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IMF says Ghana targeting $10.5 billion in external debt relief

By Rachel Savage and Maxwell Akalaare Adombila JOHANNESBURG/ACCRA (Reuters) -Ghana is targeting $10.5 billion of external debt service relief from 2023-2026, the IMF said, giving an early indication of how large a hit investors might face in an impending debt overhaul. The West African country’s debt is currently unsustainable, but Ghana aims to restore …

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South Africa grants Turkey’s Karpowership deal to ease power crisis

CAPE TOWN (Reuters) -South Africa has granted Turkey’s Karpowership access to the three ports of Ngqura, Durban and Saldanha Bay for a period of 20 years, the transport ministry said on Thursday, as it tries to find solutions to the country’s power crisis. Karpowership aims to generate power on its floating gas ships and distribute …

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Sudan’s conflict inflicts heavy toll on children

By Mai ShamsElDin and El Tayeb Siddig CAIRO (Reuters) – After surviving weeks of fighting in Khartoum, Sanaa Mahmoud has finally got her family to safety in Cairo but says her daughter still wakes up at night screaming because of the gunfire and airstrikes that rocked her neighbourhood. “They saw everything, the gunfire was falling …

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IMF: Ghana intends to agree debt rework MoU with official creditors before November

JOHANNESBURG (Reuters) – Ghanaian authorities aim to agree a memorandum of understanding with official creditors before the first IMF programme review, which they expect to bring to the Fund’s board in November and would trigger a payout of $600 million, the IMF said on Thursday. The International Monetary Fund’s executive board approved a $3 billion, …

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South African rand extends losses as dollar gains on debt ceiling talks

JOHANNESBURG (Reuters) -South Africa’s rand extended the previous day’s losses on Thursday as the U.S. dollar hovered near a seven-week high on optimism over U.S. debt ceiling talks. At 1529 GMT, the rand traded at 19.3625 against the dollar, almost 0.5% weaker than its previous close. On Wednesday, it fell around 1%. The dollar was …

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Tunisia frees two students arrested for satirical song criticising police

TUNIS (Reuters) – A Tunisian judge on Thursday freed two students arrested over a satirical song criticising the police, after President Kais Saied said their detention was “totally unacceptable” and called for their release, their lawyers said. Youssef Chelbi and Dhia Nsir were arrested on Wednesday after posting a clip on Tik Tok and Facebook …

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A second exile: Sudanese refugees flee again to destitute Chad

By Zohra Bensemra and Mahamat Ramadane KOUFROUN, Chad (Reuters) – Fleeing the village to escape from attackers, crossing a desert border, building a shelter from straw and rags, waiting for food aid: these are familiar hardships for Halime Adam Moussa, who has fled Sudan for Chad with her family for a second time. Moussa, 68, …

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Uganda says construction of long-delayed modern railway line to start this year

KAMPALA (Reuters) – Uganda said on Thursday construction of its much delayed $2.2 billion Standard Gauge Railway (SGR) will commence this year, a welcome development for importers and exporters in the landlocked country who had long endured sky-high transport costs. “Government of Uganda… is in advanced stages of engaging M/s Yapi Merkezi (Turkish firm) to …

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Kremlin says African Ukraine peace delegation will visit Moscow

MOSCOW (Reuters) – The Kremlin said on Thursday that a delegation from African countries hoping to present an initiative to end the conflict in Ukraine would visit Moscow. Several countries have offered to broker peace between Russia and Ukraine, including China, whose special envoy began touring Europe this week in a bid to promote Beijing’s …

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Exclusive-S.Africa circles back to shale gas as power crisis drags

By Wendell Roelf CAPE TOWN (Reuters) – South Africa will auction at least 10 new onshore blocks for shale gas exploration in the environmentally sensitive Karoo region, a government official told Reuters, as the country eyes alternative energy sources to ease its worst-ever power crisis. South Africa’s first competitive auction for oil and gas resources, …

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