NAIROBI (Reuters) -Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator said late on Monday, in a reversal of government policy following public anger over the high cost of living. On coming to office last September, President William Ruto removed fuel and maize flour subsidies …
Kenya reinstates small fuel subsidy in government U-turn Read More »
By Camillus Eboh and Elisha Bala-Gbogbo ABUJA (Reuters) – Nigerian prosecutors filed a 20-count indictment against suspended and detained central bank governor Godwin Emefiele on Tuesday, one of them accusing him of “conferring unlawful advantages”, a government lawyer said. President Bola Tinubu, who is embarking on the boldest reforms in Africa’s biggest economy in more …
Nigeria files graft charges against detained and suspended cenbank chief Read More »
By Elias Biryabarema KAMPALA (Reuters) -Uganda’s central bank cut its main lending rate on Tuesday for the first time in more than two years, saying it aimed to boost economic growth after inflation fell faster than expected. The cut in the Central Bank Rate (CBR) to 9.5% from 10.0% came after inflation fell to 3.9% …
Uganda central bank cuts policy rate to boost growth as inflation slows Read More »
By Elisha Bala-Gbogbo ABUJA (Reuters) – Nigeria’s annual inflation rose to its highest level in nearly two decades in July at 24.08% against 22.79% in June, worsening a cost-of-living crisis in Africa’s largest economy as President Bola Tinubu’s reforms continue to take effect. Inflation in Nigeria has been in double digits since 2016, eroding savings …
Nigeria inflation rises to 18-year high in July as reform effects linger Read More »
ABUJA (Reuters) – West African army chiefs will meet in Ghana’s capital Accra on Thursday and Friday to prepare for a possible military intervention to restore democratic order in Niger, a spokesperson for regional bloc ECOWAS said on Tuesday. (Reporting by Felix Onuah; Writing by Nellie Peyton; Editing by Estelle Shirbon)
By Rachel Savage JOHANNESBURG (Reuters) – A $436 million “debt-for-nature” swap by Gabon to fund marine conservation has backers hoping for more such money-saving environmental deals, but some investors still see room for improvement in the increasingly-popular transactions. The central African country, whose beaches and coastal waters are home to the world’s largest population of …
Gabon ‘blue bond’ swap raises hopes for wave of African debt-for-nature deals Read More »
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s official unemployment rate dropped marginally in the second quarter to 32.6%, its lowest level since the first quarter of 2021, data showed on Tuesday. Statistics South Africa said the number of people with jobs rose to 16.3 million in April-June, approaching the pre-COVID level of 16.4 million and …
South Africa’s unemployment rate drops marginally in second quarter Read More »
(Reuters) -Niger’s ousted president Mohamed Bazoum was toppled by a military junta on July 26. The imprisoned leader faces possible high treason charges over his exchanges with foreign heads of state and international organisations, coup leaders have said. Below are some details about Bazoum and his rise and fall from power: MINISTER-TURNED-PRESIDENT Bazoum, 63, served …
What you need to know about Niger’s ousted president Read More »
BERLIN (Reuters) – The coup in Niger is “a setback that aggravates the complex development challenges in the country and in the Sahel further,” German development minister Svenja Schulze said on Tuesday during a visit to West Africa. “We call for the immediate release of President Mohamed Bazoum and for the full restoration of constitutional …
Niger coup is setback for Sahel development – German minister Read More »
By Rachel Savage JOHANNESBURG (Reuters) – A $436 million “debt-for-nature” swap by Gabon to fund marine conservation has backers hoping for more such money-saving environmental deals, but some investors still see room for improvement in the increasingly-popular transactions. The central African country, whose beaches and coastal waters are home to the world’s largest population of …
Gabon ‘blue bond’ swap raises hopes for wave of African debt-for-nature deals Read More »
