The Solidarity Fund will no longer be taking requests for funding as it prepares to close by September. The business entities of the fund which has completed its disbursements will continue to exist in a state of dormancy, while a minimum balance of R15-million will be left in the fund for remobilisation in the event…
The Somali National Army (SNA) says members of its special forces killed a suicide bomber and seized a vehicle filled with explosive devices in the southern region of Kismayo on Wednesday. Military officials said the driver who was believed to be a suicide bomber could have been planning to carry out attacks on delegates who…
LAGOS/ABUJA, March 17 (Reuters) – Nigeria has priced a $1.25 billion Eurobond issue at 8.375%, its debt office said on Thursday, a premium compared to existing tenors as the country sought to raise cash to fund a costly petrol subsidy scheme in the face of limited oil revenue. The latest debt issue marks Nigeria’s eight outing on…
The Ethiopian government has denied claims that it is blocking aid from reaching the Tigray region, where there has been conflict for more than a year. The World Health Organization (WHO) Director General Tedros Ghebreyesus had called on the government to end the blockade that has hampered humanitarian supplies delivery to Tigray. But Ethiopia’s Communication…
This weekend marks one year since Tanzania’s former Vice-President Samia Suluhu Hassan took office as the country’s first female president. Despite being Africa’s only female political head of state, she doesn’t want to be referred to in an official capacity but simply by her first name, Samia or she says, “Mama Samia”. She was sworn…
In the Democratic Republic of Congo, families whose children were studying in Ukraine and tried to flee when the war broke out are concerned. They are students studzing Even though some students crossed the Polish border, their families haven’t heard from them since. Every hour, as a ritual, Solange Kahindo and her husband living in…
President Cyril Ramaphosa says he is hopeful that the hostilities between Russia and Ukraine will soon end. Russia invaded Ukraine three weeks ago saying it wanted to denazify and demilitarised Ukraine. The country had expressed a strong wish to move closer to the EU and NATO. Delivering a keynote address at investment company Ninety One’s anniversary…
Environmental activist Christopher Muriithi, chairman of the Oloolua Community Forest Association examines the stem of a tree inside the Oloolua Forest, near Nairobi, Kenya, February 21, 2022. Parliamentarians are proposing amending Kenya’s forest law to make it easier to change the borders of protected areas, a move activists warn could adversely affect wildlife and the…
South Africa’s indebted state-owned power utility expects running costs for its diesel-fed turbines, which are used to keep the lights on when coal-powered plants break down, to surge as it struggles to keep up with maintenance. Eskom Holdings sees about a third of its coal-fired capacity being unavailable at any one time under a most…
South Africa risks being rocked by strong economic headwinds in the coming months as the “conflict between Russia and Ukraine” impacts the global economy, says president Cyril Ramaphosa. Speaking at an event hosted by asset manager NinetyOne on Wednesday evening (16 March), Ramaphosa said the economic turmoil comes just as South Africa and other countries…