GENEVA (Reuters) – The United Nations human rights chief on Friday said there was no legal basis for Niger’s military junta to prosecute deposed president Mohamed Bazoum for high treason, saying the “very notion of freedoms” in the country was at stake. The military junta, which seized power in a coup last month, said it …
UN rights chief says Niger president treason case has ‘no legal basis’ Read More »
MOGADISHU (Reuters) – Somali President Hassan Sheikh Mohamud said a military offensive against al Shabaab aims to eliminate the al Qaeda-linked group in the next five months, but security experts question the timeline amid persistent militant attacks. Mohamud plans to officially launch the second phase of the campaign in coming days from the central town …
Somalia plans to eliminate al Shabaab in months, but analysts sceptical Read More »
KAMPALA (Reuters) – Stanbic Bank Uganda, the country’s biggest bank by assets, on Friday reported a 20.7% rise in pre-tax profit in the first six months of 2023, helped by higher interest income. A unit of South Africa’s Standard Bank Group, the bank said it had earned 263.4 billion shillings ($70.62 million) in profit before …
Stanbic Bank Uganda’s half-year profit up more than 20% Read More »
CAIRO (Reuters) – Egypt will keep electricity prices unchanged for consumers until Jan. 2024, the cabinet said in a statement on Thursday. Egypt, however, has committed to deep cuts to energy subsidies and a range of monetary and fiscal reforms as part of a financial support package with the International Monetary Fund. The country is …
Egypt to keep electricity prices unchanged for consumers until Jan. 2024 Read More »
By Pete Schroeder WASHINGTON (Reuters) -Longer-dated U.S. Treasury yields hit a 10-month high Thursday as Wall Street accelerated losses into the close and investors grappled with the potential for longer-lasting high interest rates and a struggling Chinese economy. Benchmark 10-year yields reached 4.312% in trading and tested October’s 4.338%, before moving lower to 4.29%. The …
U.S. Treasury yields jump and stocks dip on rate, China concerns Read More »
By Hannah Lang WASHINGTON (Reuters) – The dollar index hovered near a two-month high on Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy. Investors continue to closely watch the Japanese yen, which touched the key 145 level for the first …
Dollar near two-month high, investors eye intervention-zone yen Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Thursday after falling for three straight sessions, as the dollar weakened and China’s central bank sought to bolster the property market and wider economy. Brent crude futures rose 67 cents, or 0.8%, to $84.12 a barrel, while U.S. West Texas Intermediate crude (WTI) was up $1.01, …
Oil rises as dollar eases, China seeks to soothe economic woes Read More »
By Felix Onuah ABUJA (Reuters) – Nigeria has approved a total of 180 billion naira ($235 mln) for its 36 states to procure rice and maize to cushion the effects of food shortages across the country and hardship caused by reforms, Borno state governor Babagana Zulum said on Thursday. President Bola Tinubu has embarked on …
Nigeria gives $235 million to states to buy rice, maize to ease food shortages Read More »
By Maxwell Akalaare Adombila and Boureima Balima ACCRA/NIAMEY (Reuters) -The West African bloc ECOWAS stands ready to intervene militarily in Niger should diplomatic efforts to reverse a coup there fail, a senior official told army chiefs who were meeting in Ghana on Thursday to discuss the details of a standby force. Niger military officers deposed …
West African bloc says ‘we are going into Niger’ if all else fails Read More »
JOHANNESBURG (Reuters) -The South African rand strengthened on Thursday against the dollar after data suggested the country’s business confidence remained relatively stable. At 1628 GMT, the rand traded at 19.0875 against the dollar, about 0.52% stronger than its previous close. It had risen more than 1.1% earlier in the day. The South African Chamber of …
South African rand gains as business confidence remains stable Read More »
