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The First Lady of Lesotho has been charged with murdering the prime minister's previous wife.
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JOHANNSBURG. – A lack of proper evidence showing why Jacob Zuma did not attend his corruption matter led to a warrant of arrest issued against the embattled former head of state. The warrant has been stayed until May 6 when Zuma is expected to appear again. In delivering her decision on Zuma’s absence, Judge Dhaya […]
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President Uhuru Kenyatta announced his death, saying the nation had lost a "great man".
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The Chinese government has urged its citizens visiting coronavirus hotspots like Wuhan in Hubei province to suspend travelling to Zimbabwe until the epidemic is contained.
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JOHANNESBURG. — President Cyril Ramaphosa has identified the ‘‘intractable conflicts’’ in Libya and South Sudan as a focus for South Africa when it will be chairing the African Union (AU) this year. He said these conflicts ‘‘need the intervention of those who are able to assist African countries to find solutions’’, adding ‘‘in some cases […]
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The Euro-South African Rand (EUR/ZAR) exchange edged higher today, with the pairing currently trading around R16,087 as rising concerns over the South African Government’s tax and spending plans for 2020-2021 are rising, with further guidance for the nation’s economy essential to the nation’s domestic fiscal policy going forward. Anezka Christovova, an analyst at JP Morgan, […]
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JOHANNESBURG. – I’m aware of the lively, diverse and at times emotional debate in the global media and on social media relating to my remarks to President Donald Trump at the dinner in Davos during the World Economic Forum. The debate also exposed me to the views of Africans who disagreed with my remarks. I […]
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LAGOS. – Nigeria’s business capital Lagos will ban commercial motorcycles from many areas of the city, citing overcrowding and safety, authorities said on Monday, a move that could change the commute for thousands and threaten ride-hailing start-ups. The Lagos state government announced on Twitter that it would ban motorcycles, commonly known as okadas, from operating […]
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ABIDJAN. – Farmers in Ivory Coast’s cocoa regions said yesterday more rain was needed to boost the April-to-September mid-crop following hot, dry weather last week and only patchy rainfall before that. Ivory Coast, the world’s top cocoa producer, is in its dry season, which runs from November to March, when rain tends to be scarce […]
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NAIROBI. – Swarms of hungry locusts are devouring crops in Eastern Africa, the worst invasion of the insects in decades. The outbreak of desert locusts is the worst that Kenya has seen in 70 years, according to the Associated Press. The insects have been pouring into the country from Ethiopia and Somalia, leaving behind destroyed […]
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LUANDA. – Angola’s chief prosecutor last Friday said funds that Isabel dos Santos, who is accused of stealing millions of dollars from state companies, invested in Portugal had been embezzled from her home country. “Angola believes that the money used for business conducted by Isabel dos Santos in Portugal left Angola by illicit means,” Helder […]
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Woolworths has blamed slower sales on load shedding and unseasonal weather. Yesterday morning Woolworths released a trading update for the 26 weeks to December 29, and warned that its headline earnings will drop by between 15 percent to 20 percent when it releases its full results next month. This is despite an 8 percent increase […]
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Talks to salvage a tentative $1,7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.
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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Friday foreclosed the possibility of devaluing the naira, saying it has sufficient foreign reserves to meet all its obligations without recourse to hurting Nigeria’s currency. CBN Governor, Godwin Emefiele who made the disclosure at the 271st MPC meeting and first one in […]
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Kenya should consider slowing its borrowing for President Uhuru Kenyatta’s key legacy projects to pave the way for sustained growth, said the World Bank’s chief economist. Kenyatta’s “Big Four,” a plan to boost manufacturing, farming, health care and low-cost housing, has put pressure on the treasury to hike spending even as it struggles to grow […]