Reuters Africa

Congo state miner and China’s CMOC reach agreement on royalties

(Reuters) – An agreement on royalties between Congo’s state miner and China’s CMOC has been reached, paving the way for the resumption of minerals exports from the world’s second largest cobalt mine, Congo’s finance minister said late on Monday. Copper and cobalt exports from Tenke Fungurume Mining (TFM) were suspended in July after an escalation …

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‘High bio-hazard risk’ in Sudan after laboratory seized, WHO says

GENEVA (Reuters) – There is a “high risk of biological hazard” in the Sudanese capital Khartoum after one of the warring parties seized a laboratory holding measles and cholera pathogens and other hazardous materials, the World Health Organization said on Tuesday. Speaking to reporters in Geneva via video link from Sudan, the WHO’s Nima Saeed …

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Morocco not planning currency band changes in near term – finance minister

LONDON (Reuters) – Morocco is not planning any changes for now to its currency trading band, Finance Minister Nadia Fettah Alaoui said on Monday. Morocco began gradual currency market reforms in 2018 but has not made any significant changes since 2020 when it increased how much the dirham was allowed to fluctuate from a centrally …

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IMF approves immediate disbursement of about $153 million to Tanzania

WASHINGTON (Reuters) -The executive board of the International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement. The IMF said Tanzania’s economic reform program is progressing well in a challenging global economic environment, but …

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Sudan factions agree to 72-hour ceasefire as foreigners are evacuated

By Khalid Abdelaziz and Aidan Lewis KHARTOUM (Reuters) -Sudan’s warring factions agreed to a 72-hour ceasefire starting on Tuesday, while Western, Arab and Asian nations raced to extract their citizens from the country. The Sudan Armed Forces (SAF) said the U.S. and Saudi Arabia mediated the truce. U.S. Secretary of State Anthony Blinken announced the …

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Canada to support Sudanese residents with new immigration measures

By Kanishka Singh (Reuters) – Canada will introduce new immigration measures to support Sudanese temporary residents who are currently in Canada and may be unable to return home due to the rapidly deteriorating situation in Sudan, the government said on Monday. Fighting erupted between Sudan’s armed forces and the Rapid Support Forces (RSF) paramilitary group …

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