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  • Tue, 12 Nov 2019 10:56

    Exclusive: Kenya's lending cap repeal removes hurdle to rate cut - cenbank governor

    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”.

  • Tue, 12 Nov 2019 10:53

    South Africa's Telkom in deal talks despite plunging profit

    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.

  • Tue, 12 Nov 2019 10:50

    Visa to acquire stake in Nigeria's Interswitch

    LAGOS - Visa Inc (V.N) plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said on Tuesday.

  • Tue, 12 Nov 2019 10:45

    Two die during heavy rains in South Africa

    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.

  • Tue, 12 Nov 2019 10:39

    Zimbabweans get new banknotes, but angered by withdrawal limits

    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.

  • Tue, 12 Nov 2019 10:32

    Uganda mulls e-commerce taxation

    KAMPALA -- Uganda's tax body said Monday that it has started to add online business enterprises into the tax bracket.

  • Tue, 12 Nov 2019 10:30

    UN welcomes extention of pre-transitional period in S.Sudan

    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.

  • Mon, 11 Nov 2019 09:35

    'So many dead': Survivors describe terrifying Burkina Faso ambush

    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.

  • Mon, 11 Nov 2019 09:32

    Guinea-Bissau newly appointed PM resigns under pressure from Ecowas

    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.