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Last update: Wed, 31 Aug 2016 01am

Africa

World - Africa

Niger Delta Avengers urge Nigeria's Buhari to visit southern oil hub YENAGOA: The Niger Delta Avengers, a Nigerian militant group which has claimed responsibility for a series of attacks on oil facilities in the country's southern energy hub, has urged President Muhammadu Buhari to visit the region.The militant group says it wants a greater share of Nigeria's oil wealth to go to the impoverished Delta region. Crude sales make up about 70 percent of Nigeria's national income and most of that oil comes from the southern swampland. Last week, Petroleum Ministry officials said the government had agreed a one-month ceasefire with the militants, but the group later denied that. "President Buhari should visit Niger Delta," the Avengers said on their Twitter feed on Saturday. Last month Buhari, a 73-year-old former military ruler, cancelled a trip to the region at the last minute, days before flying to London to receive treatment for an ear infection. It would have been his first visit ...

World - Africa

Egyptian court suspends implementation of central bank decree to limit CEO terms CAIRO: An Egyptian court suspended the implementation of a Central Bank decree to limit CEO terms on Sunday, according to the lawyer who appealed the decision. In March, Egypt's central bank set a 9-year term limit for all bank CEOs which would have forced eight of the country's banking heads out of their positions. Copyright Reuters, 2016 ...

World - Africa

South African court blocks appeal by Zuma over corruption charges PRETORIA: South African President Jacob Zuma failed on Friday in his appeal against a court ruling that corruption charges against him be reinstated, another setback for the leader who has been facing calls for his resignation. The ruling puts further pressure on Zuma after a damning constitutional court judgment against him in March, and comes six weeks before local elections at which the ruling African National Congress faces a strong challenge from opponents seeking to ...

World - Africa

Nigerian army says it freed over 5,000 people held by Boko Haram LAGOS: Nigeria's army on Sunday said it had freed more than 5,000 people held by the Islamist militant group Boko Haram during an operation over the weekend in the northeast of the country. Nigeria's army has over the last year, sometimes aided by troops from neighbouring countries, recaptured most of the territory that was lost to the group, which has waged a seven-year insurgency aimed at creating an Islamic state in the remote northeast. The ...

World - Africa

South African financial institutions can withstand Brexit shock: Zuma JOHANNESBURG: South African banks and financial institutions can withstand shocks after Britons voted in favour of quitting the European Union, President Jacob Zuma said on Friday. Zuma said the Treasury and the central bank were in talks with financial institutions on the possible implications of the Brexit vote on Africa's most industrialised country. "Our banks and financial institutions are well positioned to withstand financial shocks to the system as demonstrated in previous episodes including the ...