Ghana and capital market operators agree on domestic debt exchange terms

ACCRA, Jan 27 (Reuters) – Ghana’s government and the Ghana Securities Industry Association (GSIA) have reached an understanding on the terms of participation by capital market operators in the country’s domestic debt exchange (DDE) programme, they said on Friday. Crisis-hit Ghana has to restructure its mountain of debt in order to access a relief package … Read more

The EU wants to send more people back to Africa, the Middle East, Asia

STOCKHOLM, Jan 26 (Reuters) – European Union migration ministers meet on Thursday to discuss visa restrictions and better coordination inside the bloc to be able to send more people with no right to asylum in Europe back to their home countries including Iraq. Three years after the 27-nation EU agreed to restrict visas for countries … Read more

Exclusive: WHO investigating links between cough syrup deaths, considers advice for parents

Jan 24 (Reuters) – The World Health Organization (WHO) is investigating whether there is any connection between manufacturers whose contaminated cough syrups it has linked to the deaths of more than 300 children in three countries, a person familiar with the matter told Reuters. Citing “unacceptable levels” of toxins in the products, the WHO is … Read more

WHO urges ‘immediate action’ after cough syrup deaths

LONDON, Jan 23 (Reuters) – The World Health Organization has called for “immediate and concerted action” to protect children from contaminated medicines after a spate of child deaths linked to cough syrups last year. In 2022, more than 300 children – mainly aged under 5 – in Gambia, Indonesia and Uzbekistan died of acute kidney … Read more

Catholic priest burned to death, another shot in northern Nigeria

Jan 15 (Reuters) – Gunmen burned a Catholic priest to death and shot and injured his colleague in northwest Nigeria on Sunday, police said, the latest violence raising concerns about security ahead of an election next month. Nigerians will vote for a new president on Feb. 25 but kidnappings for ransom and killings by armed … Read more

Gunmen kidnap 32 people from southern Nigeria train station

YENAGOA, NIGERIA, Jan 8 (Reuters) – Gunmen armed with AK-47 rifles have abducted more than 30 people from a train station in Nigeria’s southern Edo state, the governor’s office said on Sunday. The attack is the latest example of the growing insecurity that has spread to nearly every corner of Africa’s most populous country, posing … Read more

Putin sends new hypersonic cruise missiles to Atlantic

MOSCOW, Jan 4 (Reuters) – Russian President Vladimir Putin on Wednesday sent off a frigate towards the Atlantic and Indian oceans armed with new hypersonic Zircon cruise missiles which he said were unique in the world. In a video conference with Defense Minister Sergei Shoigu and Igor Krokhmal, commander of the frigate named “Admiral of … Read more

Ghana to default on most external debt as economic crisis worsens

Ghana suspends payments on Eurobonds, commercial loans Announcement a week after IMF staff-level agreement Eurobonds sink up to 3 cents in dollar ACCRA, Dec 19 (Reuters) – Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry … Read more

Biden says the US is ‘all in’ on Africa’s future

WASHINGTON, Dec 14 (Reuters) – President Joe Biden announced an agreement aimed at bolstering trade ties between the United States and Africa on Wednesday after years in which the continent took a back seat to other US priorities as China made inroads with investments and trade. “The United States is ‘all in’ on Africa’s future,” … Read more

OPEC+ keeps steady policy amid weakening economy, Russian oil cap

No discussions about Russian price cap – delegates Oil prices have come under pressure from the weak economy Next meetings to take place Feb. 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the … Read more