An Ethiopian bank has put up posters shaming customers it says have not returned money they gained during a technical glitch. Notices bearing their names and photos could be seen outside branches of the Commercial Bank of Ethiopia (CBE) on Friday. The bank says it has recovered almost three-quarters of the $14m (£12m) it lost,…
Category: African News
Zimbabwe Launches New Gold-backed Currency to tackle inflation.
Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at…
South African parliament speaker resigns, charged with corruption.
South Africa’s ex-Speaker of Parliament Nosiviwe Mapisa-Nqakula has been charged with 12 counts of corruption and one count of money laundering. She made her first court appearance after handing herself over to a police station on Thursday morning. The politician is accused of soliciting bribes in return for awarding contracts during her time as defence…
Zimbabwe president declares state of disaster due to drought.
Zimbabwe’s President Emmerson Mnangagwa has declared a national disaster to tackle the prolonged drought crisis. Mr Mnangagwa said on Wednesday the country needs $2bn (£1.6bn) to tackle hunger caused by low rainfall which has wiped out about half of the maize crop. The grain shortage has pushed up food prices and an estimated 2.7 million…
Bassirou Diomaye Faye sworn in as Senegal’s new president.
Senegal inaugurated Bassirou Diomaye Faye as its new president on Tuesday, completing the previously little-known opposition figure’s dramatic ascent from prison to the palace in recent weeks. Faye was released from prison less than two weeks before the March 24 election, along with popular opposition figure and mentor Ousmane Sonko, following a political amnesty announced by outgoing President Macky Sall….
Sudanese army says foreign fighters captured in Omdurman.
March 31, 2024 (OMDURMAN) – The Sudanese army (SAF) announced on Sunday the capture of foreign fighters during the March 12th battle for the Omdurman radio and television buildings. The RSF had controlled the state media headquarters since the conflict began in April 2023. However, on March 12, the SAF successfully recaptured the facilities, removing…
Diomaye Faye’s large win in Senegal presidential elections.
Anti-establishment figure Bassirou Diomaye Faye has comfortably won the Senegalese presidential election with 54.28 percent of votes in the first round, official provisional results have shown. Faye placed well ahead of the governing coalition’s candidate, former prime minister Amadou Ba, who garnered 35.79 percent. Aliou Mamadou Dia, who came third out of 19 candidates, won…
Former South Africas president Jacob Zuma barred from running in election.
Former President Jacob Zuma has been barred from running in South Africa’s general election in May. The country’s electoral commission, or IEC, has not given a reason. However, his 2021 conviction, and jailing, for contempt of court would appear to disqualify him. His backing of the new uMkhonto we Sizwe (MK) party has been seen…
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