By Boureima Balima NIAMEY (Reuters) – Nigerien driver Amadou Mounkaila was en route to deliver a truckload of onions to Ghana when last week’s military coup forced him to do a U-turn and return to the capital Niamey as borders slammed closed. Now he is among scores of drivers stranded in limbo with perishable products …
With spoiling goods, Niger truckers feel early sting of coup sanctions Read More »
DUBAI (Reuters) – Libya’s National Oil Corp (NOC) said on Thursday it has received official notes from Italian energy group Eni and BP saying they will lift the force majeure and resume their exploration activities in three areas of the country. The NOC also said it has received an official note from Algeria’s state oil …
Libya’s NOC says ENI, BP, Sonatarch to lift force majeure and resume activities Read More »
By Chijioke Ohuocha ABUJA (Reuters) – GlaxoSmithKline (GSK) Nigeria said on Thursday it plans to stop doing business after evaluating the options for moving to a third-party distribution model for its drugs and consumer healthcare goods. GSK Nigeria, which has faced increased competition from local companies and imports from India and China, said its half-year …
GSK Nigeria calls an end to its business, to return cash Read More »
JOHANNESBURG (Reuters) -The South African rand weakened further on Thursday, having slumped more than 6% this week amid concerns over global economic growth and a U.S. credit rating downgrade. At 1505 GMT, the rand traded at 18.7000 against the dollar, about 1.3% weaker than its previous close. The dollar last traded at 102.54, about 0.05% …
South African rand slide continues after 6% tumble this week Read More »
By Ngouda Dione and Joel Kouam DAKAR (Reuters) -Senegalese authorities on Wednesday blocked access to social media app TikTok, widening a clampdown on dissent days after they dissolved the main opposition party and detained its leader. A power struggle between Pastef party leader Ousmane Sonko and President Macky Sall has led to violent demonstrations at …
Senegal blocks TikTok in widening clampdown on dissent Read More »
By Pulcherie Adjoha COTONOU (Reuters) – Benin said on Thursday that work on a major oil pipeline linking it with neighbouring Niger has not been impacted by sanctions imposed on Niamey by leaders of West Africa’s regional bloc over last week’s military coup, although it could mean a delay. Heads of state of the 15-member …
Benin says Niger oil pipeline not impacted by sanctions over coup Read More »
By Nyasha Chingono HARARE (Reuters) – When Zimbabwe’s President Emmerson Mnangagwa came to power nearly six years ago after the military toppled long-time ruler Robert Mugabe, he promised to tackle the country’s economic woes “head on”. But for many, like 51-year-old widow Regina Ruona, the promised economic revival remains elusive. After braving a chilly morning …
In Zimbabwe, a post-Mugabe economic revival remains elusive ahead of vote Read More »
JOHANNESBURG (Reuters) – South African private sector activity contracted for the fifth consecutive month in July as rising prices and weak business confidence weighed on demand, a survey showed on Thursday. The S&P Global South Africa Purchasing Managers’ Index (PMI) dropped to 48.2 in July from 48.7 in June. A reading below 50 shows contraction. …
South Africa business activity drops again in July – PMI Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria’s main labour federation has agreed to return to talks with the government following a meeting with President Bola Tinubu on Wednesday, union leaders said, on a day when hundreds of Nigerians marched against the removal of a petrol subsidy. The Nigeria Labour Congress (NLC) said the marches across major …
Nigeria’s labour unions suspend strike after meeting president Read More »
By Lawrence Delevingne (Reuters) -Global stocks slumped on Wednesday, while Treasury yields ticked up and the dollar gained, as investors digested an unexpected downgrade of the United States’ top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience. While shares lost ground, investors showed little sign of panic after Fitch …
Stocks drop, Treasury yields edge up after Fitch downgrades US Read More »
