By Gleb Bryanski and Vladimir Soldatkin MOSCOW (Reuters) -The BRICS group will generate most of the global economic growth in the coming years thanks to its size and relatively fast growth compared with that of developed Western nations, Russian President Vladimir Putin said on Friday. Putin hopes to build up BRICS – which has expanded …
Putin says BRICS, not the West, will drive global economic growth Read More »
JOHANNESBURG (Reuters) -South Africa’s rand firmed against a weaker dollar on Friday, ahead of a domestic inflation reading next week which could provide clues on the central bank’s rate-cutting path. At 1400 GMT, the rand traded at 17.57 against the dollar, about 0.6% stronger than its previous close. The currency is still down about 1% …
South African rand firms as focus shifts to inflation print next week Read More »
MOSCOW (Reuters) – A Russian state museum is mounting an exhibit of artwork by the daughter of slain Libyan leader Muammar Gaddafi, dedicated to her father’s memory. Aisha Gaddafi, 47, is the fifth child and only biological daughter of the dictator who ruled the North African country from 1969 until he was captured and killed …
Moscow exhibits Gaddafi daughter’s art, painted in slain Libyan leader’s honour Read More »
By George Obulutsa and Humphrey Malalo NAIROBI (Reuters) -Kenyan President William Ruto chose Interior Minister Kithure Kindiki as his new deputy on Friday, but a court blocked his appointment until it hears a case next week challenging the impeachment of Kindiki’s predecessor. The high court’s intervention came after lawmakers had already approved Kindiki’s appointment on …
Kenyan court blocks deputy president appointment hours after Ruto picks ally Read More »
(This Oct. 17 story has been corrected to include commercial creditors in call for debt forgiveness in the headline and in paragraph 1) By David Lawder WASHINGTON (Reuters) – World Bank President Ajay Banga said on Thursday that bilateral and Paris Club commercial creditors need to provide more debt forgiveness to poor debt-distressed countries, and …
World Bank’s Banga says more bilateral, commercial debt forgiveness needed Read More »
By Camillus Eboh ABUJA (Reuters) – A Nigerian court on Friday adjourned the trial of detained Binance executive Tigran Gambaryan after it was stalled because he could not appear in court due to illness. Gambaryan, a U.S. citizen and head of financial crime compliance at Binance, has been in detention in Nigeria since late February …
Nigerian court adjourns trial of Binance executive due to illness Read More »
By Aaron Ross NAIROBI (Reuters) – If Kenyan Deputy President Rigathi Gachagua’s removal on charges of stirring ethnic hatred and undermining judicial independence was unprecedented, aspects of the Senate’s verdict late Thursday were very familiar to close watchers of the country’s politics. On the charge of corruption – which included allegations he had embezzled tens …
Kenyan deputy president ousted, but accountability for corruption remains elusive Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -South African click-and-collect company Pargo is exploring an expansion into the rest of Africa, its CEO said in an interview, betting on e-commerce growth on the continent. Africa is forecast to surpass half a billion e-commerce users by 2025, having shown a steady 17% compound annual growth rate of online …
South African click-and-collect firm Pargo considers continent-wide expansion Read More »
By Dicksy O’Biero MOMBASA (Reuters) – Kenyan farmer Danson Safari was forced to give up poultry rearing after losing hundreds of chickens to attacks from aggressive Indian house crows which are multiplying along the country’s coast. The growing threat has prompted Kenyan authorities and conservation groups to turn to a chemical called starlicide to eliminate …
NAIROBI (Reuters) – The Kenyan shilling was unchanged against the dollar on Friday and will likely remain at the same levels in the next week, one foreign exchange trader said. The East African currency traded at 128.50/129.50 against the dollar at 0700 GMT, LSEG data showed, the same as Thursday’s closing rate. The shilling has …
