Reuters Africa - Squid Business

Egypt’s president pardons activist Douma, other prisoners -state TV

CAIRO (Reuters) -Egypt’s President Abdel Fattah al-Sisi pardoned prominent activist Ahmed Douma, along with a number of prisoners, state TV said on Saturday. Douma, a leading figure in the pro-democracy revolt that toppled autocrat Hosni Mubarak, was detained a decade ago and sentenced in 2019 to 15 years in prison for rioting and attacking security …

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Senegal village mourns scores lost on drifting migrant boat

By Ngouda Dione and Joel Kouam FASS BOYE, Senegal (Reuters) – The brightly painted boats in the Senegalese fishing village of Fass Boye lay idle on Friday. The sound of wailing drifted from households out to the empty streets. Residents walked from home to home offering condolences to mourning families. More than 100 people boarded …

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Morocco has not applied to join BRICS – state media

RABAT (Reuters) – Morocco has not made a formal request to join the BRICS grouping and will not attend its summit in South Africa, state news agency MAP said on Saturday. Citing an unnamed diplomatic source, MAP denied a statement by South Africa’s foreign minister Anil Sooklal who said earlier this month Morocco was among …

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West African bloc says ‘D-Day’ set for possible Niger intervention

By Maxwell Akalaare Adombila ACCRA (Reuters) – West Africa’s main regional bloc on Friday said it had agreed an undisclosed “D-Day” for a possible military intervention to restore democracy in Niger if diplomatic efforts fail, stressing that it would not hold endless dialogue with the defiant junta. The comments came at the end of a …

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Wall Street, yields tread water as investors await Fed at Jackson Hole

By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal Reserve next week. Global shares were stuck around two-month lows and Wall Street indexes closed nearly flat and narrowly mixed. The Dow Jones Industrial Average …

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Gabon’s main opposition parties choose joint candidate for presidential vote

LIBREVILLE (Reuters) – Major opposition parties in Gabon on Friday backed a single candidate for the Aug. 26 presidential election, joining forces in the hope of beating President Ali Bongo and ending his family’s 56-year grip on power. Of the 19 candidates on the ballot, five have agreed to support the candidacy of former minister …

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Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks

By Shariq Khan BENGALURU (Reuters) -Oil prices rose about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended their longest weekly rally of 2023 on mounting concerns about global demand growth. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at $81.25 a barrel, and …

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Dollar set for fifth straight week of gains as China stays top of mind

By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand for safer assets on worries over China’s economy and bets that U.S. interest rates will stay high. The People’s Bank of China (PBOC) …

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Anglogold Ashanti shareholders approve South Africa exit

(Reuters) – Anglogold Ashanti shareholders on Friday voted in favour of the miner’s plans to switch its primary listing from Johannesburg to New York, the company announced, clearing the way for its exit from South Africa. More than 98% of Anglogold shareholders approved the switch, exceeding the required majority of at least 75% at a …

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Soccer-South Africa’s Women’s World Cup success highlights unequal pay issues

By Thando Hlophe JOHANNESBURG (Reuters) – South Africa’s surprise success in reaching the knockouts at the Women’s World Cup has highlighted their inferior pay and resources when compared with the historically less successful men’s team. South Africa’s women’s team, known as “Banyana Banyana”, reached the last 16 at the World Cup in Australia and New …

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