By Natalie Grover LONDON (Reuters) -Angola has decided to leave the Organization of the Petroleum Exporting Countries (OPEC), its oil minister said on Thursday, saying its membership was not serving the country’s interests. The departure is unlikely to have a significant impact on oil supplies given Angola’s small percentage of total OPEC output, but the …
NAIROBI (Reuters) – Kenya’s shilling is forecast to weaken against the dollar in the next week to Thursday, while Zambia’s kwacha and Uganda’s shilling are expected to be broadly stable, Nigeria’s naira could be mixed and Ghana’s cedi may strengthen, traders said. KENYA Kenya’s shilling is expected to fall, undermined by low dollar inflows and …
AFRICA-FX-Kenyan shilling seen slipping, Uganda’s steady Read More »
LONDON (Reuters) -Nigeria is off the hook for an $11 billion damages bill over a collapsed gas processing project that was procured by bribery after the award was thrown out by London’s High Court. The West African country faced having to pay the sum – representing around a third of its foreign exchange reserves – …
Nigeria’s $11 billion damages bill for collapsed gas deal thrown out by London court Read More »
(Reuters) – The United Nations’ World Food Programme (WFP) has temporarily suspended food assistance in some parts of Sudan’s state of Gezira as fighting spreads south and east of Sudan’s capital Khartoum, the aid agency said in a statement on Wednesday. Around 300,000 people have fled Gezira in a matter of days, since clashes erupted …
UN’s WFP temporarily suspends food assistance in parts of Sudan Read More »
By Sinéad Carew NEW YORK (Reuters) – MSCI’s global equities index fell more than 1% on Wednesday after nine straight days of gains while Treasury yields fell as U.S. economic data beat expectations and UK inflation slowed at a rate that took markets by surprise. Oil prices settled slightly higher after hitting their highest level …
Equities turn red, Treasuries dip with economic data in focus Read More »
(Reuters) – A bus crash killed two members of Algerian Ligue 1 side Mouloudia El Bayadh in the late hours of Wednesday, prompting the national football federation to postpone all games scheduled for this week across all divisions. The Algerian state news agency said the accident killed El Bayadh goalkeeper Zakaria Bouziani, 27, and assistant …
Bus crash kills goalkeeper and assistant coach of Algeria’s El Bayadh Read More »
By Ange Kasongo and Djaffar Al Katanty KINSHASA/GOMA, Democratic Republic of Congo (Reuters) -Democratic Republic of Congo has extended elections into Thursday for those whose polling stations did not open on Wednesday, prompting a group of opposition presidential candidates to call for a rerun of the chaotic vote. At stake is not just the legitimacy …
Congo extends chaotic election as opposition calls for rerun Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against a basket of currencies on Wednesday as a late-session selloff on Wall Street boosted the U.S. currency’s safe-haven appeal, and as data on sharply falling UK inflation prompted a steep drop in the British pound. U.S. stocks closed lower on Wednesday after an abrupt …
Dollar rises on safe-haven bid, big UK inflation drop hits pound Read More »
By Laura Sanicola (Reuters) -Oil prices settled slightly higher after a choppy trading session on Wednesday as investors worried about global trade disruption and tensions in the Middle East following attacks on ships by Yemen’s Iran-aligned Houthi forces in the Red Sea. Limiting price gains were a surprise U.S. crude inventory build, larger than expected …
Oil settles up on Red Sea tensions; gains capped by US stock builds Read More »
PARIS (Reuters) – Four French IT workers with diplomatic passports and visas have been arrested in Burkina Faso’s capital, Ouagadougou, a French diplomatic source said on Wednesday, denying a media report that they were intelligence agents. Worsening relations between the junta in Burkina Faso and former coloniser France have recently led to expulsion orders for …
Burkina Faso detains four French civil servants, says diplomatic source Read More »
