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NAIROBI (Reuters) – South Sudan’s President Salva Kiir has fired the head of the country’s military, the police chief and the central bank governor, an announcement made on the state-owned broadcaster SSBC said. Kiir’s announcement late on Monday gave no reasons for the dismissals. It said Kiir had appointed Paul Nang Majok as the army’s …

South Sudan president fires army and police chiefs, central bank governor Read More »

(Reuters) – Australia’s South32 has implemented contingency plans for its Mozal Aluminium smelter in Mozambique and withdrawn its production forecast for the project due to the civil unrest in the southeast African country, the company said on Tuesday. Last month’s disputed election results in Mozambique sparked protests from opposition supporters and the country has been …

Australia’s South32 pulls Mozambique smelter forecast amid civil unrest Read More »

By Duncan Miriri NAIROBI (Reuters) – The World Bank downgraded Kenya’s economic growth estimate for this year to 4.7% on Tuesday, from an initial 5.0%, citing the impact of floods, anti-government protests and flailing fiscal consolidation efforts. The East African nation has managed to stabilise its foreign exchange rate, boost hard currency reserves held by …

World Bank cuts Kenya’s 2024 growth estimate to 4.7% on fiscal challenges Read More »

OSLO (Reuters) – Equinor has closed the planned sale of its assets in Nigeria and Azerbaijan for a total consideration of up to $2 billion, completing exits from the two countries after some 30 years, the Norwegian oil and gas firm said on Monday. The divestments, first announced in 2023 and completed in recent weeks, …

Equinor completes Nigeria, Azerbaijan asset sales of up to $2 billion Read More »

By Ahmed Eljechtimi RABAT (Reuters) – Morocco’s state-owned rail operator, ONCF, is seeking $8.8 billion from investors to finance its expansion plan, the head of the African Development Bank (AfDB), Akinwumi Adesina, has said. He told reporters late on Friday after a three-day Africa Investment Forum in Rabat that investors were ready to extend ONCF …

Moroccan rail operator seeks $8.8 billion funding for expansion plan Read More »

By Mohamed Ezz CAIRO (Reuters) – An Egyptian military agency has taken over the country’s import of strategic commodities, a letter seen by Reuters showed, replacing a decades-old state institution to take over international buying tenders and also conduct direct purchases which have in recent weeks shaken the wheat market. As one of the world’s …

Exclusive-Egyptian military agency takes over wheat buying from decades-old supply group Read More »