SINGAPORE - Kenya’s scrapping of a cap on banks’ lending rates has removed one of the concerns the central bank had about cutting interest rates, its governor said on Tuesday, adding that monetary policy direction was “clear”.
JOHANNESBURG - South Africa’s Telkom SA (TKGJ.J) said on Tuesday it was in discussions over a potential acquisition even as a spike in debt costs pushed half-year profits down by more than a third.
LAGOS - Visa Inc (V.N) plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said on Tuesday.
JOHANNESBURG - Two people have died amid downpours in an eastern province of South Africa brought down their house, a few months after many were killed in another torrential rain.
HARARE - Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $20, frustrating many customers.
KAMPALA -- Uganda's tax body said Monday that it has started to add online business enterprises into the tax bracket.
UNITED NATIONS -- The UN chief on Monday welcomed the decision by an eastern African bloc to extend the pre-transitional period for an additional 100 days for South Sudan to form a national unity government.
OUAGADOUGOU (Reuters) - A mine worker shot during an ambush on a mining convoy in Burkina Faso said on Friday he was one of only three survivors from a bus with up to 80 people aboard, suggesting the death toll may be much higher than officially reported.
BISSAU (Reuters) - Guinea-Bissau’s newly appointed Prime Minister Faustino Fudut Imbali handed in his resignation on Friday after an ultimatum was given by West African regional bloc ECOWAS, the president said.