Congo police fired tear gas on Wednesday to disperse a protest by opposition supporters in the capital Kinshasa calling for a re-run of last week’s chaotic presidential and legislative elections.
The disputed vote threatens to further destabilise poverty-stricken Congo, which is already grappling with a security crisis in the east that has hampered development in the world’s top producer of cobalt and other industrial minerals and meta
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This is to Accolade African news update I am soy Bea Jack Congo police fired tear gas on Wednesday to dispers a protest by opposition supporters in the capital Kinshasa calling for a rerun of last week’s chaotic presidential and legislative elections the disputed votes threatens to further destabilize poverty
Streak in Congo which is already grappling with the security crisis in the East that has hampered development in the world’s top producer of colbart and other industrial minerals and metals five of President Felix tish’s challengers in the race called on their supporters to join a match on Wednesday
Against the pole which they say was fraudulent and should be annoyed they vowed to proceed even after the government banned the protest on Tuesday saying it was intended to undermine the work of the national Election Commission seni as it complies results that for now shows shidi with a strong lead police
Surrounded the headquarters of one of the incompetent main challenges Martin fulu where protesters Were Meant to gather for a sheduled start time of 9 GMT some were in riot gear While others held riffles there was no immediate sign of large crowd gathering at me the heavy security presence but some protesters
Tried to block roads with burning tires before police intervened with theas people around Fu’s headquarters also threw rocks at the police who retaliated in Kind South Africans ran fem in Te trade on Wednesday ahead of the last economic data releases of the year later this week at 103 GMT the Rand traded at 18575 against the dollar about 0.8% stronger than its previous close we expect the local currency to remain fairly range bound until the new year
Said Andre Celia currency strategist at treasury 1 South African money supply trade and budget balance data for the month of November at OG on Friday on the stock market the top 40 index was last trading about 3% higher South African Benchmark 2030 government’s Bond was marginally stronger with a youth down
One Basics point at 9.73 5% ethopia became Africa’s third default in as many years on Tuesday after it failed to make a $33 million coupon payment on its only International Government Bond African’s second most populous country announced earlier this month that it intended to formally go into default having been on the severe
Finance strain in the wake of the covid-19 pandemic and a 2-year civil war that ended in November 2022 it had been supposed to make the payment on December 11th but technically had up until Tuesday to provide the money due to a 14-day grace period Clowns written into
The $1 billion Bond according to two sources familiar with the situation bone holders had not been paid the coupon as of the end of Friday December 22nd the last International banking working day before the grace period expires Ethiopian government officials did not respond to request for comment on Friday
Or over the weekend but the widely expected default will see its joint to other African nations Zambia and Ghana in a full scale common framework restructuring the East African country first requested depth believe under the G20 Le initiative in early 2021 progress was initially delayed by the Civil War
But with each Foreign Exchange Reserve depleted and inflation sing Ethiopia’s official sector government creditors including China agreed to a debt service suspension deal in November on December 8th the government said parallel negotiations it had been having with supension funds and other private sector creditors that hold its Bond had broken Down Nigeria’s competition commission has ordered British American Tobacco bat to pay a $110 million penalty in resolution of alleged Abus of markets dominance including in inment of Public Health regulations the Watchdog said on Wednesday the federal competition and consumer protection commission fccpc said the maker of ly strike and Don Hill
Cigarettes had also penalized retailers for providing equal platforms for each competitors products bat did not respond immediately to an emailed request for comments in resolution of an investigation over a broad range of anti-competitive conduct including abuse of dominance seeking to frustrate competitors and infringement of Public Health control regulations British
American Tobacco and fccpc entered into a Content order including a penalty of $110 million the competition agency said on social media platform X that is the size of top Accolade African news update you can follow us on our social media platforms as displayed on your screen happy Wednesday