegal Sierra Leone Somalia South Africa South Sudan Togo Uganda Tanzania Zambia Zimbabwe, Aging Asia, Pacific, America, “, Hong Kong, Italy, Spain, Spain Taiwan Greece, Singapore Slovenia Thailand Germany, Mainland China Finland Japan Netherlands Canada, Hong Kong South Korea, Singapore Slovenia Japan Thailand Germany, Mainland China Finland Netherlands, U.N, Korea Japan Spain, Korea Japan, France, West, East, Vietnam

☆ Exclusive: Ivory Coast halts cocoa forward sales as rains hit production
▼ + stars: | 2023-07-13 | by ( Ange Aboa | ) www.reuters.com time to read: +4 min

SummaryCompanies Torrential rains hit Ivory Coast cocoa farmsIvory Coast CCC cocoa regulator says output could declineBlack pod fungal disease spreading in farmsABOISSO, Ivory Coast, July 13 (Reuters) - Ivory Coast has stopped selling contracts for cocoa exports for the 2023-2024 season after heavy rains battered and flooded farms in the world's top cocoa-producing nation in recent weeks, the head of the country's cocoa sector regulator told Reuters. Ivory Coast is in the middle of its April to November rainy season. But Ivory Coast and other major cocoa producers Ghana, Nigeria and Cameroon that account for around 70% of global production, have witnessed heavy tropical downpours in recent weeks. On May 15, tropical rains fell continuously for eight hours with unprecedented intensity in the Aboisso region in southeastern Ivory Coast, farmers and residents told Reuters. Farmers, cocoa pod counters, and cocoa exporters based in Ivory Coast, also told Reuters that they expected a significant decline in output during the first part of the main harvest.

Persons: Yves Brahima Kone, Barry Callebaut, Kone, Jean Paul Kadjo, Soubre, Kouman Kouadio, Kouadio, CCC's Kone, Ange Aboa, Bate Felix, Elaine Hardcastle Organizations: Ivory Coast, Reuters, United Nations, Cocoa Council, Cargill, Hershey, Nestle, Plantations, Thomson Locations: Ivory, ABOISSO, Ivory Coast, United, Ghana, Nigeria, Cameroon, Aboisso, Farmers, Akressi, San Pedro, Tai

NEW DELHI, July 13 (Reuters) - Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and regulations on cryptocurrency, Indian officials said. The finance ministers and central bank governors from the Group of 20 (G20) nations will also discuss a multilateral agreement on taxing conglomerates with cross-border operations, while the Russian war in Ukraine was also bound to come up, they said. Senior treasury officials from Russia and China are also expected to attend, according to two Indian officials, who did not want to be named. The finance ministers and treasury heads will also attempt to bring agreement on the principles of managing cryptocurrencies in their respective geographies. Additional reporting by Maria Martinez and Leigh Thomas; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Ajay Banga, Kristalina Georgieva, Lawrence Summers, N.K, Singh, Ajay Seth, Maria Martinez, Leigh Thomas, Raju Gopalakrishnan Organizations: Global, Treasury, International Monetary Fund's, Economic, IMF, Organisation for Economic Co, Development, OECD, Thomson Locations: DELHI, India, Ukraine, Gandhinagar, Gujarat, New Delhi, U.S, Russia, China, Zambia, Ghana

"We first need to see Zambia's updated macroeconomic package, which is in part why we have to get restricted," one of the sources said. There will be a restriction period of two weeks, with the option to extend it if both sides agree, two sources added. Amia Capital, Amundi, BlueBay Asset Management, Farallon Capital Management, Greylock Capital and T. Rowe Price comprise the steering committee. Besides net present value (NPV) reductions, talks will focus on how to incorporate the impact of a potential improvement of Zambia's debt carrying capacity, or its ability to handle debt payments. Including in the overhaul a mechanism that would allow for higher payments through coupon payments, debt maturities or a combination of both if Zambia's debt capacity improves was "sacrosanct", one of the sources said.

Persons: Weil, Rowe Price, Jorgelina, Rodrigo Campos, Karin Strohecker Organizations: Paris Club, Newstate Partners, BlueBay Asset Management, Farallon Capital Management, Greylock, Monetary Fund, Bank, IMF, World Bank, Thomson Locations: China, Ghana, Sri Lanka, Zambia, U.S, Amia, Rosario, London, New York, Lincoln

☆ South Korea to help Africa cut dependence on rice imports - minister
▼ + stars: | 2023-07-06 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, July 6 (Reuters) - South Korea is set to sign an agreement next week with eight African nations to help boost rice production and cut their dependence on imports, Agriculture Minister Chung Hwang-keun told Reuters, amid concerns over food security on the continent. The minister said during several visits to Africa starting late last year officials told him they desperately needed help. Rice prices had almost doubled due to supply chain disruptions," Chung said, noting how food imports had squeezed the countries' foreign exchange reserves. South Korea has been able to produce enough rice to meet more than 90% of local demand, though still depends heavily on some other food imports. "The K-Rice project will bring outstanding rice varieties and hope to the small farmers in Africa suffering from the climate crisis," Marian Sunhee Yun, the director of WFP Korea Office, said.

Persons: Chung Hwang, keun, Yoon Suk Yeol, Chung, Rice, Yoon Suk, Marian Sunhee Yun, 1,302.3500, Soo, hyang Choi, Ed Davies, Sonali Paul Organizations: Agriculture, Reuters, Economic, West African States, United Nations, Food, WFP Korea Office, Thomson Locations: SEOUL, South Korea, Ghana, Guinea, Bissau, Gambia, Senegal, Cameroon, Uganda, Kenya, Africa, West Africa, Seoul

☆ Kenyan, Zambian currencies expected to weaken
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +4 min

[1/2] Kenya Central Bank Governor Patrick Njoroge displays Kenyan shilling bank notes during a news conference at the Central Bank in Nairobi, Kenya, June 3, 2019. One trader at a commercial bank said the currency was expected to float around 141.00 levels. GHANAGhana's cedi is expected to hold steady against the dollar next week on the back of high foreign exchange liquidity following central bank support, traders said. Bid-offer spreads are also expected to tighten further," said Sedem Dornoo, a senior trader at Absa Bank Ghana. UGANDAThe Ugandan shilling is expected to firm in the coming week, drawing support from hard currency inflows from exporters of commodities such as coffee.

Persons: Kenya Central Bank Governor Patrick Njoroge, Baz Ratner, GHANA Ghana's cedi, Sedem Dornoo, Chris Nettey, ZAMBIA Zambia's kwacha, Elias Biryabarema, Chris Mfula, Bhargav Acharya, Elisha Bala, Hereward Organizations: Kenya Central Bank Governor, Central Bank, REUTERS, KENYA, GHANA Ghana's, greenback, Absa Bank, Trading Stanbic Bank, ZAMBIA Zambia's, Access Bank, Bank, Thomson Locations: Nairobi, Kenya, JOHANNESBURG, Ghana, Nigeria, NIGERIA, GHANA, Absa Bank Ghana, Trading Stanbic Bank Ghana, UGANDA, Kampala, ZAMBIA

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