Consumer inflation quickened more than forecast after food, housing and transport prices surged.
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Virus Update | Kenya will require all government workers to receive at least one dose of the Covid-19 vaccine before Aug. Treasuries has climbed to 987 basis points, the highest in Africa after Zambia. Meanwhile, the premium demanded on Ethiopia’s 2024 Eurobonds instead of U.S.
About 300,000 people face “emergency levels of hunger” in the Amhara and Afar states, where Tigrayan forces began an offensive after regaining most of their territory from government troops. National Service | Fighting in northern Ethiopia may intensify after Prime Minister Abiy Ahmed urged citizens to join the army, which may add to the misery caused by nine months of civil war between the federal government and dissidents in the Tigray region. Somalia has set up a national payments system as part of plans to develop the financial industry following decades of political and economic instability. Meanwhile, Bank Zero in South Africa has opened for business, with a mobile app that offers accounts for retail and business customers, including in the informal sector. Moove, co-located in Uber offices in Lagos, Johannesburg and Accra, plans to launch in Cape Town and Durban by September.
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The final result is expected within three days after balloting closed.įintech Deals | Mobility startup Moove has raised $23 million to provide financing to Uber drivers to buy cars across sub-Saharan Africa. The government restricted access to WhatsApp, Facebook and other social media platforms, while voters in record numbers waited for as long as 10 hours to cast ballots. Zambia Votes | Zambians are awaiting results from Thursday’s general election, in which incumbent President Edgar Lungu is seeking to beat main opposition leader, Hakainde Hichilema, to retain power. While there are other Rwandan fugitives in Mozambique, neither government has commented on whether there will be cooperation on returning them to the east African country. Human Rights Watch cited unidentified people saying he was seized on Inhaca Island by uniformed Mozambican security service agents. Ntamuhanga’s whereabouts are not publicly known since then. Still, Cassien Ntamuhanga, a fugitive accused of plotting against the government in Kigali who had applied for asylum in Mozambique was taken into custody on May 23. It’s unclear what Rwanda gains from its deployment. “It’s no accident that Rwanda got there first,” he said. Rwanda is less likely to look too closely, Mason said. In the 1970s, Mozambique harbored the liberation army of former Zimbabwean President Robert Mugabe, whose troops in the 1980s and 1990s helped quell a rebellion by Mozambican rebel group Renamo.īut this time Mozambique’s ruling Frelimo party only reluctantly accepted their help even as the Islamists brought TotalEnergies’ $20 billion gas project to a halt and beheaded locals.Ī multi-nation force would bring scrutiny to the affected region, Cabo Delgado, which is riven with ruling party patronage.
South Africa is Mozambique’s biggest trade partner and Zimbabwe has a long military history with it.
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