NAIROBI (Reuters) – Severe flooding caused by the El Nino weather phenomenon has killed 120 people in Kenya, while people in almost 90,000 households have been forced to leave their homes, the government said on Tuesday. The latest estimated death toll in Kenya has doubled as heavy seasonal rains following the worst drought in four …
Death toll from Kenya’s El Nino floods jumps to 120 Read More »
JOHANNESBURG (Reuters) -The South African rand was stable on Tuesday, supported by the conviction among global investors that the U.S. Federal Reserve will not raise interest rates again. At 1606 GMT, the rand traded at 18.6500 against the dollar, the same level as its previous close. The dollar was last trading down 0.3% against a …
South African rand stable, supported by investors’ Fed conviction Read More »
By Nelson Banya (Reuters) -ArcelorMittal South Africa shares tumbled nearly 14% on Tuesday after the company said it plans to close its long steel operations due to weak demand and persistent infrastructure problems, potentially affecting 3,500 workers. Shares in the company, the South African unit of the world’s No.2 steelmaker ArcelorMittal, were down 13.87% at …
ArcelorMittal South Africa shares tumble on plan to close long steel ops Read More »
By Umaru Fofana FREETOWN (Reuters) – Twenty people were killed and nearly 2,000 inmates escaped during Sunday’s attack on a military barracks, a prison and other locations in Sierra Leone, officials said on Monday. The West African country was thrown into panic in the early hours when the assailants sent gunfire ringing across the capital …
Twenty killed in Sierra Leone attack and nearly 2,000 prisoners escape Read More »
By Sinéad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -MSCI’s global equity index fell on Monday and U.S. Treasury yields fell while investors digested weak U.S. housing data and waited for key inflation readings later in the week. Oil prices also fell, with the Brent settling under $80 a barrel, as investors awaited this week’s …
Global stock index falls with Treasury yields, oil prices dip Read More »
NIAMEY (Reuters) – Niger’s junta has revoked an anti-migration law that had helped reduce the flow of West Africans to Europe but which was reviled by desert dwellers whose economies had long relied on the traffic, it said on Monday. The law, which made it illegal to transport migrants through Niger, was passed in May …
Niger junta repeals law aimed at slowing migration to Europe Read More »
By Aaron Ross NAIROBI (Reuters) – French telecoms firm Orange told Reuters on Monday that it had decided to withdraw from the process to purchase an up to 45% stake in Ethiopian operator Ethio Telecom. Orange submitted an expression of interest in 2021 to participate in the partial privatisation of Ethio Telecom, a former monopoly …
Exclusive-France’s Orange withdraws from process to buy stake in Ethio Telecom Read More »
(Reuters) – Guyana’s labor ministry on Monday said it was investigating the death of a truck operator earlier this month at the country’s north-western Aurora Gold Mines, operated by China’s Zijin. The ministry said the death had resulted from a collision between two truck operators from a Chinese state-owned engineering company at the mine on …
Guyana labor ministry investigates death at Zijin gold mine Read More »
WASHINGTON (Reuters) -An attempted hijacking of a commercial vessel in the Gulf of Aden on Sunday appears to have been carried out by armed Somali pirates and not Yemeni Houthis, despite the firing of missiles from Houthi-controlled territory in Yemen afterwards, the Pentagon said on Monday. “We’re continuing to assess, but initial indications are that …
Somali pirates likely behind attempted tanker seizure -US military Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria’s cabinet has approved a $1 billion concessionary loan from the African Development Bank (AfDB) to support financing the budget and improve foreign exchange supply, Finance Minister Olawale Edun said on Monday. The AfDB loan will fetch an interest rate of 4.2% for 25 years with eight-year moratorium, Edun told …
Nigeria cabinet approves $1 billion African Development Bank loan Read More »
