Reuters Africa Top Archives - Page 205 of 867

Suspected bandits lay explosives on Nigerian road, causing damage

4 Dec 2024 4 Dec 2024

By Camillus Eboh ABUJA (Reuters) – A gang of armed men planted explosives along the Dansadau-Gusau road in northwest Nigeria’s Zamfara state, causing significant damage and casualties, a military spokesperson and witnesses said on Wednesday. Armed gangs in northwest Nigeria, known by locals as bandits, have escalated their attacks, resorting to a dangerous new tactic …

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Climate Investment Funds board backs $500 million Ethiopia nature plan

4 Dec 2024 5 Dec 2024

By Simon Jessop LONDON (Reuters) – Multilateral lender Climate Investment Funds will back a $500 million plan to help drought-prone Ethiopia restore degraded land, protect its forests and bolster food security, it said on Wednesday. CIF’s board said it had agreed a $37 million investment from its Nature, People, and Climate programme that it expects …

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Kenyan court finds housemate of slain LGBTQ activist guilty of murder

4 Dec 2024 4 Dec 2024

NAIROBI (Reuters) – A Kenyan court on Wednesday found the housemate of gay rights activist Edwin Kiptoo guilty of his murder, authorities said, nearly two years after the killing sent shockwaves through the LGBTQ community in the conservative East African nation. The body of Kiptoo, popularly known as Chiloba, was found in a metal box …

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South African coal miner Exxaro suspends CEO, opens governance probe

4 Dec 2024 5 Dec 2024

(Reuters) – South African coal miner Exxaro Resources said on Wednesday its board had placed CEO Nombasa Tsengwa on “precautionary suspension” pending an independent probe “into allegations related to workplace conduct and governance practice”. “The Board takes any such allegations and resultant investigations very seriously but makes no presumption as to its conclusion. The company …

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South African rand weakens on risk-off mood from South Korea uncertainty

4 Dec 2024 5 Dec 2024

JOHANNESBURG (Reuters) -South Africa’s rand slipped on Wednesday as growing tensions in South Korea drove investors to the safe-haven dollar, while markets awaited clues on the interest-rate path of the world’s biggest economy. At 1500 GMT, the rand traded at 18.13 against the U.S. dollar, around 0.3% weaker than its previous close. “Geopolitical tensions sourcing …

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China’s duty-free access for poor African states kicks in as Biden tours Angola

4 Dec 2024 5 Dec 2024

NAIROBI (Reuters) – China’s zero-tariff access for Africa’s least developed countries kicked in this week, a senior Chinese diplomat said, just as U.S. President Joe Biden visits Angola. WHY IT’S IMPORTANT China and the United States have jostled for influence in Africa, with the former lending billions of dollars via its Belt and Road Initiative, …

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Shelling renewed at famine-stricken camp in Sudan

4 Dec 2024 4 Dec 2024

CAIRO (Reuters) – Shelling renewed at the famine-stricken Zamzam displacement camp on Wednesday, after a lull the previous day in attacks by the Rapid Support Forces, according to activists and medics. Seven people were injured after shells were fired at the densely populated camp that holds at least half a million people, medical aid agency …

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Malawi lowers growth forecasts in mid-term budget review

4 Dec 2024 4 Dec 2024

BLANTYRE (Reuters) – Malawi cut its growth forecasts for this year and next in a mid-term budget review on Wednesday, as southern Africa suffers its worst regional drought in decades. Finance Minister Simplex Chithyola Banda forecast real gross domestic product (GDP) growth of 1.8% in 2024, down from 2.3% projected at the start of this …

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Biden meets African leaders in Angola to advance Lobito railway project

4 Dec 2024 5 Dec 2024

By Trevor Hunnicutt and Jessica Donati LOBITO, Angola (Reuters) -U.S. President Joe Biden met African leaders in the Angolan port of Lobito on Wednesday to advance a plan to extend a railway that could channel critical minerals from Congo and Zambia to the West via Lobito, and counter Chinese clout in the region. As things …

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Food group Tiger Brands to sell King Korn sorghum, Ace maize operations

4 Dec 2024 5 Dec 2024

By Nqobile Dludla JOHANNESBURG (Reuters) -Food group Tiger Brands expects to sell off more brands including Ace maize meal and King Korn sorghum, and is pursuing short- to medium-term volume growth of up to 3%, its CEO said after posting a 4% rise in annual earnings. South Africa’s largest food producer is in the middle …

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