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South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand edges firmer in cautious early trade

South Africa’s rand edged firmer in tentative early trade on Wednesday, as investors weighed a surge in coronavirus infections in key global centres and more signs of a creaking local economy.
Nigeria Naira

Nigeria’s central bank ‘devalues’ Naira again

The Central Bank of Nigeria on Tuesday adjusted the value of the naira to exchange to the dollar at N381, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.
Liverpool manager Juergen Klopp reacts, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Paul Ellis-Pool via REUTERS

Jurgen Klopp: Dream is to have a team full of scousers

Liverpool manager Juergen Klopp says he was encouraged by the development of the club’s academy graduates and hopes to have an entire squad of homegrown talent at his disposal in the future.

South Sudan’s central bank cuts benchmark interest rate to 10%

South Sudan’s central bank said it cut its benchmark interest rate to 10% from 13%, as part of efforts to mitigate the effects of the coronavirus outbreak on the economy.

Angola agrees to comply fully with oil cuts after OPEC pressure – sources

Angola has agreed with OPEC to comply fully with a global pact on supply curbs and will compensate for previous overproduction by cutting more from July to September, two OPEC sources said.
Kenya Central Bank Governor Patrick Njoroge arrives for a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. REUTERS-Stringer

Kenya central bank to hold its rate-setting meeting on July 29

The Kenyan central bank’s Monetary Policy Committee will hold its next rate-setting meeting on July 29, the bank said on Tuesday.
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 reduces bond purchases to R5 billion in June

The South African central bank reduced its government bond purchases to 5 billion rand ($292.64 million) in June, half the monthly average, bringing its bond holdings to 35.9 billion rand, data showed on Tuesday.
John Dramani Mahama in a file photo. REUTERS-Luc Gnago

Ghana presidential candidate selects first female running mate for major party

Former Ghana President John Mahama said on Monday that he had chosen Jane Naana Opoku-Agyeman as his running mate for this year’s election, making her the first woman on a major Ghanaian party’s presidential ticket.

Amazon, Apple, Facebook, and Google CEOs to testify before antitrust panel on July 27

The chief executives of Amazon, Apple, Alphabet’s Google and Facebook will appear before a U.S. House of Representatives panel on July 27, the committee said in a statement on Monday.
Employees collect protective face masks from the production line at a factory as Morocco starts to increase their production following an outbreak of the coronavirus disease (COVID-19), in Casablanca, Morocco April 10, 2020. REUTERS-Youssef Boudlal

Morocco’s economy to contract 13.8% in Q2, 4.6% in Q3 – agency

Morocco’s economy is expected to contract by 13.8% in the second quarter under the impact of the coronavirus lockdown, the state planning agency said on Sunday.
Kenyan President Uhuru Kenyatta on Monday announced a “phased reopening” of the country, with the resumption of international flights from August 1 as well as the lifting of internal travel restrictions.

Kenya announces phased re-opening of the country from coronavirus lockdown

Kenya’s President Uhuru Kenyatta announced on Monday a phased re-opening of the country from a coronavirus-induced lockdown, lifting restrictions in and out of the capital Nairobi and the coastal city of Mombasa.
Barcelona's Antoine Griezmann celebrates scoring their third goal with Lionel Messi, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) REUTERS-Albert Gea

Barcelona outclass Villarreal after recent disappointments

Barcelona responded to a trying week by thrashing Villarreal 4-1 away to stay alive in the Liga title race, producing one of their best displays under coach Quique Setien.
Mercedes' Valtteri Bottas celebrates with champagne on the podium after winning the race, as F1 resumes following the outbreak of the coronavirus disease (COVID-19). Mark Thompson-Pool via REUTERS

Valtteri Bottas wins dramatic Austrian opener

Formula One came back with a bang on Sunday as Finland’s Valtteri Bottas won a dramatic Austrian season-opener for champions Mercedes in a race with only 11 finishers and no spectators.
Kenyan Airways planes are parked at the Jomo Kenyatta International Airport in Nairobi, Kenya, March 24, 2020. REUTERS-Baz Ratner-File Photo

Kenya Airways to lay off staff, reduce network and assets – chief

Kenya Airways will lay off an unspecified number of workers, reduce its network and also get rid of some assets due to the coronavirus crisis, its chief executive said in an internal memo reviewed by Reuters.
South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa rand up as risk appetite revives

Rising coronavirus infections in the United States have discouraged some investors from taking big positions in the currency market, but most remain focused on the growing likelihood that major economies will continue to recover.
Mercedes' Lewis Hamilton on the grid kneels wearing an anti-racism T-shirt before the race Mark Thompson-Pool via REUTERS

Lewis Hamilton, other F1 drivers take a knee in Austria

Six times world champion Lewis Hamilton and a majority of Formula One’s 20 drivers took a knee on the starting grid before Sunday’s season-opening Austrian Grand Prix.
Opposition Malawi Congress Party leader Lazarus Chakwera addresses supporters after a court annulled the May 2019 presidential vote that declared Peter Mutharika a winner, in Lilongwe, Malawi, February 4, 2020. REUTERS-Eldson Chagara-File Photo

Malawi’s election cheer dampened by coronavirus surge

Malawi’s new President Lazarus Chakwera on Saturday ordered his inauguration ceremony be scaled down amid a surge of coronavirus cases, dampening excitement around his election win.
Chelsea manager Frank Lampard reacts, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Michael Regan-Pool via REUTERS

Frank Lampard: Chelsea must get used to pressure in home stretch

Chelsea manager Frank Lampard said his team must embrace the pressure in their remaining Premier League matches as they look to secure a top-four finish and qualify for next season’s Champions League.

Recent Stories

Abike Dabiri-Erewa

UAE paid for tickets, test fees for Nigerian evacuees – NIDCOM chief

The United Arab Emirates authorities paid for the flight tickets and coronavirus testing for some Nigerians evacuated from the country on Wednesday, the head of the Nigeria in Diaspora Commission, Abike Dabiri-Erewa, has said .

PDP demands Ibrahim Magu’s prosecution for ‘fraud’

The Peoples Democratic Party has demanded the prosecution of the suspended Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, over alleged fraud.
Veteran Nigerian actor, Zack Orji, says he is saddened by the increasing rate of divorce in the country.

Zack Orji: No marriage is perfect

He said: “I believe that a lot of people go into marriage without being prepared to make the necessary sacrifice, so at the slightest provocation, they are ready to opt out and that is not the way it’s supposed to be. It’s supposed to be a union for life. For better for worse.”

Court declines to stop probe of Senator Okorocha by EFCC, Imo government

The Abuja Division of the Federal High Court, on Wednesday, declined a request by former governor of Imo State, Rochas Okorocha, for an interim injunction to stop the Economic and Financial Crimes Commission, EFCC, and panel of inquiry that was set up by the state government, from further investigating alleged financial infractions he committed while in office.

Nigerian government postpones 2020 WASSCE indefinitely

This was announced by the Minister of Education, Adamu Adamu, while speaking to State House Correspondents the weekly Federal Executive Council presided over by President Muhammadu Buhari on Wednesday.