DIRS.INFO The most relevant business & tech news

☆ West African nations mull troop contributions for possible Niger intervention
▼ + stars: | 2023-08-11 | by ( Boureima Balima | ) www.reuters.com time to read: +5 min

West African leaders gather for Economic Community of West African States (ECOWAS) Head of States and Government meeting in Abuja, Nigeria August 10, 2023. ECOWAS (the Economic Community of West African States) said all options were on the table and they still hoped for a peaceful resolution to the Niger crisis. Security analysts said an ECOWAS force could take weeks or longer to assemble, potentially leaving room for negotiations. Ivory Coast President Alassane Ouattara on Thursday promised to supply a battalion of troops to the standby force. The African Union welcomed ECOWAS' decision to activate a regional force and continue to seek a diplomatic solution.

Persons: Abraham Achirga, Mohamed Bazoum, Alassane Ouattara, Sering Modou, Ledgerhood Rennie, Ikemesit Effiong, Hama Moussa, Issa Seydou, Antony Blinken, Bazoum, They’ve, Pap, Ange Aboa, Alberto Dabo, Alphonso Toweh, Diadie, Edward McAllister, Anait Miridzhanian, Nellie Peyton, David Lewis, Ingrid Melander, Angus MacSwan Organizations: Economic Community, West African States, REUTERS, ECOWAS, Economic, West, Ivory, SBM Intelligence, African Union, Military, EU, Rights Watch, Thomson Locations: Abuja, Nigeria, NIAMEY, Niger, West, Central Africa, West African States, Ivory Coast, Ivorian, Senegal, Sahel, U.S, Niamey, Russia, France, United States, Mali, Burkina Faso, Banjul, Abidjan, Bissau, Monrivia, Diadie Ba, Dakar

☆ How ESPN's $2 billion sports-betting deal could set it up for a spinoff from Disney, according to industry insiders
▼ + stars: | 2023-08-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race. According to the American Gaming Association, sports betting grossed $7.5 billion in gaming revenue in 2022, up 75% from 2021.

Persons: Bob Iger, Jonathan Miller, Penn, Alex Ilosevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi

☆ Time running short for diplomacy as post-coup Niger talks stall
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +3 min

[1/4] General Abdourahmane Tiani, who was declared as the new head of state of Niger by leaders of a coup, arrives to meet with ministers in Niamey, Niger July 28, 2023. They said they were committed to finding solutions through diplomacy and negotiation, but did not give details. Mali and Burkina Faso had previously vowed to come to Niger's defence if the regional bloc intervened, saying they would consider that a declaration of war against them. ECOWAS has said that the use of force would be a last resort if the soldiers do not step down and free Bazoum. The bloc's defence chiefs have agreed on a possible military action plan, which heads of state are expected to consider at their summit in the Nigerian capital, Abuja.

Persons: Abdourahmane Tiani, Balima, juntas, Antony Blinken, Mohamed Bazoum, Bazoum, Bola Tinubu, Nellie Peyton, William Maclean Organizations: REUTERS, United, United Nations, Economic, West African States, ECOWAS, . Security, Security, Niger, Thomson Locations: Niger, Niamey, NIAMEY, United Nations, Mali, Burkina Faso, Republic of Mali, Malian, States, Abuja

☆ West Africa bloc pins hopes on Niger coup mediation ahead of summit
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] Members of a military council that staged a coup in Niger attend a rally at a stadium in Niamey, Niger, August 6, 2023. The Economic Community of West African States (ECOWAS) has scheduled the summit to discuss its standoff with the Niger junta, which seized power on July 26 and ignored an Aug. 6 deadline to stand down. In a sign of the United States' interest in the country, U.S. acting deputy secretary of state Victoria Nuland flew to Niamey on Monday. MILITARY ACTION PLANThe 15-nation ECOWAS bloc has taken a harder stance on the Niger coup than it did on other recent government overthrows. "It is fundamentally not in the interests of regional states."

