JOHANNESBURG (Reuters) -South African stocks fell on Thursday as worries about the banking sector rippled around the globe, while the rand gave up gains from earlier in the day which had come after the Federal Reserve had suggested it may stop hiking rates. The banking sector dampened the local market, sliding almost 3.2%. Shares on …
South African stocks fall after Fed signals pause, rand slips Read More »
WASHINGTON (Reuters) -U.S. President Joe Biden paved the way for new Sudan-related sanctions on Thursday, calling the country’s raging power struggle a “betrayal” of its citizens. Biden signed an executive order laying groundwork for potential sanctions as his intelligence chief warned that the conflict between Sudan’s military and the paramilitary Rapid Support Forces (RSF) is …
Biden paves way for new U.S. sanctions tied to Sudan violence Read More »
By Farah Saafan CAIRO (Reuters) – Egyptian authorities have arrested two male relatives and three friends of former member of parliament Ahmed Eltantawy, he said on Thursday, shortly before his announced return home ahead of an intended presidential election bid. Eltantawy confirmed to Reuters by phone from Beirut that the arrests occurred on Tuesday, declining …
Egyptian ex-MP planning presidential bid says relatives arrested Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria’s lower house of parliament on Thursday approved a plan to restructure 23.7 trillion naira ($52 billion) in short-term loans due to the central bank to long-term debt, a day after the Senate gave its consent. Nigerian government revenues are under pressure as oil production fell due to crude theft …
Nigerian lawmakers approve restructure of $52 billion in cenbank loans Read More »
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday slowed the pace of its aggressive tightening. Turmoil in the banking sector, particularly in the United States, is adding to central banks’ difficulties, leaving them juggling the need to control …
Central banks stick to rate hikes with eye on market turmoil Read More »
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday he hoped to see closer ties between Japan and Africa as he seeks to win over the “Global South” ahead of a Group of Seven (G7) summit he will host later this month. Kishida said that Japan would act as an intermediary between the …
Japan’s PM Kishida seeks closer ties with Africa in bid to woo ‘Global South’ Read More »
By MacDonald Dzirutwe LAGOS (Reuters) – Nigerian law student Umar Yusuf Yaru was relaxing in his apartment when he first heard gunfire last month in his Khartoum neighbourhood. For the next nine days, Yaru hunkered down alone as the Sudanese armed forces clashed with the paramilitary Rapid Support Forces (RSF), hoping the fighting would end. …
Nightmare in Sudan: African expats struggle to find way out Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Pick n Pay’s 2023 earnings may not exceed those of the previous year if rolling power cuts persist, the South African supermarket chain said after reporting weaker earnings on Thursday, hit by energy and store revamp costs. Shares of the country’s second-biggest supermarket chain were down 7.09% by 11135 GMT, …
S.Africa’s Pick n Pay warns earnings may fall again if blackouts persist Read More »
JOHANNESBURG (Reuters) – Some South Africans are calling for Britain to return the world’s largest diamond, known as the Star of Africa, which is set in the royal sceptre that King Charles III will hold at his coronation on Saturday. The diamond, which weighs 530 carats, was discovered in South Africa in 1905 and presented …
South Africans call for UK to return diamonds set in crown jewels Read More »
KIGALI (Reuters) – Flooding and landslides triggered by heavy rains that have killed 130 people in Rwanda this week have also destroyed more than 5,000 homes, a government spokesperson said on Thursday. The rains that started on Tuesday evening caused floods and landslides in the country’s Western and Northern provinces. The death toll stood at …
Rwanda floods kill 130, destroy over 5,000 houses Read More »
