Africa

 

Ghana central bank raises prime rate to 16 pct

ACCRA, May 22 - The Bank of Ghana's rate-setting committee raised its prime interest rate to 16 percent on Wednesday, from 15 percent, Central Bank Governor Henry Kofi Wampah said.

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Impoverished Malawi sells presidential jet for $15 million

LILONGWE - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday.

Impoverished Malawi sells presidential jet for $15 mln

LILONGWE, May 22 - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday.

Wal-Mart's S.Africa unit Massmart cautions on soft sales growth

JOHANNESBURG, May 22 - South Africa's Massmart Holdings said on Wednesday it expects lacklustre sales growth this year, as the unit of Wal-Mart Stores Inc battles with weak consumer demand in Africa's top economy.

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EU mission seeks to rebuild Mali army after U.S. faltered

KOULIKORO, Mali - Under a blazing sun and the critical gaze of British and Irish instructors, a line of 11 Malian soldiers lie prone in the dust firing AK-47 rounds at targets, one-by-one.

High-profile CEO of S.Africa's FirstRand retail bank to step down

JOHANNESBURG, May 22 - South African lender FirstRand said on Wednesday the high-profile head of its retail arm would step down at the end of this year to be replaced by one of his deputies.

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What's next for South Sudan?

Reuters is chronicling the first year in the life of South Sudan - and assessing the odds of whether it will flourish or fail.  Live Coverage | Slideshow 

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School 'superfood' project aims to curb malnutrition

School 'superfood' project aims to curb malnutrition

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