(Reuters) – The United Nations World Food Programme (WFP) said on Tuesday that food aid to 1.4 million people in Chad, including newly arrived refugees fleeing violence in Sudan’s Darfur region, will cease as of January because of a shortage of funds. Financial constraints and soaring humanitarian needs have already forced the WFP to suspend …
WFP warns food aid for 1.4 million people in Chad ‘grinding to a halt’ Read More »
By Marc Jones LONDON (Reuters) – Somalia has one year to expel the al Qaeda-linked al Shabaab militant group from the country, President Hassan Sheikh Mohamud said on Tuesday, with the deadline for remaining African Union peacekeepers to leave looming next December. Al Qaeda-linked Al Shabaab has been waging a brutal insurgency against the Somali …
Somalia has year to eliminate al Shabaab militants – president Read More »
By Amindeh Blaise Atabong YAOUNDE (Reuters) – Gunmen killed nine people and left several others wounded in an attack on a weekly market in Bamenyam town in the west of Cameroon early on Tuesday, a local official said. The attack in Bamboutos division, a French-speaking area, took place close to the region where armed separatists …
Gunmen kill nine in market raid in western Cameroon Read More »
By Angelo Amante ROME (Reuters) -An Italian plan to build migrant camps in Albania cannot be compared to Britain’s bid to send irregular asylum seekers to Rwanda, Italy’s foreign minister said on Tuesday, adding the way requests would be handled would fully protect refugees’ rights. Earlier this month, the right-wing government led by Giorgia Meloni …
Italy says migrant pact with Albania isn’t comparable to UK-Rwanda plan Read More »
(Reuters) – South Africa’s business confidence slipped in the fourth quarter, mainly due to weak local demand for vehicles as consumer incomes remained under pressure in the face of high borrowing costs, data showed on Tuesday. A survey by the Rand Merchant Bank (RMB) and compiled by the Bureau for Economic Research showed the business …
S.Africa’s business confidence slips in fourth quarter – survey Read More »
By Rachel Savage JOHANNESBURG (Reuters) – The African Development Bank (AfDB) could launch its debut hybrid capital note, sized between $500 million and $1 billion, before the end of the month if market conditions are right, the bank’s acting treasurer said. AfDB is set to become to first multilateral lender to issue a perpetual hybrid …
AfDB hybrid capital note could launch before end-November Read More »
JOHANNESBURG (Reuters) – South Africa’s third-biggest telecom company Telkom on Tuesday reported a 46.7% jump in half-year profit, boosted by lower depreciation charges and growth in core profit. Telkom, majority-owned by the government, said its headline earnings per share, a profit measure, rose to 1.95 rand in the six months ended Sept. 30 from a …
South Africa’s Telkom half-year profit jumps on lower depreciation cost Read More »
JOHANNESBURG (Reuters) – South Africa’s rand firmed in early trading on Tuesday, as risk sentiment improved on rising expectations that the U.S. Federal Reserve would stop hiking interest rates. At 0641 GMT, the rand traded at 18.3300 against the dollar, 0.11% stronger than its previous close. The dollar index was last trading down around 0.15% …
South African rand firms as risk sentiment improves Read More »
JOHANNESBURG (Reuters) – South Africa’s third-biggest telecom company, Telkom, said on Tuesday that it is in exclusive negotiations with a preferred bidder on the possible sale of its masts and towers business, Swiftnet. Telkom, also a fixed-line phone company, said the preferred bidder is a consortium of equity investors, including a Black Economic Empowerment partner, …
South Africa’s Telkom in exclusive talks on sale of towers business Read More »
By Chris Prentice and Wayne Cole NEW YORK/SYDNEY (Reuters) -The U.S. dollar dropped to its lowest in more than two months on Monday on expectations that U.S. interest rates have peaked, while Wall Street’s three major stock indexes closed at multi-month highs. Global equities were broadly higher, U.S. treasury yields headed lower after auction and …
US dollar at lowest since September, global stocks gain Read More »
