By Amindeh Blaise Atabong YAOUNDE (Reuters) -Gunmen opened fire on people as they slept in a town in western Cameroon in the early hours of Monday, leaving at least 20 dead, a local government official said. Residents said they suspected the attack was meant to disrupt celebrations marking the 41st anniversary of Paul Biya becoming …
Gunmen kill at least 20 in pre-dawn attack in Cameroon – local official Read More »
CONAKRY (Reuters) – At least nine people died in gun battles after armed men stormed into a jail in Guinea’s capital over the weekend and briefly freed former military ruler Moussa Dadis Camara and other detained army officers, the justice ministry said on Monday. Authorities found the bodies of three attackers, four members of the …
At least nine killed in Guinea armed jail break – ministry Read More »
ABUJA (Reuters) – Nigeria’s naira firmed to 1,000 per dollar on the black market on Monday, online platform abokiFX showed, recovering from a record low of 1,300 naira, after the central bank started to clear outstanding currency forwards owed to banks. The naira has hit successive record lows on the black market, where it trades …
Nigeria’s naira firms on black market, central bank settles FX forwards Read More »
By Nyasha Chingono HARARE (Reuters) – Zimbabwean miners, among the country’s top export revenue earners, are likely to see profits drop almost 15% next year, with half expected to report a loss, according to a report released on Monday. The Southern African country is known for abundant deposits of platinum group metals (PGMs), gold and …
Zimbabwean miners set for big profit slump next year -report Read More »
LUSAKA (Reuters) – Zambia’s central bank said on Monday it would from next week raise the minimum amount of local and foreign currency deposits that commercial banks must keep with the state lender in a bid to curb the depreciation of the local kwacha currency. The minimum statutory reserve ratio on both local and foreign …
Zambia central bank to raise reserve ratio requirements to halt currency slide Read More »
(Reuters) – South Africa is accelerating plans for 3 gigawatts (GW) of gas-fired power generation to help to plug an energy deficit that is hurting the economy, electricity minister Kgosientsho Ramakgopa said on Sunday. Africa’s most developed economy is facing daily power cuts because of regular breakdowns at state power utility Eskom’s ageing coal-fired plants, …
South Africa powers ahead with 3GW of gas projects, minister says Read More »
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for a 35th consecutive month in October as inflation, supply chain problems and a lack of access to foreign currency continued to bite into business activity, a survey showed on Sunday. The S&P Global Purchasing Managers’ Index (PMI) fell to 47.9 from 48.7 in September, sliding further …
Egypt’s non-oil activity shrinks in October as inflation, supply shortages bite -PMI Read More »
By Maxwell Akalaare Adombila ACCRA (Reuters) – Ghana’s ruling New Patriotic Party (NPP) on Saturday picked Vice President Mahamudu Bawumia as its candidate for the December 2024 presidential election, teeing up a contest with former president John Mahama. The 60-year-old economist and former central banker has served as second-in-command and the face of economic policy …
Ghana ruling party picks VP Bawumia as presidential candidate Read More »
DUBAI (Reuters) – Sudan’s Rapid Support Forces said on Saturday they had taken control of the army headquarters in West Darfur’s capital of El Geneina, cementing their takeover of a city where they have been accused of carrying out a wave of ethnic killings. The city is the third of the war-torn Darfur region’s five …
Sudanese paramilitary RSF cements control of West Darfur’s El Geneina Read More »
By Saliou Samb and Souleymane Camara CONAKRY (Reuters) -Guinea’s former military ruler, Moussa Dadis Camara, is back in custody, his lawyer said on Saturday, denying Camara was a willing participant in an earlier armed jailbreak that he described as a kidnapping by force. Residents of the capital Conakry woke up to the sound of gunfire …
Guinea’s escaped ex-junta leader is back in custody after “kidnapping” – lawyer Read More »