Persons: Mahamadou, Mohamed Bazoum, Antony Blinken, Victoria Nuland, Bazoum, Ben Hunter, Alessandra Prentice, Nellie Peyton, Alexander Winning, Gareth Jones, Nick Macfie Organizations: REUTERS, West African States, French, RFI, ACTION, ECOWAS, Thomson Locations: Niger, Niamey, NIAMEY, West, Central Africa, United States, Europe, China, Russia, Africa

It has taken its hardest line yet with Niger, saying it had to show that it "cannot only bark but can bite". One of the demonstrators in Niamey held a placard that said: "Long live Niger, Russia, Mali and Burkina. France has between 1,000 and 1,500 troops in Niger, helping to fight an Islamist insurgency that has spread across the region. INTERVENTION PLANWest African defence chiefs meeting in Nigeria were due to conclude their discussions about possible intervention in Niger, although they have said this would be a last resort. The goal of the two-day meeting was to draw up a plan for an eventual military intervention to restore constitutional order, according to a statement from Ivory Coast's National Security Council.

Persons: General Abdourahamane Tiani, Mohamed Bazoum, Tiani, Ivory, Salifou Mody, Joe Biden, Nigeriens, Camillus Eboh, Thiam Ndiaga, Tiemoko Diallo, Ange Aboa, Alessandra Prentice, Nellie Peyton, Alexander Winning, Emelia, Nick Macfie, Giles Elgood Organizations: REUTERS, West, Economic, West African States, EU, Reuters, Ivory Coast's National Security Council, ECOWAS, juntas, Nigerien, Islamic, Thomson Locations: Niamey, Niger, Mali, Burkina Faso, NIAMEY, ABUJA, West, Central Africa, Russia, Burkina, Down, France, Nigeria, Nigerian, West Africa, Guinea, Bissau, al Qaeda, Islamic State, Paris

An aerial view of traffic on a street in the capital Niamey, Niger July 28, 2023. In a sign of this resistance to one-time allies, Niger on Thursday suspended broadcasts of French state-funded international news outlets France 24 and RFI - drawing condemnation from the French foreign ministry. One of the demonstrators in Niamey held a placard that said: "Long live Niger, Russia, Mali and Burkina. After their coups, Burkina Faso and Mali kicked out French troops, many of whom are now stationed in Niger. In Niger, there are signs that regional sanctions are starting to have an impact: Nigeria has cut power supplies to Niger, while Nigerien truckers have been stranded by border closures.

Persons: General Abdourahamane Tiani, Mohamed Bazoum, Tiani, crackdowns, Sall, Antony Blinken, it's, Allah, Sudip Kar, Gupta, Moussa Aksar, Camillus Eboh, Thiam, Tiemoko Diallo, Ange Aboa, Alessandra Prentice, Nellie Peyton, Alexander Winning, Emelia, Nick Macfie, Giles Elgood Organizations: REUTERS, Niger's, France, Economic, West African States, ECOWAS, Sunday, EU, National Assembly, Islamic, Niger, Reuters, West, Senegalese, U.S, United Nations, Nigerien, CFA, Thomson Locations: Niamey, Niger, Mali, Burkina Faso, NIAMEY, ABUJA, France, West, Central Africa, Russia, Burkina, Down, al Qaeda, Islamic State, Niger ., Nigeria, Senegal, Nigerian, China, Paris

☆ Niger junta says it will not back down despite 'inhumane' sanctions
▼ + stars: | 2023-08-02 | by ( Camillus Eboh | ) www.reuters.com time to read: +6 min

In a televised address, Abdourahamane Tiani said the junta "rejects these sanctions altogether and refuses to give into any threats, wherever they come from. Nigeria cut power supplies to Niger, a Niger state utility document showed on Wednesday, while truckers in Niamey were stranded by border closures - early signs of fallout from the bloc's sweeping sanctions that Tiani described as "illegal, unjust, and inhumane." "The task of restoring democratic governance in Niger is fraught with potential hurdles and complications," said General Christopher Musa, Nigeria's Chief of Defence and Chairman of the ECOWAS Defence Chiefs. In a further sign of the mounting pressure on the junta, the World Bank on Wednesday suspended disbursements to Niger until further notice. Niger is the world's seventh-biggest producer of uranium, the radioactive metal widely used for nuclear energy and treating cancer.

