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Last update: Mon, 23 Jan 2017 09am

Africa

World - Africa

Nigeria's Buhari asks parliament to approve $30bn of borrowing ABUJA: Nigerian President Muhammadu Buhari has asked parliament to approve plans to borrow $30 billion abroad to fund infrastructure plans until 2018, according to a letter read out on Tuesday in the assembly. Nigeria, an OPEC member, slipped into recession for the first time in more than 20 years in the second quarter largely due to low global oil prices. Crude oil sales account for about two-thirds of government revenue. The borrowing plans included the sale of Eurobonds worth $4.5 billion and a planned budget support of $3.5 billion, according to the letter from Buhari."The projects cut across all sectors with special emphasis on infrastructure, agriculture, health, education, water supply, growth and employment generation, poverty reduction," said the letter read out in both chambers by the Senate President and House of Representatives speaker. "It has become necessary to resort to prudent external borrowing to bridge the financing gap," Buhari said ...

World - Africa

Kenya commutes sentences of over 2,700 on death row NAIROBI: Kenyan President Uhuru Kenyatta on Monday commuted the sentences of 2,747 death row inmates, who will now serve life in prison.Kenyatta signed documents commuting the sentences during a ceremony at his official residence and also pardoned 102 convicts who were serving long jail terms.Amnesty International welcomed the move, and urged Kenya to officially abolish the death sentence. Kenya has not carried out an execution since 1987"The decision to commute death sentences brings Kenya closer ...

World - Africa

Three killed in anti-UN unrest in Central African Republic: Red Cross BANGUI: Three people were killed and six wounded in Central African Republic on Monday when UN peacekeepers exchanged fire with armed men during a protest against the UN military presence, the local Red Cross said. The dead and wounded were among hundreds of protesters gathered to call for the UN troops to leave the country, Antoine Mbao-Bogo, president of the CAR Red Cross, said. A UN spokesman said at least four peacekeepers had been wounded. ...

World - Africa

Business plea for Gordhan echoes rifts in South Africa's ANC JOHANNESBURG: At least 80 heads of top South African firms including Anglo American, Barclays Africa Group and Naspers want fraud charges against Finance Minister Pravin Gordhan to be dropped. The top executives of mostly-listed firms in Africa's most industrialised country - ranging from mining, media, retail and banking - said in a newspaper advertisement on Sunday that political wrangling was damaging an already stalling economy at a time the country faced a sovereign credit downgrade. ...

World - Africa

South African police block student march to Zuma's office PRETORIA: South African police on Thursday fired stun grenades to disperse several hundred students who attempted to march to President Jacob Zuma's offices in the capital Pretoria to protest against tuition fees.The students had planned to deliver a list of demands to Zuma's office at the Union Buildings in the latest stage of weeks of often violent demonstrations.But police in riot gear prevented about 500 students from approaching the buildings, with some protesters trying to ...

World - Africa

Nigeria's Buhari says will ‘redouble’ efforts to bring back rest of Chibok girls ABUJA: Nigeria will double down in its efforts to bring home the rest of the more than 200 girls kidnapped by Boko Haram in the northeastern town of Chibok in 2014, President Muhammadu Buhari said on Wednesday. "We shall redouble our efforts to bring the rest back home," Buhari said while meeting 21 Chibok girls which were released by Boko Haram last week after talks with the government brokered by Switzerland and the International Red ...

World - Africa

South Africa's anti-graft watchdog to keep Zuma report until court case heard CAPE TOWN: The new head of South Africa's anti-graft watchdog said on Wednesday she would not release a report on allegations of political interference by President Jacob Zuma's allies pending completion of a court case on the matter. The court will on Nov. 1 hear an application by Zuma that the report be held back because he has not had the chance to question witnesses and review any evidence that implicated him.Three Indian-born businessmen -- ...