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ACCRA (Reuters) – Ghana’s President John Dramani Mahama on Wednesday ordered an investigation into the operations of the National Service Authority under the former government following the discovery of more than 81,000 suspected ghost names on its payroll. The ghost names were discovered following a headcount to clear arrears in allowance payments at the agency, …

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(Reuters) – The Kenyan shilling strengthened slightly against the U.S. dollar on Wednesday, supported by foreign exchange inflows from the diaspora and central bank support, traders said. As at 0948 GMT, the shilling was quoted at 128.50/129.50 per dollar, compared to 128.65/129.65 at the close of Tuesday’s session. “We expect the shilling to continue to …

Kenyan shilling edges higher on remittances, central bank support Read More »

By Nidhi Verma NEW DELHI (Reuters) – Brazil’s Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its reserves as it expects output to fall after 2030, a senior executive said on Wednesday. The Brazilian state energy firm is in talks with companies, including existing partners …

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(Reuters) – Canadian miner Barrick Gold’s negotiations with the Malian government have been suspended without reaching an agreement to end the dispute over payments, Bloomberg News reported on Tuesday, citing people familiar with the government’s position. (Reporting by Seher Dareen in Bengaluru; Editing by Maju Samuel)

ACCRA (Reuters) – Ghana’s President John Dramani Mahama has directed finance minister Cassiel Ato Forson to take urgent steps to bridge $156 million funding gap following the aid freeze from USAID, according to a statement from the president’s office. (Writing by Anait Miridzhanian; Editing by Bate Felix)