(Reuters) – Four years after the military ousted Mali’s then-president and came to power, many residents say economic troubles are worsening and constant power cuts are hurting businesses. The August 2020 coup in the troubled West African nation was set off by public anger with corrupt rulers backed by former colonial power France, a spreading …
Malians suffer economic hardship after four years of military rule Read More »
TRIPOLI (Reuters) – Operations at Libya’s Central Bank (CBL) in Tripoli have resumed after the release of a senior official, whose abduction on Sunday had caused a brief suspension of operations, the bank said in a statement on Monday. CBL confirmed the release of the head of its information technology department Musaab Muslamm, who was …
Libya’s central bank resumes operations after release of kidnapped official Read More »
CAIRO (Reuters) – Egyptian President Abdel Fattah al-Sisi has extended the term of acting central bank governor Hasan Abdalla for a third year, the official gazette said on Monday. Abdalla, who was head of Cairo-based Arab African International Bank for 16 years, was appointed for an initial year in August 2022 after the surprise resignation …
Egypt extends term of central bank governor for a third year Read More »
By Duncan Miriri NAIROBI (Reuters) – Ethiopia is ramping up efforts to restructure its $1 billion international bond as part of a broader debt rework. Investors have balked at indications that the government is seeking a haircut, setting the stage for tense negotiations. Here are some key issues in the restructuring process: WHY IS ETHIOPIA …
Explainer-Key issues on Ethiopia’s road to debt restructuring Read More »
CAIRO (Reuters) – Algeria will immediately begin supplying Lebanon with fuel for its power plants, Algerian state radio said in a statement on Sunday, after Lebanon’s electricity company said the day before its supplies were exhausted. Lebanon has not had round-the-clock power since the 1990s and cash transfers to Lebanon’s state electricity company, Electricité du …
Algeria to supply Lebanon with fuel for power stations Read More »
DUBAI (Reuters) – Sudan’s government said it will send a delegation to Cairo for discussions with U.S. and Egyptian officials on Monday, keeping open the question of participation in peace talks aimed at ending a 16-month war. The government, controlled by the army which is fighting the paramilitary Rapid Support Forces (RSF) for control of …
Sudan sending delegation to Cairo to meet U.S. and Egyptian mediators Read More »
BLANTYRE (Reuters) – Malawi’s main opposition party, the Democratic Progress Party endorsed on Sunday former President Peter Mutharika to be its candidate in next year’s presidential election. Mutharika, 84, who was president from 2014 to 2020, said in his acceptance speech he and his party would fix the economy, whose growth has been anaemic and …
Malawi’s main opposition endorses ex-president Mutharika to run in 2025 Read More »
By Nyasha Chingono HARARE (Reuters) – About 68 million people in Southern Africa are suffering the effects of an El Nino-induced drought which has wiped out crops across the region, the regional bloc SADC said on Saturday. The drought, which started in early 2024, has hit crop and livestock production, causing food shortages and damaging …
Nearly 68 million suffering from drought in Southern Africa, says regional bloc Read More »
(Reuters) – Uganda handed over the almost 100 Congolese police officers who had fled across the border to Kanungu district in southwestern Uganda to escape fighting between M23 rebels and Congo’s military, a Ugandan military spokesperson said Friday. The statement said the police officers’ national identities had been confirmed, and that they had been allowed …
Uganda returns Congolese police officers who fled violence Read More »
(Reuters) – World champions South Africa maintained their perfect start to the Rugby Championship when they ground out a 30-12 win over Australia in a scrappy contest at a rain-drenched Perth Stadium on Saturday. Fullback Aphelele Fassi and flanker Marco van Staden both scored tries and hooker Malcolm Marx crossed twice in the second half …
Rugby-South Africa roll over Wallabies in Perth rain for second win Read More »