Persons: Mohamed Bazoum, Abdourahamane Tiani, Abdel, Fatau Musah, Christopher Musa, James, Bola Tinubu, Annalena Baerbock, Camillus Eboh, Felix Onuah, Christophe Van Der Perre, Ingrid Melander, Nellie Peyton, Alessandra Prentice, Alex Richardson, Nick Macfie, Grant McCool Organizations: Islamists, West African, West African States, ECOWAS, Political Affairs, Peace, Security, Defence, ECOWAS Defence Chiefs, REUTERS, British, World Bank, European Union, Islamic, Union, Thomson Locations: Niger, Abuja Niger, Islamists Mali, Burkina Faso, NIAMEY, ABUJA, West Africa, Mali, Guinea, Bissau, Nigerian, Abuja, Nigeria, Niamey, Nigeria's, Nigerien, disbursements, States, France, Italy, Paris, Rome, United States, Germany, al Qaeda, Islamic State

☆ West African bloc sends mission to Niger to negotiate with coup leaders
▼ + stars: | 2023-08-02 | by ( Camillus Eboh | ) www.reuters.com time to read: +5 min

Nigerien security forces prepare to disperse pro-junta demonstrators gathered outside the French embassy, in Niamey, the capital city of Niger July 30, 2023. The Economic Community of West African States (ECOWAS) has imposed sanctions on Niger and threatened to authorise the use of force if the coup leaders do not reinstate elected President Mohamed Bazoum within a week from last Sunday. "There is a need to demonstrate that we cannot only bark but can bite," he told reporters, as regional defence chiefs started a two-day meeting in the Nigerian capital Abuja. "The task of restoring democratic governance in Niger is fraught with potential hurdles and complications," said General Christopher Musa, Nigeria's Chief of Defence and Chairman of the ECOWAS Defence Chiefs. Niger is the world's seventh-biggest producer of uranium, the radioactive metal widely used for nuclear energy and treating cancer.

Persons: Mohamed Bazoum, Abdel, Fatau Musah, Abdulsalami Abubakar, Abubakar, Christopher Musa, Abdourahmane Tiani, Bazoum, James, Bola Tinubu, Annalena Baerbock, Charles, Camillus Eboh, Felix Onuah, Christophe Van Der Perre, Ingrid Melander, Nellie Peyton, Alex Richardson, Nick Macfie Organizations: REUTERS, Abuja Junta, Islamists, African, ECOWAS, West African States, Political Affairs, Peace, Security, Defence, ECOWAS Defence Chiefs, British, European Union, Reuters, Islamic, Union, Thomson Locations: Niamey, Niger, Abuja, Islamists Mali, Burkina Faso, NIAMEY, ABUJA, Nigerian, West Africa, Mali, Guinea, Bissau, Nigeria's, France, Italy, Paris, Rome, United States, Germany, al Qaeda, Islamic State

☆ Senegal suspends TikTok saying it was threatening stability
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

TikTok logo is seen in this illustration taken, June 2, 2023. REUTERS/Dado Ruvic/Illustration/File photoDAKAR, Aug 2 (Reuters) - Senegal has suspended access to social media app TikTok until further notice, the communications minister said on Wednesday, days after restricting the use of mobile internet amid opposition protests. The West African country has also restricted access to internet services since Monday, using a similar justification. The restrictions come after opposition leader Ousmane Sonko was charged with plotting an insurrection, criminal conspiracy and other offences. Reporting by Ngouda Dione; Writing by Nellie Peyton; editing by Jason Neely and Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Ousmane Sonko, Macky, Sonko, Ngouda Dione, Nellie Peyton, Jason Neely, Alexander Organizations: REUTERS, Thomson Locations: DAKAR, Senegal

