02072016Sun
Last update: Sun, 07 Feb 2016 01am

Africa

World - Africa

IMF chief welcomes Nigeria anti-corruption drive, urges flexible naira ABUJA: The head of the International Monetary Fund endorsed Nigeria's efforts to tackle corruption on Tuesday while saying it needed to reduce its reliance on oil, sharp falls in the price of which have crippled its economy.After meeting President Muhammadu Buhari, IMF managing director Christine Lagarde also called for greater flexibility in Nigeria's exchange rate regime, fuelling speculation that a devaluation of the naira may be imminent.The central bank has resisted calls by investors to devalue the naira, which has been allowed to fall about 20 percent since the start of 2014.Measures imposed by the central bank to restrict access to foreign exchange have been backed by Buhari. But they have proved to be unpopular with investors and highlighted Nigeria's dependence on crude oil exports, which account for more than half of state revenues.The IMF head, who said she was not in Nigeria to negotiate a loan, backed what she ...

World - Africa

15 drown in Egypt Nile boat accident CAIRO: At least 15 people drowned when an unlicensed ferry capsized in Egypt's Nile river north of Cairo overnight, the government said on Friday.Rescue teams recovered 15 bodies in the Kafr al-Sheikh province north of Cairo, the cabinet said in a statement, adding that three survivors of the accident were hospitalised. The government said the boat was carrying 18 people, although its maximum capacity was seven passengers, and its licence had expired.The accident came months ...

World - Africa

Rwanda's Kagame says will run for a third term in 2017 KIGALI: Rwandan President Paul Kagame said Friday he would run for a third term in office in 2017 in line with a constitution amendment which won overwhelming backing in a referendum earlier this month. "You have asked me to lead the country after 2017. Given the importance you ascribe to this matter, I can only accept," he said during a televised address at midnight (2200 GMT) as the nation welcomed in the New Year."You have ...

World - Africa

Egypt's new parliament to convene January 10 CAIRO: Egypt said Thursday the country's new parliament will convene on January 10, weeks after a legislative election that was marred by a low turnout in the absence of any opposition.The first parliamentary election since the army ousted president Mohamed Morsi in July 2013 was held in two phases between October 17 and December 2, and saw a turnout of only 28.3 percent."President Abdel Fattah al-Sisi has called for the parliament to convene on January ...

World - Africa

Former Compaore ally elected head of Burkina Faso national assembly OUAGADOUGOU: Burkina Faso's Salif Diallo, a former right-hand man of ousted president Blaise Compaore, was on Wednesday elected head of the national assembly, the country's second most powerful position.The 58-year-old was voted in by lawmakers the day after Roch Marc Christian Kabore was sworn in as the west African nation's first new leader in almost 30 years.The two men were among the founders of the Movement of the People of Progress (MPP) party, which came ...

World - Africa

S.African king to be jailed for kidnapping, assault JOHANNESBURG: A South Africa traditional king of Nelson Mandela's Thembu ethnic group was Wednesday due to start serving a 12 year prison sentence for arson, kidnapping and assault of his subjects.King Buyelekhaya Dalindyebo was expected to spend his first night in jail Wednesday after failing in his 11th-hour bid to evade incarceration by seeking a retrial or a presidential pardon.The controversial king was six years ago convicted of manslaughter, arson and assault charges for offences ...

World - Africa

Burundi president vows to fight African Union peacekeepers NAIROBI: Burundian President Pierre Nkurunziza said Wednesday he would fight proposed African Union peacekeepers if they set foot on Burundian soil, defying intense global pressure to accept the force."Everybody should respect the borders of Burundi. If the troops are in violation of this decision, they will have attacked Burundi, and each Burundian must stand up to fight them," Nkurunziza said in a speech broadcast on state radio."The country will have been attacked, and we will ...