05302016Mon
Last update: Mon, 30 May 2016 07pm

Africa

World - Africa

Talks on Rwanda credit facility ‘very advanced’: IMF NAIROBI: The International Monetary Fund is "very advanced" in talks with the Rwandan government on a short-term credit facility to support the East African country if its foreign reserves slide, a senior official said on Thursday. Rwanda, which relies on farming, foreign aid and modest exports of minerals, has been hit by the slide in global commodity prices and has seen foreign reserves slip while a construction boom has continued to suck in imports. The central bank does not release timely reserve figures, but one diplomat said they had slipped to about 3.2 months of imports cover. Neighbouring Kenya has more than 4 months cover. "Our discussions with the Rwandan government are very advanced. We expect this to go forward," IMF First Deputy Managing Director David Lipton told a news conference on the sidelines of the World Economic Forum on Africa, in Kigali. "It will take a little while to ...

World - Africa

4 police, 3 jihadists killed in Tunisia raids: ministry TUNIS: Four policemen and three suspected jihadists were killed during security operations Wednesday near the capital and in southern Tunisia, in the latest violence to hit the country, officials said.Tunisia, the birthplace of the Arab Spring, has suffered from a wave of jihadist violence since its 2011 revolution that ousted longtime dictator Zine El Abidine Ben Ali.In Wednesday's deadliest confrontation, four policemen were killed when a militant detonated his explosives belt after a firefight erupted ...

World - Africa

South Africa's Zuma says economy is ‘weathering the storm’ PRETORIA: South African President Jacob Zuma said on Monday that Africa's most industrialised economy was "weathering the storm" as he unveiled initiatives to accelerate growth include a private and public sector fund for small business.South Africa's economy is barely growing, hobbled by power cuts last year, low commodity prices, drought and political ructions that have unnerved investors.Zuma was speaking after receiving a report from a government-business task team appointed in February to explore ways to ...

World - Africa

South African unemployment rises to 26.7 percent in first quarter PRETORIA: South Africa's unemployment rate rose to 26.7 percent of the labour force in the first quarter of this year from 24.5 percent in the fourth quarter of 2015, data from the statistics office showed on Monday. In its quarterly labour force survey which polls households, Statistics South Africa said this amounted to 5.714 million people without jobs in the first quarter compared with 5.2 million previously.Analysts polled by Reuters expected the unemployment rate to ...

World - Africa

Gunmen kill 8 police in Cairo suburb, Islamic State claims attack CAIRO: Gunmen killed eight plainclothes police on the southern outskirts of Cairo overnight, the Egyptian interior ministry said, in an assault claimed by Islamic State militants. The four attackers pulled alongside in a pick-up truck and sprayed a police vehicle with automatic weapons fire before fleeing, the ministry said on Sunday. The gunmen wore masks, residents in Helwan, an industrial area on the edge of the capital, told Reuters. Egypt's government is facing an insurgency ...

World - Africa

Egypt court recommends death for 6 co-defendants but not Morsi CAIRO: An Egyptian court recommended death sentences on Saturday for six co-defendants of Mohamed Morsi but not for the president in their trial on espionage charges.The presiding judge in the trial asked the mufti -- the country's official interpreter of Islamic law -- to consider death sentences for the six co-defendants, saying the court would convene again on June 18 after the mufti's response.It will then pronounce its verdict and sentence for the remaining five ...

World - Africa

Nigeria's Buhari signs delayed 2016 budget into law ABUJA: Nigeria's President Muhammadu Buhari signed the delayed 2016 budget into law on Friday, a Reuters witness said, ending wrangling with lawmakers that had lasted for weeks. The record 6.06 trillion naira ($30.6 billion) budget triples capital expenditure in Africa's top oil exporter from 2015 and aims to stimulate an economy hit hard by the fall in global crude prices. Copyright Reuters, 2016 ...