Reuters Africa - Squid Business

Ghana central bank holds policy rate at 29.5% as inflation slows

By Maxwell Akalaare Adombila ACCRA (Reuters) -Ghana’s central bank maintained its main interest rate at 29.5% on Monday, saying tight monetary policy and relative exchange rate stability were helping inflation fall. The West African nation, a producer of cocoa, gold and oil, has been grappling with its worst economic crisis in a generation, characterised by …

Ghana central bank holds policy rate at 29.5% as inflation slows Read More »

SKF to build plant in Morocco for magnetic bearings

STOCKHOLM (Reuters) – Sweden’s SKF is investing 50 million crowns ($4.9 million) in a magnetic bearings factory in Tangier in Morocco, the company said on Monday. “The new site will ramp up operations during the second quarter and once fully operational, will help meet growing demand for magnetic bearings,” the world’s biggest bearings maker said …

SKF to build plant in Morocco for magnetic bearings Read More »

Rare shipment of U.S. oil heads to South Africa for Glencore refinery

By Arathy Somasekhar HOUSTON (Reuters) -A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has restarted operations after an explosion shuttered it in 2020, according to ship tracking data and a source. U.S. oil exports this year …

Rare shipment of U.S. oil heads to South Africa for Glencore refinery Read More »

Cholera outbreak claims ten more lives in South Africa

JOHANNESBURG (Reuters) – The provincial health department in the South African province of Gauteng on Sunday announced 19 new cases of Cholera in Hammanskraal, including 10 deaths. South Africa reported its first cholera death in February, after the virus arrived in the country from Malawi. It was unclear how many cholera cases there was nationally …

Cholera outbreak claims ten more lives in South Africa Read More »

Sudan ceasefire deal raises hopes for relief in Khartoum

By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -Air strikes and clashes between Sudan’s warring factions could be heard in the capital Khartoum on Sunday, residents said, after a Saudi and U.S.-brokered deal for a week-long ceasefire raised hopes of a pause in the five-week conflict. The deal, signed on Saturday by the army and …

Sudan ceasefire deal raises hopes for relief in Khartoum Read More »

Pope calls for rival Sudanese parties to lay down arms

VATICAN CITY (Reuters) – Pope Francis on Sunday called for warring factions in Sudan to set aside their weapons, expressing sadness at the violence that has continued for more than a month in the African nation. “In encouraging the partial agreements reached so far, I renew my heartfelt plea for weapons to be set aside,” …

Pope calls for rival Sudanese parties to lay down arms Read More »

Sudan’s army says it is committed to ceasefire deal – statement

CAIRO (Reuters) – Sudan’s army confirmed on Sunday a seven-day ceasefire deal with the paramilitary Rapid Support Forces (RSF), saying it would be limited to arrangements for a truce to protect civilians and hospitals and did not address political issues. “Your armed forces announces its commitment to the text of the agreement and hopes that …

Sudan’s army says it is committed to ceasefire deal – statement Read More »

Sudan’s army and paramilitary RSF sign seven-day ceasefire

CAIRO/DUBAI (Reuters) -Sudan’s warring factions signed an agreement late on Saturday for a seven-day ceasefire as fighting that has plunged the country into chaos and displaced more than a million entered its sixth week. The ceasefire will take effect at 9:45 p.m. Khartoum time (1945 GMT) on Monday, the sponsors of the talks, the United …

Sudan’s army and paramilitary RSF sign seven-day ceasefire Read More »

Sudan’s factions agree to 7-day humanitarian truce and ceasefire, sources say

(Reuters) – The Sudanese army and paramilitary Rapid Support Forces (RSF) agreed to a seven-day humanitarian truce and ceasefire, two negotiation sources told Reuters on Saturday. The new agreement will take effect after 48 hours, the sources added. Past similar ceasefires were not honoured by the warring parties. Sudan has been mired in turmoil since …

Sudan’s factions agree to 7-day humanitarian truce and ceasefire, sources say Read More »

U.S.’s Blinken speaks with Burhan about talks to reach ceasefire in Sudan

(Reuters) – U.S. Secretary of State Antony Blinken said on Saturday he spoke with Sudanese army leader General Abdel Fattah al-Burhan about efforts to reach another short-term ceasefire in the strife-torn country. “I spoke this morning with Sudanese General Burhan about ongoing talks to reach an effective short-term ceasefire to facilitate humanitarian assistance and restore …

U.S.’s Blinken speaks with Burhan about talks to reach ceasefire in Sudan Read More »