By Hamza Ibrahim and Camillus Eboh KANO/ABUJA, Nigeria (Reuters) – Nigerian mother-of-three Grace Godwin was preparing food on Christmas Eve when her husband burst into the kitchen and ordered her and the children to run and take cover in the bush after gunmen were spotted in a nearby village. Soon they heard gunfire, starting an …
Nigerian villagers missing two days after suspected nomadic herders kill 140 Read More »
JOHANNESBURG (Reuters) -Fitch on Wednesday downgraded the rating on Ethiopia’s only international government bond to “default” from “near default” after the east African country failed to make a $33 million coupon payment. Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make the payment on the $1 billion Eurobond. …
Fitch cuts Ethiopia’s Eurobond to ‘default’ after missed payment Read More »
JOHANNESBURG (Reuters) – South Africa’s rand firmed in thin trade on Wednesday, ahead of the last economic data releases of the year later this week. At 1003 GMT, the rand traded at 18.5075 against the dollar, about 0.8% stronger than its previous close. “We expect the local currency to remain fairly range-bound until the new …
CAIRO (Reuters) – Egypt signed an agreement with Abu Dhabi Ports Group on Wednesday for the operation and maintenance of a multipurpose terminal at Safaga port, a cabinet statement said. The new Safaga 2 terminal will accommodate 1 million containers annually and will receive 7 million metric tons of goods, said Egyptian transport minister Kamel …
Abu Dhabi Ports Group to operate Egypt’s new Safaga terminal Read More »
By Koh Gui Qing and Ankur Banerjee NEW YORK/SINGAPORE (Reuters) -Global stocks crept higher on Tuesday and the dollar lingered near a five-month low as investors held fast to bets that cooling U.S. inflation will lead the Federal Reserve to cut interest rates next year. Oil prices jumped over 3% earlier in the session to …
Global stocks edge up, dollar holds near 5-month low Read More »
By Ange Kasongo and Sonia Rolley KINSHASA (Reuters) -Opposition candidates in Democratic Republic of Congo’s chaotic presidential election plan to march in the capital on Wednesday, despite authorities banning the protest and early results showing the incumbent with a large lead. Martin Fayulu, one of the main challengers to President Felix Tshisekedi in the Dec. …
Congo opposition plans Wednesday election protest despite ban Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar index fell on Tuesday and the euro hit a more than four-month high as investors waited on fresh clues to when the Federal Reserve is likely to begin cutting interest rates as inflation falls closer to the U.S. central bank’s 2% annual target. Volumes were muted the …
Dollar falls, euro highest since August in thin holiday trading Read More »
By Arathy Somasekhar and Georgina McCartney HOUSTON (Reuters) -Oil climbed more than 2% on Tuesday to its highest level this month, as further attacks on ships in the Red Sea prompted fears of shipping disruptions and on hopes of interest rate cuts that could boost economic growth and fuel demand. Brent crude futures settled $2, …
Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes Read More »
KAMPALA (Reuters) – Militants from an Islamic State-allied rebel group killed three people in an attack on a village in western Uganda, a military spokesman said on Tuesday. The assailants from the Allied Democratic Forces (ADF) attacked the village in Kamwenge district late on Monday, killing a 75-year-old woman and her two grandchildren before burning …
Uganda says Islamic State-allied rebels kill three in village attack Read More »
LONDON (Reuters) – Ethiopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million “coupon” payment on its only international government bond. Africa’s second most populous country announced earlier this month that it intended to formally go into default, having been under severe financial strain in the …
Ethiopia becomes Africa’s latest sovereign default Read More »
