Africa
LATEST NEWS FROM AFRICA
Africa
South African rand edges up ahead of business activity PMI as risk appetite improves
The South African rand edged up in early trade on Wednesday as a softer dollar and lower oil prices lent support to the risk-sensitive currency, while domestic investors awaited ...
Africa
Nigeria's Tinubu approves military pay rise as security challenges persist
Nigerian President Bola Tinubu has approved pay rises of up to 80% for members of the armed forces, the presidency said on Tuesday, in a move aimed at boosting troop welfare as ...
Africa
Seventeen migrants believed dead trying to reach Spain's Balearic Islands
Seventeen migrants died trying to reach the shores of Spain's Balearic Islands after 15 days of travel, authorities said on Tuesday, citing the testimony of two survivors who were...
Africa
Cape Town airport runway closed after plane's tyres fail, passengers safe
The main runway at Cape Town International Airport was temporarily closed after a Kenya Airways plane's tyres failed on landing, but all passengers were safely taken off the p...
Africa
South African court orders reinstatement of state asset manager's CEO
A South African court on Tuesday declared invalid the suspension of Public Investment Corporation (PIC) Chief Executive Patrick Dlamini by the board, ordering his reinstatement a...
Africa
Inmates stage mass escape in western Libya amid armed clashes
Libyan police said inmates staged a mass escape from a jail on Tuesday while armed clashes erupted nearby in two cities west of the capital Tripoli.
Africa
Zambia miners eye election with hopes for support for copper expansion
For mining firms in Zambia, priorities for next week’s elections include stronger incentives for processing minerals, reviving exploration and expanding power generation, measures...
Africa
Cameroon's Biya, unseen for 58 days, reshuffles military leadership
Cameroon's President Paul Biya has reshuffled senior military staff, promoting the head of the Presidential Guard to a brigadier general from colonel and replacing commanders in ...
Africa
Lithium mining for green power triggers eco-outcry from South African farmers
Mining lithium for batteries is a growing part of South Africa's plan to use the global shift towards green energy to revive its economy, but now it faces a challenge from thousan...
Africa
South African rand steady with US job data and Iran in focus
The South African rand was steady in early trade on Tuesday as investors weighed conflicting signals over potential U.S.-Iran talks and looked ahead to key U.S. labour market dat...
Africa
South Africa's Nedbank half-year profit flat
South Africa's Nedbank Group said on Tuesday its half-year headline earnings were largely flat, outperforming the lender's expectations at the start of the year, as income g...
Africa
AfDB approves $35 million to boost Senegal's public finance management
The African Development Bank has approved 20 billion CFA francs ($35.4 million) in financing to help Senegal strengthen its public finance management as the West African country ...
Africa
Mali says mining-backed fund could unlock up to $800 million for infrastructure projects
Mali could leverage revenues from recent mining sector reforms to raise up to 500 billion CFA francs ($883.1 million) for energy, water and transport projects, its finance ministe...
Africa
South African coalition party goes to court over law that angered Trump
South Africa's Democratic Alliance, the second-largest party in the governing coalition, went to court on Monday to challenge a land seizure law that U.S. President Donald Trump c...
Africa
South Africa issues draft rules for cross-border crypto
South Africa took a step on Monday toward bringing cryptocurrency into its financial rulebook, releasing draft guidelines that for the first time spell out when moving crypto acro...
Africa
South African rand firms ahead of factory activity, vehicle sales figures
The South African rand strengthened in early trade on Monday ahead of the release of local manufacturing purchasing managers' index (PMI) and vehicle sales data for July.
Africa
Product tanker carrying Russian cargo reroutes around Africa after Red Sea U-turn
A Panama-flagged tanker carrying Russian naphtha attempted to pass through the Bab-el-Mandeb strait in the last week of July before changing course to sail around Africa instead,...
Africa
Gunmen kill 12, abduct women and children in Nigerian village
Armed men killed at least 12 people and abducted women and children during a night attack on a village in Nigeria's northwestern Sokoto state, witnesses said.
Africa