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Search resuls for: "Ngouda Dione"


8 mentions found


☆ Visits to Zambia by Yellen, IMF reflect concern over stalled debt talks
  + stars: | 2023-01-23 | by ( Andrea Shalal | ) www.reuters.com   time to read: +4 min
Frustrated by the delays, U.S. Treasury Secretary Janet Yellen and International Monetary Fund Managing Director Kristalina Georgieva arrived for separate visits in Zambia on Sunday. Both see a new sovereign debt roundtable - introduced late last year - as a way to make progress on long-stalled debt restructuring processes. Yellen told Reuters en route to Zambia she supported the roundtable as a forum for discussing general principles of debt relief. Yellen, however, noted rates were nowhere near those seen under Volcker and inflation was not out of control. "We're in a higher interest rate environment, and that's something that's linked to the strong dollar, and weaker currencies for many emerging markets, but also Japan and other countries," Yellen said.
☆ Yellen says critically important to restructure Zambia debt
  + stars: | 2023-01-23 | by ( Andrea Shalal | ) www.reuters.com   time to read: +2 min
[1/2] U.S. Treasury Secretary Janet Yellen gives a speech after she visited the House of Slaves (Maison des Esclaves) at Goree Island off the coast of Dakar, Senegal January 21, 2023. REUTERS/Ngouda DioneLUSAKA, Jan 23 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure Zambia's debt, and she believed progress could be made after her frank talks with key creditor China last week. Yellen added that Zambia's debt overhang was a drag on its whole economy and that China had been a barrier to reaching a resolution on the southern African country's debt problem. "I specifically raised the issue with Zambia (with Chinese officials) and asked for their cooperation in trying to reach a speedy resolution. She said it was also critically important for Zambia to address corruption and human rights, and create a business environment that would promote investments and trade.
☆ Yellen says setting price caps on Russian refined oil products 'complicated'
  + stars: | 2023-01-21 | by ( Andrea Shalal | ) www.reuters.com   time to read: +2 min
REUTERS/Ngouda DioneDAKAR, Jan 21 (Reuters) - Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are complicated and there is a chance things do not go to plan, Treasury Secretary Janet Yellen said. Group of Seven countries and Australia implemented a price cap on Russian oil Dec. 5, banning the use of Western-supplied maritime insurance, finance and other services for cargoes priced above $60 per barrel. Yellen said setting the new price caps had proven "more complicated" than for crude, given the range of different refined products and price structures, and the importance of ensuring continued supplies of Russian diesel to the market. "It's more complicated, but we've been working hard to figure out how to achieve the same objectives," as with the broader cap on Russian crude, she said. While the first oil price cap only took effect on Dec. 5, it had proven successful thus far, Yellen said, citing a drop in the price that Russia was getting for crude oil.
☆ Yellen, at former slave port, sees path of renewal for Africa and U.S.
  + stars: | 2023-01-21 | by ( Andrea Shalal | ) www.reuters.com   time to read: +2 min
REUTERS/Ngouda DioneGOREE ISLAND, Senegal, Jan 21 (Reuters) - U.S. Treasury Secretary Janet Yellen on Saturday spoke of the "unspeakable cruelty" and enduring consequences of the trans-Atlantic slave trade, but said she was heartened by signs of progress and renewal in both the United States and Africa. "Ultimately, Gorée Island reminds us that the histories of Africa and America are intimately connected," Yellen said after touring the island. Goree's mayor Augustin Senghor presented Yellen with a certificate appointing her as a lifetime ambassador of the island's history. "With remembrance, I believe, can come progress and renewal," Yellen said, highlighting what she called "signs of vibrant life around Gorée — a prominent art scene, a place of education, and thousands who call this place home." Reporting by Andrea Shalal; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
☆ Stars flock to Dakar for All-Africa Music Awards
  + stars: | 2023-01-15 | by ( ) www.reuters.com   time to read: +2 min
DAKAR, Jan 15 (Reuters) - Musical heavyweights gathered in Dakar, Senegal on Sunday for the eighth All-Africa Music Awards (AFRIMA) that aim to celebrate and promote the continent's best veteran and cutting-edge musicians. Globally recognised stars including Senegalese maestro Youssou Ndour, and Nigerian artists P-Square and Tiwa Savage are among those set to perform during the main awards ceremony at the 15,000-seat Dakar stadium. Companies are cashing in on rising global interest in African music. Last June, Universal Music Group (UMG.AS) launched a label for independent African labels and artists, while music streaming platforms, including Spotify (SPOT.N), have sought to expand their offerings by African artists. Reporting by Bate Felix and Ngouda Dione Writing by Alessandra Prentice Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.
☆ Air traffic controllers suspend strike in West and Central Africa
  + stars: | 2022-09-24 | by ( Ngouda Dione | ) www.reuters.com   time to read: +3 min
DAKAR, Sept 24 (Reuters) - A 48-hour strike by air traffic controllers in West and Central Africa has been suspended, their union said on Saturday. The strike, which started on Friday, has disrupted flights across the region and left hundreds of passengers stranded at airports on Saturday. The Union of Air Traffic Controllers' Unions (USYCAA), which called the wildcat strike, said in a statement it decided to suspend its strike notice for 10 days immediately so as to allow for negotiations. The union said more than 700 air traffic controllers joined the strike to demand better working and pay conditions. The controllers work under the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA) an 18-member state agency that manages air traffic over an area covering 16 million square km of airspace.
☆ Air traffic control strike disrupts flights across West Africa
  + stars: | 2022-09-24 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterDAKAR, Sept 24 (Reuters) - Dozens of flights were cancelled across West and Central Africa on Saturday as a strike by regional air traffic controllers entered a second day, leaving hundreds of passengers stranded at airports. The 48-hour strike was called by a union representing workers of the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA), which regulates air-traffic control in 18 countries. The air traffic controllers, who have threatened to prolong the strike if their demands are not met, are seeking better working and pay conditions. "In spite of the prohibition of the strike by all the courts ... the Union of Air Traffic Controllers' Unions (USYCAA) has launched a wildcat strike," ASECNA said on Friday. National carrier Camair-Co said on Friday it had cancelled all its flights due to the strike.
☆ Some West African air traffic controllers go on strike as union defies ban
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +2 min
ASECNA had said on Thursday that some of its air traffic control staff had threatened a 48-hour strike that could impact flights. read moreRegister now for FREE unlimited access to Reuters.com Register"In spite of the prohibition of the strike by all the courts, and in spite of the orders of requisition of the air traffic controllers ... the Union of Air Traffic Controllers' Unions (USYCAA) has launched a wildcat strike," ASECNA said on Friday. Paul Francois Gomis, a leader of Senegalese air traffic controllers who were on strike, said that some union members in Cameroon, Congo and the Comoros had been arrested for participating in the strike. Gomis also said that Air Senegal had grounded several flights as a result of the action. On Thursday, a court in Senegal suspended the call to strike by air traffic controllers in Senegal and Ivory Coast, ASECNA said.
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