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Friday, December 4, 2020

Business & Finance

Zuma hits back at critics over depreciating South African Rand

President Jacob Zuma is blaming everything from market overreaction to political intrigue in a public relations fightback against criticism that his leadership is undermining South Africa’s economy and denting the popularity of the ruling African National Congress.  In interviews...

No IMF programme needed for Nigeria: Christine Lagarde

Africa's biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group's head said on Tuesday. "Let me be very clear: I'm not here nor is...

Somalia housing boom as Mogadishu emerges from ashes of war

Somalia's elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world. But now new housing estates are being built amid...

MTN Nigeria allays fears of service disruption over $3.9bn fine

Telecommunications company MTN Nigeria has addressed fears of service disruption following the expiration of a deadline given it by Nigerian regulators to pay a $3.9bn fine. The Nigerian Communications Commission, NCC, had given MTN December 31st to pay the fine,...
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Hundreds of Ethiopian immigrants get warm welcome in Israel

Hundreds of Ethiopian immigrants on Thursday arrived to a festive ceremony at Israel’s international airport, as the government took...
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Tigray leader to Ethiopia’s PM; stop the madness

The fugitive leader of Ethiopia’s defiant Tigray region on Monday called on Prime Minister Abiy Ahmed to “stop the madness” and withdraw troops from...

Explosions hit 3 Malian cities amid jihadist attacks

The cities of Kidal, Gao and Menaka in northern Mali were hit by simultaneous attacks on Monday against military camps housing international forces, according...

Ethiopia: Leader of Tigray forces says fighting continues near Mekelle

The leader of Ethiopia’s rebellious northern forces has said he is still fighting close to the regional capital of Mekelle after it was captured...

Suicide bomber kills at least 7 at Mogadishu ice-cream shop

A suicide bomber blew himself up in an ice-cream parlour in the Somali capital Mogadishu on Friday, killing seven people and wounding eight, an...