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Last update: Sun, 31 Jul 2016 05am

Africa

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

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 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

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 ...

World - Africa

South African court rules Zuma can be charged over graft JOHANNESBURG: A South African court on Friday threw out President Jacob Zuma's attempt to appeal against a ruling that he should face almost 800 corruption charges that were dropped in 2009."We seriously considered whether the appeal would have reasonable prospects of success and came to the conclusion that there are no merits in the arguments," Judge Aubrey Ledwaba told the High Court in Pretoria.Copyright AFP (Agence France-Presse), 2016 ...

World - Africa

130 injured in South Africa train crash: medics JOHANNESBURG: Nearly 130 people were injured but no fatalities were reported when two passenger trains collided outside the South African coastal city of Durban on Thursday, medical services at the scene said.The two trains ploughed into each other in Lamontville township on the outskirts of Durban during the afternoon, causing the large number of moderate and minor injuries."128 people were cleared from the scene, and 80 were transported immediately to hospital," Werner Vermaak, spokesman for ...

World - Africa

Ghana's Mahama faces corruption claims ACCRA: Ghana's President John Dramani Mahama has hit back at opponents who want him investigated for receiving a car which they claim is a bribe.The 57-year-old, who is seeking a second term of office in November, has been accused of receiving a four-wheel-drive vehicle from a contractor in Burkina Faso bidding for a lucrative construction contract.The main opposition New Patriotic Party and others allege the gift was designed to influence the awarding of a road ...