ABUJA (Reuters) – Nigeria attracted inflows of $1.41 billion into its currency market in June, the central bank said on Thursday, after it scrapped a multiple exchange rate system that used to keep the naira artificially strong. Nigeria’s central bank lifted restrictions on foreign exchange trading in June and allowed the naira to weaken by …
Nigeria attracted $1.4 billion inflows in June after lifting FX curbs Read More »
NIAMEY (Reuters) – The China Gezhouaba Group Co Ltd has suspended the construction of its Kandadji hydroelectric dam in Niger after coup-related sanctions halted key funding, the company said in a letter seen by Reuters on Thursday. The 500 billion CFA franc ($808 million) project, located about 180 kilometres northwest of the capital Niamey, is …
By Rachel Savage and Brenda Goh JOHANNESBURG/SHANGHAI (Reuters) – Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising and lending, South Africa’s finance minister told Reuters. South Africa will host leaders of the other BRICS nations …
‘BRICS bank’ looks to local currencies as Russia sanctions bite Read More »
BAUCHI, Nigeria (Reuters) – At least 20 people were killed and others sustained gunshot wounds on Thursday after armed men attacked two villages in the north central state of Plateau, where violence between cattle herders and farmers is common, police said. Plateau police spokesperson Alfred Alabo said the attacks took place in the early hours …
Gunmen kill 20 people in Nigeria, others wounded – police Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda’s President Yoweri Museveni on Thursday denounced the World Bank’s decision to suspend new funding in response to a harsh anti-LGBTQ law and vowed to find alternative sources of credit. The country would have to revise its budget to absorb the move’s potential impact, a junior finance minister said. The …
Uganda president defiant after World Bank suspends funding over LGBT law Read More »
JOHANNESBURG (Reuters) – South Africa’s cabinet has approved the appointment of Duncan Pieterse as the new director-general of the National Treasury, Minister in the Presidency Khumbudzo Ntshavheni said on Thursday. Pieterse’s most recent role was head of asset and liability management at the National Treasury, after previously serving as its head of economic policy. He …
Pieterse named new head of South Africa’s National Treasury Read More »
By Idrees Ali and Daphne Psaledakis WASHINGTON (Reuters) – Last month’s coup in Niger has raised questions over whether the United States can continue the 1,100-strong military presence in the country that officials and analysts say has been key to fighting Islamist militants in the Sahel region. Over the past decade, U.S. troops have trained …
Analysis-US military mission in Niger in focus after coup Read More »
UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres is very concerned about the reported “deplorable living conditions” of Niger’s President Mohamed Bazoum and his family in arbitrary detention, a U.N. spokesperson said in a statement on Wednesday. “The Secretary-General reiterates his concern over the health and safety of the President and his family and once again calls for his …
UN chief concerned by ‘deplorable’ living conditions of Niger’s president Read More »
By Abdel-Kader Mazou and Felix Onuah NIAMEY (Reuters) -Niger’s military junta met with two Nigerian envoys on Wednesday, offering hope for dialogue before a summit with regional leaders that could result in military action to restore democracy. The talks took place as Niger accused France of violating its airspace, attacking a military camp and freeing …
Niger junta meets Nigeria envoys ahead of summit with regional leaders Read More »
By Michelle Nichols UNITED NATIONS (Reuters) -Sexual violence is being committed in Sudan on a “sickening scale,” while fighting in the Darfur region is reopening “old wounds of ethnic tension” that could engulf the country, United Nations officials told the Security Council on Wednesday. “The alarming accounts of sexual violence that are heard from people …
Sudanese suffer sexual violence on ‘sickening scale,’ UN says Read More »
