Reuters Africa - Squid Business

Some Ghana bondholders received coupon payment of World Bank-backed bond -source

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Some investors of Ghana’s 2030 Eurobond have received coupon payments which had been due on April 14, a source with direct knowledge of the matter said on Wednesday. The government announced it would default on some its external debt in December and has not made payments …

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Hess discloses new discovery in Guyana as profit tops estimates

By Arunima Kumar, Liz Hampton and Sabrina Valle (Reuters) -Oil and gas producer Hess Corp on Wednesday topped Wall Street’s first-quarter profit estimates and disclosed its consortium with Exxon Mobil Corp made a new discovery off the coast of Guyana. The discovery on the group’s Stabroek Block is the latest of more than 30 in …

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US confirms second American death in Sudan, seeks extended ceasefire

WASHINGTON (Reuters) -A second American has died in Sudan, the White House said on Wednesday, and U.S. authorities are helping a small number of citizens seeking to leave the country during a ceasefire that has curbed fighting. While sporadic violence continues, the ceasefire announced by the United States on Monday appears to be holding, White …

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South African rand steady as producer inflation slows

JOHANNESBURG (Reuters) -The South African rand was steady against the dollar on Wednesday following data showing a dip in local producer inflation. At 1556 GMT, the rand traded at 18.3700 to the dollar, near its previous close of 18.2675. The dollar was down about 0.44% against a basket of currencies. Shedding further light on inflationary …

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No sign Sudan warring parties ready to negotiate – U.N

By Michelle Nichols UNITED NATIONS (Reuters) – A U.S.-brokered ceasefire in Sudan appears to be partially holding but there is no sign the warring parties are ready to seriously negotiate, the U.N. special envoy on Sudan said on Tuesday. This suggested “that both think that securing a military victory over the other is possible,” envoy …

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Uganda’s president asks for changes to LGBT bill so identity is not criminalised

KAMPALA (Reuters) – Uganda’s President Yoweri Museveni has asked lawmakers to make clear in a proposed anti-homosexuality law that it is not criminal to merely identify as gay, as part of an attempt to tone down a bill that has drawn international condemnation. Last month, lawmakers in the east African country overwhelmingly passed the proposed …

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Buckets for toilets and no lights – Johannesburg’s poorest feel let down

By Catherine Schenck and Anait Miridzhanian JOHANNESBURG (Reuters) – In a dilapidated block in the business district of Africa’s wealthiest city, Johannesburg, Thulani Cele and 300 others squatting in the building fill buckets with water from the only working tap so they can drink and wash. “We are living in a terrible situation. We need …

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Factbox-Sudan’s Bashir and allies out of prison

(Reuters) – With conflict raging in Sudan, the army said on Wednesday former long-time autocratic ruler Omar al-Bashir had been moved from prison to a military hospital along with at least five members of his former administration. Meanwhile, another former Bashir government figure – Ahmed Haroun – said he had left prison with others and …

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Mozambique president says TotalEnergies can safely resume $20 billion gas project

By Nelson Banya and Manuel Mucari MAPUTO (Reuters) -Mozambique President Filipe Nyusi on Wednesday said it was safe for TotalEnergies to restart the Cabo Delgado liquefied natural gas (LNG) project that was halted in 2021 after insurgent attacks on civilians. An Islamic State-linked insurgency in the northern Mozambican province has claimed thousands of lives since …

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S.Africa’s Eskom losing well over $55 million a month through theft, ex-CEO says

By Carien du Plessis JOHANNESBURG (Reuters) -South African state power firm Eskom loses well over 1 billion rand ($55 million) a month from theft, its former chief executive told parliament on Wednesday, saying a previous estimate he gave was conservative. Andre de Ruyter made the comments in a written submission to parliament’s Standing Committee on …

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