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Tanzania central bank to reduce liquidity to tackle inflation

Reuters News DAR ES SALAAM – Tanzania’s central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country, a statement from the bank’s monetary policy committee (MPC) published on Saturday said. “In the context of … high inflation and commodity prices, which has contributed to…

health

Congo declares end of latest Ebola outbreak in east

Reuters Democratic Republic of Congo has declared the end of its latest Ebola virus outbreak in the eastern province of North Kivu, Health Minister Jean-Jacques Mbungani Mbanda said in a statement on Tuesday. The fifteenth outbreak in the central African country emerged when a new case of the deadly virus was confirmed in the eastern city…

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Kenya’s ‘Marathon King’ Inspires Runners After Beating World Record

Mariama Diallo Kenyan marathon runner Eliud Kipchoge is spurring young athletes to follow in his footsteps after breaking his own world record Sunday in Berlin. Cheers erupted from the crowd Sunday at Nairobi’s Karura Forest as they watched Kipchoge race on TV. The watch party followed an amateur marathon organized by the Friends of Karura…

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Modest rate hikes seen for Nigeria, Kenya; Ghana to hold

By Vuyani Ndaba Nigeria and Kenya are likely to hike interest rates by a modest 50 basis points in the coming days after months of heavy lifting from other African central banks to try to calm rampant inflation, a Reuters poll found, while Ghana will hold fire. This week’s benchmark interest rate decisions remain a very…

businessAfrica

Ghana records 4.8 percent GDP growth in Q2

By XINHUA Ghana recorded a 4.8 percent expansion in its Gross Domestic Product (GDP) during the second quarter (Q2) this year, according to data released by the Ghana Statistical Service. Samuel Kobina Annim, the government statistician, during a press conference on Tuesday said services overtook agriculture to lead growth with a growth rate of 5.2 percent….

health

Tanzania issues alert over Ebola after new outbreak reported in Uganda

By Halligan Agade Tanzanian health authorities on Wednesday issued an alert over Ebola, a day after authorities in Uganda declared an outbreak of the deadly illness in the central part of the country. “We have received information on the outbreak of Ebola in Uganda and the government has activated surveillance teams in high risk regions,” said…

health

Uganda says Ebola caseload rises to 16 as outbreak grows

Reuters Uganda said on Sunday its Ebola caseload had jumped to 16 people while a further 18 people also likely had the disease, fuelling fears of a spreading outbreak that involves a strain for which a vaccine has not yet been found. In a tweet, the ministry of health also said the death toll of…

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Egypt central bank keeps interest rates unchanged

Reuters The Central Bank of Egypt (CBE), bucking analyst expectations, left its overnight interest rates unchanged on Thursday, saying it believed inflation was under control over the medium term. The bank also raised the reserve ratio to 18% from 14%, saying that this would help tighten liquidity. The bank’s Monetary Policy Committee (MPC) kept the…

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Egypt to apply to host 2036 Olympic Games

Reuters Egypt will apply to host the Summer Olympic Games in 2036, the Egyptian youth and sports minister said in a statement on Saturday, a bid that if successful would make it the first Arab or African nation to host the event. Egyptian President Abdel Fattah Al-Sisi gave the green light to apply, Minister Ashraf…

health

Uganda Ebola death toll rises to four

Reuters Three more Ebola patients have died in Uganda, the health ministry said on Friday, bringing the total death toll to four, days after authorities confirmed an outbreak of a strain of the deadly disease for which no vaccine has yet been approved. Uganda’s health ministry said it had confirmed 11 cases of Ebola in…