JOHANNESBURG (Reuters) – South African President Cyril Ramaphosa on Wednesday welcomed an agreement for a four-day truce in Gaza and said he hoped the deal between Israel and Palestinian group Hamas would bolster efforts to achieve an outright end to their conflict. Ramaphosa has been one of the most prominent voices on the African continent …
South Africa hopes Gaza truce bolsters efforts to end conflict Read More »
By Rachel Savage JOHANNESBURG (Reuters) – Malawi needs almost $1 billion in debt relief from its creditors by 2027, the International Monetary Fund said on Wednesday, as it battles severe medicine, fuel and fertiliser shortages due to chronic foreign currency shortages. The landlocked southern African country needs $887 million in debt relief from 2023 to …
Malawi needs almost $1 billion debt relief by 2027 – IMF Read More »
By Tiemoko Diallo BAMAKO (Reuters) – Mali’s military government said it has signed an agreement with Russia to build a gold refinery in the capital Bamako, one of a slew of deals between the two countries as Russia seeks to extend its regional influence. The accord, a non-binding memorandum of understanding, involves building a 200-tonnes-per-year …
Mali signs agreement with Russia to build gold refinery Read More »
NAIROBI (Reuters) – Kenya’s KCB Group, a top two commercial bank, recorded a 6% fall in profit before tax for the first nine months of this year to 40.6 billion shillings ($266.51 million), it said on Wednesday. KCB, which also operates in Uganda, Tanzania, Burundi, Rwanda, South Sudan and the Democratic Republic of the Congo, …
Kenyan lender KCB Group’s nine-month pretax profit falls 6% Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court on Wednesday freed on bail former central bank governor Godwin Emefiele, who has been charged with six counts of fraud and corruption. Emefiele, suspended as head of the central bank in June and detained by the security services, has pleaded not guilty to the charges. Justice …
Nigerian court grants bail to ex-central bank chief facing fraud charges Read More »
By Chris Mfula LUSAKA (Reuters) -Zambia’s central bank raised its benchmark lending rate to 11% from 10% on Wednesday as it fights inflation which has risen well beyond its 6%-8% target range. The Bank of Zambia has now raised its key rate four times this year to curb inflation, which climbed to 12.6% year-on-year in …
Zambia raises key rate again with inflation well above target Read More »
ISTANBUL (Reuters) -President Tayyip Erdogan said he may travel to Egypt soon and discuss how to accelerate the evacuation of patients from Gaza and other steps, broadcaster Haberturk and other Turkish media reported on Wednesday. Speaking to reporters on his plane returning from a trip to Algeria, Erdogan was reported as saying the Islamic world …
Turkey’s Erdogan says he may visit Egypt soon to discuss Gaza patients evacuation -media Read More »
By Bhargav Acharya JOHANNESBURG (Reuters) – South African inflation quickened more than expected in October, approaching the upper end of the central bank’s preferred range driven by steep rises in food, transport and health costs. Headline consumer inflation rose to 5.9% year-on-year in October from 5.4% in September, Statistics South Africa data showed, higher than …
South Africa’s October inflation rises near top of central bank target Read More »
(Reuters) – The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone sell-through volumes grew 5%, making October the first month to record year-on-year growth since June 2021, …
Global smartphone market sees growth after over 2 years in October – Counterpoint Read More »
ADDIS ABABA (Reuters) -A second round of peace talks between Ethiopia’s government and a rebel group aimed at ending a decades-old conflict in the country’s largest region Oromiya has ended without a deal, both sides said on Tuesday. The negotiations in Tanzania between the government and the Oromo Liberation Army (OLA) followed talks in April …
Ethiopia talks with rebel group OLA end without deal Read More »
