Reuters Africa - Squid Business

Congo security forces fire tear gas at anti-government protesters

By Ange Kasongo KINSHASA (Reuters) -Democratic Republic of Congo security forces fired tear gas and fought running battles in the streets of the capital Kinshasa with anti-government protesters demonstrating on Saturday over alleged irregularities in voter registration. The protesters are also angry over the rising cost of living and prolonged insecurity in the east of …

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After fleeing conflict, displaced women face rape in east Congo

By Djaffar Sabiti GOMA, Democratic Republic of Congo (Reuters) – Four men with machetes were hard on their heels as a group of women raced through the dense forest surrounding east Congo’s city of Goma, desperate to reach a displacement camp they had left to collect firewood. One tripped on a stone and fell. She …

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Ahead of financing summit, France lobbies G7 over Africa debt, climate impact

By John Irish HIROSHIMA, Japan (Reuters) – The Group of Seven (G7) wealthy nations need to take more responsibility in boosting crisis financing for vulnerable countries across the world and work with them to reform the post-war financing system, French officials said. France will host on June 22-23 the “Summit for a New Global Financial …

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Wall Street closes down, dollar dips as debt ceiling talks stall

By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended lower and the dollar lost ground on Friday as negotiations to raise the U.S. debt ceiling were put on hold, jarring market participants as they headed into the weekend and the United States moved closer to the deadline to avoid default. While all three major …

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Soccer: Egypt’s Al Ahly through to yet another African Champions League final

(Reuters) – Cairo giants Al Ahly advanced to a fourth successive African Champions League final as they completed a comfortable aggregate victory over Esperance of Tunisia after a 1-0 home win in Friday’s second leg of their semi-final tie. Hussein El Shahat scored after 22 minutes, with a clever chip over the goalkeeper from an …

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‘Four Daughters’ mixes documentary, fiction to portray Tunisian mother

By Miranda Murray CANNES (Reuters) – Tunisian director Kaouther Ben Hania mixes fiction and documentary to capture the story of Olfa Hamrouni, whose older daughters left to fight for Islamic State in “Four Daughters,” her first entry for the Cannes Film Festival’s top prize. The only Arab entry in competition follows Hamrouni, who drew international …

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Oil slips as debt talks pause, Fed warns of high inflation

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new debt ceiling and trigger a default that would hurt the economy and reduce fuel demand. Brent futures settled 28 cents, or 0.8%, lower at $75.58 a barrel, while West Texas Intermediate U.S. …

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US dollar skids as Fed’s Powell hints at June pause, debt talks stall

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance, contrary to market expectations, saying that given how credit conditions have tightened, the U.S. central bank may not need to raise interest rates as much. A pause in negotiations to raise the …

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Ghana receives first $600 million tranche of $3 billion IMF loan -Ghana’s finance minister

JOHANNESBURG (Reuters) – Ghana’s Finance Minister Ken Ofori-Atta said on Friday that the first $600 million tranche of a $3 billion, three-year extended credit facility has been received. The funds will be used for budget support and help bring down inflation, Ofori-Atta said on Twitter. The International Monetary Fund’s executive board on Wednesday approved the …

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Air strikes hammer Khartoum as army chief drops RSF foe from Sudan council

KHARTOUM (Reuters) -Sudan’s capital Khartoum and sister city Bahri came under renewed air attack on Friday as the war between the army and paramilitary forces entered its fifth week, deepening a humanitarian crisis for trapped and displaced civilians. Mass looting by armed men and civilians alike is making life an even greater misery for Khartoum …

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