By Nelson Banya (Reuters) -South African coal miner Exxaro Resources is planning to build up a cash balance of up to 15 billion rand ($788.34 million), partly to fund acquisitions as it widens its search for clean energy minerals, executives said on Thursday. Exxaro announced plans to acquire critical mineral assets two years ago to …
Exxaro builds cash pile, widens search for critical mineral targets Read More »
DAKAR (Reuters) – Senegal’s hunger striking opposition leader Ousmane Sonko was admitted to intensive care at a Dakar hospital after falling ill on Wednesday night, his party said in a statement on Thursday. Reuters could not independently verify the statement. Sonko’s party, Pastef, gave no details about his condition. Sonko has been on a hunger …
Hunger striking Senegal opposition leader Sonko in intensive care, party says Read More »
By Camillus Eboh ABUJA (Reuters) – At least 36 Nigerian soldiers were killed in two attacks during operations against armed gangs in the northern-central state of Niger, the military said on Thursday. Gangs of heavily armed men have wreaked havoc across northwest Nigeria in the past two years, kidnapping thousands, killing hundreds and making it …
At least 36 Nigerian soldiers killed in ambush, helicopter crash Read More »
TRIPOLI (Reuters) – A brand new highway junction in a suburb of Tripoli was meant to showcase how the government was delivering improvements to the lives of ordinary Libyans but this week’s deadly clashes left it ringed by burnt-out cars and littered with spent bullet cases. The violence that killed 55 people around the intersection …
Analysis-Libya’s gunfights clash with government effort to rebuild Read More »
BERLIN (Reuters) – German Foreign Minister Annalena Baerbock has held talks with African Union Chair Moussa Faki Mahamat, U.S. Secretary of State Antony Blinken and other stakeholders about the coup in Niger, and Germany is now backing EU sanctions against the military junta, her ministry said on Thursday. In comments posted to X, the social …
Germany backs EU sanctions against Niger military junta – foreign ministry Read More »
ABUJA (Reuters) – A Nigerian court in the capital Abuja adjourned a hearing on Thursday for suspended central bank governor Godwin Emefiele, who is facing a 20-count fraud charge, due to the absence of a second defendant on the case, a government lawyer said. The matter was adjourned to Aug 23 after a co-defendant on …
Nigerian court adjourns suspended central bank governor’s fraud hearing Read More »
KIGALI (Reuters) -Rwanda’s central bank raised its main lending rate by another 50 basis points on Thursday to 7.5% in an effort to maintain a downward inflation trend and indicated that may be the end of its tightening cycle. Annual inflation peaked at 21.7% in November last year, falling to 11.9% in July, but it …
Rwanda raises interest rate to keep inflation on downward path Read More »
DAKAR (Reuters) – More than 60 people are feared dead after a boat carrying mostly Senegalese migrants capsized off the coast of Cape Verde in the Atlantic Ocean. The boat left Senegal on July 10 with 101 passengers on board, and 38 people were rescued on Tuesday, Senegal’s foreign ministry said in a statement late …
Migrant boat capsizes off Cape Verde, over 60 feared dead -Senegal ministry Read More »
By Promit Mukherjee JOHANNESBURG (Reuters) -Africa’s biggest lender by assets Standard Bank said on Thursday its bad loans would stay elevated in the second half of the year but within its preferred range, as high borrowing costs pressure debt repayments. Its loan losses for the first half ended June 30 jumped by more than 40%. …
South Africa’s Standard Bank sees high bad loans in second half Read More »
TRIPOLI (Reuters) -A Libyan factional commander whose seizure triggered the worst fighting in Tripoli for years, with 55 killed and 146 wounded, was returned to his unit on Wednesday, officials in the commander’s organization said. Mahmoud Hamza, head of the powerful 444 Brigade, was seized by the Special Deterrence Force on Monday as he tried …
Captured Libyan commander rejoins unit after clashes kill 55 Read More »