PARIS, Aug 1 (Reuters) - France plans to evacuate hundreds of French and European citizens from Niger over the next 24 hours, its foreign minister said on Tuesday, days after a junta seized power in the west African country. She estimated that hundreds of French citizens and hundreds of citizens from other EU countries wanted to be evacuated. The United States, Germany, and Italy have troops in Niger on counter-insurgency and training missions. Colonna said France had talked with authorities in Niger to make sure the evacuation could proceed safely. A spokesperson for the EU Commission said EU utilities had sufficient inventories of natural uranium to mitigate any short-term supply risks.

Persons: Mohamed Bazoum, Catherine Colonna, France's, Colonna, France, DESTABILISATION, France's BFM, Yevgeny Prigozhin, Russia's Wagner, Orano, Bazoum, Michel Rose, Sudip Kar, Layli, Blandine Henault, Charlotte van Campenhout, Ingrid Melander, Nellie Peyton, Christina Fincher, Alex Richardson, Alexandra Hudson Organizations: Islamic, Kremlin, EU Commission, Nigerien, Regional, ECOWAS, Alexandra Hudson Our, Thomson Locations: France, Niger, West, Central Africa, Russia, Islamic State, al Qaeda, Sahel, Niger's, Niamey, Italy, United States, Germany, Russian, Burkina Faso, Mali, Guinea

It has yet to disburse a $131.5 million loan to Niger that was approved on July 5, it added. The interior minister, transport minister, and a deputy had already been detained, it added. The arrests confirm the "repressive and dictatorial" nature of the coup leaders, the party said in a statement, calling on citizens to come together to protect democracy. The arrests were announced a day after Chadian President Mahamat Idriss Deby arrived in Niger to try to mediate between the coup leaders and the ousted government. Yevgeny Prigozhin, the head of Russia's Wagner mercenary group, last week welcomed the coup in Niger, and said his forces were available to restore order.

Persons: Niger's, Mohamed Bazoum, Mahamane Sani Mahamadou, Issoufou Mahamadou, Mahamat Idriss Deby, Deby, Bazoum, Ursula von der Leyen, Emmanuel Macron, Abdourahamane Tiani, Yevgeny Prigozhin, Russia's Wagner, Antonio Tajani, Boureima Balima, Abdel, Kader Mazou, Anait Miridzhanian, Bate Felix, Nellie Peyton, Sofia Christensen, Alexander Winning, Bernadette Baum, Andrew Heavens, Nick Macfie Organizations: International Monetary Fund, IMF, CFA, West, African Union, European Union, Islamic, Junta, Nigerien Party for Democracy and, Chadian, ECOWAS, EU, REUTERS, Twitter, French Foreign Ministry, Paris, White, Thomson Locations: NIAMEY, Niger, West, Central Africa, United States, France, Islamic State, al Qaeda, EU, U.S, Nigerien, Niamey, Mali, Burkina Faso, Russia, Niger's

☆ Niger junta says toppled government authorised French strikes
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

NIAMEY, July 31 (Reuters) - The Niger military junta that seized power last week said on Monday that the toppled government had authorised France to carry out strikes at the presidency to try to free President Mohamed Bazoum. The comments were made by army Colonel Amadou Abdramane, one of the coup plotters, on state television. He said that the authorisation was signed by Niger foreign minister Hassoumi Massoudou, acting as prime minister. France, Niger's former colonial ruler, has condemned the coup and urged Bazoum to be reinstated but has not announced any intention to intervene militarily. The military junta, which seized power last week after blocking Bazoum inside his presidential palace, has previously warned against foreign attempts to extract Bazoum, saying it would result in bloodshed and chaos.

