Africa
LATEST NEWS FROM AFRICA
Africa
Congolese authorities hand over 15 prisoners to M23 rebels
Democratic Republic of Congo authorities released 15 prisoners and handed them over to rebels from the AFC/M23 movement on Friday, according to the International Committee of the...
Africa
South African rand edges up as firm gold supports ahead of US jobs data
The South African rand edged up in early trade on Friday, with strong gold prices underpinning the currency as investors awaited U.S. non-farm payrolls data later in the day for ...
Africa
Africa's infrastructure guarantees platform plans to double its capital, CEO says
The African Trade and Investment Development Insurance (ATIDI) plans to double its capital to $2 billion over the next two years, its chief executive told Reuters, as African lead...
Africa
Morocco ready to cooperate on return of minors from Spain, state media says
Morocco is ready to cooperate with Spain and other European partners on the return of unaccompanied minors who were among tens of thousands of migrants who crossed into the Span...
Africa
Uganda clears way for deployment of troops to Gaza under Trump plan
Uganda's parliament on Thursday voted to approve the deployment of its military to the Gaza Strip, if it was needed as part of a multinational security force proposed under U.S. P...
Africa
Nigeria's plan to tax crypto transactions could undermine adoption, industry says
Nigeria has introduced stamp duty on certain crypto transactions and withholding taxes that industry players say could undermine adoption of digital assets in one of the world's ...
Africa
EU should use leverage with Morocco after Ceuta crossings, EU migration chief says
The European Union should use all available leverage, including visa and trade policy, to secure cooperation from Morocco on migration, EU Migration Commissioner Magnus Brunner s...
Africa
African free trade agency taps Nigerian firm for $3.1 billion customs overhaul project
The African Continental Free Trade Area Secretariat has signed a 20-year, $3.1 billion concession agreement with Nigeria's Bergmans Security Consultants and Supplies Ltd to roll ...
Africa
Kenyan lender Stanbic sees second-half earnings bounce on stronger loan demand
Kenya's Stanbic Holdings expects stronger earnings growth in the second half as a central bank rate-cutting drive boosts economic activity and demand for loans, its chief executi...
Africa
Egypt inflation likely rose to 15.6% in July, poll says
Egypt's annual headline inflation rate is expected to have accelerated in July to 15.6% from 14.3% in June, driven by an unfavourable base effect and stronger food and non-food pr...
Africa
Ghana's inflation eases in July, first decrease since March
Ghana's consumer inflation eased to 4.6% year-on-year in July from 5.3% in June, the first month it had decreased since March, data from the statistics service showed on Thursday...
Africa
AFRICA-FX-Mixed outlook for currencies next week
The outlook for African currencies is mixed next week. Those of Kenya, Nigeria and Ghana are expected to be broadly stable, while Zambia's will probably fall but Uganda's could ri...
Africa
South Africa's Pick n Pay boosted by Boxer as group turnover rises 2.7%
Pick n Pay's group turnover rose 2.7% in the 20 weeks ended July 19, with strong growth at its Boxer discount chain helping to offset continued pressure on its core supermarket ...
Africa
Congo bans copper and cobalt concentrates exports, official order says
The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from it...
Africa
Nigerian forces rescue 308 kidnap victims, presidency says
Nigerian security forces have rescued 308 people abducted in separate attacks in northern Niger and Kwara states, in what President Bola Tinubu described as the largest same-day ...
Africa
South African rand steady as markets await signs of Iran deal
The South African rand was steady in early trade on Thursday on a softer dollar and lower oil prices, as investors awaited signs of progress on a U.S.-Iran peace deal and the reo...
Africa
Kenya's stock exchange plans East Africa's first AI-focused ETF
Kenya's Nairobi Securities Exchange is creating East Africa's first AI stocks-focused exchange-traded fund, which it plans to offer to investors before year-end, its CEO said.
Africa
Kenya private sector activity rises in July, PMI shows
Kenya's private sector activity expanded in July, though inflation pressures and logistics bottlenecks limited the pace of growth, a survey showed on Wednesday.
Africa