Reuters Africa - Squid Business

Nigeria’s ruling party seeks dismissal of Obi’s election challenge

ABUJA (Reuters) – Nigeria’s ruling party has asked the Appeals Court to dismiss a petition by third-placed candidate Peter Obi who is challenging the victory of president-elect Bola Tinubu following a disputed election in February, court documents showed on Tuesday. Labour Party’s Peter Obi, who came third in the election, and second-placed opposition People’s Democratic …

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Germany expels Chad’s ambassador in tit-for-tat move

BERLIN (Reuters) – Berlin has ordered Chad’s ambassador to Germany to leave the country within 48 hours in response to a similar move by the Central African country last week, the foreign ministry said on Tuesday. “In response to the unfounded expulsion of our Ambassador to Chad, we today summoned the Chadian Ambassador in Berlin, …

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Subsidiary of Congo’s Gecamines secures $75 million to build new unit

DAKAR (Reuters) – A subsidiary of the Democratic Republic of Congo’s state mining company Gecamines said on Tuesday it had secured $75 million in funding to build a new hydro-metallurgical unit to produce materials used in the manufacturing of semiconductors. STL, a company focused on making commercial use of a slag heap in Lubumbashi, capital …

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Hundreds of South Africans tie the knot in Easter mass wedding

By Carien du Plessis and Siyabonga Sishi JOHANNESBURG (Reuters) – More than 800 couples walked down the aisle on Easter Sunday in one of the biggest mass wedding ceremonies in South Africa since the COVID-19 pandemic. The International Pentecost Holiness Church blesses polygamous unions, which are common in some African communities, and the church says …

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Aid shortage leaves refugees in Uganda reliant on kitchen gardens

By Justin Dralaze BIDI BIDI, Uganda (Reuters) -Watering the neat lines of green salad leaves outside her thatched home, Susan Konga, a South Sudanese woman living in a refugee camp in northern Uganda, is preparing her kitchen garden for the next harvest. This year the success of her tireless cultivation will be put to the …

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Ugandan court charges minister over corruption

By Elias Biryabarema KAMPALA (Reuters) -A Ugandan court charged a minister on Thursday with several corruption offences connected to accusations of diverting metal roofing sheets meant to help residents in the restive northeastern Karamoja region, court documents showed. Prosecution of ministers for corruption is rare in Uganda, where stealing and the misuse of public funds …

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Sudan transition deal delayed, protesters march against talks

By Khalid Abdelaziz KHARTOUM (Reuters) -The head of Sudan’s army said on Thursday he remained committed to a plan for a new transition towards elections, despite disputes over the integration of a paramilitary force that have twice delayed the signing of a final deal. The agreement, which provides for the formation of a civilian government …

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Kenyan presidential adviser rules out default as cash crunch delays salaries

By Duncan Miriri NAIROBI (Reuters) – Kenya will not default on its debt repayment obligations, the president’s chief economic adviser said, as the government delayed payment of civil service salaries due to a cash squeeze caused by massive interest payments. President William Ruto won a hotly contested election last August on a platform of planning …

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Yellen to push for ‘speedy’ action on debt relief for Zambia, Ghana

By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, Treasury said on Monday. Yellen, who is slated to meet counterparts from around the world during …

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Wall Street meanders, dollar gains as Fed rate hike seen in May

By Herbert Lash NEW YORK (Reuters) -U.S. stocks closed mostly flat and the dollar rose on Monday after strong jobs data last week pointed to the Federal Reserve hiking interest rates in May, while the yen eased after Japan’s new central bank governor vowed to maintain ultra-loose policy. Gold prices slipped below the key $2,000 …

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