By Camillus Eboh ABUJA (Reuters) – A West African court on Thursday dismissed a case by Niger’s military junta that sought to lift a raft of sanctions imposed by the regional ECOWAS bloc on the country after a July coup. Soldiers from the Nigerien presidential guard detained President Mohamed Bazoum on July 26 and went …
West African court dismisses Niger junta’s sanctions challenge Read More »
PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, has agreed to sell two African subsidiaries in Burkina Faso and Mozambique to pan-African banking group Vista Group, the companies said on Thursday. Vista will acquire Societe Generale’s 52.6% stake in Societe Generale Burkina Faso and its 65% stake in Banco Societe Generale Mocambique. “Our agreement… confirms …
SocGen to sell two African businesses to Vista Group Read More »
CAIRO (Reuters) – Egypt is striving to accelerate the delivery of aid to the Gaza Strip, a senior official said on Thursday, after the amount of relief getting through to the Palestinian enclave dipped with the end of the Israel-Hamas truce on Dec. 1. Diaa Rashwan, head of the State Information Service, said Egypt would …
Egypt says it is pushing to accelerate aid delivery to Gaza Read More »
By Abdiqani Hassan GAROWE, Somalia (Reuters) – The parliament of Somalia’s semi-autonomous Puntland state will choose the state’s next leader on Jan. 8, after current leader Said Abdullahi Deni dropped proposed changes to the electoral system that triggered deadly clashes earlier this year. Regional forces and fighters loyal to the opposition fought fierce street battles …
Parliament of Somalia’s Puntland to choose state’s leader on Jan. 8 Read More »
(Reuters) – Kenya’s shilling could find support in the next week to Thursday, but Zambia’s kwacha is seen staying under pressure while the Ugandan shilling and Ghanaian cedi could gain, traders said. KENYA Kenya’s shilling could halt its long-running slide against the dollar, drawing support from foreign-currency inflows from tourism and reduced dollar demand from …
AFRICA-FX-Kenya’s currency could find support, Zambia’s under pressure Read More »
By Brian Benza GABORONE (Reuters) -Botswana’s central bank lowered its policy rate by 25 basis points to 2.40% on Thursday, saying it saw scope to ease monetary policy as inflation was projected to stay within its target range. Inflation in the southern African country fell slightly to 3.1% in October from 3.2% in September, within …
Botswana lowers key rate as inflation seen within target range Read More »
JOHANNESBURG (Reuters) – South Africa’s current account deficit narrowed sharply in the third quarter of 2023, to 0.3% of gross domestic product (GDP) from a revised 2.7% in the second quarter, central bank data showed on Thursday. In rand terms, the current account recorded a deficit of 19.3 billion rand ($1.02 billion) for the July-September …
South Africa’s current account deficit narrows sharply in third quarter Read More »
By Daphne Psaledakis, Humeyra Pamuk and Nafisa Eltahir WASHINGTON/CAIRO (Reuters) -The United States on Wednesday formally determined that warring parties in Sudan committed war crimes, Secretary of State Antony Blinken said, as Washington increases pressure on the army and paramilitary Rapid Support Forces (RSF) to end fighting that has caused a humanitarian crisis. Washington also …
US declares warring parties in Sudan committed war crimes Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global equities slipped on Wednesday and was poised for a third straight decline, while longer-dated U.S. Treasury yields fell after economic data kept intact expectations the Federal Reserve has leeway to cut rates next year. U.S. private payrolls rose by 103,000 jobs last month, the ADP …
Stocks slip, 10-year Treasury yield falls as rate cut timing weighed Read More »
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will target annual project spending of between $22 billion and $27 billion through 2027, the oil major said in an update on Wednesday that largely continues existing spending and production goals. The largest U.S. oil producer laid out plans to boost spending on nascent lithium and low carbon …
Exxon Mobil forecasts increases in project spending, oil output Read More »
