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South Africa to cut rates on Sept. 19 for first time since COVID-19 response- Reuters poll

By Vuyani Ndaba JOHANNESBURG (Reuters) – The South African Reserve Bank will cut its repo rate by 25 basis points to 8.00% at its Sept. 19 meeting as slowing inflation opens the door to easier policy for the first time since its COVID-19 response over four years ago, economists say. Eighteen of 21 economists surveyed …

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Guinea Bissau President Embalo says he will not run for a second term

BISSAU (Reuters) – Guinea Bissau’s President Umaro Cissoko Embalo said on Thursday he would not run for a second term in elections in November. Embalo, 51, was elected in January 2020 to succeed outgoing president Jose Mario Vaz. He defeated runner-up Domingos Simoes Pereira with 54% of the vote and would have been eligible for …

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Factbox-Countries donate mpox vaccines to combat outbreak in Africa

(Reuters) -Some countries have pledged to donate doses of mpox vaccines to combat an outbreak of the disease in Africa, after the World Health Organization declared it a global public health emergency in August for the second time in two years. Such donations are meant to address the huge inequity that left African nations with …

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Turkey interested in Libya’s offer of offshore exploration, says energy minister

ANKARA (Reuters) – Turkey is interested in an offer from Tripoli to carry out energy exploration offshore Libya, Turkish Energy Minister Alparslan Bayraktar said on Wednesday. “Libya has offered to us to work with our seismic vessels offshore. Frankly, we are warm to this. So we can be in the Libyan offshore to carry out …

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Ghana raises cocoa farmgate price by nearly 45% to boost farmers’ incomes

By Maxwell Akalaare Adombila and Christian Akorlie ACCRA (Reuters) – Ghana has raised the fixed farmgate price paid to cocoa farmers by nearly 45% to help boost their incomes and deter bean smuggling, Agriculture Minister Bryan Acheampong said on Wednesday. Reuters reported earlier this month that Ghana’s cocoa producer price review committee would raise the …

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European, Southern African development banks to lend extra $220 million to clean energy projects

JOHANNESBURG (Reuters) – The European Investment Bank (EIB) and Development Bank of Southern Africa (DBSA) said on Wednesday that they would jointly lend an additional 200 million euros ($220.16 million) to renewable energy projects in South Africa. The concessional financing is on top of the 400 million euros the EIB and DBSA pledged at the …

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Burkina Faso PM says civilians killed in jihadist attack lacked protection

DAKAR (Reuters) – Burkina Faso’s prime minister said on Wednesday scores of civilians killed in an attack by Islamist militants while digging defensive trenches on army orders had not been adequately protected. A group of victims’ relatives said at least 400 people were shot dead on Aug. 24 when residents of Barsalogho in north-central Burkina …

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