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South Sudan: Riek Machar rebels say they Captured town bordering Uganda, and killed 14 SPLA Soldiers
South Sudanese rebels said they had taken control of a town on the Ugandan border and killed 14 soldiers...
Rwanda’s Kagame Is First African Leader to Address AIPAC, America’s Jewish lobby
Rwanda’s President Paul Kagame hailed Rwanda-Israel friendship Sunday in an address to the American Israel Public Affairs Committee (AIPAC)...
Tanzanian John Pombe Magufuli sacks information minister, Warns Journalists
Tanzania’s President John Magufuli sacked the country’s information minister on Thursday, the first cabinet change since taking office in...
Nigerian Minister denies claims he helped MTN illegally transfer 14 Billion Dollars
Nigeria’s minister for industry, trade and investment dismissed accusations on Thursday that he was involved in an alleged illegal transfer of $13.92 billion by South African telecoms giant MTN. A parliamentary motion named Okechukwu Enelamah earlier this week, saying MTN had used him and others to move the money... Read more
Nigerian lawmakers to probe Africa’s biggest Telecom company over $13.9 billion dollar Cash Transfers
Lawmakers in the upper house of Nigeria’s parliament agreed on Tuesday to investigate an allegation that South Africa’s MTN, Africa’s biggest telecoms company, illegally transferred $13.92 billion out of the West African country. MTN declined to comment on the decision of the Senate in Nigeria which, with 62 million... Read more
Ex-Barclays chief Bob Diamond and Ashish Thakkar still interested in Buying Barclays Africa
A consortium including former Barclays chief Bob Diamond and his Ugandan partner Ashish Thakkar remain in the hunt to buy a stake in the British lender’s African business, sources with knowledge of the matter said on Tuesday, despite the withdrawal of Carlyle Group. Diamond and thakkar are looking to... Read more
S.African finance minister says whether he stays in job is up to Zuma
South African Finance Minister Pravin Gordhan, who is facing an investigation by police that the opposition has called a “witch-hunt”, said on Thursday that whether he remained in office was up to President Jacob Zuma. Gordhan, who was responding to a question at an event in Cape Town, said... Read more
Tanzania urges delay to regional trade deal with EU, says won’t sign
Tanzania said on Wednesday it would not sign a regional trade deal with the European Union due to come into effect by Oct. 1, and urged neighbouring countries to back a delay pending discussions on its effect on the region’s manufacturing sector. Kenya and Rwanda signed the deal earlier... Read more
Nigeria’s trade deficit narrowed in Q2 helped by naira float
Nigeria’s trade deficit narrowed in the second quarter boosted by a currency float in June lifting exports, the national bureau of statistics said on Tuesday, but the rise was not enough to help the economy avoid a recession. Africa’s largest economy entered a recession in the second quarter, after... Read more
Kenyan lawmakers reject proposal to raise bank capital requirements
Kenya’s parliament has voted down a proposal by the finance ministry to increase commercial banks’ core capital from 1 billion to 5 billion shillings ($49.38 million), a newspaper reported on Thursday. It will be the second time in as many years that parliament has rejected the plan, having thrown... Read more
Uganda’s gov’t awards 8 production licences to Tullow Oil, Total
Uganda has granted eight production licenses to France’s Total and UK-listed explorer Tullow Oil. Three of the licenses were issued to Total while five went  to Tullow. This clears a major hurdle as the east African country seeks to move faster toward commencing production. Commercial crude reserves were discovered... Read more
IMF forecasts Senegal’s GDP growth above 6 percent
Senegal’s economy is healthy and GDP should grow more than 6 percent this year and next, while its budget deficit will fall from a projected 4.2 percent of GDP this year to 3.7 percent in 2017, the International Monetary Fund said on Tuesday. The economy of the West African... Read more
Japan pledges 30 billion dollars for Africa over next three years
Japanese Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development, education and healthcare expansion in the continent. Resource-poor Japan has long been interested in tapping Africa’s vast natural resources, even more so since dependence... Read more