KAMPALA (Reuters) – Uganda power distributor Umeme Limited’s pre-tax profit for the first six months of this year plunged 82%, hurt by rising amortisation costs, the company said on Monday. Pre-tax profit fell to 16.7 billion Ugandan shillings ($4.5 million) in the first half of this year, down from 92.8 billion shillings in the same …
Uganda power firm Umeme half-year pre-tax profit plunges 82% Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China is expected to cut interest rates on Monday, but it may have to throw caution to the wind and ‘go big’ if it is to soothe the nervousness and concern …
Marketmind: China to cut rates, but will it ‘go big’? Read More »
JOHANNESBURG (Reuters) – The amount of unpaid dues that South African municipalities owe debt-laden power company Eskom has risen to more than 63.2 billion rand ($3.33 billion) and is increasing exponentially, risking even longer power cuts around the country, the electricity minister said on Sunday. Kgosientsho Ramokgopa said the figure had risen by 4.7 billion …
S.African municipalities’ unpaid dues to Eskom rise to $3.3 billion-minister Read More »
TRIPOLI (Reuters) – The Central Bank of Libya has been reinstated as a unified sovereign institution, its governor said on Sunday, almost a decade after it was split in two due to civil war. Governor Sadiq al-Kabir made the announcement at the bank’s headquarters in Tripoli after a meeting with Deputy Governor Mari Muftah Rahil …
Libya’s central bank reunifies after almost a decade Read More »
By Boureima Balima and Abdel-Kader Mazou NIAMEY (Reuters) – Supporters of Niger’s junta were forced on Saturday to halt a census of people willing to volunteer for non-military roles in defence against a possible intervention by West African powers, saying they had been overwhelmed by the numbers who turned up. Thousands of mostly young men …
Thousands of Niger junta supporters overwhelm call for civilian volunteers Read More »
By Felix Onuah and Boureima Balima ABUJA/NIAMEY (Reuters) -A delegation from West Africa’s main regional bloc ECOWAS on Saturday met Niger’s ousted President Mohamed Bazoum and held talks with junta leader General Abdourahmane Tiani in the capital Niamey, a Nigerian presidential spokesperson said. The West African group is pursuing diplomatic ways to reverse the July …
West African bloc meets Niger’s ousted president, junta leader in Niamey Read More »
BUKAVU, Democratic Republic of Congo (Reuters) – At least seven children were killed in eastern Congo on Saturday after a fire broke out at camp for people displaced by flooding, local official Thomas Bakenga said. Hundreds of families had been living in makeshift huts at the refuge in the town of Kalehe since May, when …
Seven children killed in fire at Congolese camp for displaced flood victims Read More »
BAMAKO (Reuters) – Gunmen killed at least 21 civilians in an attack on a village in central Mali’s insurgency-hit Mopti region on Friday, two local sources said on Saturday. The unidentified assailants struck in the afternoon, targeting the village of Yarou near the town of Bandiagara, the sources said, speaking on condition of anonymity. “It …
At least 21 civilians killed in central Mali attack – sources Read More »
(Reuters) – A delegation from West Africa’s main regional bloc met Niger’s ousted president Mohamed Bazoum and junta leader General Abdourahmane Tiani during a visit to the capital Niamey on Saturday, a Nigerian presidential spokesperson said in an online post. (Reporting by Felix Onuah; Writing by Alessandra Prentice; Editing by Alison Williams)
By Mahamat Ramadane N’DJAMENA (Reuters) – Chadian rebel group the Front for Change and Concord in Chad (FACT) has announced an end to a ceasefire it declared in 2021, accusing the interim authorities of bombing one of its bases in what it called an act of war. Friday’s move suggests a possible return to all-out …
Chad’s FACT rebel group ends ceasefire over alleged attack by junta Read More »
