Reuters Africa - Squid Business

Turkey, Tunisia banks most at risk from tighter financing conditions – S&P Global

LONDON (Reuters) – Tighter global financing conditions are putting pressure on emerging market banking systems, with those in Turkey and Tunisia most at risk, ratings agency S&P Global said in a report on Monday. S&P said its base-case scenario was that Turkish banks would retain access to external funding, but with a moderate decline in …

Turkey, Tunisia banks most at risk from tighter financing conditions – S&P Global Read More »

Uganda’s GDP grows 6.8% in first half of 2022/23 fiscal year

KAMPALA (Reuters) – Uganda’s economy grew 6.8% in the first six months of the 2022/23 fiscal year that runs until the end of June, up from 3.7% in the same period of the previous fiscal year, the finance ministry said on Monday. Growth was mainly driven by the services, agriculture, forestry and fishing sectors. The …

Uganda’s GDP grows 6.8% in first half of 2022/23 fiscal year Read More »

Sudan’s army pounds paramilitary bases with air strikes in power struggle

By Khalid Abdelaziz and Nafisa Eltahir KHARTOUM (Reuters) – Sudan’s army appeared to gain the upper hand on Sunday in a bloody power struggle with rival paramilitary forces, pounding their bases with air strikes, said witnesses. At least 97 civilians had been killed and 365 injured since the fighting in Sudan started, said one doctor’s …

Sudan’s army pounds paramilitary bases with air strikes in power struggle Read More »

Soccer-Egyptian League suspends almost 6000 fans for shouting insults

Cairo (Reuters) – Three thousand Al-Ahly fans have been suspended for two games for shouting “insults” against Zamalek and Egypt player Shikabala during the team’s last game against Pharco, the Egyptian Football Premier League (EPL) said on Sunday. Even though league leaders Al-Ahly were not playing Zamalek on Friday, their three thousand fans in attendance …

Soccer-Egyptian League suspends almost 6000 fans for shouting insults Read More »

Qatar Airways suspends flights to Sudan due to closure of Khartoum international airport

CAIRO (Reuters) – Qatar Airways announced the suspension of its flights to Sudan due to the closure of Khartoum International Airport, Qatar News Agency said on Sunday. Fighting erupted on Saturday between army units loyal to General Abdel Fattah al-Burhan, head of Sudan’s transitional governing Sovereign Council, and the paramilitary Rapid Support Forces (RSF), led …

Qatar Airways suspends flights to Sudan due to closure of Khartoum international airport Read More »

World Food Programme halts operations in Sudan after 3 employees killed

CAIRO (Reuters) – The United Nations’ World Food Programme (WFP) said on Sunday it had temporarily halted all operations in Sudan after three of its employees were killed in clashes between the Sudanese army and the paramilitary Rapid Support Forces (RSF) a day earlier. “While we review the evolving security situation, we are forced to …

World Food Programme halts operations in Sudan after 3 employees killed Read More »

Sudan state TV cuts transmission amid clashes

CAIRO (Reuters) – Sudan state television cut its transmission on Sunday afternoon, a move that employees said was aimed at preventing the broadcast of propaganda by a paramilitary force that was battling the army for control of the capital. The paramilitary Rapid Support Forces said it had taken control of state TV and other strategic …

Sudan state TV cuts transmission amid clashes Read More »

Sudan’s years of political strife

KHARTOUM (Reuters) – Below is a timeline of Sudan’s political upheavals in recent years, as the country is convulsed by fighting between the army and the main paramilitary group: Dec. 19, 2018 – Hundreds protest in the northern city of Atbara against soaring bread prices. Demonstrations spurred by a broader economic crisis quickly spread to …

Sudan’s years of political strife Read More »

Kenya’s President Ruto asks opposition to give talks a chance

NAIROBI (Reuters) – Kenya’s President William Ruto asked the opposition on Sunday to give talks with the government a chance while his main opponent urged his followers to protest again over electoral reforms and the high cost of living. Thousands participated in three marches held over two weeks in late March marred by clashes between …

Kenya’s President Ruto asks opposition to give talks a chance Read More »

Sudanese paramilitary force says ready to cooperate over Egyptian troops

CAIRO (Reuters) -The head of Sudan’s paramilitary Rapid Support Forces (RSF) said on Saturday that his forces were ready to cooperate with Egypt to ease the return of Egyptian troops who had handed themselves over to the group in the northern Sudanese town of Merowe. Two Egyptian security sources said Egyptian officials were able to …

Sudanese paramilitary force says ready to cooperate over Egyptian troops Read More »