JOHANNESBURG (Reuters) – South Africa’s state-owned logistics firm Transnet suspended its Durban port operations from 1930 local time on Monday due to heavy rains that have damaged the roads into the port, a key hub for shipping containers and metals such as copper. In a statement on Tuesday, Transnet said shipping has been suspended until …
S.Africa’s Transnet suspends Durban port operations due to floods Read More »
By Chris Mfula LUSAKA (Reuters) – China’s government is in the process of consulting internally about Zambia’s international debt restructuring, the southern African country’s treasury secretary said on Tuesday, as it grapples with a $32-billion debt burden that continues to climb. “I went to China myself with the minister of foreign affairs and China indicated …
China ‘coming on board’ with Zambia debt restructuring – Zambia treasury secretary Read More »
By Humeyra Pamuk and Daphne Psaledakis WASHINGTON (Reuters) – U.S. Special Envoy for the Horn of Africa David Satterfield will step down from his role before summer, sources familiar with the matter said on Tuesday, after less than six months on the job and at a time of persistent political turmoil in the region. Deputy …
U.S. Special Envoy for Horn of Africa to step down soon – sources Read More »
(Reuters) – South African retailer Mr Price Group Ltd said it had bought a controlling stake in apparel retailer Studio 88 Group in a 3.3 billion rand ($228 million) deal, as it looks to expand in urbanwear and athleisure segments. The retailer said on Tuesday it had entered into a deal with the current management …
South Africa’s Mr Price buys controlling stake in retailer Studio 88 Read More »
JOHANNESBURG (Reuters) -The South African rand firmed on Tuesday, boosted by strong commodity prices and confidence in the local economy, and ignoring the expected U.S. inflation data that could lend support to the Federal Reserve’s aggressive policy stance. Investors also brushed aside comments from the South African Reserve Bank (SARB) that surging inflation could derail …
South Africa’s rand firms, stocks fall ahead of US inflation data Read More »
DAKAR (Reuters) – Mali has failed to pay 23.35 billion CFA francs ($38.90 million) in both principal and interest on a treasury bond due on April 11, the West African debt agency Umoa-Titres said on Tuesday. ($1 = 600.2500 CFA francs) (Reporting by Bate Felix; Writing by Sofia Christensen; Editing by James Macharia Chege)
KAMPALA (Reuters) – An elephant trampled to death a Colombian researcher who was studying chimpanzees in Kibali National Park in western Uganda, authorities said. Sebastian Ramirez Amaya, who was at Arizona State University (ASU) in the United States, was killed on Sunday while conducting research in the forest with his assistant. “They came across a …
Elephant tramples Colombian researcher to death in Uganda Read More »
By Elias Biryabarema KAMPALA (Reuters) – Uganda said on Tuesday it was inviting expressions of interest from investors to restart a vast copper mine in the country’s west that also holds significant cobalt deposits. The Kilembe mine, which sits on the foothills of the ice-capped Rwenzori mountains on the border with Democratic Republic of the …
(Reuters) – South Africa’s two biggest mineworkers’ unions said on Tuesday that workers at Sibanye Stillwater’s platinum operations plan to go on strike to show their support for gold miners locked in a wage dispute with the company. Members of the National Union of Mineworkers (NUM) and Association of Mineworkers and Construction Union (AMCU) have …
S.African unions plan strike at Sibanye’s platinum operations Read More »
KAMPALA (Reuters) – Uganda’s central bank on Tuesday maintained its key lending rate at 6.5 despite a rise in inflation. It is the fifth time since June last year Uganda is leaving the rate unchanged. In deciding on a hold, Uganda has followed the path of Kenya which last month also stayed the course despite …
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