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Catherine Evans

Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.

Uganda central bank sets up new window for lending to banks

Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.

Nigeria’s $1.5 billion World Bank loan delayed over reforms – sources

The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three sources familiar with the talks told Reuters.
Emergency vehicles are seen at a cordoned off area near the site of a blast at the Elite Hotel in Lido beach in Mogadishu, Somalia August 16, 2020. REUTERS-Feisal Omar

At least seven dead after gunmen attack Mogadishu hotel

Militants stormed a high-end seaside hotel in Mogadishu on Sunday, killing at least seven people and wounding more than 20 as they detonated a car bomb then opened fire with assault rifles in the latest attack in the Somali capital.
Basel Roger Federer

Roger Federer backed sports shoe maker On preparing for IPO, Swiss paper says

Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported.
Tourists ride a cart in front of the Great Pyramid of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt July 1, 2020. REUTERS-Mohamed Abd El Ghany

Pandemic costs Africa travel, tourism almost $55 billion

African countries have lost almost $55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday.
A Senegalese army doctor examines a local resident at the army field hospital, amid the outbreak of the coronavirus disease (COVID-19) in Touba, Senegal May 1, 2020. REUTERS-Zohra Bensemra

WHO sees “potentially positive data” on coronavirus treatments

The World Health Organization said on Tuesday that some treatments appear to be limiting the severity or length of the COVID-19 disease and that it was focusing on learning more about four or five of the most promising ones.
Mine workers are seen under ground at the end of their shift at Cullinan mine, near Pretoria, South Africa, February 1, 2019. REUTERS-Siphiwe Sibeko-File Photo

Coronavirus lockdown pushes South African PMI to record low in April

South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
Kenya's acting Finance Minister Ukur Yatani speaks during a budget planning meeting in Nairobi, Kenya September 12, 2019. REUTERS-Njeri Mwangi

Kenya’s economic growth slowed to 5.4% in 2019 – minister

Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

Nigeria oil export plans delayed as output cut talks continue

Nigeria’s state oil company has delayed publishing its future oil export plans as it negotiates with local companies and international majors on who will rein in output in line with an production cut deal by top producers, trading sources said.
The Monetary Policy Committee (MPC) of the South African Reserve Bank decided to cut the repo rate by 100 basis points. This takes the repo rate to 4.25 per cent per annum, the bank said in a statement.

South African central bank delivers surprise rate cut and signals more to come

South Africa’s central bank cut lending rates to record lows on Tuesday following an unscheduled meeting of its policy committee in response to the economic turmoil wrought by the coronavirus outbreak.

South Africa may approach the IMF for “health funding”

South Africa may approach the International Monetary Fund and World Bank for funding to fight the coronavirus that threatens to drag the country’s economy deeper into recession, Finance Minister Tito Mboweni said in the Sunday Times newspaper.
Major General Shafie Abdel Halim Dawoud “died while fighting the coronavirus”, state television said, without giving any details. State media announced on Sunday that Major General Khaled Shaltout had died for the same reason.

Second Egyptian military official dies of coronavirus

A senior Egyptian military official died on Monday from coronavirus, state newspaper Al-Ahram said, a day after state media announced the death of another senior military official.

Recent Stories

#EndSARS: Troops take over Oyigbo as fresh mob attacks hit Rivers

Troops of the Nigerian Army and the policemen have taken over the Oyigbo Local Government Area in Rivers State following fresh mob attacks in the area.
According to a statement by the Chairman of the League, Mr Banji Ogundele, the burning down of Vintage Press Ltd, publishers of The Nation, was condemnable and unacceptable.

#EndSARS: Oyo veteran journalists condemn attacks on media houses

The League of Veteran Journalists, Oyo State Chapter, has condemned the burning down and destruction of media houses in Lagos, by fifth columnists that infiltrated the ranks of the #EndSars protesters.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

#EndSARS: Over 17 police stations burnt in Lagos – official

The police in Lagos, on Friday, warned that the burning of several police stations across the state will lead to retrogression and a waste of money that could have been deployed to other projects.
Real Madrid manager Zinedine Zidane could be sacked by the club if results do not improve over their next two fixtures, according to French publication L’Equipe.

Zinedine Zidane has two games to save his Real Madrid job

Real Madrid manager Zinedine Zidane could be sacked by the club if results do not improve over their next two fixtures, according to French publication L’Equipe.
Chelsea goalkeeper Edouard Mendy admits he almost quit the game after being released by French Third Division Cherbourg.

Edouard Mendy: I almost quit football; I hesitated to return

Chelsea goalkeeper Edouard Mendy admits he almost quit the game after being released by French Third Division Cherbourg.