06292016Wed
Last update: Wed, 29 Jun 2016 06am

Africa

World - Africa

Uganda's inflation rises to 5.4 percent in May KAMPALA: Uganda's overall inflation rose to 5.4 percent year-on-year in May from 5.1 percent a month earlier, fueled by a surge in core inflation, the Uganda Bureau of Statistics (UBOS) said on Tuesday.Core inflation - which excludes food, fuel, electricity and metered water - increased to 7 percent from 6.4 percent in April.The central Bank of Uganda watches core inflation for its monetary policy decisions.Policymakers are due to meet on June 14 to set the Central Bank Rate (CBR) for the next two months and businesses are watching to see whether the bank loosens its policy stance again.In April the central bank made a surprise cut, lowering the rate to 16 percent from 17 percent, saying it needed to boost growth after an improvement in inflation outlook.Annual non-food inflation rose to 6.8 percent during the month, from 5.8 percent the previous month, the statistics office said.Prices also rose for footwear, ...

World - Africa

Nigeria's Buhari to visit Niger Delta for first time this week ABUJA: Nigeria's President Muhammadu Buhari will on Thursday visit the Niger Delta region, rocked by attacks on oil and gas facilities, for the first time since taking office a year ago, a government official said on Monday.The visit was announced a day after Buhari said the government would hold talks with leaders in Nigeria's main oil-producing region to address their grievances, in a bid to stop a surge in pipeline attacks. Buhari will visit a ...

World - Africa

Private firm hired to hunt for EgyptAir black boxes CAIRO: Egypt hired a private firm Friday to help in the hunt for the black boxes from the EgyptAir plane that crashed last week en route from Paris to Cairo, authorities said.Egyptian civil aviation officials said in a statement they had signed an agreement with Deep Ocean Search (DOS) to carry out the search and retrieval process of the two data recorders.EgyptAir Flight MS804 crashed in the Mediterranean last Thursday between the Greek island of ...

World - Africa

Blast kills five soldiers and wounds four in Mali: army BAMAKO: Five soldiers were killed Friday and four others wounded in northern Mali when their vehicles were hit by an explosion, authorities said."Two vehicles from the Malian armed forces were blown up by an improvised explosive device causing the death of five Malian soldiers and wounding four others," an army statement said.The government pledged in the statement that "everything will be done to locate and bring those responsible to justice" for the attack between the ...

World - Africa

South Africa's parliament approves land expropriation bill JOHANNESBURG: South Africa's parliament on Thursday approved a bill allowing state expropriations of land to redress racial disparities in land ownership, an emotive issue two decades after the end of apartheid. Most of South Africa's land remains in white hands and many commercial and small-scale farmers are currently facing tough times because of the worst drought in at least a century. The bill, in the works since 2008, will enable the state to pay for ...

World - Africa

UN condemns killing of Slovakian nun in volatile South Sudan NAIROBI: The United Nations' most senior humanitarian official in South Sudan denounced on Wednesday the killing of a Slovakian nun who was working as a doctor in the country, where violence is hampering efforts to relieve widespread hunger and sickness. Sister Veronika Rackov? is the 54th aid worker to be killed in South Sudan since violence erupted in the world's youngest nation in December 2013, the United Nations said. "I am deeply saddened by this ...

World - Africa

Buhari's Lagos no-show dismays Nigerian business LAGOS: At least the taxi drivers of Lagos are happy, even if businessmen in Nigeria's commercial capital are not.A year after becoming president, Muhammadu Buhari pulled out of his first official visit to Lagos on Monday, averting citywide gridlock but angering business leaders who say the 73-year-old former military ruler is deaf to their plight.With Africa's largest economy now contracting, the foreign exchange market frozen by red tape and a new Niger Delta insurgency sending ...