25 C
Lagos, South Africa and New York
Thursday, September 24, 2020

IMF says Cameroon’s economic growth to rise to 4 percent in 2018

DAKAR (Reuters) - Cameroon’s economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International Monetary Fund (IMF) said. Growth was slower in...

Gambia: I won’t quit as president, Jammeh insists

President Yahya Jammeh on Thursday in Banjul reiterated his stand that he would not step down as Gambian leader when his mandate ends on Wednesday. The information ministry said in a statement read on national television that Mr. Jammeh was planning to remain in office...

South Africa’s Nedbank CFO to join Vodacom

JOHANNESBURG (Reuters) - South Africa’s Nedbank Group Chief Financial Officer Raisibe Morathi has resigned from the lender to take up a similar role at Vodacom Group, the companies said in separate statements on Tuesday. Morathi has been the group CFO at Nedbank since 2009, where...

UN chief affirms full support for Yemen peace envoy

RIYADH (Reuters) - U.N. Secretary-General Antonio Guterres said on Sunday the U.N. envoy to Yemen had his full support, days after Yemen's Houthi group asked him not to renew the diplomat's term due to what it alleged was bias against the Iranian-aligned movement. In a...

Zimbabwe cuts import tax on petrol, diesel to reduce pump price

HARARE (Reuters) - Zimbabwe has cut its import tax on petrol and diesel by as much as 17 percent, the first time it has done so since it adopted the U.S. dollar in 2009, in a bid to lower the pump price for motorists,...

Moody’s says South Africa recession shock credit negative

JOHANNESBURG (Reuters) - Ratings agency Moody’s said on Thursday that the South African economy’s slide into recession in the second quarter would exacerbate the fiscal and monetary challenges the country faces, calling weaker-than-expected economic data “credit negative”. A Moody's sign on the 7 World Trade...

Zimbabwe labour group threatens protests over ban on foreign currencies

HARARE (Reuters) - Zimbabwe’s largest labour body on Tuesday threatened protests over the government’s decision to ban the use of foreign currencies and make the interim currency the sole legal tender. President Emmerson Mnangagwa’s government said the move on Monday to abandon a multi-currency system...

Australia’s Prospect Resources picks advisor for sale of Zimbabwe lithium mine

HARARE (Reuters) - Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe’s Arcadia Lithium mine to Russian energy firm Uranium One. Uranium One, a unit of Russia’s state-owned nuclear...

Nigeria’s Catholic crisis: Pope may shut down 163 parishes

• Adamant priests adopt new tactics • I’m awaiting my installation, says Okpalaeke Pope Francis is seriously considering total shut-down of the 163 parishes in Catholic Diocese of Ahiara in Imo State over the protracted crisis generated by appointment of Peter Okpalaeke as Bishop. Okpalaeke’s appointment...

EU could curb visas for African officials over migrants: Germany

The European Union should consider restricting visas for senior officials from African and other states which refuse to take back illegal immigrants from Europe, Germany's interior minister said on Monday. Attending an EU meeting in Brussels, Thomas de Maiziere told reporters that the bloc needed...
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