Persons: Mohamed Bazoum, Amadou Abdramane, Hassoumi Massoudou, Massoudou, Bazoum, Anait Miridzhanian, Nellie Peyton, Alexander Winning Organizations: Niger, Thomson Locations: NIAMEY, France

☆ Niger loses aid as Western countries condemn coup
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +3 min

Niger is one of the poorest countries in the world, receiving close to $2 billion a year in official development assistance, according to the World Bank. It is also a key security partner of Western countries such as France and the United States, which use it as a base for their efforts to contain an Islamist insurgency in West and Central Africa's Sahel region. Bazoum has not been heard from since early Thursday when he was confined within the presidential palace, although the European Union, France and others say they still recognize him as the legitimate president. Niger is a key partner of the European Union in helping curb the flow of irregular migrants from sub-Saharan Africa. The United States has two military bases in Niger with some 1,100 soldiers, and also provides hundreds of millions of dollars to the country in security and development aid.

Persons: Mohamed Bazoum, General Abdourahamane Tiani, Bazoum, Josep Borrell, Antony Blinken, Moussa Aksar, Kate Abnett, Nellie Peyton, Giles Elgood Organizations: REUTERS, European, World Bank, European Union, EU, United, United Nations, West African States, Security, Thomson Locations: Niamey, Niger, NIAMEY, United States, France, West, Central, EU, Saharan Africa, Antony Blinken ., Bazoum, Nigeria, Brussels

☆ Niger coup leaders dissolve govt, declare Tiani head of state
▼ + stars: | 2023-07-28 | by ( Moussa Aksar | ) www.reuters.com time to read: +4 min

NIAMEY, July 28 (Reuters) - Leaders of the coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday, and said they had suspended the constitution and dissolved all former institutions after overthrowing President Mohamed Bazoum. He represents the state of Niger in international relations," an officer said, reading out a statement. African countries, Western powers, regional and international organizations have reacted with alarm to the coup in Niger, insisting that Bazoum be freed and constitutional order restored. Niger borders three countries - Mali, Burkina Faso and Chad - that have also experienced military coups in the last two years. Niger so far has held them off better than Mali and Burkina Faso, where violence has only worsened since the military coups.

Persons: Abdourahamane Tiani, Mohamed Bazoum, Tiani, Bazoum, Josep Borrell, Kamala Harris, Boris Pistorius, Bate Felix, Anait, Nellie Peyton, John Stonestreet, Angus MacSwan, Nick Macfie Organizations: National Council, Bazoum, REUTERS, Islamic, West African States, European Union, United, European, EU, German, Spiegel, Thomson Locations: NIAMEY, Niger, Mali, Burkina Faso, Chad, France, Niamey, al Qaeda, Islamic State, West Africa's, Nigeria, Guinea, United States, Africa, EU, Germany, Italy

'ONLY HOPE' FOR STABILITY IN SAHELNiger became a democratic outlier in West Africa's Sahel region following military takeovers in neighbouring Mali, Burkina Faso and Chad since 2020. All four countries of the arid Sahel region, just south of the Sahara, are now run by military leaders after soldiers in Niger said on Wednesday night they had ousted President Mohamed Bazoum. France, which has had counter-insurgency troops in West Africa for a decade, has turned to Niger to base the bulk of its forces. Their role is solely to support Niger's army when local forces identify operations in the border regions connecting Mali, Niger and Burkina Faso. The European Union decided in December to set up a three-year military training mission in Niger, to which Germany contributes troops.

