Reuters KEY POINTS Climate Investment Funds to invest $500 mln in each Will help retire coal-fired power plants earlier Comes ahead of COP27 climate talks in Egypt LONDON, Oct 27 (Reuters) – Climate Investment Funds, a leading multilateral investor in developing countries, said it will allocate $1 billion to help South Africa and Indonesia move away from…
Diamond magnate Sam Matekane is due to be sworn in as Lesotho’s new prime minister at Setsoto Stadium in Maseru, following the 7 October parliamentary elections. His Revolution for Prosperity party, formed earlier this year, won the polls but failed to garner an outright majority in the 120-seat parliament, leading to the formation of a…
By Soutik Biswas India correspondent Two Indian tourists and their local driver disappeared in the Kenyan capital, Nairobi, on a July night. More than two months after the incident, nine policemen have been arrested in connection with the case, which India says it is “closely watching”. The BBC pieces together the mystery and highlights the…
Troops clashed with M23 rebels around a strategic highway in eastern Democratic Republic of Congo on Thursday, sources said, following a recent flare-up between the two sides. A mostly Congolese Tutsi group, the M23 resumed fighting in late 2021 after lying dormant for years. It has since captured swathes of territory in North Kivu province,…
Uganda has reported 14 confirmed cases of Ebola in the greater Kampala region, the country’s health minister said Monday but sought to assure anxious residents that the situation in the capital was under control. So far, the death toll across the country from the Ebola epidemic declared in late September has climbed to 44, according…
The NPA’s Investigating Directorate have arrested former Eskom acting chief executive Matshela Koko, his wife Mosima and his stepdaughter Koketso Choma on charges of corruption. The charges relate to a multibillion-rand contract Eskom entered into with Swiss engineering company Asea Brown Boveri (ABB) in 2015. ABB subcontracted to a local company, Impulse International, where Choma was a shareholder. She…
Christian AkorlieReuters ACCRA, Oct 27 (Reuters) – A coalition of Ghana’s ruling party members of parliament have called off demands that finance minister Ken Ofori-Atta be removed from office until a support package is negotiated with the International Monetary Fund (IMF). The ruling New Patriotic Party (NPP) said in the statement on Wednesday that President Nana Akufo-Addo…
Reuters CAIRO, Oct 27 (Reuters) – Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee. The central bank set the overnight lending rate at 14.25% and the overnight deposit rate at 13.25%. The war in Ukraine has deepened Egypt’s economic…
By Sam Tobin LONDON, Oct 26 (Reuters) – Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore (GLEN.L) over bribes paid to officials at Nigeria’s state oil company was denied by a London court on Wednesday. Lawyers representing the country told London’s Southwark Crown Court that Nigerian officials should be permitted to…
Mali’s security situation has become “significantly worse” due to the ruling junta’s choices, including an alleged decision to partner with Wagner, a Russian private security firm, a senior US official said Wednesday. Mali‘s ruling junta, which seized power in 2020, has turned away from its traditional ally France and towards Russia in its fight against a decade-long jihadist insurgency…