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US will not take part in any Israeli retaliatory action against Iran

US will not take part in any Israeli retaliatory action against Iran

15th April 2024 President Joe Biden warned Prime Minister Benjamin Netanyahu the US will not take part in a counter-offensive against Iran, an option Netanyahu's... 

Ghana fails to reach debt deal with international bondholders

Ghana fails to reach debt deal with international bondholders

15th April 2024 Ghana has failed to strike a deal with two bondholder groups to restructure $13-billion of international bonds, the government said on Monday,... 

South Africa recalls J&J's cough syrup sold in six African nations after suspected toxicity

15th April 2024 South Africa's health regulator said on Saturday it is recalling batches of Johnson & Johnson's children's cough syrup after detection of high... 

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EU pledges Egypt 1-billion euros in financial aid

EU pledges Egypt 1-billion euros in financial aid

12th April 2024 The EU on Friday said it would provide Egypt with 1-billion euros in short-term financial aid to help stabilise the country's economy. Egypt agreed... 

'Time running out' in war-torn Sudan as access to aid restricted, WHO warns

12th April 2024 The World Health Organization said on Friday that the crisis in Sudan could worsen in the coming months as the distribution of humanitarian aid and... 

Ethiopia faces tough devaluation decision to secure IMF bailout

Ethiopia faces tough devaluation decision to secure IMF bailout

12th April 2024 Ethiopia may have to decide on a big currency devaluation sooner rather than later to secure a rescue loan from the International Monetary Fund,... 

Malian parties reject junta's suspension of political activities

12th April 2024 Malian political parties and civil society groups jointly rejected on Thursday the ruling junta's order to suspend political activities and vowed... 

Ethiopia faces tough devaluation decision to secure IMF bailout

11th April 2024 Ethiopia may have to decide on a big currency devaluation sooner rather than later to secure a rescue loan from the International Monetary Fund,... 

Moderna puts Kenya plant plans on hold as Covid vaccine demand slumps

Moderna puts Kenya plant plans on hold as Covid vaccine demand slumps

11th April 2024 Moderna said on Thursday it had paused its plans to build a vaccine manufacturing facility in Kenya, following a post-pandemic decline in demand... 

US to make additional funding push in response to Sudan conflict

11th April 2024 The US will make a push of more than a hundred million in additional funding to respond to the conflict in Sudan as Washington seeks to spur... 

Multilateral development banks still need work on implementing reforms, group says

Multilateral development banks still need work on implementing reforms, group says

11th April 2024 The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas,... 

March marks yet another record in global heat

March marks yet another record in global heat

9th April 2024 The world just experienced its warmest March on record, capping a 10-month streak in which every month set a new temperature record, the European... 

IMF reaches staff-level deal with Ivory Coast, paving way for $574m disbursement

9th April 2024 The International Monetary Fund on Monday said its staff reached agreement with authorities from Ivory Coast on a review of two lending programmes,... 

Zimbabwe's new ZiG currency starts trading, credibility doubts linger

Zimbabwe's new ZiG currency starts trading, credibility doubts linger

8th April 2024 Zimbabwe's new gold-backed currency started trading on Monday amid doubts that the country's third such re-launch in a decade will have any more... 

Sub-Saharan Africa growth not enough to dent poverty, says World Bank

Sub-Saharan Africa growth not enough to dent poverty, says World Bank

8th April 2024 Economic growth is set to rise for the next two years in sub-Saharan Africa, but not enough to make a significant dent in poverty on the continent,... 

EU will not delay deforestation law, environment chief says on Ivory Coast visit

8th April 2024 The European Union is not planning to delay a new law to crack down on the import of commodities linked to deforestation, its environment... 

China invites Uganda's energy minister for talks on pipeline financing

5th April 2024 China has invited Uganda's energy minister to Beijing to discuss the East African country's $5-billion crude oil pipeline, Uganda's presidency said... 

World Bank loans Ethiopia $1.72-billion for power, water supply expansion

5th April 2024 The World Bank and Ethiopia have signed loan agreements totalling $1.72-billion to enhance electricity and water supply, as well as to facilitate... 

Nigeria union requests more troops to combat oil theft

Nigeria union requests more troops to combat oil theft

5th April 2024 Nigeria's oil workers union has asked President Bola Tinubu to deploy more troops, including military chiefs, to combat oil theft and boost output... 

Slavery tribunal? Africa, Caribbean unite on reparations

Slavery tribunal? Africa, Caribbean unite on reparations

4th April 2024 Support is building among Africa and Caribbean nations for the creation of an international tribunal on atrocities dating to the transatlantic... 