Persons: Mohamed Bazoum, juntas, Moussa Aksar, John Irish, Nellie Peyton, Bate Felix, Emelia Sithole, Leslie Adler Organizations: Islamic, National Assembly, REUTERS, European Union, DEMOCRATIC, Economic, West African States, ECOWAS, John, Thomson Locations: West Africa, Niger, Africa's Sahel, Mali, Burkina Faso, Chad, al Qaeda, Islamic State, Russia, France, United States, U.S, Russian, Niamey, ACLED, Germany, Italy, Guinea, Bissau, Guinea Bissau, Paris

☆ Rwandan forces crossed Congolese border, Congo's army says
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

GOMA, Democratic Republic of Congo, July 27 (Reuters) - Democratic Republic of Congo's army said Rwandan defense forces crossed the Congolese border on Thursday and attacked border security forces, potentially escalating tensions between the African neighbours. "The ensuing clashes enabled the Armed Forces of the Democratic Republic of the Congo (FARDC) to repel the Rwandan terrorists who had perpetrated this intolerable provocation," the statement said, adding that the authors of the attack retreated to Rwanda. A Rwandan government spokesperson did not immediately respond to a Reuters request for comment. Congo and Rwanda have been involved in a dispute since last year over the resurgence of the M23 rebel group, a militia active in eastern Congo which Kinshasa accuses Rwanda of backing. United Nations experts have also said they have evidence that Rwandan troops have fought alongside the M23 in eastern Congo and provided the rebels with weapons and supplies.

Persons: GOMA, Djaffar Al Katanty, Anait Miridzhanian, Nellie Peyton, Chris Reese, Sandra Maler Organizations: Democratic, Armed Forces, Rwandan, United Nations, Thomson Locations: Democratic Republic of Congo, Democratic Republic of, Rwandan, Congolese, Congo, Rwanda, Kinshasa

☆ The Horrible Performance Review That Set Him on the Road to CEO
▼ + stars: | 2023-07-22 | by ( Heather Haddon | Photographs Kevin Serna For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/john-peyton-dine-brands-ceo-pivot-profile-e301a792

Persons: Dow Jones, peyton

☆ Blind church band shows Nigeria there's 'ability in disability'
▼ + stars: | 2023-07-21 | by ( Kazeem Sanni | ) www.reuters.com time to read: +2 min

[1/5] Visually impaired pastor Chimaobi Nduka sings with the faithful during blind people's Sunday church service at Bethesda Home for the Blind in Lagos, Nigeria July 2, 2023. REUTERS/Seun SanniLAGOS, July 21 (Reuters) - Every Sunday, worshippers at Bethesda Home Church in Lagos sing and dance to popular hymns. But there's a twist: the drummers, guitarists, keyboard player and choir are all visually impaired. "When (people) start seeing the ability in them, they will believe in them," said Ohakwe, who runs an NGO for visually impaired people. "I want anybody out there, as a visually impaired person or a disabled person, to have in his mind that there is a lot you can still do if you believe in yourself."

Persons: Chimaobi Nduka, Seun Sanni, Chioma Ohakwe, Ohakwe, Nathaniel Ndukwe, Ogungbe Abiola, Abiola, Hereward Holland, Nellie Peyton, Alison Williams Organizations: Bethesda Home, Blind, REUTERS, Seun, Bethesda Home Church, World Bank, Fed, Thomson Locations: Lagos, Nigeria, Seun Sanni LAGOS, Bethesda

☆ Gambia 'advanced' in exploring legal action over toxic Indian cough syrup
▼ + stars: | 2023-07-21 | by ( Pap Saine | ) www.reuters.com time to read: +2 min

[1/2] Logo of the Maiden Pharmaceuticals Ltd. company is seen on a board outside their office in New Delhi, India, October 6, 2022. REUTERS/Anushree Fadnavis/File PhotoCompanies Maiden Pharmaceutical Ltd FollowBANJUL, July 21 (Reuters) - Gambia's government is "far advanced" in exploring avenues for potential legal action against Indian drugmaker Maiden Pharmaceuticals and a local distributor over toxic cough syrups believed to have killed dozens of children, it said on Friday. The small West African country has hired a U.S. law firm to explore legal action, the justice minister previously told Reuters. The Indian drugmaker Maiden Pharmaceuticals has denied wrongdoing, and the Indian government says that tests it conducted on the drugs showed they were not contaminated. The World Health Organization said last year that the India-made cough syrups contained lethal toxins ethylene glycol and diethylene glycol – commonly used in car brake fluid and other products not fit for human consumption.

