Africa
LATEST NEWS FROM AFRICA
Africa
South Africa's financial regulator launches probe into state asset manager
South Africa's Financial Sector Conduct Authority (FSCA) has launched an investigation into the Public Investment Corporation (PIC), citing concerns over governance, leadership st...
Africa
South African rand flat as traders await more US inflation data
The South African rand was flat in early trade on Wednesday, as markets awaited a U.S. producer inflation reading for further clues on the Federal Reserve's interest rate traject...
Africa
G7 urges halt to attacks in Sudan's El-Obeid, calls for wider arms embargo
G7 foreign ministers and the European Union's foreign policy chief on Wednesday urged Sudan's Rapid Support Forces and allied armed groups to stop all actions that could lead t...
Africa
Dollar struggles after softer inflation blunts Fed hike bets
The dollar drooped on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns ...
Africa
Nigeria to lead humanitarian response as UN support evolves, minister says
Nigeria plans to take on a bigger role in coordinating humanitarian responses inside the country, as it shifts away from a system led largely by international donors and U.N. age...
Africa
Fifty migrants feared lost in Mediterranean, 10 survive after boat capsizes, security sources say
At least 50 migrants, including women and children, were feared lost at sea, while 10 survived, after their wooden boat capsized on Tuesday in the Mediterranean Sea off the easte...
Africa
Cameroon's main port resumes operations after vessel collision, minister says
Cameroon's main port of Douala has resumed operations, its transport minister said on Tuesday, after a collision between two cargo vessels at the weekend temporarily obstructed t...
Africa
Congo's planned mining law reform could dent investor confidence, industry warns
Democratic Republic of Congo's main mining industry body has warned that proposed changes to mining laws aimed at tightening state control could dent investor confidence in the wo...
Africa
South African rand wobbly ahead of local mining data, US inflation print
The South African rand was under pressure early on Tuesday as uncertainty surrounding the Iran war hung over markets ahead of the release of domestic mining figures and key U.S. ...
Africa
A hidden pipeline brings Amazon and Walmart to African shoppers
No bank card? No address? No problem. Shoppers in Africa increasingly are buying online from big brands such as Amazon or Walmart even though they have no physical presence on much...
Africa
Guinea-Bissau military court orders opposition leader back to jail
Guinea-Bissau opposition leader and former Prime Minister Domingos Simoes Pereira was moved back to prison last Friday following a decision by the West African country's military...
Africa
Gunmen kill at least 18 people in Nigeria's Benue state, residents say
Gunmen killed at least 18 people in Nigeria's northern Benue state in a weekend attack, residents and local officials said, triggering a march by angry locals who blocked roads i...
Africa
Heavy-handed revenue enforcement a threat to Congo mining sector, warns president
Congolese President Felix Tshisekedi has ordered state revenue agencies to refrain from heavy-handed enforcement operations against mining companies, warning that excessive measu...
Africa
UK murder suspect bought gun in South Africa, possibly to kill himself, police say
A man arrested in Johannesburg on Friday who is suspected of murdering his wife and two daughters in Britain bought an unlicensed gun, possibly to kill himself, South African pol...
Africa
South African rand slides as renewed Gulf conflict fuels risk-off mood
The South African rand weakened against the dollar on Monday, tracking losses among emerging market currencies as escalating tensions in the Middle East dampened risk sentiment.
Africa
Cut off from Kinshasa, Congo's AFC/M23 rebels built their own Ebola response
Congo's AFC/M23 rebels have used a small Ebola outbreak in territory they control to showcase their ability to govern, mounting a response largely separate from authorities in Kins...
Africa
Egypt's January-March current account deficit widens to $5.1 billion
Egypt's current account deficit more than doubled to $5.1 billion in the January-March quarter from $2.3 billion a year earlier, central bank data showed on Sunday.
Africa
Kenya economy to grow 4.3% in 2026, 4.4% in 2027 - World Bank
Kenya's economy is expected to expand 4.3% this year and 4.4% in 2027, the World Bank said on Thursday, with this year's forecast being 0.6 percentage points lower than its Novemb...
Africa