Reuters Africa

IMF board approves $191 million credit facility to Central African Republic

DAKAR (Reuters) – The International Monetary Fund’s executive board has approved a 38-month extended credit facility of around $191 million to the Central African Republic, it said in a statement. The decision enables an immediate disbursement of about $15 million. The arrangement will help the Central African Republic — one of the world’s poorest countries …

IMF board approves $191 million credit facility to Central African Republic Read More »

Kenyan shilling holds ground as traders await oil import deals

NAIROBI (Reuters) – Kenya’s shilling held its ground against the dollar on Friday, as traders were cautious before the introduction of oil import deals that should ease persistent FX demand from fuel marketers. At 0906 GMT, commercial banks quoted the shilling at 135.90/136.10 per dollar, compared with 135.85/136.05 at Thursday’s close. The shilling has lost …

Kenyan shilling holds ground as traders await oil import deals Read More »

Guinea book festival hopes to turn the page on low literacy rate

By Souleymane Camara CONAKRY (Reuters) – Guinea’s national sports stadium buzzed with people seeking a different kind of workout this week, as minds flexed and stretched in pursuit not of muscle gains, but literary enrichment. The 15th edition of Guinea’s “72 Hours of the Book” festival unfolded in venues across the capital Conakry, bringing together …

Guinea book festival hopes to turn the page on low literacy rate Read More »

White House urges Americans to leave Sudan within next 24 to 48 hours

By Andrea Shalal and Steve Holland WASHINGTON (Reuters) – The situation in Sudan could worsen at any moment and Americans should leave within the next 24 to 48 hours, White House spokesperson Karine Jean-Pierre said on Thursday. The administration was deeply concerned by an increase in ceasefire violations in Sudan on Wednesday, and the U.S. …

White House urges Americans to leave Sudan within next 24 to 48 hours Read More »

Sudan’s factions say they agree to extend truce but fighting goes on

By Khaled Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) -Sudan’s two warring factions said on Thursday they would prolong a ceasefire agreement by 72 hours, but violence again rocked the capital Khartoum and the western region of Darfur as the U.S. said ceasefire violations were worrying.  Hundreds have died and tens of thousands of people have …

Sudan’s factions say they agree to extend truce but fighting goes on Read More »

US court orders South African firm’s CEO to pay $3.4 billion for bitcoin fraud

By Kanishka Singh and Chris Prentice WASHINGTON (Reuters) – A federal judge in Texas ordered the head of a South African firm to pay a whopping $3.4 billion for what the U.S. commodities regulator said was its largest-ever fraud case involving bitcoin. Cornelius Johannes Steynberg was ordered to pay $1.7 billion in restitution to victims …

US court orders South African firm’s CEO to pay $3.4 billion for bitcoin fraud Read More »