MAPUTO (Reuters) – Mozambique lawmakers on Wednesday backed the creation of a sovereign wealth fund, which the government of the gas-rich country wants to use to harness receipts from liquefied natural gas (LNG) exports. The southern African country started exporting LNG in November last year, with projects by international energy companies such as Eni and …
Mozambique lawmakers back creation of sovereign wealth fund Read More »
NIAMEY (Reuters) – The United States intends to resume security and development cooperation with Niger provided it takes steps to restore democracy, a U.S. diplomat said on Wednesday after meeting the military leaders who took power in a coup in July. Assistant Secretary of State for African Affairs Molly Phee said she had met the …
US plans to resume partnership with Niger, diplomat says Read More »
BISSAU (Reuters) – Police in Guinea-Bissau fired tear gas on Wednesday to disperse opposition members of parliament who had tried to convene in defiance of a decision by President Umaro Sissoco Embalo to dissolve the house. Embalo dissolved the opposition-controlled parliament last week, accusing it of passivity in response to gunfire and clashes in the …
Bissau police fire tear gas to disperse defiant opposition MPs Read More »
YENAGOA, Nigeria (Reuters) – Six people, including four soldiers, were killed while two South Korean employees were kidnapped after gunmen ambushed their convoy in Nigeria’s oil-producing Niger Delta, a security source and the army said on Wednesday. Attacks by militants in the Niger Delta have significantly decreased over the years but the region remains volatile …
Gunmen kill four soldiers, kidnap two South Korean workers in Nigeria oil region Read More »
JOHANNESBURG (Reuters) -South Africa’s rand slipped against the dollar on Wednesday as a drop in domestic inflation did little to prop up the currency ahead of an interest rate decision by the U.S. Federal Reserve. By 1512 GMT, the rand was trading at 19.0350 against the dollar, about 0.5% weaker than its previous close. Headline …
South African rand slips after inflation data, eyes on Fed Read More »
By Nelson Banya (Reuters) -Thungela Resources does not plan broad job cuts at its South African coal mines despite ongoing output curbs, as it plans to re-deploy staff to new projects that will start producing next year, CFO Deon Smith said on Wednesday. The thermal coal exporter’s South African production will be 1 million metric …
S.Africa’s Thungela says “not yet” cutting jobs despite production curbs Read More »
DAKAR (Reuters) – A record 49.5 million people are expected to go hungry in West and Central Africa next year due to a combination of conflict, climate change and high food prices, the United Nations said on Tuesday. The figure is 4% higher than in 2023. In coastal countries, the number of people facing acute …
Nearly 50 million facing hunger in West, Central Africa as conflict spreads Read More »
By Camillus Eboh ABUJA (Reuters) -Nigeria still needs to control inflation and stabilise its foreign exchange market to boost growth in Africa’s largest economy following currency reforms and the removal of a petrol subsidy, the World Bank said on Wednesday. Nigerian President Bola Tinubu has embarked on the country’s biggest reforms in decades, unifying the …
Nigeria needs to curb inflation, stabilize forex to boost growth, says World Bank Read More »
By Andrew MacAskill, Elizabeth Piper and Kate Holton LONDON (Reuters) – British Prime Minister Rishi Sunak might have emerged victorious from a bruising vote on his flagship Rwanda migration policy, but the bitter divisions that risk turning his party into a “circus” mean any respite is likely to be short lived. A day of high …
Analysis-Bigger battles await UK’s Sunak and his Rwandan migration plan Read More »
KINSHASA (Reuters) – Democratic Republic of Congo’s government has asked the United Nations to allow its peacekeeping mission to help with the logistics of organising national elections next week, according to a letter seen by Reuters. There have been challenges in the distribution of voting materials in Africa’s second-largest country due to a lack of …
Congo asks U.N. to help with challenging election logistics Read More »
