Reuters Africa

China calls on Zambia’s creditors to take ‘fair burden’ in debt restructuring

By Joe Cash and Rachel Savage BEIJING/JOHANNESBURG (Reuters) – China called on Zambia’s other creditors to shoulder a “fair burden” in the country’s debt restructuring, after the IMF and official creditors including Beijing “expressed reservations” about a deal Zambia struck with overseas bondholders. Zambia and a bondholder committee were continuing talks, the copper producer’s finance …

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Kenya picks Citi, Standard Bank to assess international bond prospects

By George Obulutsa NAIROBI (Reuters) -Kenya said it had appointed Citi and Standard Bank to assess the potential for borrowing in dollars on international bond markets. The east African country faces growing debt repayments, a weakening currency and a surge in global yields that has seen many emerging economies struggle to access international debt. “Any …

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India declares as unlawful nine ‘extremist’ groups in Manipur state

NEW DELHI (Reuters) – India’s home (interior) ministry on Monday declared nine groups in the troubled northeastern state of Manipur as unlawful for a period of five years, saying they were engaging in activities prejudicial to the sovereignty and integrity of India, according to a government notification posted on X by news agency ANI. (Reporting …

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Vodacom profit hit by Ethiopia losses but Egypt lifts revenue

By Nqobile Dludla JOHANNESBURG (Reuters) -South African telecoms operator Vodacom’s earnings took a hit in the first half from start-up losses in Ethiopia but revenue growth benefited from the inclusion of Vodafone Egypt, which prevented further profit decline. The company, the biggest telecoms operator in South Africa which is majority-owned by Britain’s Vodafone Group, bought …

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S.African food producer Premier flags low single-digit revenue growth in H2

JOHANNESBURG (Reuters) – South Africa’s Premier Group flagged low single-digit revenue growth in its second half as consumer spending remains under pressure, after the food producer reported a 25.4% increase in profit in the first six months of its fiscal year. The maker of Blue Ribbon bread and Snowflake flour said on Monday while consumers …

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EU condemns Darfur violence and warns of ‘another genocide’

(Reuters) -The European Union (EU) condemned on Sunday an escalation of violence in Sudan’s Darfur region, warning of the danger of “another genocide” after conflict there between 2003-2008 killed some 300,000 people and displaced more than 2 million. A war since April between Sudan’s regular army and Rapid Support Forces (RSF) paramilitary has destabilised the …

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