BRUSSELS/KINSHASA (Reuters) -The European Union has cancelled its election observation mission for the Democratic Republic of Congo’s Dec. 20 general elections, saying it would not be able to deploy people across the country for security reasons. “Due to technical constraints beyond the control of the EU, we are forced to cancel the EU election observation …
JOHANNESBURG (Reuters) – South Africa’s central bank has warned that systemic risk to the country’s financial stability has remained elevated, notably due to the government’s increasing debt levels and debt-servicing costs, as well as the impact of being put on a “grey list”. The South African Reserve Bank (SARB) said in its biannual health check …
S.Africa’s cenbank says systemic risk to country’s financial stability remains elevated Read More »
By Lovasoa Rabary ANTANANARIVO (Reuters) – Madagascar’s army warned on Wednesday against any attempt to destabilise the country after the island nation’s top prosecutor announced that two officers had been charged with inciting rebellion before the Nov. 16 presidential election. Ten out of 12 opposition candidates boycotted the vote following weeks of violent street protests. …
Madagascar army warns against destabilisation after officers accused of plot Read More »
By Sam Tobin LONDON (Reuters) – Angolan billionaire Isabel dos Santos is fighting an application to freeze up to 580 million pounds ($736 million) of her assets, telling London’s High Court on Wednesday that she is the victim of a “campaign of oppression” by Angola. Dos Santos – Africa’s first female billionaire, whose father Jose …
Angola’s Isabel dos Santos fights bid to freeze $736 million in assets Read More »
By Felix Onuah and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria plans to narrow its budget deficit to roughly 3.9% of gross domestic product (GDP) next year from about 6.1% this year, President Bola Tinubu said on Wednesday, as he projected lower borrowing costs and higher revenues. Tinubu has embarked on Nigeria’s boldest reforms in decades, removing …
Nigeria plans to trim budget deficit to 3.9% of GDP next year Read More »
NAIROBI (Reuters) -Kenya’s High Court on Tuesday declared unconstitutional a 1.5% levy intended to fund affordable housing that was imposed as part of a finance law adopted in June, but later stayed the ruling until Jan 10 to allow for the government to appeal. The law, which also doubled the fuel tax and increased the …
Kenyan court strikes down housing levy, stays ruling until Jan 10 Read More »
By Nelson Banya (Reuters) -South Africa’s Exxaro Resources is expanding its search for critical mineral assets to greenfield projects, the miner said on Wednesday, as it pursues its strategy to diversify away from coal. Exxaro, one of South Africa’s top coal producers, also has interests in iron ore and renewable energy. The company plans to …
Exxaro widens critical metals search to greenfield assets Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Disruption at South Africa’s ports has left discount retailer Pepkor Holdings struggling to import goods, with an estimated 700 million rand ($37.85 million) worth of stock stuck at sea, its CEO said on Wednesday. Although local retailers have been moving production closer to home, they still rely on overseas markets …
Pepkor says South Africa’s port woes affecting retail stock imports Read More »
By Leigh Thomas PARIS (Reuters) -The global economy will slow slightly next year but the risk of a hard landing has subsided despite high levels of debt and uncertainty over interest rates, the Organisation for Economic Cooperation and Development said on Wednesday. Global growth is set to moderate from 2.9% this year to 2.7% in …
Global growth to slow but avoid a hard landing -OECD Read More »
By Nqobile Dludla and Toby Sterling JOHANNESBURG/AMSTERDAM (Reuters) -South Africa’s Naspers reported on Wednesday a jump of 112% in half-year profit, boosted by improved performance of its e-commerce businesses and China’s Tencent, adding that its e-commerce portfolio was now close to breakeven. “After years of investment and growth, our businesses are now at scale and …
S.Africa’s Naspers says profit doubles, e-commerce portfolio nears breakeven Read More »