Persons: Anushree, syrups, Pap, Nellie Peyton, Louise Heavens, Matthew Lewis Organizations: Maiden Pharmaceuticals Ltd, REUTERS, Maiden Pharmaceutical, Indian, Pharmaceuticals, Medicines Control Agency, MCA, Reuters, Atlantic Pharmaceuticals, Government of, World Health Organization, World Bank, Thomson Locations: New Delhi, India, BANJUL, Gambia, Government of India, Banjul

The South African Reserve Bank's (SARB) monetary policy committee (MPC) kept rates at 8.25% as inflation forecasts came in lower than previous ones and economic conditions improved. Kganyago said future rate decisions would continue to depend on economic data and risks to the inflation outlook. The bank expects inflation to fall back to the midpoint of the target range sustainably only by the third quarter of 2025. Jason Tuvey, deputy chief emerging markets economist at Capital Economics, said in a note that rate cuts were likely to materialise only early next year. "The split vote suggests that inflation concerns continue to linger and it is likely to take some time before a majority on the MPC are in favour of rate cuts," Tuvey said.

Persons: Lesetja Kganyago, Kganyago, Jason Tuvey, Tuvey, Kuben Naidoo, Nellie Peyton, Tannur Anders, Kopano, Anait Miridzhanian, Promit Mukherjee, Rachel Savage, Alexander Winning, Olivia Kumwenda, Frances Kerry Organizations: South, Reuters Graphics Reuters, Capital Economics, MPC, Thomson Locations: PRETORIA

☆ South Africa says Putin agreed not to attend BRICS summit
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

JOHANNESBURG, July 19 (Reuters) - Russian President Vladimir Putin will not attend the summit of the BRICS group of emerging economies in South Africa in August "by mutual agreement", South Africa's presidency said on Wednesday. Russia will instead be represented by its Foreign Minister Sergei Lavrov at the Johannesburg summit, alongside the leaders of Brazil, India, China and South Africa, the presidency said in a statement. South Africa faced a dilemma in hosting the summit because, as a member of the International Criminal Court (ICC), it would theoretically be required to arrest Putin for alleged war crimes if he were to attend. The ICC in March issued an arrest warrant for Putin, accusing him of the war crime of illegally deporting children from Ukraine. On Wednesday, the Kremlin said Russia did not tell South Africa that arresting Putin on an ICC arrest warrant would mean "war".

Persons: Vladimir Putin, Sergei Lavrov, Putin, Cyril Ramaphosa, Dmitry Peskov, Nellie Peyton, Anait, Alexander Winning, William Maclean Organizations: Criminal Court, ICC, South, African National Congress, Thomson Locations: JOHANNESBURG, South Africa, South, Russia, Johannesburg, Brazil, India, China, Ukraine, Moscow, Kremlin

☆ From pixels to pails, crowdfunded wells quench thirst in Senegal's drylands
▼ + stars: | 2023-07-19 | by ( Ngouda Dione | ) www.reuters.com time to read: +2 min

Water scarcity is so acute at this time of year that many communities face a dire choice: water your farms or quench you thirst. He turned to the internet, setting up crowdfunding campaigns where people can donate money to construct wells in communities lacking water. "In many villages, there were water problems, and this issue notably impacted on learning," said Diakhate, who previously worked in school construction. In a region pockmarked with wells in various states of disrepair, Diakhate hopes the internet can bring communities together to solve the problem of water scarcity. His group has built more than 50 wells this way since 2020, and nine more are under construction.

