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Egypt climate envoy sees international funds helping developing industries decarbonise

By Aidan Lewis LONDON (Reuters) – A financing scheme that draws on funding from Western donors to help developing countries shift to cleaner power generation could be mirrored for heavy industries and other hard-to-abate sectors, Egypt’s climate champion said. Extending a Just Energy Transition Partnership (JETP) structure to sectors including steel, aluminium, cement and fertilisers …

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Madagascar leader poised for third term after boycotted election

By Lovasoa Rabary ANTANANARIVO (Reuters) – Madagascar’s incumbent leader Andry Rajoelina effectively secured a third term after the electoral body (CENI) on Saturday said he had obtained the most votes in a presidential election marked by a low turn out and an opposition boycott. Provisional results announced by CENI at the end of tallying showed …

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Gunmen kill one, kidnap at least 150 in Nigeria’s northwest, residents say

By Hamza Ibrahim and Ahmed Kingimi KANO, Nigeria (Reuters) – At least 150 people, including women and children, were abducted with one person killed in a coordinated attack by gunmen on four villages in Nigeria’s northwest Zamfara state, residents said on Saturday. Kidnapping for ransom has become rife in northwestern Nigeria in recent years where …

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Nigeria cenbank to tighten policy to curb inflation, asks banks to boost capital

By Chijioke Ohuocha and Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria’s central bank will tighten policy over the next two quarters to manage inflation while directing banks to boost capital to support an expansion of the economy, its new governor, Olayemi Cardoso, said on Friday. Cardoso, who took over in September, faces immediate pressure to curb excess …

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Nigeria Q3 growth steady at about 2.5% as oil sector contraction slows

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economy grew by 2.54% in the third quarter, largely steady from the 2.51% in the second quarter, data showed on Friday, as the oil sector contracted at a slower pace while the impact of government reforms aimed at boosting output were yet to take effect. Central bank Governor Olayemi …

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Zimbabwe restricts gatherings, food vending as cholera cases spike

By Nyasha Chingono HARARE (Reuters) – Zimbabwe’s government has started restricting public gatherings and food vending, while monitoring burials in all areas affected by cholera, after cases of the disease spiked this week. New cholera cases in the southern African country trebled from 437 to 1,259 this week, the biggest jump since the latest outbreak …

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Congo opposition candidate Katumbi vows more security in militia-plagued east

GOMA, Democratic Republic of Congo (Reuters) – Presidential candidate Moise Katumbi has promised residents in the Democratic Republic of Congo’s eastern city of Goma not to abandon them amid spiralling militia violence in the region and to make security a priority if he wins the Dec. 20 vote. Katumbi addressed hundreds of jubilant supporters at …

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Dollar slips on bets US rates have peaked

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private sector employment declined in line with expectations for a fourth-quarter economic slowdown. Currencies traded in a relatively narrow range with U.S. markets closing early the day after …

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Global equities head toward big monthly gain, dollar falls

By Chris Prentice and Naomi Rovnick NEW YORK/LONDON (Reuters) -Major Wall Street indexes notched weekly gains on Friday, as global equities drifted toward their biggest one-month rally since November 2020 during a shortened, muted trading session following the U.S. Thanksgiving holiday. Oil futures traded steady ahead of next week’s OPEC+ meeting, which could bring some …

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Suspected militants kill at least 14 in Congo night raid – local official

BENI, Democratic Republic of Congo (Reuters) -Suspected Islamist militants killed at least 14 people in an attack on a village in eastern Democratic Republic of Congo on Thursday night, a local official, a civil society leader and a survivor said on Friday. The assailants are believed to be rebels from the Allied Democratic Forces (ADF), …

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