Africa

 

Advocacy groups urge new US envoy to push Congo governance

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KINSHASA - More than a dozen advocacy groups urged the first U.S. special representative to Africa's war-torn Great Lakes region on Wednesday to push for democracy and good governance in the Democratic Republic of Congo.

Recent Africa News

UPDATE 1-Kenyan shares snap eight-session slide, shilling firms

* Treasury assures investors on plans to tax capital gains * Shilling seen weakening on importers' dollar orders (Adds markets close, stocks) By Kevin Mwanza NAIROBI, June 19 - Kenyan shares halted an eight-session slide and the shilling rose after the government allayed concerns that plans to re-introduce a tax on capital gains would dull the appeal of equities and other asset classes. The main NSE-20 share index rose 0.1 percent on Wednesday to 4,705.19 points, havi

Cameroon cocoa grinders' purchases up 2 pct by end-May

YAOUNDE, June 19 - Cameroon's cocoa grinders' purchases rose 2 percent to 29,205 tonnes by the end of May since the start of the 2012/13 season in August compared with last season, data from the National Cocoa and Coffee Board (NCCB) showed Wednesday.

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Local, global trends boost Gulf banks as foreign rivals retrench

ABU DHABI/DUBAI - When British banker Michael Tomalin took the top job at National Bank of Abu Dhabi in 1999, the lender had about $9 billion in assets - tiny by global standards - and its operations were largely confined to the oil-rich emirate of Abu Dhabi.

Mozambique's Renamo threatens to paralyze vital coal railway

MAPUTO - The Renamo opposition party, a former guerrilla organization, threatened on Wednesday to paralyze the only railway line out of Mozambique's vast coalfields in an effort to hurt the government.

South African arms firm says two staff killed in Somalia attack

JOHANNESBURG - South African state weapons firm Denel said two of its staff were killed in an attack on Wednesday on the United Nations compound in the Somali capital Mogadishu.