Reuters Africa

Higher interest rates a drag on South African insurer Old Mutual

By Tannur Anders JOHANNESBURG (Reuters) -South African insurer Old Mutual Ltd said on Wednesday that benefits from higher interest rates were somewhat offset by their impact on customers, and it expects persistent pressure from tightening monetary policy to only stabilise in 2024. The country’s largest life insurer was able to achieve a better return on …

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French ambassador to Niger leaves as relations nosedive after coup

NIAMEY (Reuters) -France’s ambassador to Niger left the country early on Wednesday morning, around one month after the military government ordered his expulsion and days after President Emmanuel Macron said the diplomat would be pulled out and French troops withdrawn. Relations between Niger and France, its former colonial ruler which maintained a military presence in …

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S.Africa’s Transnet says heavy rains disrupt service on key commodity line

(Reuters) – South Africa’s logistics utility Transnet on Wednesday said severe weather had disrupted rail services on its Cape Corridor, the main line for manganese exports and agricultural commodities. The country’s Western Cape and Eastern Cape provinces were last weeked lashed by strong winds and heavy rains which caused flooding and left 11 people dead, …

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Soccer-Morocco and East African co-bid to host future Africa Cup of Nations finals

CAIRO (Reuters) -Morocco were awarded the hosting of the 2025 Africa Cup of Nations finals on Wednesday, replacing Guinea who were stripped of the right to host the tournament last year, while the 2027 rights were handed to a co-bid from Kenya, Tanzania and Uganda. Morocco won by default after Algeria, Zambia and a joint …

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