Somalia sends Ethiopian ambassador home for consultations, closes consulates

Somalia sends Ethiopian ambassador home for consultations, closes consulates

4th April 2024 Somalia sent the Ethiopian ambassador from Mogadishu home for consultations on Thursday and closed consulates in the semi-autonomous region... 

Former speaker charged with corruption, granted bail

Former speaker charged with corruption, granted bail

4th April 2024 South African prosecutors on Thursday charged former National Assembly speaker Nosiviwe Mapisa-Nqakula with corruption and money laundering, a day... 

Consumer spending growth in South Africa steadied in 2023, report shows

Consumer spending growth in South Africa steadied in 2023, report shows

4th April 2024 Consumer spending growth in South Africa steadied in 2023 after the previous year's post-pandemic surge, but expected interest rate cuts will... 

Senegal's new president announces oil, gas and mining sector audit

Senegal's new president announces oil, gas and mining sector audit

4th April 2024 Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised... 

Kenyan private sector activity slows in March, PMI shows

Kenyan private sector activity slows in March, PMI shows

4th April 2024 Kenya's private sector activity contracted slightly in March, hurt by cashflow problems at some businesses, a business survey showed on Thursday.... 

South African policymakers discussing lower inflation target – Kganyago

South African policymakers discussing lower inflation target – Kganyago

3rd April 2024 South African policymakers are in discussions on lowering the central bank's inflation target, its governor said on Wednesday, adding that a lower... 

IMF ends Ethiopia visit, deal not yet secured

IMF ends Ethiopia visit, deal not yet secured

3rd April 2024 The International Monetary Fund concluded its visit to Ethiopia to discuss a request for IMF support on Tuesday without reaching an agreement,... 

Senegal President Faye appoints ally Sonko as prime minister

3rd April 2024 New Senegalese President Bassirou Diomaye Faye on Tuesday appointed firebrand politician and key backer Ousmane Sonko as prime minister in his... 

Faye sworn in as Senegal president, cites 'profound desire for change'

2nd April 2024 Senegal's once jailed opposition candidate Bassirou Diomaye Faye was sworn in on Tuesday as the West African nation's fifth and youngest president... 

At least 12 killed, 15 children missing in South Sudan attack

2nd April 2024 Youths attacked a village in eastern South Sudan and shot dead at least 12 people while 15 children are missing, officials said on Tuesday, as... 

China could drive Africa's renewable energy revolution, report says

China could drive Africa's renewable energy revolution, report says

2nd April 2024 China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green... 

South Africa sees smaller FDI inflows in fourth quarter – Reserve Bank

South Africa sees smaller FDI inflows in fourth quarter – Reserve Bank

28th March 2024 South Africa recorded smaller foreign direct investment (FDI) inflows of R16.2-billion in the fourth quarter of 2023, from R26-billion in the third... 

SARB keeps main interest rate unchanged, citing inflation risks

SARB keeps main interest rate unchanged, citing inflation risks

27th March 2024 South Africa's central bank kept its key interest rate unchanged at 8.25% on Wednesday, saying that on balance risks to the inflation outlook were... 

El Nino may see first South Africa white-corn imports since 2017

El Nino may see first South Africa white-corn imports since 2017

27th March 2024 South Africa may import significant amounts of white corn, used to make a staple food, for the first time since 2017 as the El Nino weather pattern... 

Senegal's president-elect Faye vows to govern with humility

26th March 2024 Senegal opposition presidential candidate Bassirou Diomaye Faye, a political newcomer popular among disaffected youth, promised on Monday to govern... 

China to keep cooperating on Zambia debt rework, says official

China to keep cooperating on Zambia debt rework, says official

26th March 2024 China will continue cooperating with all sides to advance Zambia's debt restructuring, a foreign ministry spokesperson said on Tuesday, without... 

Brics development bank aims to make $5bn in loans in 2024

Brics development bank aims to make $5bn in loans in 2024

26th March 2024 The New Development Bank (NDB), set up by the Brics group of emerging economies, aims to make about $5-billion in loans this year, its vice... 

Senegal's president-elect Faye vows to govern with humility

26th March 2024 Senegal opposition presidential candidate Bassirou Diomaye Faye, a political newcomer popular among disaffected youth, promised on Monday to govern... 

S. Africa's consumer confidence improves in the first quarter, survey says

S. Africa's consumer confidence improves in the first quarter, survey says

25th March 2024 South Africa's first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting... 

Britain agrees $100-million trade finance to boost Africa food security

25th March 2024 Development lender British International Investment said on Monday it had agreed a $100-million finance facility with the Eastern and Southern... 

Opposition candidate Faye takes early lead in Senegal presidential polls

25th March 2024 Early results from Senegal's presidential vote put opposition candidate Bassirou Diomaye Faye ahead, sending his supporters to celebrate in the... 

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