By Sonia Rolley (Reuters) – The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo’s resources with little benefit to the country. The plan to boost Congo’s stake and have greater …
Exclusive-Congo to hike stake in copper, cobalt venture with China Read More »
By Krishna N. Das NEW DELHI (Reuters) – India’s government laboratories should give “top priority” to testing cough syrup for export, the drug regulator said on Wednesday, after the deaths of dozens of children in Gambia and Uzbekistan were linked to the medicines. The Central Drugs Standard Control Organisation’s directive also said laboratories should issue …
Indian labs to give ‘top priority’ to tests on cough syrup exports – regulator Read More »
By Kopano Gumbi JOHANNESBURG (Reuters) -South Africa’s central bank will likely extend its tightening cycle and push rates cuts further into the future amid countrywide power outages and currency weakness, analysts said, adding to inflationary pressures straining businesses and households. The South African Reserve Bank (SARB) – which is facing a dilemma of how to …
South Africans face more interest rate hike pain as inflation sticks Read More »
By Rachel Savage JOHANNESBURG (Reuters) -Africa’s economic growth is set to edge upwards in 2023 and 2024 amid tighter global monetary policy and the fallout from Russia’s invasion of Ukraine, but South Africa’s will plummet, the African Development Bank (AfDB) said. The continent’s GDP growth is projected to rise to 4% this year and 4.3% …
African GDP growth to edge up in 2023 despite South Africa slide -AfDB Read More »
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.3% in the first quarter, data showed on Wednesday, hurt by a government plan to swap old banknotes for newly designed ones that disrupted trade and payments. The gross domestic product (GDP) data came hours before a central bank interest rate announcement …
Nigeria GDP growth slows ahead of interest rate announcement Read More »
HARARE (Reuters) – Sinomine Resource Group’s Zimbabwean lithium mining unit has resumed operations after addressing issues relating to labour management and other regulatory concerns, the company said on Wednesday. Sinomine’s wholly-owned Bikita Minerals, Zimbabwe’s oldest lithium mine, was forced to suspend operations on May 15 to allow government inspections. In a statement, Sinomine said Bikita …
THE HAGUE (Reuters) – Lawyers for a Malian Islamist rebel accused of war crimes told his trial before the International Criminal Court (ICC) on Wednesday that their client was a just a small fish within the rebel group that took over Timbuktu. Defence lawyer Melinda Taylor did not deny that Al Hassan Ag Abdoul Aziz …
Defence says Malian rebel in ICC trial was ‘small fry’ Read More »
WASHINGTON (Reuters) – The U.S. State Department on Monday said Russia’s Wagner Group is trying to obscure its efforts to acquire military equipment for use in Ukraine, adding that Washington has been informed the mercenary force is seeking to move those acquisitions through Mali to aid Russia in its war. Wagner is willing to use …
US says Russia’s Wagner Group seeking to transit military equipment through Mali Read More »
By Emma Farge GENEVA (Reuters) – The United Nations human rights chief on Wednesday described the situation in Sudan as “heartbreaking” and made a direct call to the two warring generals to stop sexual violence and spare the lives of civilians. Fighting in Sudan that broke out more than a month ago has killed hundreds …
UN rights chief asks Sudan’s generals to stop ‘senseless violence’ Read More »
By Andrew Mills DOHA (Reuters) – Ghanaian President Nana Akufo-Addo said on Wednesday his government was planning a “very disciplined approach” in implementing the International Monetary Fund’s loan programme. The IMF’s executive board last week approved a $3 billion loan over three years for the African country, with an immediate disbursement of about $600 million. …
Ghana plans ‘disciplined approach’ to IMF loan, says president Read More »
