Reuters Africa

US bars entry of three Congo public officials for ‘significant corruption’

(Reuters) – The United States has barred three Democratic Republic of the Congo public officials from entering the country, alleging the individuals were involved in significant corruption, a U.S. State Department spokesperson said on Wednesday. The individuals targeted include Cosma Wilungula Balongelwa, the former Director General of the Congolese Institute for the Conservation of Nature …

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Nigeria’s eurobonds drop as government says no need for petrol price rise

By Rachel Savage and Jorgelina do Rosario JOHANNESBURG/LONDON (Reuters) -Nigeria’s international dollar-denominated bonds fell on Wednesday, after the president’s spokesman said petrol prices did not need to rise more, and blamed foreign exchange shortages on “gross mismanagement” at the central bank. The 2051 maturity dropped as much as 1.7 cents on the dollar to 68.894 …

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