Next Africa: IMF Spring Meeting 2025

25-04-2025

At the IMF Spring Meetings in Washington, DC - the trade war and its impact on the global economy is the centre of attention, and putting more pressure on the African governments trying to negotiate deals with the fund. Ghana and Zambia have turned their economies around with IMF help — but Kenya, Mozambique and Senegal find themselves having to try and negotiate new IMF programmes at a time when there's less help to be found. On this episode of the Next Africa Podcast, Jennifer Zabasajja is joined by Bloomberg's Matthew Hill, to find out what's on the negotiating table, and how a trade war is making life harder for African governments already stuck between angry citizens and a restrictive IMF For more stories from the region, subscribe to the Next Africa newsletter here

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TSMC CFO on Currency Volatility Impact on Business

Bloomberg

an hour ago

Bloomberg

TSMC CFO on Currency Volatility Impact on Business

Wendell Huang, Senior Vice President and CFO of TSMC, says the company views currency volatility as a big uncertainty to its margins and is constantly reviewing hedging strategies to manage the impact on business. He speaks exclusively with Annabelle Droulers on Bloomberg Television. (Source: Bloomberg)

Pakistan power companies have not introduced additional peak charges

Yahoo

2 hours ago

Yahoo

Pakistan power companies have not introduced additional peak charges

Pakistan authorities have rejected claims circulating online that its power companies are charging more for electricity during morning peak hours, calling the posts "actionable disinformation". There is still only one peak hour period in the evening throughout the country. "Morning hours are also counted as peak hours ... Loot with both hands, loot the public," reads an Urdu-language post on X on July 12, 2025. It includes a screenshot of a table titled "Regional Peak Hours by Distribution Company" listing peak hour periods in the morning and evening from different Pakistan power companies. The same table was also shared elsewhere on Facebook and TikTok. Soaring fuel costs globally, coupled with demands from the International Monetary Fund to slash government subsidies, led successive Pakistani administrations to repeatedly hike electricity costs (archived link). Prices have fluctuated since 2022 but peaked at a 155-percent increase, and power bills sometimes outweigh rents. However, the country's power companies have not introduced additional peak hour charges for the morning. A reverse image search found the Ministry of Energy rejected the claim by reposting one such false post on X (archived link). "There is no change in electricity peak hours. Claims about the inclusion of morning hours as peak hours are completely false and misleading. Peak hours remain the same as before," it reads. "This is fake news and actionable disinformation." Most of Pakistan's power companies share the same evening peak hour charging schedule as the state-owned Power Information Technology Company, as shown in a timetable posted on its official website (archived link). Meanwhile, the privately owned Karachi Electric charges extra for power usage between 6:30 pm to 10:30 pm from April to October, and between 6 pm to 10 pm for the remaining five months of the year (archived link). Neither company has announced an additional peak charge in the morning. Pakistani outlet Geo News also debunked the false claim (archived link).

Bloomberg

2 hours ago

Bloomberg

The China Show 7/21/2025

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