CAIRO (Reuters) – Egyptian inflation is expected to retreat in October from a record high of 38% in September as food price rises moderate, a Reuters poll showed on Tuesday, but Egypt’s battle with inflation seems far from over, analysts say. The median forecast of 19 analysts polled showed annual urban consumer inflation slipping to …
Egypt inflation seen retreating in October from record high Read More »
By Giulia Paravicini and Dawit Endeshaw NAIROBI/ADDIS ABABA (Reuters) -A fresh eruption of fighting in northern Ethiopia has raised concerns among residents about the safety of rock-hewn churches in the town of Lalibela dating back to the 12th and 13th centuries. Fano militiamen fighting the Ethiopian army in the Amhara region over-ran Lalibela and Gondar …
Fighting in Ethiopia’s Amhara region prompts fear for ancient churches Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana’s Cocobod has borrowed between $150 million and $200 million from cocoa traders to finance bean purchases since the 2023/24 season opened, due to a delay in securing a bank loan, the regulator’s public affairs manager said on Tuesday. Each September, the industry regulator of the world’s second-largest …
Ghana borrows up to $200 million from cocoa traders to plug funding gap Read More »
LONDON (Reuters) -Credit Suisse has settled its dispute with Emirati-Lebanese shipbuilder Privinvest over a decade-old “tuna bond” scandal, resolving another legacy legal issue for the bank’s new owner UBS. The Swiss lender last month settled a lawsuit brought against it by Mozambique just before a three-month trial began, which did not affect Credit Suisse and …
Credit Suisse ends ‘tuna bond’ dispute with shipbuilder Privinvest Read More »
KINSHASA (Reuters) – The main power lines to the city of Goma in eastern Democratic Republic of Congo have been cut due to an escalation in rebel fighting nearby, leaving hospitals and water systems without power, the electricity network operator said on Tuesday. Virunga National Park, which operates the network that supplies about 80% of …
Rebel fighting cuts power lines to Congolese city of Goma Read More »
By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -The International Monetary Fund has agreed to increase Kenya’s lending programme by $650 million, the Kenyan president’s chief economic adviser said on Tuesday. Sovereign debt investors are paying close attention to the East African nation due to a $2 billion Eurobond that is maturing next June, amid …
IMF to increase Kenya programme by $650 million, presidential adviser says Read More »
By Nyasha Nyaungwa WINDHOEK (Reuters) – Namibia began construction on Monday of Africa’s first decarbonised iron plant, to be powered exclusively by green hydrogen, the country’s investment promotion body said. Steelmaking is one of the most polluting industries in the world and the industry is seeking to shift away from coal-fired plants and towards the …
Namibia starts construction of Africa’s first decarbonised iron plant Read More »
TUNIS (Reuters) – Tunisian security and military forces caught five Islamists who escaped from a prison last week, where they were serving time for killing two secular politicians and policemen. The interior ministry said four of the escapees were captured on a mountain near Tunis early on Tuesday, while another was arrested, with the help …
Tunisia arrests the five Islamists who escaped from prison last week Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Brent crude futures settled 29 cents, or 0.34%, higher at $85.18 a barrel, while U.S. West Texas Intermediate crude was up 31 …
Oil rises as Saudi Arabia and Russia stick to supply cuts Read More »
By Abdi Sheikh MOGADISHU (Reuters) -Floods caused by heavy rains across parts of Somalia have displaced more than 113,000 people and “temporarily affected” hundreds of thousands, the U.N. Office for the Coordination of Humanitarian Affairs (UN OCHA) said on Monday. About 10 people have died in the aftermath of the rains, and the government has …
Somalia floods kill 10, displace more than 113,000 a year after drought Read More »
