Africa
LATEST NEWS FROM AFRICA
Africa
Egypt to restructure military-linked 'Future of Egypt' economic body
Egypt will restructure a military-linked body focused on agricultural and industrial development and commodities imports into an overarching economic authority reporting directly...
Africa
South African rand trims recent losses
The South African rand strengthened in early trading on Monday, recovering some of last week's losses as a pause in hostilities between the United States and Iran triggered a sha...
Africa
South Africa's Vodacom lifts medium-term targets after Safaricom deal
South Africa's mobile telecoms operator Vodacom Group upgraded its medium-term growth targets on Monday after completing its acquisition of a controlling stake in Kenya's Safaric...
Africa
Vodafone ups forecasts to include Safaricom, see earnings at upper end of new range
European and African mobile operator Vodafone raised its guidance on Monday to reflect its Safaricom deal, and said it expected to deliver results at the upper end of its new ran...
Africa
Senegal's President Faye launches new party, cementing ruling camp split
Senegal's President Bassirou Diomaye Faye has launched a new political party, formalising his break with former Prime Minister Ousmane Sonko and the ruling Pastef party that swe...
Africa
Gabon opposition leader jailed for political reasons, his lawyers say
Gabon's main opposition leader, Alain Claude Bilie By Nze, has been in jail for more than three months after the government resurrected an 18-year-old private financial dispute as...
Africa
South Africa's finance minister to appoint new board at state asset manager
South Africa's Finance Minister Enoch Godongwana said on Friday he would appoint a new board for the Public Investment Corporation after a series of board resignations at the sta...
Africa
Guinea-Bissau's imprisoned opposition leader allowed to travel for medical treatment
Guinea-Bissau's military government has allowed opposition leader Domingos Simoes Pereira to leave prison and travel to Portugal for medical treatment, his family told Reuters.
Africa
Morocco's economic growth to slow to 4.2% in 2026, World Bank says
Morocco's economic growth is expected to slow to 4.2% in 2026, after growing 4.9% last year, the highest rate in a decade, the World Bank said on Friday.
Africa
Mali's gold output seen staying below 60 tons through 2029, ministry plan shows
Mali's industrial gold production is expected to remain below 60 metric tons annually through 2029, according to a mines ministry plan seen by Reuters, extending a decline that fo...
Africa
Women in Sudan's al-Obeid face drone attacks and rape when fetching water, UN says
Women and girls in Sudan's al-Obeid face a dire choice between the threat of drone attacks during the day and sexual violence at night when they go out to fetch water in the besi...
Africa
Explainer: Copper, growth, IMF: What investors are watching in Zambia's upcoming election
Zambians vote on August 13 in presidential and parliamentary elections, with polls and investors widely expecting President Hakainde Hichilema to defeat a fragmented opposition led...
Africa
AfDB approves $114 million loan for Morocco battery gigafactory
The African Development Bank (AfDB) said on Friday it had approved a €100 million ($114 million) loan to help finance Africa's first gigafactory in Morocco.
Africa
Nigeria's Tinubu approves army expansion to 12 divisions with 28,000 new recruits
Nigerian President Bola Tinubu has approved an expansion of the army to 12 divisions from eight and the recruitment of 28,000 additional personnel, the presidency said on Friday,...
Africa
South African rand claws back losses prompted by Reserve Bank's rate hold
The South African rand recovered some ground in early trade on Friday, clawing back part of its sharp losses in the previous session when the central bank left interest rates unc...
Africa
South Africa's deputy finance minister resigns as chair of state asset manager
South Africa's Deputy Finance Minister David Masondo has resigned as the chair of the board of directors of state-owned asset manager the Public Investment Corporation, he said o...
Africa
UN rights office deplores alleged killing, torture of Malian soldiers by insurgents
The U.N. human rights office on Thursday called for an investigation into reports of the torture and killing of surrendering Malian soldiers during an ambush of a military convoy ...
Africa
South Africa central bank surprises with rate hold, says policy tight enough
South Africa's central bank surprised investors and economists by keeping its main lending rate unchanged on Thursday, saying its policy was restrictive enough to return inflatio...
Africa