Reuters Africa

AfDB says it files complaint after Ethiopia staff arrested, assaulted

ADDIS ABABA (Reuters) -The African Development Bank (AfDB) said on Thursday it had lodged a formal complaint with Ethiopian authorities after two of its staff members were arrested, assaulted and detained by security forces. Calling it a “very serious diplomatic incident”, the AfDB said the two employees were on Oct. 31 “unlawfully arrested, physically assaulted …

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South Africa’s governing ANC backs motion to close Israeli embassy

JOHANNESBURG (Reuters) -South Africa’s ruling African National Congress (ANC) party said on Thursday that it would support a parliamentary motion calling for the Israeli embassy in South Africa to be closed and diplomatic relations to be suspended. The opposition Economic Freedom Fighters (EFF) proposed the motion on Thursday in solidarity with the Palestinian people over …

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Ukraine’s food exports to Asia, Africa fall due to blocked seaports -association

KYIV (Reuters) – Ukraine has sharply reduced its exports of farm goods to Asian and African countries so far in 2023 due to blocked seaports in the Black Sea, which has traditionally been the main export route, agricultural business association UCAB said on Thursday. The lion’s share of Ukrainian agrarian, metallurgical and chemical exports left …

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Kenya gets additional $938 million from IMF, soothing nerves

By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -The International Monetary Fund has reached a staff-level agreement with Kenya, unlocking immediate access to a $682.3 million tranche and boosting the current lending programme by $938 million, the fund said on Thursday. The East African nation is grappling with acute liquidity challenges caused by uncertainty over …

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Investec half-year profit jumps 15%

JOHANNESBURG (Reuters) – South African lender Investec on Thursday reported half-year profit up 15.3%, led by increased loan volumes, corporate deposits and funds under management. The bank, which also operates in the UK, reported headline earnings per share of 36.9 pence for the six months to Sept. 30 and an interim dividend of 15.5 pence …

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EU’s von Der Leyen to travel to Egypt, Jordan on Nov. 18 – spokesperson

BRUSSELS (Reuters) – European Commission chief Ursula von der Leyen will travel to Egypt and Jordan on Nov. 18, an EU Commission spokesperson wrote on X. She will meet Egyptian President Abdel Fattah al-Sisi in Cairo and travel to the Sinai to welcome the arrival of EU humanitarian aid before meeting with Jordan’s King Abdullah …

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IMF approves $174 million loan to Malawi – finance minister

BLANTYRE (Reuters) – The International Monetary Fund’s Executive Board has approved a $174 million loan to Malawi, the southern African country’s finance minister said on Wednesday. Malawian authorities reached a staff-level agreement with the fund on the four-year Extended Credit Facility in September. Earlier this month it devalued its currency by about 30% as it …

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