Africa
LATEST NEWS FROM AFRICA
Africa
South African lender Absa posts 8% rise in half-year profit
South African lender Absa Group on Tuesday posted an 8% rise in half-year headline earnings as revenue grew and credit impairment charges inched lower.
Africa
Dollar feeble as rate hike bets dwindle, Iran war worries jolt bonds
The U.S. dollar held near multi-month lows against most major currencies on Tuesday as traders walked back expectations of near-term monetary tightening, although the imminent thr...
Africa
Zambia's Hichilema seeks to turn debt recovery into economic expansion
After restructuring Zambia's debt in his first term, Hakainde Hichilema says there is more work to be done in his second and wants to double the size of the economy, create more j...
Africa
IMF staff to visit Senegal for more programme talks
The International Monetary Fund said on Monday that its staff would visit the West African country from August 19 to September 1 to continue discussions on policies and reforms ...
Africa
Charity boat rescues 50 migrants off Libya, seven found dead
The charity rescue ship, EMERGENCY, rescued 50 migrants from an wooden boat in international waters off Libya on Monday, while seven others were found dead, the charity said.
Africa
Zambia's president extends election lead, opposition cries fraud
Zambian President Hakainde Hichilema's lead in the country's presidential election widened on Monday, while the opposition cried fraud in a chaotic aftermath to last week's poll.
Africa
Kenya's competition regulator seeks reserve fund in Diageo's EABL sale
Kenya's competition regulator has proposed that East African Breweries Ltd set aside as much as 15 billion Kenyan shillings ($115 million) in reserve funds before approving Diage...
Africa
Zambia says it arrested opposition figures on night of elections
Zambian police arrested several leading opposition figures on the night of national elections last week, accusing them of posing a threat to state security, the government said.
Africa
IMF to visit Uganda next month for negotiations on new programme
An International Monetary Fund staff team plans to visit Uganda next month for more negotiations on a new support programme, the IMF's resident representative in Uganda told Reu...
Africa
South African rand starts week stronger with inflation data in focus
The South African rand firmed against the U.S. dollar in early trade on Monday as investors looked ahead to inflation data later this week for clues on the health of Africa's lar...
Africa
Thungela's Australia coal output rebounds, anchors growth prospects
Thungela Resources' Ensham thermal coal mine anchors the company's growth prospects away from South Africa, CEO Moses Madondo said on Monday, after the Australian operation helped...
Africa
Zambia's Hichilema leads presidential vote count
Zambia's President Hakainde Hichilema was well ahead in counting for national elections on Sunday with nearly half the constituencies declared, the electoral commission said.
Africa
Zimbabwe police: death toll from Lake Kariba boat accident rises to 80
Zimbabwe's national police service said in a post on X on Sunday that the death toll from a boat accident on Lake Kariba on August 11 had risen to 80 after eight m...
Africa
Zimbabwean boat accident death toll rises to 68 as more bodies recovered
Twenty-two more bodies have been recovered following a boat accident in a lake in Zimbabwe, police said on Saturday, taking the death toll to 68.
Africa
Spain boosts security in Ceuta as calls appear online for another mass border rush
Spain has beefed up police and military presence in its North African enclave of Ceuta amid social media messages encouraging migrants to attempt another mass border breach on Sat...
Africa
Fitch upgrades Republic of Congo's local-currency rating on lower refinancing risks
Global ratings agency Fitch on Friday upgraded the Republic of Congo's long-term local-currency rating to "CCC+" from "CCC" and affirmed its foreign-currency rating, citing improv...
Africa
Libya's Haftar played key role in release of US hostage held by Islamic State, sources say
Authorities in eastern Libya under military commander Khalifa Haftar helped secure the release of an American missionary held hostage held by an Islamic State affiliate in West Afr...
Africa
Resolute, Guinea state miner launch gold joint venture
Resolute Mining and Guinea's state-backed Nimba Mining Gold said on Friday they have formed a joint venture to advance gold exploration and development projects in the West Afri...
Africa