Persons: Ourou Amady, Mamadou Diakhate, Diakhate, Yoro Boubou Ba, Ngouda Dione, Cooper Inveen, Nellie Peyton, Christina Fincher Organizations: Workers, REUTERS, United Nations, Pepperdine University, Thomson Locations: Ourou, Podor, Senegal, PODOR, Senegal's, Dakar, Saharan Africa, Bagga

☆ IMF approves $189 mln payment to Zambia after first programme review
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, July 13 (Reuters) - The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first review of a $1.3 billion loan programme, the IMF said on Thursday. "Timely implementation of this agreement, together with agreements with private creditors on comparable terms, should restore Zambia's debt sustainability over the medium term," she added. Zambia was the first African country to default on its sovereign debt during the COVID-19 pandemic and faced lengthy delays in restructuring negotiations. The IMF said that Zambia's performance under the support programme had been strong, and that all quantitative performance criteria for the first review had been met. Reporting by Nellie Peyton Additional reporting by Anait Miridzhanian Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.

Persons: Africa's, Swift, Kristalina Georgieva, Nellie Peyton, Anait, Alexander Winning Organizations: Monetary Fund's, IMF, OCC, Thomson Locations: JOHANNESBURG, Zambia, China

☆ Boxing legend Mayweather attends political rally in Zimbabwe
▼ + stars: | 2023-07-13 | by ( Nyasha Chingono | ) www.reuters.com time to read: +2 min

[1/3] Former World Boxing Champion (WBC) Floyd Mayweather gestures to fans upon his arrival at Robert Gabriel Mugabe International Airport in Harare, Zimbabwe, July 13, 2023. One of President Emmerson Mnangagwa's closest allies, gold magnate Scott Sakupwanya, who is looking to reclaim a parliamentary seat from the opposition, said he had invited Mayweather. "I am happy to see Mayweather here in Zimbabwe, it is his first time to come here. I am registered to vote, and I am going to vote for President Emmerson Mnangagwa," 34-year-old White Marurame told Reuters. The youth vote is expected to be a crucial battlefield for the two main political parties, ZANU PF and the Citizens Coalition for Change (CCC).

Persons: Floyd Mayweather, Robert Gabriel Mugabe, Emmerson Mnangagwa's, Mayweather, Scott Sakupwanya, I, Sakupwanya, Emmerson Mnangagwa, White Marurame, Nyasha, Nellie Peyton, Frances Kerry Organizations: Boxing, Robert Gabriel Mugabe International, ZANU, ZANU PF, Reuters, Citizens Coalition, U.S ., Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo HARARE, Mabvuku, American

☆ Sierra Leone opposition calls for election chief to resign
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

Samura Kamara, head of the All People's Congress (APC) party, said he wanted the chief electoral commissioner and all regional commissioners of the national election body to be replaced by "an independent internationally accredited team". "The Sierra Leone People's Party (SLPP) is gravely concerned about the deliberate attempts by the All People's Congress to disrupt the peaceful elections and reverse the democratic gains Sierra Leone has made," it said in a statement on Thursday. Sierra Leone's chief electoral commissioner Mohamed Kenewui Konneh also rejected Kamara's accusations and said none of his team would resign. Kamara said that if the officials did not resign within 72 hours, the APC party would meet and "decide the next steps". On Tuesday, dozens of young people were arrested following opposition protests in several cities calling for the electoral commissioner to resign, local media reported.

Persons: Leone's, Samura Kamara, Kamara, Julius Maada, Bio's, Sierra, Mohamed Kenewui Konneh, Umaru Fofana, Cooper Inveen, Nellie Peyton, Alex Richardson Organizations: Congress, Reuters, Sierra Leone People's Party, All, Sierra, Sierra Leone's, Thomson Locations: FREETOWN, Sierra

Search resuls for: "peyton"

25 mentions found